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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.032%
Price spread now: SunX against Coinbase International+0.017%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 feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International 1000SHIB-PERP-INTX0.000006016−0.0088get 0.0011% / 1h29m 11s$117K$1.6M50x
ShortSunX SHIB-USDT0.0000060170.0100get 0.0100% / 8h1h 29m$2K$27K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Coinbase International. 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
$39.48
Price spread: +0.017% → 0.000%
$1.66
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
$23.14
Costs to cover
0.180%
Break-even
2.9 days
Slippage unknown: Coinbase International: live order book, 4 min ago; SunX: 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 Coinbase International live order book, 4 min ago8.35 bp16.7 bp −$1722.3 bp −$223doesn't fitdoesn't fit
Sell SunX no order-book sample
SunX: 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−0.0375%1h0.000005999−0.287%$1.1M$1.1M50xas long as short
Coinbase International 1000SHIB-PERP-INTXlong−0.0088%1h0.000006016long leg$117K$1.6M50x
dYdX SHIB-USD0.0000%1h0.000005992−0.400%$23K$56K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006004−0.199%$105K$3.3M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006000−0.266%$47K$65K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000005994−0.372%$566150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.399%$248$134K5.5xas long as short
BingX 1000SHIB-USDC+0.0070%8h0.000005995−0.349%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006002−0.233%$156K$641K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000005994−0.358%$41K$336K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kSHIB+0.0100%1h0.000006007−0.150%$12K$5K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000005998−0.304%$30.0M$128.1M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000005995−0.349%$9.1M$43.3M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000005995−0.349%$7.0M$7.4M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005992−0.399%$27.9M$19.6M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006000−0.266%$4.6M$3.2M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000005995−0.349%$11.3M$17.4M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000005997−0.316%$23K$8K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006002−0.233%$7K$4K20xas long as short
SunX SHIB-USDTshort+0.0100%8h0.000006017+0.017%$2K$27K20x
SoDEX 1000SHIB-USD+0.0100%1h0.000005997−0.316%$506$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006003−0.216%$408K$577K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000005995−0.349%$2.1M$7.7M50xas long as short
Paradex kSHIB-USD-PERP+0.0103%8h0.000006010−0.105%$7K$1320xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000005996−0.336%$53K$4K25xas long as short
Hyperliquid kSHIB+0.0116%1h0.000006002−0.233%$3.6M$5.4M10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0212% / S −0.2404%1h0.000005000−16.888%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006002−0.233%$870K$930K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005996−0.340%$120xas long as short