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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h +0.001%
Price spread now: SoDEX against Paradex−0.214%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: 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: SoDEX is 0.214% cheaper against Paradex than usual: you would sell low and buy high, −$21 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex kSHIB-USD-PERP0.0000059960.0101pay 0.0101% / 8h2h 44m$7K$1320x
ShortSoDEX 1000SHIB-USD0.0000059830.0100get 0.0013% / 1h44m 49s$494$5K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Paradex. 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
−$0.12
Price spread: −0.214% → 0.000%
−$21.38
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$33.51
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; SoDEX: 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 Paradex no order-book sample
Sell SoDEX no order-book sample
Paradex and SoDEX: 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−0.0596%1h0.000005979−0.287%$1.1M$1.0M50xas long as short
Coinbase International 1000SHIB-PERP-INTX−0.0128%1h0.000006001+0.086%$117K$1.5M50xas long as short
dYdX SHIB-USD0.0000%1h0.000005992−0.065%$23K$56K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000005989−0.112%$111K$3.2M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000005981−0.247%$46K$65K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000005984−0.200%$565150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.737%$248$134K5.5xas long as short
BingX 1000SHIB-USDT+0.0070%8h0.000005984−0.197%$2.3Mas long as short
Lighter 1000SHIB+0.0096%1h0.000005984−0.197%$157K$631K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000005983−0.220%$41K$336K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kSHIB+0.0100%1h0.000005993−0.047%$12K$5K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000005983−0.216%$30.3M$122.2M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000005988−0.130%$9.5M$41.5M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000005983−0.214%$7.1M$7.1M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005980−0.264%$28.6M$19.1M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000005981−0.247%$4.6M$3.1M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000005987−0.147%$11.3M$16.9M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000005981−0.247%$23K$7K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000005984−0.197%$6K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000005993−0.047%$2K$26K20xas long as short
SoDEX 1000SHIB-USDshort+0.0100%1h0.000005983−0.214%$494$5K10x
HTX SHIB-USDT+0.0100%8h0.000005985−0.180%$408K$581K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000005981−0.247%$2.1M$7.3M50xas long as short
Paradex kSHIB-USD-PERPlong+0.0101%8h0.000005996long leg$7K$1320x
Extended 1000SHIB-USD+0.0104%1h0.000005981−0.253%$53K$4K25xas long as short
Hyperliquid kSHIB+0.0138%1h0.000005989−0.114%$3.6M$5.3M10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000005000−16.609%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000005982−0.230%$908K$916K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005987−0.155%$120xas long as short