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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against SoDEX+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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: 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: Extended is 0.033% dearer against SoDEX than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX 1000SHIB-USD0.0000062320.0100pay 0.0013% / 1h52m 57s$496$5K10x
ShortExtended 1000SHIB-USD0.0000062340.0104get 0.0013% / 1h52m 57s$55K$4K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against SoDEX. 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
$0.84
Price spread: +0.033% → 0.000%
$3.29
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$8.87
Costs to cover
0.130%
Break-even
80.9 days
Slippage unknown: SoDEX: no order-book sample; Extended: 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 SoDEX no order-book sample
Sell Extended no order-book sample
SoDEX and Extended: 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−0.0168%1h0.000006228−0.064%$102K$1.3M50xas long as short
Kraken Futures PF_SHIBUSD−0.0063%1h0.000006233+0.020%$1.2M$962K50xas long as short
dYdX SHIB-USD0.0000%1h0.000006209−0.371%$24K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006191−0.656%$179K$2.5M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000006231−0.010%$588150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040−3.081%$248$134K5.5xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.000006236+0.064%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006236+0.064%$164K$610K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.0000062320.000%$43K$322K50xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006237+0.080%$31.4M$110.0M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000006235+0.048%$10.0M$39.6M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006235+0.048%$7.3M$6.1M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.0000062320.000%$32.0M$18.5M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006230−0.032%$4.8M$2.9M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006237+0.080%$11.8M$15.1M75xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006234+0.032%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006243+0.177%$3K$25K20xas long as short
SoDEX 1000SHIB-USDlong+0.0100%1h0.000006232long leg$496$5K10x
HTX SHIB-USDT+0.0100%8h0.000006228−0.064%$424K$561K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006230−0.032%$2.2M$7.0M50xas long as short
Extended 1000SHIB-USDshort+0.0104%1h0.000006234+0.033%$55K$4K25x
Paradex kSHIB-USD-PERP+0.0121%8h0.000006210−0.355%$7K$1320xas long as short
Pacifica kSHIB+0.0188%1h0.000006209−0.369%$12K$5K10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0214% / S −0.2404%1h0.000006000−3.723%$1K100xas long as short
Hyperliquid kSHIB+0.0214%1h0.000006243+0.177%$3.7M$5.0M10xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006231−0.016%$915K$925K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006223−0.137%$120xas long as short
Backpack kSHIB_USDC_PERP+0.0450%1h0.000006238+0.096%$24K$7K15xas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0552%1h0.000006237+0.080%$48K$58K25xas long as short