Spread before costs (cost unknown: a leg has no order-book sample)−0.078%
7d average—if it closes, per $10,000$8funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack kSHIB_USDC_PERP | 0.000005924 | 0.0100 | pay 0.0013% / 1h | 3m 35s | $27K | $4K | 15x |
| Short | Kalshi KXKSHIBPERP | 0.000005919 | 0 | get 0.0000% / 8h | 3h 03m | $115K | $1.6M | 2x |
Backpack kSHIB_USDC_PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$7.77
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$30.77
- Spread needed to break even
- 0.200%
Slippage unknown: Backpack: no order-book sample; Kalshi: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 1 min ago | 6.76 bp | 14.9 bp −$15 | 20.6 bp −$206 | doesn't fit | doesn'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 International0.000005889+17.780%BloFin0.000005910+18.200%OKX0.000005914+18.280%HTX0.000005916+18.320%Orderly0.000005916+18.320%Binance0.000005917+18.340%Deribit0.000005918+18.360%gTrade (Gains Network)0.000005919+18.374%SoDEX0.000005919+18.380%Reya0.000005919+18.383%Bitget0.000005920+18.400%Phemex0.000005920+18.400%Extended0.000005921+18.415%Gate0.000005922+18.440%Lighter0.000005923+18.460%dYdX0.000005924+18.473%
GMX
Injective
Coinbase International
BloFin
OKX
HTX
Orderly
Binance
Deribit
gTrade (Gains Network)
SoDEX
Reya
Bitget
Phemex
Extended
Gate
Lighter
dYdXBackpack0.000005924+18.480%
KuCoin0.000005924+18.480%Paradex0.000005925+18.492%MEXC0.000005925+18.500%BingX0.000005925+18.500%Kraken Futures0.000005925+18.501%Hyperliquid0.000005926+18.520%Pacifica0.000005926+18.520%Aster0.000005927+18.540%SunX0.000005927+18.540%
KuCoin
Paradex
MEXC
BingX
Kraken Futures
Hyperliquid
Pacifica
Aster
SunXSHIB on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX SHIB/USD [ETH-USDC] | −15.598% | L +0.0213% / S −0.2404% | 1h | $1K | — | 100x | as long as short |
| Injective SHIB/USDC PERP | −2.650% | +0.0033% | 1h | $236 | $90K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.591% | −0.0072% | 1h | $95K | $783K | 50x | as long as short |
| BloFin SHIB-USDT | −0.236% | +0.0220% | 8h | $744K | $912K | 50x | as long as short |
| OKX SHIB-USDT-SWAP | −0.169% | +0.0100% | 8h | $7.7M | $26.4M | 50x | as long as short |
| HTX SHIB-USDT | −0.135% | +0.0100% | 8h | $396K | $719K | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | −0.135% | +0.0100% | 8h | $6K | $1K | 20x | as long as short |
| Binance 1000SHIBUSDT | −0.118% | +0.0100% | 8h | $28.8M | $79.5M | 75x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | −0.101% | +0.0088% | 1h | $42K | $64K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | −0.089% | L +0.0006% / S −0.0006% | 1h | $15K | — | 150x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX 1000SHIB-USD | −0.084% | +0.0100% | 1h | $554 | $5K | 10x | as long as short |
| Reya kSHIBRUSDPERP | −0.082% | +0.0323% | 1h | $1 | — | 20x | as long as short |
| Kalshi KXKSHIBPERPshort | −0.078% | 0.0000% | 8h | $115K | $1.6M | 2x | |
| Bitget SHIBUSDT | −0.068% | +0.0100% | 8h | $11.3M | $11.7M | 75x | as long as short |
| Phemex u1000SHIBUSDT | −0.068% | +0.0100% | 8h | $2.1M | $4.6M | 50x | as long as short |
| Extended 1000SHIB-USD | −0.055% | +0.0104% | 1h | $52K | $6K | 25x | as long as short |
| Gate SHIB_USDT | −0.034% | +0.0100% | 8h | $6.7M | $5.2M | 75x | as long as short |
| Lighter 1000SHIB | −0.017% | +0.0096% | 1h | $153K | $311K | 10x | as long as short |
| dYdX SHIB-USD | −0.006% | +0.6746% | 1h | $23K | $66K | 10x | as long as short |
| Backpack kSHIB_USDC_PERPlong | 0.000% | +0.0100% | 1h | $27K | $4K | 15x | |
| KuCoin SHIBUSDTM | 0.000% | +0.0100% | 8h | $4.7M | $2.4M | 75x | as long as short |
| Paradex kSHIB-USD-PERP | +0.010% | +0.0098% | 8h | $7K | — | 20x | as long as short |
| MEXC SHIB_USDT | +0.017% | +0.0100% | 8h | $32.6M | $14.5M | 300x | as long as short |
| BingX 1000SHIB-USDT | +0.017% | +0.0070% | 8h | — | $2.2M | — | as long as short |
| Kraken Futures PF_SHIBUSD | +0.018% | −0.0327% | 1h | $1.1M | $775K | 50x | as long as short |
| Hyperliquid kSHIB | +0.034% | +0.0500% | 1h | $4.3M | $3.7M | 10x | as long as short |
| Pacifica kSHIB | +0.034% | +0.0100% | 1h | $11K | $4K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.050% | +0.0100% | 8h | $40K | $183K | 50x | as long as short |
| SunX SHIB-USDT | +0.051% | +0.0100% | 8h | $2K | $22K | 20x | as long as short |