Settings8H · net · $10k
Funding arb · Price arb /

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against MEXC+0.017%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$260.261% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.045%−$4 on $10k
Price spread, last 7 days−0.023%−$2 · spread now +0.017%, 7d avg +0.008%
Together, before fees−0.068%−$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SHIB_USDT0.0000060030.0100pay 0.0100% / 8h6h 29m$30.8M$17.5M300x
ShortBitget SHIBUSDT0.0000060040.0100get 0.0100% / 8h6h 29m$11.4M$14.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.017% → +0.008%
$0.89
Slippage, 4 orders
−$14.09
Fee MEXC: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$25.2
Costs to cover
0.261%
Break-even
never at this rate
Slippage from MEXC: live order book, 4 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 4 min ago0.84 bp2.5 bp −$37.6 bp −$7647.5 bp −$4,74978.2 bp −$39.1K
Sell Bitget live order book, 4 min ago1.68 bp10.3 bp −$1016.2 bp −$16261.4 bp −$6,140doesn't fit

SHIB on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX SHIB-USD0.0000%1h0.000005988−0.249%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000005987−0.267%$190K$2.3M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000005989−0.228%$728150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.616%$248$134K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0072%1h0.000005981−0.366%$150K$1.1M50xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.000005999−0.067%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000005998−0.083%$162K$610K10xas long as short
Hyperliquid kSHIB+0.0100%1h0.000006002−0.017%$3.7M$4.7M10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000005996−0.123%$40K$183K50xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006006+0.050%$29.4M$101.6M75xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000006007+0.067%$9.1M$35.7M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000005997−0.100%$6.9M$5.7M75xas long as short
MEXC SHIB_USDTlong+0.0100%8h0.000006003long leg$30.8M$17.5M300x
KuCoin SHIBUSDTM+0.0100%8h0.0000060030.000%$4.9M$2.7M75xas long as short
Bitget SHIBUSDTshort+0.0100%8h0.000006004+0.017%$11.4M$14.3M75x
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006000−0.050%$23K$7K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000005994−0.150%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006000−0.050%$2K$24K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000005996−0.117%$519$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000005990−0.217%$410K$592K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000005992−0.183%$2.1M$6.6M50xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006004+0.015%$53K$4K25xas long as short
Paradex kSHIB-USD-PERP+0.0121%8h0.000005985−0.299%$7K$1320xas long as short
Pacifica kSHIB+0.0183%1h0.000005987−0.267%$12K$4K10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000005000−16.708%$1K100xas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0251%1h0.000005997−0.100%$46K$64K25xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005988−0.245%$120xas long as short
Kraken Futures PF_SHIBUSD+0.0760%1h0.000005990−0.216%$1.1M$860K50xas long as short