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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Bitget against Extended+0.028%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+0.005%+$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.028% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended 1000SHIB-USD0.0000060680.0104pay 0.0013% / 1h18m 59s$54K$4K25x
ShortBitget SHIBUSDT0.0000060700.0100get 0.0100% / 8h1h 18m$11.6M$13.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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
−$0.84
Price spread: +0.028% → 0.000%
$2.77
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$15.07
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; Bitget: live order book, 5 min ago. 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 Extended no order-book sample
Sell Bitget live order book, 5 min ago0.82 bp10.4 bp −$1015.6 bp −$15676.1 bp −$7,609doesn't fit
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%1h0.000006075+0.114%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006076+0.120%$73K$1.9M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006071+0.044%$47K$65K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006074+0.090%$739150xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0008%1h0.000006073+0.077%$81K$785K50xas long as short
BingX 1000SHIB-USDT+0.0080%8h0.000006072+0.061%$2.1Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006071+0.044%$153K$290K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006072+0.055%$35K$175K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006078+0.160%$12K$4K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006072+0.059%$29.8M$93.7M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000006072+0.061%$8.8M$32.0M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006068−0.005%$7.0M$5.6M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006071+0.044%$30.7M$16.2M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006070+0.028%$4.9M$2.5M75xas long as short
Bitget SHIBUSDTshort+0.0100%8h0.000006070+0.028%$11.6M$13.1M75x
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006073+0.077%$25K$6K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006070+0.028%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006078+0.160%$2K$23K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006070+0.028%$541$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006071+0.044%$414K$618K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006061−0.121%$2.1M$5.8M50xas long as short
Paradex kSHIB-USD-PERP+0.0103%8h0.000006078+0.166%$7K20xas long as short
Extended 1000SHIB-USDlong+0.0104%1h0.000006068long leg$54K$4K25x
Injective SHIB/USDC PERP+0.0141%1h0.000006040−0.467%$248$134K5.5xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−1.126%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006076+0.127%$818K$951K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006076+0.126%$120xas long as short
Kraken Futures PF_SHIBUSD+0.0357%1h0.000006070+0.027%$1.2M$797K50xas long as short
Hyperliquid kSHIB+0.0814%1h0.000006081+0.209%$4.4M$4.0M10xas long as short