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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.029%
Price spread now: gTrade (Gains Network) against SunX−0.272%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 feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.272% cheaper against SunX than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SHIB-USDT0.0000060660.0100pay 0.0100% / 8h2h 06m$2K$27K20x
ShortgTrade (Gains Network) SHIB/USD0.000006050L +0.0006% / S 0.0000%pay 0.0000% / 1h6m 23s$571150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against SunX. 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
−$21.08
Price spread: −0.272% → 0.000%
−$27.2
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$66.28
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SunX: no order-book sample; gTrade (Gains Network): 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 SunX no order-book sample
Sell gTrade (Gains Network) no order-book sample
SunX and gTrade (Gains Network): 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−0.0589%1h0.000006051−0.245%$1.1M$1.0M50xas long as short
Coinbase International 1000SHIB-PERP-INTX−0.0128%1h0.000006050−0.264%$123K$1.6M50xas long as short
dYdX SHIB-USD0.0000%1h0.000006053−0.216%$24K$56K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006068+0.033%$115K$3.2M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006054−0.198%$47K$65K25xas long as short
gTrade (Gains Network) SHIB/USDshortL +0.0006% / S 0.0000%1h0.000006050−0.272%$571150x
Injective SHIB/USDC PERP+0.0033%1h0.000006040−0.429%$248$134K5.5xas long as short
BingX 1000SHIB-USDC+0.0070%8h0.000006049−0.280%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006053−0.214%$159K$637K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006051−0.239%$41K$336K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kSHIB+0.0100%1h0.000006057−0.148%$12K$5K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006051−0.247%$30.5M$125.3M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006047−0.313%$9.3M$43.2M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006048−0.297%$7.1M$7.4M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006048−0.297%$28.7M$19.4M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006049−0.280%$4.7M$3.2M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006050−0.264%$11.4M$17.2M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006061−0.082%$23K$7K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006051−0.247%$7K$4K20xas long as short
SunX SHIB-USDTlong+0.0100%8h0.000006066long leg$2K$27K20x
SoDEX 1000SHIB-USD+0.0100%1h0.000006052−0.231%$514$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006061−0.082%$413K$572K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006065−0.016%$2.1M$7.5M50xas long as short
Paradex kSHIB-USD-PERP+0.0102%8h0.000006056−0.167%$7K$1320xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006049−0.275%$54K$4K25xas long as short
Hyperliquid kSHIB+0.0177%1h0.000006057−0.148%$3.6M$5.3M10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0212% / S −0.2404%1h0.000006000−1.088%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006059−0.115%$862K$935K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006047−0.321%$120xas long as short