SHIB

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After costs, if the gap returns to its 7d average, $10k−$22

spread now+0.131%7d average+0.031%fees + slippage, in and out−$32spread needed0.315%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000SHIB-USDT	0.000005977	0.0070	pay 0.0070% / 8h	8m 26s	—	$2.2M	—
Short	Binance 1000SHIBUSDT	0.000005985	0.0100	get 0.0100% / 8h	8m 26s	$28.7M	$71.2M	75x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee BingXbpFee BinancebpOrdersClose when spread is

Slippage from BingX: live order book, 1 min ago; Binance: live order book, 6 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 1 min ago	1.67 bp	7.6 bp −$8	15.2 bp −$152	54.3 bp −$5,431	123.5 bp −$61.7K
Sell Binance live order book, 6 min ago	0.84 bp	6.7 bp −$7	15.7 bp −$157	59.7 bp −$5,967	169.5 bp −$84.8K

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
GMX SHIB/USD [ETH-USDC]	−16.346%	L +0.0214% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−3.513%	+0.0306%	1h	$236	$110K	5.5x	as long as short
Coinbase International 1000SHIB-PERP-INTX	−0.117%	−0.0008%	1h	$95K	$829K	50x	as long as short
Kalshi KXKSHIBPERP	−0.054%	0.0000%	8h	$254K	$1.2M	2x	as long as short
Gate SHIB_USDT	−0.050%	+0.0041%	8h	$6.7M	$4.8M	75x	as long as short
HTX SHIB-USDT	−0.050%	+0.0100%	8h	$411K	$809K	75x	as long as short
Reya kSHIBRUSDPERP	−0.021%	+0.0323%	1h	$1	—	20x	as long as short
Extended 1000SHIB-USD	−0.007%	+0.0104%	1h	$53K	$6K	25x	as long as short
OKX SHIB-USDT-SWAP	0.000%	+0.0100%	8h	$7.9M	$24.0M	50x	as long as short
BingX 1000SHIB-USDTlong	0.000%	+0.0070%	8h	—	$2.2M	—

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin SHIBUSDTM	+0.017%	+0.0100%	8h	$5.0M	$2.3M	75x	as long as short
Lighter 1000SHIB	+0.033%	+0.0096%	1h	$157K	$309K	10x	as long as short
Backpack kSHIB_USDC_PERP	+0.033%	+0.0100%	1h	$27K	$4K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.033%	+0.0100%	8h	$6K	$1K	20x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.033%	0.0000%	1h	$37K	$59K	25x	as long as short
gTrade (Gains Network) SHIB/USD	+0.038%	L +0.0006% / S −0.0001%	1h	$727	—	150x	as long as short
Aster 1000SHIBUSDT	+0.039%	+0.0100%	8h	$44K	$175K	50x	as long as short
dYdX SHIB-USD	+0.045%	+0.2987%	1h	$23K	$66K	10x	as long as short
Pacifica kSHIB	+0.050%	+0.0100%	1h	$11K	$4K	10x	as long as short
MEXC SHIB_USDT	+0.050%	+0.0100%	8h	$31.2M	$12.8M	300x	as long as short
Bitget SHIBUSDT	+0.050%	+0.0100%	8h	$11.7M	$10.5M	75x	as long as short
SoDEX 1000SHIB-USD	+0.050%	+0.0100%	1h	$540	$5K	10x	as long as short
Phemex u1000SHIBUSDT	+0.050%	+0.0100%	8h	$2.1M	$4.4M	50x	as long as short
BloFin SHIB-USDT	+0.050%	+0.0220%	8h	$744K	$880K	50x	as long as short
Kraken Futures PF_SHIBUSD	+0.080%	+0.0352%	1h	$1.1M	$739K	50x	as long as short
Paradex kSHIB-USD-PERP	+0.124%	+0.0095%	8h	$7K	—	20x	as long as short
Binance 1000SHIBUSDTshort	+0.131%	+0.0100%	8h	$28.7M	$71.2M	75x
Hyperliquid kSHIB	+0.184%	+0.0198%	1h	$3.6M	$2.4M	10x	as long as short
SunX SHIB-USDT	+0.184%	+0.0100%	8h	$2K	$21K	20x	as long as short