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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against SoDEX0.000%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-USD0.0000059670.0100pay 0.0013% / 1h8m 17s$539$5K10x
ShortOKX SHIB-USDT-SWAP0.0000059670.0100get 0.0100% / 8h2h 08m$7.6M$28.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$18
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago0.84 bp13.3 bp −$1331.4 bp −$314doesn'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
Kalshi KXKSHIBPERP0.0000%8h0.000005970+0.049%$58K$1.7M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000005968+0.022%$726150xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0016%1h0.000005980+0.218%$89K$758K50xas long as short
Kraken Futures PF_SHIBUSD+0.0056%1h0.000005971+0.063%$1.1M$764K50xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.000005969+0.034%$1.6Mas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0085%1h0.000005969+0.034%$46K$65K25xas long as short
Lighter 1000SHIB+0.0096%1h0.000005969+0.034%$152K$286K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000005965−0.031%$35K$179K50xas long as short
Pacifica kSHIB+0.0100%1h0.000005973+0.101%$12K$4K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000005970+0.050%$29.0M$88.6M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAPshort+0.0100%8h0.0000059670.000%$7.6M$28.0M50x
Gate SHIB_USDT+0.0100%8h0.000005966−0.017%$6.8M$5.4M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005969+0.034%$31.7M$15.8M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000005969+0.034%$4.9M$2.3M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.0000059670.000%$11.6M$12.4M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000005975+0.134%$25K$5K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000005968+0.017%$6K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000005981+0.235%$2K$23K20xas long as short
SoDEX 1000SHIB-USDlong+0.0100%1h0.000005967long leg$539$5K10x
HTX SHIB-USDT+0.0100%8h0.000005971+0.067%$403K$615K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000005970+0.050%$2.1M$5.5M50xas long as short
Paradex kSHIB-USD-PERP+0.0100%8h0.000005971+0.068%$7K20xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000005967−0.003%$53K$4K25xas long as short
Injective SHIB/USDC PERP+0.0187%1h0.000005964−0.050%$245$67K5.5xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000005000−16.206%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000005980+0.218%$711K$965K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005968+0.022%$120xas long as short
Hyperliquid kSHIB+0.0680%1h0.000005981+0.235%$4.3M$3.7M10xas long as short
dYdX SHIB-USD+0.7475%1h0.000005972+0.092%$23K$64K10xas long as short