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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.028%
Price spread now: SunX against gTrade (Gains Network)+0.156%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.156% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) SHIB/USD0.000006009L +0.0006% / S 0.0000%pay 0.0001% / 1h51m 28s$567150x
ShortSunX SHIB-USDT0.0000060180.0100get 0.0100% / 8h1h 51m$2K$27K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against gTrade (Gains Network). 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
$19.68
Price spread: +0.156% → 0.000%
$15.64
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
$17.32
Costs to cover
0.180%
Break-even
0.8 days
Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample
Sell SunX no order-book sample
gTrade (Gains Network) and 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−0.0374%1h0.000006010+0.016%$1.2M$1.0M50xas long as short
Coinbase International 1000SHIB-PERP-INTX−0.0088%1h0.000006050+0.689%$123K$1.6M50xas long as short
dYdX SHIB-USD0.0000%1h0.000006008−0.010%$23K$56K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006013+0.072%$105K$3.2M2xas long as short
gTrade (Gains Network) SHIB/USDlongL +0.0006% / S 0.0000%1h0.000006009long leg$567150x
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.523%$248$134K5.5xas long as short
BingX 1000SHIB-USDT+0.0054%8h0.000006010+0.023%$2.3Mas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0083%1h0.000006013+0.073%$47K$65K25xas long as short
Lighter 1000SHIB+0.0096%1h0.000006011+0.040%$156K$639K10xas long as short
Hyperliquid kSHIB+0.0100%1h0.000006015+0.107%$3.6M$5.3M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000SHIBUSDT+0.0100%8h0.000006012+0.063%$41K$336K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006009+0.007%$12K$5K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006015+0.101%$30.1M$126.6M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006016+0.123%$9.2M$43.3M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006005−0.060%$7.0M$7.4M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006008−0.010%$28.4M$19.5M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006007−0.027%$4.6M$3.2M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006017+0.140%$11.4M$17.3M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006009+0.007%$23K$8K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006010+0.023%$7K$4K20xas long as short
SunX SHIB-USDTshort+0.0100%8h0.000006018+0.156%$2K$27K20x
SoDEX 1000SHIB-USD+0.0100%1h0.000006012+0.057%$506$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006011+0.040%$410K$573K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006010+0.023%$2.1M$7.6M50xas long as short
Paradex kSHIB-USD-PERP+0.0101%8h0.000006008−0.004%$7K$1320xas long as short
Extended 1000SHIB-USD+0.0104%1h0.0000060090.000%$53K$4K25xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0212% / S −0.2404%1h0.000006000−0.143%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006006−0.043%$866K$929K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006017+0.137%$120xas long as short