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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.2304%/8h= +252.2% APRnext payment +$2.88 per $10,000 · paid last 24h +0.631%
Price spread now: GMX against Pacifica−1.397%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
Funding pays, the price is against you. GMX is 1.397% cheaper against Pacifica than usual: you would sell low and buy high (spread −1.397% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$140 on $10k: about 2.0 days of funding at the current rate (+$69 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica kSHIB0.0000060850.0100pay 0.0013% / 1h57m 57s$12K$4K10x
ShortGMX SHIB/USD [ETH-USDC]0.000006000L +0.0213% / S −0.2404%get 0.0300% / 1h57m 57s$1K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$483.74
Price spread: −1.397% → 0.000%
−$139.69
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
$324.06
Costs to cover
0.200%
Break-even
2.3 days
Slippage unknown: Pacifica: no order-book sample; GMX: 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 GMX no order-book sample
Pacifica and GMX: 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
dYdX SHIB-USD0.0000%1h0.000006079−0.097%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.0000060850.000%$73K$1.9M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006090+0.082%$741150xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0032%1h0.000006062−0.378%$80K$787K50xas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0078%1h0.000006095+0.164%$47K$65K25xas long as short
BingX 1000SHIB-USDT+0.0080%8h0.000006098+0.214%$2.1Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006097+0.197%$154K$290K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006092+0.110%$35K$175K50xas long as short
Pacifica kSHIBlong+0.0100%1h0.000006085long leg$12K$4K10x
Binance 1000SHIBUSDT+0.0100%8h0.000006095+0.166%$30.0M$94.2M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000006097+0.197%$8.8M$32.3M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006095+0.164%$7.0M$5.5M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006094+0.148%$30.7M$16.2M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006095+0.164%$4.9M$2.5M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006099+0.230%$11.7M$13.2M75xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006094+0.148%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006102+0.279%$2K$23K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006094+0.148%$540$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006093+0.131%$415K$613K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006100+0.247%$2.1M$5.8M50xas long as short
Paradex kSHIB-USD-PERP+0.0102%8h0.000006094+0.150%$7K20xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006096+0.185%$54K$4K25xas long as short
Injective SHIB/USDC PERP+0.0161%1h0.000006040−0.740%$248$134K5.5xas long as short
GMX SHIB/USD [ETH-USDC]shortL +0.0213% / S −0.2404%1h0.000006000−1.397%$1K100x
BloFin SHIB-USDT+0.0220%8h0.000006065−0.329%$820K$948K50xas long as short
Backpack kSHIB_USDC_PERP+0.0274%1h0.000006099+0.230%$25K$6K15xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006092+0.121%$120xas long as short
Kraken Futures PF_SHIBUSD+0.0378%1h0.000006094+0.142%$1.2M$803K50xas long as short
Hyperliquid kSHIB+0.0722%1h0.000006108+0.378%$4.4M$4.0M10xas long as short