SHIB

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After costs, if the gap returns to its 7d average, $10k−$25

spread now+0.222%7d average−0.039%fees + slippage, in and out−$51spread needed0.515%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SHIBUSDT	0.000005864	0.0100	pay 0.0100% / 8h	7h 25m	$11.2M	$11.7M	75x
Short	BingX 1000SHIB-USDC	0.000005877	0.0080	get 0.0080% / 8h	7h 25m	—	$1.6M	—

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 BitgetbpFee BingXbpOrdersClose when spread is

Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 13 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 5 min ago	1.69 bp	10.6 bp −$11	22.7 bp −$227	90.6 bp −$9,056	doesn't fit
Sell BingX live order book, 13 min ago	2.53 bp	14.8 bp −$15	45.4 bp −$454	225.2 bp −$22.5K	834.7 bp −$417.4K

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]	−14.734%	L +0.0213% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−1.654%	+0.0033%	1h	$236	$90K	5.5x	as long as short
OKX SHIB-USDT-SWAP	−0.102%	+0.0100%	8h	$7.8M	$26.2M	50x	as long as short
MEXC SHIB_USDT	−0.051%	+0.0100%	8h	$32.3M	$14.2M	300x	as long as short
Bitget SHIBUSDTlong	0.000%	+0.0100%	8h	$11.2M	$11.7M	75x
Binance 1000SHIBUSDT	+0.137%	+0.0100%	8h	$28.4M	$79.8M	75x	as long as short
Gate SHIB_USDT	+0.153%	+0.0004%	8h	$6.6M	$5.0M	75x	as long as short
Phemex u1000SHIBUSDT	+0.171%	+0.0371%	8h	$2.1M	$4.7M	50x	as long as short
Lighter 1000SHIB	+0.188%	+0.0096%	1h	$151K	$306K	10x	as long as short
KuCoin SHIBUSDTM	+0.188%	+0.0100%	8h	$4.7M	$2.5M	75x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_1000SHIB_USDC	+0.205%	+0.0100%	8h	$6K	$1K	20x	as long as short
SoDEX 1000SHIB-USD	+0.205%	+0.0100%	1h	$550	$5K	10x	as long as short
HTX SHIB-USDT	+0.205%	+0.0100%	8h	$393K	$793K	75x	as long as short
BloFin SHIB-USDT	+0.205%	+0.0220%	8h	$751K	$919K	50x	as long as short
Extended 1000SHIB-USD	+0.206%	+0.0104%	1h	$52K	$6K	25x	as long as short
Reya kSHIBRUSDPERP	+0.217%	+0.0323%	1h	$1	—	20x	as long as short
BingX 1000SHIB-USDCshort	+0.222%	+0.0080%	8h	—	$1.6M	—
Deribit 1000SHIB_USDC-PERPETUAL	+0.222%	0.0000%	1h	$37K	$59K	25x	as long as short
gTrade (Gains Network) SHIB/USD	+0.259%	L +0.0006% / S −0.0006%	1h	$15K	—	150x	as long as short
Kraken Futures PF_SHIBUSD	+0.271%	−0.0330%	1h	$1.1M	$778K	50x	as long as short
Aster 1000SHIBUSDT	+0.284%	+0.0100%	8h	$39K	$183K	50x	as long as short
Kalshi KXKSHIBPERP	+0.372%	0.0000%	8h	$101K	$1.5M	2x	as long as short
Paradex kSHIB-USD-PERP	+0.372%	+0.0097%	8h	$7K	—	20x	as long as short
Hyperliquid kSHIB	+0.392%	+0.0393%	1h	$4.2M	$3.6M	10x	as long as short
Pacifica kSHIB	+0.392%	+0.0100%	1h	$11K	$4K	10x	as long as short
dYdX SHIB-USD	+0.393%	+0.6805%	1h	$23K	$66K	10x	as long as short
SunX SHIB-USDT	+0.409%	+0.0100%	8h	$2K	$22K	20x	as long as short
Backpack kSHIB_USDC_PERP	+0.546%	+0.0100%	1h	$27K	$5K	15x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.614%	−0.0072%	1h	$96K	$864K	50x	as long as short