Funding arb · Price arb /

SHIB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Pacifica+0.283%49s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on OKX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.283% dearer against Pacifica than usual: you sell high and buy low, +$28 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kSHIB	0.000006008	0.0100	pay 0.0013% / 1h	5m 00s	$12K	$4K	10x
Short	OKX SHIB-USDT-SWAP	0.000006025	0.0100	get 0.0100% / 8h	5m 00s	$8.6M	$32.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee PacificabpFee OKXbpOrdersPrice spread, now +0.283%Rate

Funding earned: $0
Price spread: +0.283% → 0.000%: $28.3
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $10.3
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Pacifica: no order-book sample; OKX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Pacifica no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	0.83 bp	8.1 bp −$8	23.6 bp −$236	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SHIB-USD	0.0000%	1h	0.000006004	−0.065%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006011	+0.053%	$77K	$1.9M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006015	+0.117%	$731	—	150x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0032%	1h	0.000005990	−0.300%	$76K	$793K	50x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	0.000006022	+0.233%	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006018	+0.166%	$165K	$317K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006014	+0.101%	$35K	$173K	50x	as long as short
Pacifica kSHIBlong	+0.0100%	1h	0.000006008	long leg	$12K	$4K	10x
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006025	+0.283%	$29.4M	$96.4M	75x	as long as short
OKX SHIB-USDT-SWAPshort	+0.0100%	8h	0.000006025	+0.283%	$8.6M	$32.8M	50x

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SHIB_USDT	+0.0100%	8h	0.000006020	+0.200%	$6.9M	$5.7M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006021	+0.216%	$31.2M	$16.8M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006014	+0.100%	$4.9M	$2.6M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006022	+0.233%	$11.5M	$13.4M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006019	+0.183%	$25K	$6K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006017	+0.150%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006024	+0.266%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006019	+0.183%	$539	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006013	+0.083%	$411K	$618K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006011	+0.050%	$2.1M	$6.1M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0102%	8h	0.000006008	−0.004%	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006021	+0.222%	$53K	$4K	25x	as long as short
Injective SHIB/USDC PERP	+0.0161%	1h	0.000006040	+0.533%	$248	$134K	5.5x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−0.133%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006010	+0.033%	$804K	$938K	50x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0249%	1h	0.000006017	+0.150%	$46K	$65K	25x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006014	+0.094%	$1	—	20x	as long as short
Kraken Futures PF_SHIBUSD	+0.0383%	1h	0.000006017	+0.149%	$1.1M	$818K	50x	as long as short
Hyperliquid kSHIB	+0.0608%	1h	0.000006026	+0.300%	$4.4M	$4.0M	10x	as long as short