After costs, if the gap returns to its 7d average, $10k−$83
spread now−0.017%7d average+0.032%fees + slippage, in and out−$78spread needed0.781%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000SHIB-USDT | 0.000005887 | 0.0070 | pay 0.0070% / 8h | 44m 27s | — | $2.2M | — |
| Short | Phemex u1000SHIBUSDT | 0.000005886 | 0.0100 | get 0.0100% / 8h | 44m 27s | $2.1M | $4.3M | 50x |
BingX 1000SHIB-USDT
Phemex u1000SHIBUSDTPrice 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
- −$1.7
- Funding while held
- $0.9
- Slippage, 4 orders
- −$56.07
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$78.87
- Spread needed to break even
- 0.781%
Slippage from BingX: live order book, 10 min ago; Phemex: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0030%
- Per $10,000 a day
- +$0.90
- 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 BingX live order book, 10 min ago | 1.69 bp | 8.4 bp −$8 | 16.3 bp −$163 | 68.3 bp −$6,830 | 151.1 bp −$75.5K |
| Sell Phemex live order book, 6 min ago | 15.20 bp | 22.5 bp −$23 | 55.2 bp −$552 | doesn't fit | doesn't fit |
SHIB price on every exchange
against the cheapest. Click to use as the short leg.GMX0.000005000cheapest
Injective0.000005767+15.340%HTX0.000005878+17.560%Deribit0.000005882+17.640%Reya0.000005884+17.679%OKX0.000005884+17.680%Gate0.000005884+17.680%Bitget0.000005884+17.680%SoDEX0.000005884+17.680%Backpack0.000005885+17.700%KuCoin0.000005885+17.700%MEXC0.000005886+17.720%
GMX
Injective
HTX
Deribit
Reya
OKX
Gate
Bitget
SoDEX
Backpack
KuCoin
MEXCPhemex0.000005886+17.720%
Kalshi0.000005886+17.728%Kraken Futures0.000005887+17.736%
Kraken FuturesBingX0.000005887+17.740%
BloFin0.000005887+17.740%Orderly0.000005888+17.760%Extended0.000005888+17.766%gTrade (Gains Network)0.000005889+17.772%Binance0.000005889+17.780%Aster0.000005890+17.804%SunX0.000005891+17.820%Hyperliquid0.000005892+17.840%dYdX0.000005895+17.909%Paradex0.000005896+17.915%Lighter0.000005896+17.920%Pacifica0.000005897+17.940%Coinbase International0.000005905+18.100%
BloFin
Orderly
Extended
gTrade (Gains Network)
Binance
Aster
SunX
Hyperliquid
dYdX
Paradex
Lighter
Pacifica
Coinbase InternationalSHIB 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] | −15.067% | L +0.0214% / S −0.2404% | 1h | $1K | — | 100x | as long as short |
| Injective SHIB/USDC PERP | −2.038% | +0.0306% | 1h | $236 | $110K | 5.5x | as long as short |
| HTX SHIB-USDT | −0.153% | +0.0100% | 8h | $399K | $783K | 75x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | −0.085% | 0.0000% | 1h | $37K | $62K | 25x | as long as short |
| Reya kSHIBRUSDPERP | −0.051% | +0.0323% | 1h | $1 | — | 20x | as long as short |
| OKX SHIB-USDT-SWAP | −0.051% | +0.0100% | 8h | $7.7M | $21.8M | 50x | as long as short |
| Gate SHIB_USDT | −0.051% | +0.0076% | 8h | $6.7M | $4.3M | 75x | as long as short |
| Bitget SHIBUSDT | −0.051% | +0.0100% | 8h | $11.2M | $9.7M | 75x | as long as short |
| SoDEX 1000SHIB-USD | −0.051% | +0.0100% | 1h | $519 | $5K | 10x | as long as short |
| Backpack kSHIB_USDC_PERP | −0.034% | +0.0100% | 1h | $27K | $4K | 15x | as long as short |