Funding arb · Price arb /

SHIB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.2304%/8h= +252.2% APRpaid last 24h +0.631%

Price spread now: GMX against Aster−0.227%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on GMX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.227% cheaper against Aster than usual: you would sell low and buy high (spread −0.227% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 8 hours of funding at the current rate (+$69 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000SHIBUSDT	0.000006014	0.0100	pay 0.0100% / 8h	22m 08s	$35K	$175K	50x
Short	GMX SHIB/USD [ETH-USDC]	0.000006000	L +0.0213% / S −0.2404%	get 0.0300% / 1h	22m 08s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee AsterbpFee GMXbpOrdersPrice spread, now −0.227%Rate

Funding earned: $483.74
Price spread: −0.227% → 0.000%: −$22.67
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $441.08
Costs to cover: 0.200%
Break-even: 0.6 days

Slippage unknown: Aster: live order book, 54 min ago; GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 54 min ago	4.11 bp	11.5 bp −$11	99.5 bp −$995	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SHIB-USD	0.0000%	1h	0.000006012	−0.023%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006017	+0.061%	$77K	$1.9M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006019	+0.089%	$46K	$65K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006019	+0.093%	$732	—	150x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0032%	1h	0.000006002	−0.193%	$76K	$795K	50x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	0.000006017	+0.056%	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006018	+0.073%	$152K	$292K	10x	as long as short
Aster 1000SHIBUSDTlong	+0.0100%	8h	0.000006014	long leg	$35K	$175K	50x
Pacifica kSHIB	+0.0100%	1h	0.000006015	+0.023%	$12K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006019	+0.082%	$29.6M	$95.7M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006017	+0.056%	$8.6M	$32.7M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006014	+0.006%	$6.9M	$5.6M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006017	+0.056%	$31.2M	$16.7M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006018	+0.073%	$4.9M	$2.6M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006019	+0.089%	$11.5M	$13.4M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006021	+0.123%	$25K	$6K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006019	+0.089%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006030	+0.272%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006018	+0.073%	$541	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006024	+0.172%	$412K	$618K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006021	+0.123%	$2.1M	$6.1M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0101%	8h	0.000006023	+0.153%	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006018	+0.064%	$53K	$4K	25x	as long as short
Injective SHIB/USDC PERP	+0.0161%	1h	0.000006040	+0.439%	$248	$134K	5.5x	as long as short
GMX SHIB/USD [ETH-USDC]short	L +0.0213% / S −0.2404%	1h	0.000006000	−0.227%	$1K	—	100x
BloFin SHIB-USDT	+0.0220%	8h	0.000006013	−0.010%	$819K	$939K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006018	+0.081%	$1	—	20x	as long as short
Kraken Futures PF_SHIBUSD	+0.0383%	1h	0.000006017	+0.049%	$1.1M	$812K	50x	as long as short
Hyperliquid kSHIB	+0.0622%	1h	0.000006032	+0.305%	$4.4M	$4.0M	10x	as long as short