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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.035%
Price spread now: Extended against BloFin−0.090%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 7 days−0.289%−$29 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.090% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SHIB-USDT0.0000060270.0220pay 0.0220% / 8h4h 14m$887K$893K50x
ShortExtended 1000SHIB-USD0.0000060220.0104get 0.0013% / 1h14m 43s$53K$4K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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
−$24.36
Price spread: −0.090% → 0.000%
−$8.97
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$50.33
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 22 min ago; Extended: 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 BloFin live order book, 22 min ago1.68 bp9.3 bp −$922.2 bp −$222doesn't fitdoesn't fit
Sell Extended no order-book sample
Extended: 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
Kraken Futures PF_SHIBUSD−0.0350%1h0.000006020−0.119%$1.1M$934K50xas long as short
Coinbase International 1000SHIB-PERP-INTX−0.0088%1h0.000006025−0.033%$125K$1.1M50xas long as short
dYdX SHIB-USD0.0000%1h0.000006022−0.084%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006025−0.035%$190K$2.3M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000006026−0.017%$569150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.216%$248$134K5.5xas long as short
BingX 1000SHIB-USDT+0.0080%8h0.000006026−0.017%$2.1Mas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0082%1h0.000006025−0.033%$46K$58K25xas long as short
Lighter 1000SHIB+0.0096%1h0.0000060270.000%$160K$608K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006013−0.230%$40K$321K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kSHIB+0.0100%1h0.000006025−0.033%$12K$5K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006028+0.017%$29.7M$105.0M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006023−0.066%$9.4M$36.9M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006020−0.116%$7.0M$5.9M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.0000060270.000%$30.1M$17.8M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006024−0.050%$4.8M$2.7M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006025−0.033%$11.5M$14.6M75xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.0000060270.000%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006036+0.149%$2K$24K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006023−0.066%$478$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006016−0.183%$410K$555K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006021−0.100%$2.1M$6.9M50xas long as short
Extended 1000SHIB-USDshort+0.0104%1h0.000006022−0.090%$53K$4K25x
Paradex kSHIB-USD-PERP+0.0117%8h0.000006029+0.041%$7K$1320xas long as short
Hyperliquid kSHIB+0.0124%1h0.0000060270.000%$3.6M$4.8M10xas long as short
Backpack kSHIB_USDC_PERP+0.0126%1h0.000006018−0.149%$23K$7K15xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−0.448%$1K100xas long as short
BloFin SHIB-USDTlong+0.0220%8h0.000006027long leg$887K$893K50x
Reya kSHIBRUSDPERP+0.0323%1h0.000006023−0.066%$120xas long as short