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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.04 per $10,000 · paid last 24h −0.002%
Price spread now: Paradex against SunX−0.150%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 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: Paradex is 0.150% cheaper against SunX than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SHIB-USDT0.0000060600.0100pay 0.0100% / 8h1h 33m$2K$23K20x
ShortParadex kSHIB-USD-PERP0.0000060510.0104get 0.0104% / 8h1h 33m$7K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
$0.75
Price spread: −0.150% → 0.000%
−$14.97
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$26.22
Costs to cover
0.120%
Break-even
252.0 days
Slippage unknown: SunX: no order-book sample; Paradex: 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 Paradex no order-book sample
SunX and Paradex: 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%1h0.000006055−0.079%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006048−0.200%$84K$1.9M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006053−0.116%$46K$65K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006045−0.244%$735150xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0008%1h0.000006057−0.050%$81K$782K50xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.000006054−0.099%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006055−0.083%$153K$288K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006053−0.118%$35K$175K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006053−0.116%$12K$4K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006055−0.083%$29.7M$92.3M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000006057−0.050%$8.8M$31.4M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006053−0.116%$6.9M$5.5M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006054−0.099%$30.8M$15.9M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006050−0.165%$4.9M$2.5M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006055−0.083%$11.5M$12.8M75xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006053−0.116%$7K$4K20xas long as short
SunX SHIB-USDTlong+0.0100%8h0.000006060long leg$2K$23K20x
SoDEX 1000SHIB-USD+0.0100%1h0.000006056−0.066%$541$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006046−0.231%$413K$634K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006050−0.165%$2.1M$5.6M50xas long as short
Paradex kSHIB-USD-PERPshort+0.0104%8h0.000006051−0.150%$7K20x
Extended 1000SHIB-USD+0.0104%1h0.000006057−0.055%$54K$4K25xas long as short
Injective SHIB/USDC PERP+0.0141%1h0.000005975−1.403%$245$99K5.5xas long as short
Backpack kSHIB_USDC_PERP+0.0145%1h0.000006052−0.132%$25K$6K15xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−0.990%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006067+0.116%$819K$949K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006035−0.407%$120xas long as short
Kraken Futures PF_SHIBUSD+0.0357%1h0.000006059−0.019%$1.2M$787K50xas long as short
Hyperliquid kSHIB+0.0837%1h0.000006067+0.116%$4.4M$4.0M10xas long as short