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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.04 per $10,000 · paid last 24h +0.001%
Price spread now: SunX against Paradex+0.291%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: 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: SunX is 0.291% dearer against Paradex than usual: you sell high and buy low, +$29 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex kSHIB-USD-PERP0.0000060060.0104pay 0.0104% / 8h39m 04s$7K$1320x
ShortSunX SHIB-USDT0.0000060230.0100get 0.0100% / 8h39m 04s$2K$27K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Paradex. 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
−$0.76
Price spread: +0.291% → 0.000%
$29.12
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee SunX: 4 bp × 2 orders
−$8
Net
$16.37
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Paradex: no order-book sample; SunX: 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 Paradex no order-book sample
Sell SunX no order-book sample
Paradex and SunX: 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
Coinbase International 1000SHIB-PERP-INTX−0.0016%1h0.000006001−0.075%$117K$1.5M50xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006009+0.063%$119K$3.2M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000006009+0.056%$567150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.574%$248$134K5.5xas long as short
BingX 1000SHIB-USDT+0.0070%8h0.000006014+0.141%$2.3Mas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0083%1h0.000006015+0.158%$50K$59K25xas long as short
Lighter 1000SHIB+0.0096%1h0.000006017+0.191%$156K$640K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006013+0.122%$41K$314K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006004−0.025%$12K$6K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006014+0.146%$30.4M$127.5M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000006014+0.141%$9.2M$43.4M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006006+0.008%$7.1M$7.3M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006010+0.075%$28.8M$20.1M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006011+0.091%$4.6M$3.2M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006011+0.091%$11.3M$17.1M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006012+0.108%$23K$8K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006015+0.158%$7K$4K20xas long as short
SunX SHIB-USDTshort+0.0100%8h0.000006023+0.291%$2K$27K20x
SoDEX 1000SHIB-USD+0.0100%1h0.000006014+0.141%$517$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006011+0.091%$410K$576K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006020+0.241%$2.1M$7.6M50xas long as short
Paradex kSHIB-USD-PERPlong+0.0104%8h0.000006006long leg$7K$1320x
Extended 1000SHIB-USD+0.0104%1h0.000006010+0.073%$53K$4K25xas long as short
Kraken Futures PF_SHIBUSD+0.0199%1h0.000006012+0.108%$1.2M$1.0M50xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0212% / S −0.2404%1h0.000006000−0.092%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006010+0.075%$864K$936K50xas long as short
Hyperliquid kSHIB+0.0265%1h0.000006018+0.208%$3.6M$5.4M10xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006008+0.041%$120xas long as short
dYdX SHIB-USD+0.2501%1h0.000006000−0.092%$35K$70K10xas long as short