SHIB

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

spread now−0.100%7d average−0.010%fees + slippage, in and out−$39spread needed0.388%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SHIBUSDT	0.000006006	0.0100	pay 0.0100% / 8h	4m 05s	$11.7M	$10.6M	75x
Short	OKX SHIB-USDT-SWAP	0.000006000	0.0100	get 0.0100% / 8h	4m 05s	$7.9M	$24.2M	50x

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 OKXbpOrdersClose when spread is

Slippage from Bitget: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago	0.83 bp	9.8 bp −$10	18.4 bp −$184	85.9 bp −$8,594	doesn't fit
Sell OKX live order book, 1 min ago	0.83 bp	8.1 bp −$8	24.4 bp −$244	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]	−16.750%	L +0.0214% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−3.979%	+0.0306%	1h	$236	$110K	5.5x	as long as short
dYdX SHIB-USD	−0.333%	+0.2770%	1h	$23K	$66K	10x	as long as short
Paradex kSHIB-USD-PERP	−0.308%	+0.0096%	8h	$7K	—	20x	as long as short
Pacifica kSHIB	−0.300%	+0.0100%	1h	$11K	$4K	10x	as long as short
Reya kSHIBRUSDPERP	−0.263%	+0.0323%	1h	$1	—	20x	as long as short
Coinbase International 1000SHIB-PERP-INTX	−0.200%	−0.0008%	1h	$95K	$842K	50x	as long as short
Kalshi KXKSHIBPERP	−0.163%	0.0000%	8h	$256K	$1.2M	2x	as long as short
Gate SHIB_USDT	−0.117%	+0.0031%	8h	$6.8M	$4.8M	75x	as long as short
BloFin SHIB-USDT	−0.117%	+0.0220%	8h	$742K	$887K	50x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) SHIB/USD	−0.103%	L +0.0006% / S −0.0001%	1h	$729	—	150x	as long as short
OKX SHIB-USDT-SWAPshort	−0.100%	+0.0100%	8h	$7.9M	$24.2M	50x
KuCoin SHIBUSDTM	−0.100%	+0.0100%	8h	$5.1M	$2.3M	75x	as long as short
HTX SHIB-USDT	−0.100%	+0.0100%	8h	$407K	$808K	75x	as long as short
Binance 1000SHIBUSDT	−0.083%	+0.0100%	8h	$28.9M	$71.9M	75x	as long as short
Orderly PERP_1000SHIB_USDC	−0.083%	+0.0100%	8h	$6K	$1K	20x	as long as short
Aster 1000SHIBUSDT	−0.081%	+0.0100%	8h	$44K	$175K	50x	as long as short
Extended 1000SHIB-USD	−0.067%	+0.0104%	1h	$53K	$6K	25x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	−0.067%	+0.0083%	1h	$37K	$59K	25x	as long as short
Lighter 1000SHIB	−0.050%	+0.0096%	1h	$156K	$311K	10x	as long as short
SoDEX 1000SHIB-USD	−0.050%	+0.0100%	1h	$545	$5K	10x	as long as short
BingX 1000SHIB-USDT	−0.033%	+0.0070%	8h	—	$2.2M	—	as long as short
Kraken Futures PF_SHIBUSD	−0.026%	+0.0351%	1h	$1.1M	$741K	50x	as long as short
Backpack kSHIB_USDC_PERP	−0.017%	+0.0100%	1h	$27K	$4K	15x	as long as short
MEXC SHIB_USDT	0.000%	+0.0100%	8h	$31.2M	$12.9M	300x	as long as short
Bitget SHIBUSDTlong	0.000%	+0.0100%	8h	$11.7M	$10.6M	75x
Phemex u1000SHIBUSDT	0.000%	+0.0100%	8h	$2.1M	$4.5M	50x	as long as short
Hyperliquid kSHIB	+0.067%	+0.0197%	1h	$3.6M	$2.5M	10x	as long as short
SunX SHIB-USDT	+0.067%	+0.0100%	8h	$2K	$21K	20x	as long as short