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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Orderly+0.017%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_1000SHIB_USDC0.0000059750.0100pay 0.0100% / 8h5h 31m$6K$2K20x
ShortBitget SHIBUSDT0.0000059760.0100get 0.0100% / 8h5h 31m$11.3M$17.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Orderly. 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% → 0.000%
$1.67
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$16.33
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell Bitget live order book, 10 min ago0.83 bp9.8 bp −$1020.7 bp −$20759.6 bp −$5,961doesn't fit
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SHIB on 29 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000SHIB-PERP-INTX−0.0056%1h0.000006068+1.556%$131K$1.7M50xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000005974−0.015%$77K$3.5M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000005972−0.057%$564150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+1.088%$248$134K5.5xas long as short
BingX 1000SHIB-USDC+0.0070%8h0.000005973−0.033%$1.7Mas long as short
Lighter 1000SHIB+0.0096%1h0.000005977+0.033%$155K$615K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000005978+0.046%$40K$272K50xas long as short
Pacifica kSHIB+0.0100%1h0.000005973−0.033%$12K$5K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000005978+0.050%$31.0M$128.6M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.0000059750.000%$9.5M$45.6M50xas long as short
Show all 29 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate SHIB_USDT+0.0100%8h0.000005971−0.067%$7.0M$6.8M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005970−0.084%$27.4M$19.1M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000005971−0.067%$4.7M$3.2M75xas long as short
Bitget SHIBUSDTshort+0.0100%8h0.000005976+0.017%$11.3M$17.4M75x
Backpack kSHIB_USDC_PERP+0.0100%1h0.000005976+0.017%$23K$9K15xas long as short
Orderly PERP_1000SHIB_USDClong+0.0100%8h0.000005975long leg$6K$2K20x
SunX SHIB-USDT+0.0100%8h0.000005984+0.151%$2K$25K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000005976+0.017%$516$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.0000059750.000%$410K$482K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000005980+0.084%$2.1M$7.7M50xas long as short
Paradex kSHIB-USD-PERP+0.0101%8h0.000005976+0.025%$7K$1320xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000005973−0.041%$53K$4K25xas long as short
Hyperliquid kSHIB+0.0201%1h0.000005981+0.100%$3.6M$5.2M10xas long as short
Kraken Futures PF_SHIBUSD+0.0204%1h0.000005973−0.028%$1.1M$1.0M50xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0212% / S −0.2404%1h0.000005000−16.318%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000005978+0.050%$919K$890K50xas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0252%1h0.000005979+0.067%$48K$50K25xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005974−0.016%$120xas long as short
dYdX SHIB-USD+0.8327%1h0.000005974−0.024%$31K$65K10xas long as short