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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: HTX against SoDEX+0.017%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 feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX 1000SHIB-USD0.0000059390.0100pay 0.0013% / 1h40m 16s$523$5K10x
ShortHTX SHIB-USDT0.0000059400.0100get 0.0100% / 8h6h 40m$407K$606K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
Price spread: +0.017% → 0.000%
$1.68
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$18.32
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; HTX: live order book, 28 min ago. 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 HTX live order book, 28 min ago4.93 bp17.0 bp −$17100.2 bp −$1,002doesn't fitdoesn't fit
SoDEX: 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%1h0.000005925−0.234%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000005931−0.141%$187K$2.3M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000005926−0.216%$720150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+1.701%$248$134K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0072%1h0.000005938−0.017%$154K$974K50xas long as short
BingX 1000SHIB-USDT+0.0080%8h0.000005927−0.202%$2.1Mas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0087%1h0.000005937−0.034%$45K$65K25xas long as short
Lighter 1000SHIB+0.0096%1h0.000005945+0.101%$161K$608K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000005923−0.266%$38K$183K50xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000005946+0.113%$29.1M$101.6M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000005938−0.017%$8.9M$35.2M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000005923−0.269%$6.8M$5.7M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005945+0.101%$30.6M$17.4M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000005938−0.017%$4.9M$2.7M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000005941+0.034%$11.2M$14.3M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000005940+0.017%$23K$7K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000005936−0.051%$6K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000005948+0.152%$2K$24K20xas long as short
SoDEX 1000SHIB-USDlong+0.0100%1h0.000005939long leg$523$5K10x
HTX SHIB-USDTshort+0.0100%8h0.000005940+0.017%$407K$606K75x
Extended 1000SHIB-USD+0.0104%1h0.000005936−0.045%$53K$4K25xas long as short
Paradex kSHIB-USD-PERP+0.0125%8h0.000005930−0.147%$7K$1320xas long as short
Phemex u1000SHIBUSDT+0.0129%8h0.000005950+0.185%$2.1M$6.6M50xas long as short
Pacifica kSHIB+0.0183%1h0.000005928−0.185%$12K$4K10xas long as short
Hyperliquid kSHIB+0.0205%1h0.000005923−0.269%$3.6M$4.7M10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000005000−15.811%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006010+1.195%$871K$935K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005921−0.301%$120xas long as short
Kraken Futures PF_SHIBUSD+0.0767%1h0.000005942+0.049%$1.1M$851K50xas long as short