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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Pacifica against Orderly+0.213%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 fees+ Points / potential airdropPacifica: 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 0.213% dearer against Orderly than usual: you sell high and buy low, +$21 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_1000SHIB_USDC0.0000060910.0100pay 0.0100% / 8h7h 33m$7K$4K20x
ShortPacifica kSHIB0.0000061040.0100get 0.0013% / 1h33m 29s$12K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Orderly. 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
Price spread: +0.213% → 0.000%
$21.34
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$7.34
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample
Sell Pacifica no order-book sample
Orderly and 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
dYdX SHIB-USD0.0000%1h0.000006100+0.148%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006087−0.061%$103K$2.0M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006090−0.016%$47K$65K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006090−0.010%$741150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040−0.837%$248$134K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0064%1h0.000006084−0.115%$77K$811K50xas long as short
BingX 1000SHIB-USDT+0.0070%8h0.000006101+0.164%$2.1Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006108+0.279%$219K$438K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006100+0.148%$37K$179K50xas long as short
Pacifica kSHIBshort+0.0100%1h0.000006104+0.213%$12K$4K10x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000SHIBUSDT+0.0100%8h0.000006100+0.150%$29.7M$97.5M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006101+0.164%$9.3M$34.5M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006100+0.148%$7.1M$5.5M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006101+0.164%$31.6M$16.8M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006101+0.164%$4.9M$2.6M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006104+0.213%$11.6M$13.6M75xas long as short
Orderly PERP_1000SHIB_USDClong+0.0100%8h0.000006091long leg$7K$4K20x
SunX SHIB-USDT+0.0100%8h0.000006099+0.131%$2K$24K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006090−0.016%$562$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006090−0.016%$417K$594K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006090−0.016%$2.2M$6.3M50xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006103+0.193%$54K$4K25xas long as short
Paradex kSHIB-USD-PERP+0.0115%8h0.000006107+0.256%$7K20xas long as short
Backpack kSHIB_USDC_PERP+0.0208%1h0.0000060910.000%$25K$6K15xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−1.494%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006092+0.016%$808K$944K50xas long as short
Kraken Futures PF_SHIBUSD+0.0258%1h0.000006091+0.002%$1.2M$821K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006089−0.031%$120xas long as short
Hyperliquid kSHIB+0.0676%1h0.000006107+0.263%$4.4M$4.0M10xas long as short