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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against SunX−0.135%7-day average · you buy dearer than you sell
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 5 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 0.135% cheaper against SunX than usual: you would sell low and buy high, −$13 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SHIB-USDT0.0000061020.0100pay 0.0100% / 8h57m 22s$2K$23K20x
ShortExtended 1000SHIB-USD0.0000060940.0104get 0.0013% / 1h57m 22s$54K$4K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against SunX. 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: −0.135% → 0.000%
−$13.47
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$25.63
Costs to cover
0.130%
Break-even
220.6 days
Slippage unknown: SunX: 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 SunX no order-book sample
Sell Extended no order-book sample
SunX 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
dYdX SHIB-USD0.0000%1h0.000006092−0.164%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006085−0.279%$73K$1.9M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006091−0.180%$741150xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0032%1h0.000006062−0.656%$80K$787K50xas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0078%1h0.000006095−0.115%$47K$65K25xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.000006090−0.197%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006091−0.180%$154K$290K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006097−0.085%$35K$175K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006093−0.147%$12K$4K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006093−0.155%$30.0M$94.2M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000006094−0.131%$8.8M$32.3M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006087−0.246%$7.0M$5.5M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006090−0.197%$30.6M$16.2M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006093−0.147%$4.9M$2.5M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006095−0.115%$11.7M$13.2M75xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006094−0.131%$7K$4K20xas long as short
SunX SHIB-USDTlong+0.0100%8h0.000006102long leg$2K$23K20x
SoDEX 1000SHIB-USD+0.0100%1h0.000006094−0.131%$540$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006093−0.147%$415K$613K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006100−0.033%$2.1M$5.8M50xas long as short
Paradex kSHIB-USD-PERP+0.0102%8h0.000006093−0.143%$7K20xas long as short
Extended 1000SHIB-USDshort+0.0104%1h0.000006094−0.135%$54K$4K25x
Injective SHIB/USDC PERP+0.0161%1h0.000006040−1.016%$248$134K5.5xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−1.672%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006065−0.606%$820K$948K50xas long as short
Backpack kSHIB_USDC_PERP+0.0274%1h0.000006099−0.049%$25K$6K15xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006093−0.154%$120xas long as short
Kraken Futures PF_SHIBUSD+0.0378%1h0.000006094−0.137%$1.2M$803K50xas long as short
Hyperliquid kSHIB+0.0696%1h0.0000061020.000%$4.4M$4.0M10xas long as short