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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Orderly against SoDEX+0.017%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
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX 1000SHIB-USD0.0000060080.0100pay 0.0013% / 1h56m 44s$505$5K10x
ShortOrderly PERP_1000SHIB_USDC0.0000060090.0100get 0.0100% / 8h56m 44s$7K$4K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against SoDEX. 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: +0.017% → 0.000%
$1.66
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$12.34
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; Orderly: 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 SoDEX no order-book sample
Sell Orderly no order-book sample
SoDEX and Orderly: 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−0.0016%1h0.000006016+0.133%$117K$1.6M50xas long as short
dYdX SHIB-USD0.0000%1h0.000006008−0.003%$23K$56K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006008−0.007%$105K$3.2M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006009+0.017%$47K$58K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000006007−0.010%$567150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.533%$248$134K5.5xas long as short
BingX 1000SHIB-USDT+0.0070%8h0.000006001−0.117%$2.3Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006011+0.050%$156K$640K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006003−0.079%$41K$336K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006006−0.033%$12K$5K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000SHIBUSDT+0.0100%8h0.000006006−0.033%$30.0M$127.3M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006000−0.133%$9.1M$43.2M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006006−0.033%$7.0M$7.2M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006001−0.117%$27.9M$19.6M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006004−0.067%$4.6M$3.2M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006004−0.067%$11.3M$17.2M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006009+0.017%$23K$8K15xas long as short
Orderly PERP_1000SHIB_USDCshort+0.0100%8h0.000006009+0.017%$7K$4K20x
SunX SHIB-USDT+0.0100%8h0.000006021+0.216%$2K$27K20xas long as short
SoDEX 1000SHIB-USDlong+0.0100%1h0.000006008long leg$505$5K10x
HTX SHIB-USDT+0.0100%8h0.000006012+0.067%$410K$575K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006001−0.117%$2.1M$7.7M50xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006008−0.004%$53K$4K25xas long as short
Paradex kSHIB-USD-PERP+0.0105%8h0.000006004−0.066%$7K$1320xas long as short
Kraken Futures PF_SHIBUSD+0.0200%1h0.000006005−0.048%$1.1M$1.0M50xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0212% / S −0.2404%1h0.000006000−0.133%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006005−0.050%$860K$934K50xas long as short
Hyperliquid kSHIB+0.0287%1h0.000006016+0.133%$3.6M$5.4M10xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006004−0.058%$120xas long as short