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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.02 per $10,000 · paid last 24h 0.000%
Price spread now: Paradex against Bitget+0.046%7-day average · you sell dearer than you buy
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.046% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SHIBUSDT0.0000060250.0100pay 0.0100% / 8h5h 53m$11.4M$17.5M75x
ShortParadex kSHIB-USD-PERP0.0000060280.0102get 0.0102% / 8h5h 53m$7K$1320x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
$0.33
Price spread: +0.046% → 0.000%
$4.56
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$11.11
Costs to cover
0.160%
Break-even
245.3 days
Slippage unknown: Bitget: live order book, 3 min ago; Paradex: 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 ago0.83 bp10.0 bp −$1018.0 bp −$18063.3 bp −$6,328doesn't fit
Sell Paradex no order-book sample
Paradex: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000SHIB-PERP-INTX−0.0056%1h0.000006068+0.714%$131K$1.7M50xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006028+0.056%$80K$3.5M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006028+0.050%$45K$46K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.0000060250.000%$569150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.249%$248$134K5.5xas long as short
BingX 1000SHIB-USDC+0.0070%8h0.0000060250.000%$1.7Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006031+0.100%$155K$606K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006026+0.014%$40K$273K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006028+0.050%$12K$5K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006025+0.006%$31.2M$128.4M75xas long as short
Show all 29 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000006027+0.033%$9.6M$45.9M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006023−0.033%$7.1M$6.7M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006024−0.017%$27.8M$19.0M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.0000060250.000%$4.7M$3.2M75xas long as short
Bitget SHIBUSDTlong+0.0100%8h0.000006025long leg$11.4M$17.5M75x
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006030+0.083%$23K$9K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.0000060250.000%$7K$2K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006037+0.199%$2K$25K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006029+0.066%$523$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006031+0.100%$414K$482K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006030+0.083%$2.1M$7.7M50xas long as short
Paradex kSHIB-USD-PERPshort+0.0102%8h0.000006028+0.046%$7K$1320x
Extended 1000SHIB-USD+0.0104%1h0.000006024−0.025%$54K$4K25xas long as short
Hyperliquid kSHIB+0.0155%1h0.000006034+0.149%$3.6M$5.2M10xas long as short
Kraken Futures PF_SHIBUSD+0.0202%1h0.000006027+0.035%$1.2M$1.0M50xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0212% / S −0.2404%1h0.000006000−0.415%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006036+0.183%$923K$901K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006025+0.001%$120xas long as short
dYdX SHIB-USD+0.6608%1h0.000006027+0.036%$32K$65K10xas long as short