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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.007%
Price spread now: Extended against BingX+0.025%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 7 days+0.091%+$9 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.025% dearer against BingX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX 1000SHIB-USDC0.0000060770.0080pay 0.0080% / 8h1h 14m$1.6M
ShortExtended 1000SHIB-USD0.0000060790.0104get 0.0013% / 1h14m 37s$54K$4K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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
$5.04
Price spread: +0.025% → 0.000%
$2.47
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$7.49
Costs to cover
0.150%
Break-even
17.4 days
Slippage unknown: BingX: live order book, 8 min ago; 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 BingX live order book, 8 min ago3.29 bp14.0 bp −$1445.1 bp −$451264.0 bp −$26.4K970.0 bp −$485.0K
Sell Extended no order-book sample
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%1h0.000006079+0.030%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006080+0.058%$73K$1.9M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006073−0.066%$47K$65K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006073−0.061%$739150xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0008%1h0.000006070−0.115%$81K$785K50xas long as short
BingX 1000SHIB-USDClong+0.0080%8h0.000006077long leg$1.6M
Lighter 1000SHIB+0.0096%1h0.000006081+0.066%$153K$290K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006080+0.049%$35K$175K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006082+0.082%$12K$4K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006080+0.042%$29.9M$93.8M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000006076−0.016%$8.8M$32.1M50xas long as short
Gate SHIB_USDT+0.0100%8h0.0000060770.000%$7.0M$5.6M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006081+0.066%$30.8M$16.2M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006079+0.033%$4.9M$2.5M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006078+0.016%$11.6M$13.1M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006080+0.049%$25K$6K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006073−0.066%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006084+0.115%$2K$23K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006075−0.033%$543$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.0000060770.000%$414K$618K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006070−0.115%$2.1M$5.8M50xas long as short
Paradex kSHIB-USD-PERP+0.0103%8h0.000006079+0.038%$7K20xas long as short
Extended 1000SHIB-USDshort+0.0104%1h0.000006079+0.025%$54K$4K25x
Injective SHIB/USDC PERP+0.0141%1h0.000006040−0.609%$248$134K5.5xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−1.267%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006076−0.016%$817K$950K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006074−0.042%$120xas long as short
Kraken Futures PF_SHIBUSD+0.0356%1h0.000006079+0.037%$1.2M$798K50xas long as short
Hyperliquid kSHIB+0.0810%1h0.000006092+0.247%$4.4M$4.0M10xas long as short