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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Orderly against Aster+0.002%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 5 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
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster 1000SHIBUSDT0.0000061700.0100pay 0.0100% / 8h3h 28m$43K$328K50x
ShortOrderly PERP_1000SHIB_USDC0.0000061700.0100get 0.0100% / 8h3h 28m$7K$4K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$0
Price spread: +0.002% → 0.000%
$0.21
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$13.79
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 24 min ago; Orderly: 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, 24 min ago4.01 bp12.4 bp −$12121.9 bp −$1,219doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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
Coinbase International 1000SHIB-PERP-INTX−0.0168%1h0.000006161−0.144%$121K$1.4M50xas long as short
Kraken Futures PF_SHIBUSD−0.0064%1h0.000006162−0.125%$1.2M$1.0M50xas long as short
dYdX SHIB-USD0.0000%1h0.000006176+0.097%$24K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006179+0.141%$170K$2.9M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006168−0.030%$51K$61K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000006168−0.034%$582150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040−2.105%$248$134K5.5xas long as short
BingX 1000SHIB-USDC+0.0070%8h0.000006164−0.095%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006168−0.030%$162K$622K10xas long as short
Hyperliquid kSHIB+0.0100%1h0.000006182+0.197%$3.7M$5.2M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000SHIBUSDTlong+0.0100%8h0.000006170long leg$43K$328K50x
Binance 1000SHIBUSDT+0.0100%8h0.000006169−0.014%$31.8M$116.2M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006166−0.063%$10.0M$41.2M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006162−0.128%$7.4M$6.8M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006164−0.095%$30.7M$18.8M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006171+0.018%$4.8M$3.0M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006168−0.030%$11.9M$16.1M75xas long as short
Orderly PERP_1000SHIB_USDCshort+0.0100%8h0.000006170+0.002%$7K$4K20x
SunX SHIB-USDT+0.0100%8h0.000006175+0.083%$2K$26K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006168−0.030%$507$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006171+0.018%$426K$572K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006161−0.144%$2.1M$7.1M50xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006164−0.100%$55K$4K25xas long as short
Paradex kSHIB-USD-PERP+0.0105%8h0.000006181+0.173%$7K$1320xas long as short
Pacifica kSHIB+0.0188%1h0.000006178+0.132%$12K$5K10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−2.753%$1K100xas long as short
Backpack kSHIB_USDC_PERP+0.0214%1h0.000006184+0.229%$24K$7K15xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006180+0.164%$950K$921K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006168−0.024%$120xas long as short