data as of
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Price arb /

SHIB

all SHIB markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)−0.455%
7d average—if it closes, per $10,000$45funding while held, a day−$3.24
Long on BackpackShort on Coinbase International
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack kSHIB_USDC_PERP0.0000059400.0100pay 0.0013% / 1h12m 46s$27K$4K15x
ShortCoinbase International 1000SHIB-PERP-INTX0.000005913−0.0008pay 0.0001% / 1h12m 46s$95K$820K50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$45.45
Funding while held
−$3.24
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$68.69
Spread needed to break even
0.200%
Slippage unknown: Backpack: no order-book sample; Coinbase International: live order book, 17 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0108%
Per $10,000 a day
−$3.24
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack no order-book sample—————
Sell Coinbase International live order book, 17 min ago8.54 bp13.5 bp −$1419.2 bp −$192doesn't fitdoesn't fit
Backpack: 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 price on every exchange

against the cheapest. Click to use as the short leg.
GMX0.000005000cheapest
Injective0.000005767+15.340%
Coinbase International0.000005913+18.260%
Gate0.000005940+18.800%
Backpack0.000005940+18.800%
Phemex0.000005940+18.800%OKX0.000005941+18.820%BloFin0.000005941+18.820%Lighter0.000005942+18.840%BingX0.000005942+18.840%Orderly0.000005942+18.840%HTX0.000005942+18.840%MEXC0.000005945+18.900%KuCoin0.000005945+18.900%Bitget0.000005945+18.900%SoDEX0.000005945+18.900%Deribit0.000005945+18.900%Kraken Futures0.000005945+18.908%Extended0.000005946+18.914%Reya0.000005946+18.918%gTrade (Gains Network)0.000005947+18.938%Binance0.000005947+18.940%Aster0.000005947+18.945%SunX0.000005949+18.980%dYdX0.000005950+18.994%Paradex0.000005951+19.019%Hyperliquid0.000005951+19.020%Pacifica0.000005951+19.020%Kalshi0.000005953+19.068%

SHIB on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
GMX SHIB/USD [ETH-USDC]−15.825%L +0.0214% / S −0.2404%1h$1K—100xas long as short
Injective SHIB/USDC PERP−2.912%+0.0306%1h$236$110K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTXshort−0.455%−0.0008%1h$95K$820K50x
Gate SHIB_USDT0.000%+0.0038%8h$6.7M$4.7M75xas long as short
Backpack kSHIB_USDC_PERPlong0.000%+0.0100%1h$27K$4K15x
Phemex u1000SHIBUSDT0.000%+0.0100%8h$2.0M$4.4M50xas long as short
OKX SHIB-USDT-SWAP+0.017%+0.0100%8h$7.7M$23.6M50xas long as short
BloFin SHIB-USDT+0.017%+0.0220%8h$731K$863K50xas long as short
Lighter 1000SHIB+0.034%+0.0096%1h$156K$308K10xas long as short
BingX 1000SHIB-USDT+0.034%+0.0070%8h—$2.2M—as long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_1000SHIB_USDC+0.034%+0.0100%8h$6K$1K20xas long as short
HTX SHIB-USDT+0.034%+0.0100%8h$409K$808K75xas long as short
MEXC SHIB_USDT+0.084%+0.0100%8h$31.1M$12.7M300xas long as short
KuCoin SHIBUSDTM+0.084%+0.0100%8h$5.0M$2.3M75xas long as short
Bitget SHIBUSDT+0.084%+0.0100%8h$11.6M$10.4M75xas long as short
SoDEX 1000SHIB-USD+0.084%+0.0100%1h$530$5K10xas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.084%0.0000%1h$37K$59K25xas long as short
Kraken Futures PF_SHIBUSD+0.091%+0.0355%1h$1.1M$738K50xas long as short
Extended 1000SHIB-USD+0.096%+0.0104%1h$53K$6K25xas long as short
Reya kSHIBRUSDPERP+0.099%+0.0323%1h$1—20xas long as short
gTrade (Gains Network) SHIB/USD+0.116%L +0.0006% / S −0.0001%1h$723—150xas long as short
Binance 1000SHIBUSDT+0.118%+0.0100%8h$28.5M$70.5M75xas long as short
Aster 1000SHIBUSDT+0.122%+0.0100%8h$44K$173K50xas long as short
SunX SHIB-USDT+0.152%+0.0100%8h$2K$21K20xas long as short
dYdX SHIB-USD+0.163%+0.3312%1h$23K$66K10xas long as short
Paradex kSHIB-USD-PERP+0.184%+0.0095%8h$7K—20xas long as short
Hyperliquid kSHIB+0.185%+0.0197%1h$3.6M$2.4M10xas long as short
Pacifica kSHIB+0.185%+0.0100%1h$11K$4K10xas long as short
Kalshi KXKSHIBPERP+0.226%0.0000%8h$249K$1.2M2xas long as short