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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.04 per $10,000 · paid last 24h −0.001%
Price spread now: Paradex against SunX−0.099%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 4 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: Paradex is 0.099% cheaper against SunX than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SHIB-USDT0.0000060240.0100pay 0.0100% / 8h1h 18m$2K$27K20x
ShortParadex kSHIB-USD-PERP0.0000060180.0104get 0.0104% / 8h1h 18m$7K$1320x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
$0.83
Price spread: −0.099% → 0.000%
−$9.89
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$21.06
Costs to cover
0.120%
Break-even
183.8 days
Slippage unknown: SunX: no order-book sample; Paradex: 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 Paradex no order-book sample
SunX and Paradex: 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−0.0374%1h0.000006013−0.175%$1.2M$1.1M50xas long as short
Coinbase International 1000SHIB-PERP-INTX−0.0088%1h0.000006016−0.133%$117K$1.6M50xas long as short
dYdX SHIB-USD0.0000%1h0.000006010−0.232%$23K$56K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006013−0.181%$106K$3.3M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006011−0.216%$47K$65K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000006015−0.156%$568150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.266%$248$134K5.5xas long as short
BingX 1000SHIB-USDT+0.0058%8h0.000006012−0.199%$2.3Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006016−0.133%$156K$641K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006011−0.216%$41K$336K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kSHIB+0.0100%1h0.000006014−0.166%$12K$5K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006014−0.171%$30.1M$128.4M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006012−0.199%$9.2M$43.3M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006009−0.249%$7.1M$7.4M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006011−0.216%$27.9M$19.7M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006010−0.232%$4.7M$3.2M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006011−0.216%$11.3M$17.2M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006015−0.149%$23K$8K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006011−0.216%$7K$4K20xas long as short
SunX SHIB-USDTlong+0.0100%8h0.000006024long leg$2K$27K20x
SoDEX 1000SHIB-USD+0.0100%1h0.000006012−0.199%$512$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006013−0.183%$410K$575K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006012−0.199%$2.1M$7.7M50xas long as short
Paradex kSHIB-USD-PERPshort+0.0104%8h0.000006018−0.099%$7K$1320x
Extended 1000SHIB-USD+0.0104%1h0.000006011−0.224%$53K$4K25xas long as short
Hyperliquid kSHIB+0.0178%1h0.000006022−0.033%$3.6M$5.4M10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0212% / S −0.2404%1h0.000006000−0.398%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006013−0.183%$862K$934K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006010−0.232%$120xas long as short