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 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Pacifica−0.294%7-day average · you buy dearer than you sell
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 · Extended: 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: Extended is 0.294% cheaper against Pacifica than usual: you would sell low and buy high, −$29 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica kSHIB0.0000061080.0100pay 0.0013% / 1h35m 12s$12K$4K10x
ShortExtended 1000SHIB-USD0.0000060900.0104get 0.0013% / 1h35m 12s$54K$4K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Pacifica. 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: −0.294% → 0.000%
−$29.44
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$41.6
Costs to cover
0.130%
Break-even
353.7 days
Slippage unknown: Pacifica: no order-book sample; Extended: 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 Pacifica no order-book sample
Sell Extended no order-book sample
Pacifica and 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%1h0.000006104−0.066%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006100−0.131%$104K$2.0M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006093−0.246%$47K$65K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006090−0.296%$741150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040−1.113%$248$134K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0064%1h0.000006084−0.393%$77K$811K50xas long as short
BingX 1000SHIB-USDT+0.0070%8h0.000006094−0.229%$2.1Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006099−0.147%$219K$438K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006093−0.244%$37K$179K50xas long as short
Pacifica kSHIBlong+0.0100%1h0.000006108long leg$12K$4K10x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000SHIBUSDT+0.0100%8h0.000006093−0.247%$29.7M$97.6M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006097−0.180%$9.3M$34.4M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006094−0.229%$7.1M$5.5M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006098−0.164%$31.5M$16.8M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006095−0.213%$4.9M$2.6M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006094−0.229%$11.6M$13.6M75xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006093−0.246%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006103−0.082%$2K$24K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006089−0.311%$561$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006091−0.278%$417K$594K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006091−0.278%$2.2M$6.3M50xas long as short
Extended 1000SHIB-USDshort+0.0104%1h0.000006090−0.294%$54K$4K25x
Paradex kSHIB-USD-PERP+0.0114%8h0.000006109+0.013%$7K20xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−1.768%$1K100xas long as short
Backpack kSHIB_USDC_PERP+0.0215%1h0.000006095−0.213%$25K$6K15xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006092−0.262%$808K$944K50xas long as short
Kraken Futures PF_SHIBUSD+0.0257%1h0.000006096−0.189%$1.2M$822K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006088−0.326%$120xas long as short
Hyperliquid kSHIB+0.0673%1h0.000006105−0.049%$4.4M$4.0M10xas long as short