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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −11.0% APRnext payment $0.13 per $10,000 · paid last 24h −0.032%
Price spread now: gTrade (Gains Network) against Pacifica−0.057%7-day average · you buy dearer than you sell
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 3 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.057% cheaper against Pacifica than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica kSHIB0.0000059900.0100pay 0.0013% / 1h37m 13s$12K$5K10x
ShortgTrade (Gains Network) SHIB/USD0.000005987L +0.0006% / S 0.0000%pay 0.0000% / 1h37m 13s$565150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$21.08
Price spread: −0.057% → 0.000%
−$5.68
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$44.75
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Pacifica: no order-book sample; gTrade (Gains Network): no order-book sample. 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 gTrade (Gains Network) no order-book sample
Pacifica and gTrade (Gains Network): 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−0.0375%1h0.000005989−0.009%$1.1M$1.0M50xas long as short
Coinbase International 1000SHIB-PERP-INTX−0.0088%1h0.000006016+0.434%$117K$1.6M50xas long as short
dYdX SHIB-USD0.0000%1h0.000005991+0.015%$23K$56K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000005989−0.008%$105K$3.3M2xas long as short
gTrade (Gains Network) SHIB/USDshortL +0.0006% / S 0.0000%1h0.000005987−0.057%$565150x
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.835%$248$134K5.5xas long as short
BingX 1000SHIB-USDT+0.0050%8h0.000005980−0.167%$2.3Mas long as short
Lighter 1000SHIB+0.0096%1h0.000005989−0.017%$155K$640K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000005990−0.005%$41K$336K50xas long as short
Pacifica kSHIBlong+0.0100%1h0.000005990long leg$12K$5K10x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000SHIBUSDT+0.0100%8h0.000005990−0.005%$30.0M$127.8M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000005979−0.184%$9.1M$43.2M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000005977−0.217%$7.0M$7.4M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005980−0.167%$28.0M$19.6M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000005988−0.033%$4.6M$3.2M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000005981−0.150%$11.3M$17.4M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000005982−0.134%$23K$8K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.0000059900.000%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006001+0.184%$2K$27K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000005987−0.050%$495$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000005992+0.033%$408K$577K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.0000059900.000%$2.1M$7.6M50xas long as short
Paradex kSHIB-USD-PERP+0.0102%8h0.000005994+0.064%$7K$1320xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000005985−0.079%$53K$4K25xas long as short
Hyperliquid kSHIB+0.0106%1h0.000005986−0.067%$3.6M$5.4M10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0212% / S −0.2404%1h0.000005000−16.528%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000005984−0.100%$871K$927K50xas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0251%1h0.000005991+0.017%$47K$65K25xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005988−0.037%$120xas long as short