Settings8H · net · $10k
Funding arb · Price arb /

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Bitget−0.010%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SHIBUSDT0.0000059830.0100pay 0.0100% / 8h6h 45m$11.2M$14.3M75x
ShortgTrade (Gains Network) SHIB/USD0.000005982L +0.0006% / S −0.0001%get 0.0000% / 1h45m 30s$728150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$20.7
Price spread: −0.010% → 0.000%
−$1
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$43.7
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago2.50 bp10.7 bp −$1124.5 bp −$24575.5 bp −$7,552doesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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 on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX SHIB-USD0.0000%1h0.000005981−0.037%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000005992+0.147%$190K$2.3M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000005987+0.067%$46K$65K25xas long as short
gTrade (Gains Network) SHIB/USDshortL +0.0006% / S −0.0001%1h0.000005982−0.010%$728150x
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.953%$248$134K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0072%1h0.000006019+0.602%$156K$987K50xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.0000059830.000%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000005986+0.050%$236K$470K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000005981−0.039%$39K$183K50xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000005986+0.050%$29.3M$101.0M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000005985+0.033%$9.0M$35.4M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000005980−0.050%$6.9M$5.6M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005984+0.017%$30.7M$17.3M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.0000059830.000%$4.9M$2.7M75xas long as short
Bitget SHIBUSDTlong+0.0100%8h0.000005983long leg$11.2M$14.3M75x
Backpack kSHIB_USDC_PERP+0.0100%1h0.000005986+0.050%$23K$7K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000005985+0.033%$6K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000005999+0.267%$2K$24K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000005987+0.067%$532$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000005988+0.084%$411K$604K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000005984+0.017%$2.1M$6.5M50xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000005981−0.039%$53K$4K25xas long as short
Paradex kSHIB-USD-PERP+0.0127%8h0.000005988+0.077%$7K$1320xas long as short
Pacifica kSHIB+0.0183%1h0.000005982−0.017%$12K$4K10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000005000−16.430%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006010+0.451%$871K$935K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005982−0.011%$120xas long as short
Hyperliquid kSHIB+0.0384%1h0.000005987+0.067%$3.8M$4.6M10xas long as short
Kraken Futures PF_SHIBUSD+0.0761%1h0.000005983+0.006%$1.1M$855K50xas long as short