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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.004%
Price spread now: Pacifica against Lighter+0.185%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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Pacifica: 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: Pacifica is 0.185% dearer against Lighter than usual: you sell high and buy low, +$19 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter 1000SHIB0.0000059370.0096pay 0.0012% / 1h32m 17s$154K$642K10x
ShortPacifica kSHIB0.0000059480.0100get 0.0013% / 1h32m 17s$12K$6K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Lighter. 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: +0.185% → 0.000%
$18.53
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$11.37
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Lighter: live order book, 48 min ago; Pacifica: 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 Lighter live order book, 48 min ago3.34 bp4.9 bp −$555.1 bp −$551doesn't fitdoesn't fit
Sell Pacifica no order-book sample
Pacifica: 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−0.0024%1h0.000005980+0.724%$129K$1.7M50xas long as short
Gate SHIB_USDT−0.0010%8h0.000005934−0.051%$7.0M$7.0M75xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000005945+0.133%$144K$3.2M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000005934−0.051%$50K$55K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000005934−0.042%$560150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+1.735%$248$134K5.5xas long as short
BingX 1000SHIB-USDC+0.0070%8h0.000005934−0.051%$1.6Mas long as short
Lighter 1000SHIBlong+0.0096%1h0.000005937long leg$154K$642K10x
Hyperliquid kSHIB+0.0100%1h0.000005943+0.101%$3.6M$5.5M10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000005934−0.044%$40K$298K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kSHIBshort+0.0100%1h0.000005948+0.185%$12K$6K10x
Binance 1000SHIBUSDT+0.0100%8h0.000005933−0.067%$30.3M$128.2M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000005927−0.168%$8.8M$44.5M50xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005930−0.118%$28.3M$20.1M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000005928−0.152%$4.7M$3.2M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000005931−0.101%$11.3M$17.2M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000005953+0.269%$23K$9K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.0000059370.000%$6K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000005944+0.118%$2K$26K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000005935−0.034%$503$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000005942+0.084%$409K$566K75xas long as short
Kraken Futures PF_SHIBUSD+0.0100%1h0.000005934−0.053%$1.1M$1.0M50xas long as short
Paradex kSHIB-USD-PERP+0.0101%8h0.000005948+0.188%$7K$1320xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000005929−0.127%$53K$4K25xas long as short
Phemex u1000SHIBUSDT+0.0211%8h0.000005936−0.017%$2.1M$7.7M50xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0212% / S −0.2404%1h0.000005000−15.782%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000005943+0.101%$844K$925K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005933−0.063%$120xas long as short
dYdX SHIB-USD+1.0630%1h0.000005945+0.136%$23K$82K10xas long as short