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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.035%
Price spread now: BloFin against Pacifica+0.033%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 fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.033% dearer against Pacifica than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica kSHIB0.0000059870.0135pay 0.0017% / 1h41m 15s$12K$4K10x
ShortBloFin SHIB-USDT0.0000059890.0220get 0.0220% / 8h5h 41m$884K$895K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Pacifica. 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
$17.88
Price spread: +0.033% → 0.000%
$3.34
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
$1.22
Costs to cover
0.200%
Break-even
6.5 days
Slippage unknown: Pacifica: no order-book sample; BloFin: live order book, 1 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 Pacifica no order-book sample
Sell BloFin live order book, 1 min ago0.83 bp8.7 bp −$917.2 bp −$172doesn't fitdoesn't fit
Pacifica: 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 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
Kraken Futures PF_SHIBUSD−0.0293%1h0.000005987−0.007%$1.1M$897K50xas long as short
Coinbase International 1000SHIB-PERP-INTX−0.0032%1h0.000005981−0.100%$135K$1.1M50xas long as short
dYdX SHIB-USD0.0000%1h0.000005988+0.015%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000005992+0.079%$192K$2.3M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000005991+0.073%$566150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.885%$248$134K5.5xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.000005993+0.100%$1.6Mas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0084%1h0.000005991+0.067%$46K$61K25xas long as short
Lighter 1000SHIB+0.0096%1h0.000005990+0.050%$161K$613K10xas long as short
Hyperliquid kSHIB+0.0100%1h0.000005999+0.200%$3.6M$4.8M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000SHIBUSDT+0.0100%8h0.000005994+0.117%$43K$316K50xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000005994+0.118%$29.4M$102.1M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000005997+0.167%$9.3M$36.1M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000005989+0.033%$6.9M$5.8M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005993+0.100%$29.7M$17.3M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000005991+0.067%$4.9M$2.7M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000005997+0.167%$11.3M$14.3M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006001+0.234%$23K$7K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000005991+0.067%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000005996+0.150%$2K$24K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000005990+0.050%$505$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.0000059870.000%$410K$583K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000005993+0.100%$2.1M$6.7M50xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000005986−0.010%$53K$4K25xas long as short
Paradex kSHIB-USD-PERP+0.0111%8h0.000005987+0.004%$7K$1320xas long as short
Pacifica kSHIBlong+0.0135%1h0.000005987long leg$12K$4K10x
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000005000−16.486%$1K100xas long as short
BloFin SHIB-USDTshort+0.0220%8h0.000005989+0.033%$884K$895K50x
Reya kSHIBRUSDPERP+0.0323%1h0.000005992+0.083%$120xas long as short