SHIB

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After costs, if the gap returns to its 7d average, $10k−$48

spread now−0.153%7d average0.000%fees + slippage, in and out−$33spread needed0.330%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SHIBUSDT	0.000005894	0.0100	pay 0.0100% / 8h	52m 22s	$11.2M	$9.6M	75x
Short	Lighter 1000SHIB	0.000005885	0.0096	get 0.0012% / 1h	52m 22s	$158K	$209K	10x

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 LighterbpOrdersClose when spread is

Slippage from Bitget: live order book, 3 min ago; Lighter: live order book, 53 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, 3 min ago	1.69 bp	10.4 bp −$10	22.5 bp −$225	doesn't fit	doesn't fit
Sell Lighter live order book, 53 min ago	1.75 bp	7.2 bp −$7	54.8 bp −$548	doesn't fit	doesn't fit

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]	−15.168%	L +0.0215% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−2.155%	+0.0306%	1h	$236	$110K	5.5x	as long as short
Kalshi KXKSHIBPERP	−0.353%	0.0000%	8h	$294K	$971K	2x	as long as short
BloFin SHIB-USDT	−0.305%	+0.0220%	8h	$704K	$826K	50x	as long as short
Phemex u1000SHIBUSDT	−0.238%	+0.0100%	8h	$2.1M	$4.3M	50x	as long as short
Backpack kSHIB_USDC_PERP	−0.170%	+0.0142%	1h	$27K	$3K	15x	as long as short
Lighter 1000SHIBshort	−0.153%	+0.0096%	1h	$158K	$209K	10x
HTX SHIB-USDT	−0.136%	+0.0100%	8h	$400K	$776K	75x	as long as short
dYdX SHIB-USD	−0.118%	0.0000%	1h	$34K	$54K	10x	as long as short
Pacifica kSHIB	−0.102%	+0.0100%	1h	$12K	$3K	10x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
BingX 1000SHIB-USDC	−0.102%	+0.0080%	8h	—	$1.6M	—	as long as short
Extended 1000SHIB-USD	−0.084%	+0.0104%	1h	$52K	$6K	25x	as long as short
OKX SHIB-USDT-SWAP	−0.068%	+0.0100%	8h	$7.7M	$21.3M	50x	as long as short
Gate SHIB_USDT	−0.068%	+0.0067%	8h	$6.6M	$4.2M	75x	as long as short
gTrade (Gains Network) SHIB/USD	−0.044%	L +0.0007% / S −0.0008%	1h	$1K	—	150x	as long as short
Binance 1000SHIBUSDT	−0.034%	+0.0100%	8h	$28.6M	$61.2M	75x	as long as short
Orderly PERP_1000SHIB_USDC	−0.034%	+0.0100%	8h	$6K	$1K	20x	as long as short
Reya kSHIBRUSDPERP	−0.013%	+0.0323%	1h	$1	—	20x	as long as short
Paradex kSHIB-USD-PERP	−0.008%	+0.0098%	8h	$7K	—	20x	as long as short
MEXC SHIB_USDT	0.000%	+0.0100%	8h	$20.1M	$8.3M	300x	as long as short
Bitget SHIBUSDTlong	0.000%	+0.0100%	8h	$11.2M	$9.6M	75x
KuCoin SHIBUSDTM	+0.017%	+0.0100%	8h	$4.9M	$2.1M	75x	as long as short
SoDEX 1000SHIB-USD	+0.017%	+0.0100%	1h	$521	$5K	10x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.034%	0.0000%	1h	$37K	$62K	25x	as long as short
Kraken Futures PF_SHIBUSD	+0.042%	+0.0358%	1h	$1.1M	$662K	50x	as long as short
Aster 1000SHIBUSDT	+0.051%	+0.0100%	8h	$47K	$164K	50x	as long as short
SunX SHIB-USDT	+0.136%	+0.0100%	8h	$2K	$18K	20x	as long as short
Hyperliquid kSHIB	+0.204%	+0.0293%	1h	$3.5M	$2.2M	10x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.238%	−0.0008%	1h	$93K	$915K	50x	as long as short