Spread before costs (cost unknown: a leg has no order-book sample)+0.143%
7d average—if it closes, per $10,000$14funding while held, a day+$4.58
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance 1000SHIBUSDT | 0.000005962 | 0.0100 | pay 0.0100% / 8h | 6h 21m | $28.9M | $79.3M | 75x |
| Short | Deribit 1000SHIB_USDC-PERPETUAL | 0.000005971 | 0.0253 | get 0.0032% / 1h | 21m 41s | $42K | $64K | 25x |
Binance 1000SHIBUSDT
Deribit 1000SHIB_USDC-PERPETUALPrice 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
- $14.34
- Funding while held
- $4.58
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $1.92
- Spread needed to break even
- 0.170%
Slippage unknown: Binance: live order book, 7 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0153%
- Per $10,000 a day
- +$4.58
- 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 Binance live order book, 7 min ago | 0.84 bp | 9.2 bp −$9 | 19.3 bp −$193 | 70.4 bp −$7,040 | 193.3 bp −$96.7K |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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%Gate0.000005960+19.200%OKX0.000005961+19.220%MEXC0.000005961+19.220%KuCoin0.000005961+19.220%Extended0.000005961+19.227%Lighter0.000005962+19.240%BingX0.000005962+19.240%
GMX
Injective
Gate
OKX
MEXC
KuCoin
Extended
Lighter
BingXBinance0.000005962+19.249%
Pacifica0.000005963+19.260%Bitget0.000005963+19.260%dYdX0.000005966+19.322%Paradex0.000005968+19.354%Aster0.000005968+19.362%Kalshi0.000005969+19.372%Backpack0.000005969+19.380%Coinbase International0.000005969+19.380%SoDEX0.000005970+19.400%Phemex0.000005970+19.400%
Pacifica
Bitget
dYdX
Paradex
Aster
Backpack
Coinbase International
SoDEX
PhemexDeribit0.000005971+19.420%
HTX0.000005971+19.420%BloFin0.000005971+19.420%Reya0.000005972+19.439%Kraken Futures0.000005973+19.459%Hyperliquid0.000005973+19.460%gTrade (Gains Network)0.000005974+19.472%Orderly0.000005975+19.500%SunX0.000005984+19.680%
HTX
BloFin
Reya
Kraken Futures
Hyperliquid
gTrade (Gains Network)
Orderly
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] | −16.142% | L +0.0214% / S −0.2404% | 1h | $1K | — | 100x | as long as short |
| Injective SHIB/USDC PERP | −3.278% | +0.0033% | 1h | $236 | $53K | 5.5x | as long as short |
| Gate SHIB_USDT | −0.041% | +0.0100% | 8h | $6.7M | $5.1M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | −0.024% | +0.0100% | 8h | $7.8M | $26.3M | 50x | as long as short |
| MEXC SHIB_USDT | −0.024% | +0.0100% | 8h | $33.6M | $14.7M | 300x | as long as short |
| KuCoin SHIBUSDTM | −0.024% | +0.0100% | 8h | $4.7M | $2.3M | 75x | as long as short |
| Extended 1000SHIB-USD | −0.018% | +0.0104% | 1h | $53K | $4K | 25x | as long as short |
| Lighter 1000SHIB | −0.008% | +0.0096% | 1h | $152K | $305K | 10x | as long as short |
| BingX 1000SHIB-USDT | −0.008% | +0.0011% | 8h | — | $2.1M | — | as long as short |
| Binance 1000SHIBUSDTlong | 0.000% | +0.0100% | 8h | $28.9M | $79.3M | 75x |