SHIB

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After costs, if the gap returns to its 7d average, $10k−$35

spread now+0.088%7d average+0.052%fees + slippage, in and out−$38spread needed0.381%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SHIB-USDT	0.000005695	0.0220	pay 0.0220% / 8h	1h 43m	$719K	$772K	50x
Short	Binance 1000SHIBUSDT	0.000005700	0.0100	get 0.0100% / 8h	1h 43m	$27.3M	$55.0M	75x

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 BloFinbpFee BinancebpOrdersClose when spread is

Slippage from BloFin: live order book, 10 min ago; Binance: live order book, 16 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 10 min ago	4.40 bp	10.5 bp −$10	18.9 bp −$189	101.9 bp −$10.2K	doesn't fit
Sell Binance live order book, 16 min ago	0.87 bp	6.8 bp −$7	13.7 bp −$137	63.9 bp −$6,393	185.1 bp −$92.6K

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]	−12.204%	L +0.0214% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−3.898%	+0.0033%	1h	$224	$74K	5.5x	as long as short
Kalshi KXKSHIBPERP	−0.014%	0.0000%	8h	$290K	$926K	2x	as long as short
BloFin SHIB-USDTlong	0.000%	+0.0220%	8h	$719K	$772K	50x
Coinbase International 1000SHIB-PERP-INTX	0.000%	+0.0008%	1h	$88K	$902K	50x	as long as short
Reya kSHIBRUSDPERP	+0.024%	+0.0323%	1h	$1	—	20x	as long as short
Gate SHIB_USDT	+0.035%	+0.0078%	8h	$6.4M	$3.7M	75x	as long as short
Extended 1000SHIB-USD	+0.050%	+0.0104%	1h	$50K	$6K	25x	as long as short
HTX SHIB-USDT	+0.053%	+0.0100%	8h	$387K	$716K	75x	as long as short
gTrade (Gains Network) SHIB/USD	+0.068%	L +0.0006% / S −0.0001%	1h	$693	—	150x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC SHIB_USDT	+0.070%	+0.0100%	8h	$19.5M	$8.1M	300x	as long as short
Bitget SHIBUSDT	+0.070%	+0.0100%	8h	$10.8M	$8.6M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.088%	+0.0100%	8h	$7.4M	$18.4M	50x	as long as short
BingX 1000SHIB-USDC	+0.088%	+0.0080%	8h	—	$1.6M	—	as long as short
Binance 1000SHIBUSDTshort	+0.088%	+0.0100%	8h	$27.3M	$55.0M	75x
KuCoin SHIBUSDTM	+0.105%	+0.0100%	8h	$4.6M	$1.9M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.105%	+0.0100%	8h	$6K	$1K	20x	as long as short
SoDEX 1000SHIB-USD	+0.105%	+0.0100%	1h	$503	$6K	10x	as long as short
Phemex u1000SHIBUSDT	+0.105%	+0.0100%	8h	$2.1M	$4.1M	50x	as long as short
Kraken Futures PF_SHIBUSD	+0.106%	+0.0344%	1h	$1.1M	$586K	50x	as long as short
Backpack kSHIB_USDC_PERP	+0.123%	+0.0100%	1h	$24K	$3K	15x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.123%	0.0000%	1h	$45K	$52K	25x	as long as short
Lighter 1000SHIB	+0.140%	+0.0096%	1h	$152K	$185K	10x	as long as short
Paradex kSHIB-USD-PERP	+0.143%	+0.0100%	8h	$7K	—	20x	as long as short
dYdX SHIB-USD	+0.146%	+0.5924%	1h	$33K	$54K	10x	as long as short
Aster 1000SHIBUSDT	+0.184%	+0.0100%	8h	$45K	$156K	50x	as long as short
Pacifica kSHIB	+0.211%	+0.0100%	1h	$11K	$2K	10x	as long as short
Hyperliquid kSHIB	+0.228%	+0.0232%	1h	$3.3M	$1.6M	10x	as long as short
SunX SHIB-USDT	+0.263%	+0.0100%	8h	$2K	$16K	20x	as long as short