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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Aster−0.061%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.061% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster 1000SHIBUSDT0.0000060300.0100pay 0.0100% / 8h4h 15m$41K$321K50x
ShortgTrade (Gains Network) SHIB/USD0.000006026L +0.0006% / S 0.0000%pay 0.0000% / 1h15m 28s$569150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Aster. 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
−$21.08
Price spread: −0.061% → 0.000%
−$6.14
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$45.21
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 42 min ago; gTrade (Gains Network): 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 Aster live order book, 42 min ago5.88 bp19.0 bp −$19101.7 bp −$1,017doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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
Kraken Futures PF_SHIBUSD−0.0349%1h0.000006028−0.028%$1.1M$934K50xas long as short
Coinbase International 1000SHIB-PERP-INTX−0.0088%1h0.000006025−0.078%$125K$1.1M50xas long as short
dYdX SHIB-USD0.0000%1h0.000006026−0.064%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006023−0.114%$190K$2.3M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006027−0.045%$46K$58K25xas long as short
gTrade (Gains Network) SHIB/USDshortL +0.0006% / S 0.0000%1h0.000006026−0.061%$569150x
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.171%$248$134K5.5xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.000006024−0.095%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006030+0.005%$160K$608K10xas long as short
Aster 1000SHIBUSDTlong+0.0100%8h0.000006030long leg$41K$321K50x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kSHIB+0.0100%1h0.000006028−0.028%$12K$5K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006029−0.008%$29.7M$104.9M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006023−0.111%$9.5M$37.0M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006024−0.095%$7.0M$5.9M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006027−0.045%$30.1M$17.8M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006030+0.005%$4.8M$2.7M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006029−0.012%$11.6M$14.6M75xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006027−0.045%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006039+0.154%$2K$24K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006029−0.012%$480$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006028−0.028%$411K$555K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006027−0.045%$2.1M$6.9M50xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006027−0.051%$53K$4K25xas long as short
Paradex kSHIB-USD-PERP+0.0117%8h0.000006033+0.049%$7K$1320xas long as short
Backpack kSHIB_USDC_PERP+0.0129%1h0.000006025−0.078%$23K$7K15xas long as short
Hyperliquid kSHIB+0.0130%1h0.000006039+0.154%$3.6M$4.8M10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−0.493%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006035+0.088%$877K$895K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006023−0.111%$120xas long as short