SHIB

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After costs, if the gap returns to its 7d average, $10k−$41

spread now+0.186%7d average−0.002%fees + slippage, in and out−$60spread needed0.602%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SHIB-USDT	0.000005926	0.0220	pay 0.0220% / 8h	6h 43m	$743K	$918K	50x
Short	KuCoin SHIBUSDTM	0.000005937	0.0100	get 0.0100% / 8h	6h 43m	$4.7M	$2.4M	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 KuCoinbpOrdersClose when spread is

Slippage from BloFin: live order book, 59 min ago; KuCoin: live order book, 10 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, 59 min ago	2.50 bp	10.2 bp −$10	17.3 bp −$173	86.7 bp −$8,670	doesn't fit
Sell KuCoin live order book, 10 min ago	2.53 bp	14.6 bp −$15	47.1 bp −$471	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]	−15.626%	L +0.0213% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−2.683%	+0.0033%	1h	$236	$53K	5.5x	as long as short
BloFin SHIB-USDTlong	0.000%	+0.0220%	8h	$743K	$918K	50x
Pacifica kSHIB	+0.051%	+0.0100%	1h	$11K	$4K	10x	as long as short
dYdX SHIB-USD	+0.071%	+0.2933%	1h	$23K	$66K	10x	as long as short
Gate SHIB_USDT	+0.084%	+0.0100%	8h	$6.7M	$5.1M	75x	as long as short
Binance 1000SHIBUSDT	+0.129%	+0.0100%	8h	$28.8M	$80.0M	75x	as long as short
HTX SHIB-USDT	+0.152%	+0.0100%	8h	$398K	$715K	75x	as long as short
Extended 1000SHIB-USD	+0.156%	+0.0104%	1h	$53K	$6K	25x	as long as short
OKX SHIB-USDT-SWAP	+0.169%	+0.0100%	8h	$7.8M	$26.5M	50x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC SHIB_USDT	+0.169%	+0.0100%	8h	$33.8M	$14.6M	300x	as long as short
BingX 1000SHIB-USDT	+0.169%	+0.0043%	8h	—	$2.2M	—	as long as short
Reya kSHIBRUSDPERP	+0.177%	+0.0323%	1h	$1	—	20x	as long as short
Paradex kSHIB-USD-PERP	+0.178%	+0.0099%	8h	$7K	—	20x	as long as short
Lighter 1000SHIB	+0.186%	+0.0096%	1h	$151K	$304K	10x	as long as short
SoDEX 1000SHIB-USD	+0.186%	+0.0100%	1h	$554	$5K	10x	as long as short
KuCoin SHIBUSDTMshort	+0.186%	+0.0100%	8h	$4.7M	$2.4M	75x
Bitget SHIBUSDT	+0.202%	+0.0100%	8h	$11.3M	$11.7M	75x	as long as short
Kraken Futures PF_SHIBUSD	+0.218%	+0.0042%	1h	$1.1M	$793K	50x	as long as short
Backpack kSHIB_USDC_PERP	+0.219%	+0.0100%	1h	$27K	$4K	15x	as long as short
Aster 1000SHIBUSDT	+0.225%	+0.0100%	8h	$40K	$183K	50x	as long as short
gTrade (Gains Network) SHIB/USD	+0.231%	L +0.0006% / S −0.0006%	1h	$15K	—	150x	as long as short
Phemex u1000SHIBUSDT	+0.236%	+0.0100%	8h	$2.1M	$4.7M	50x	as long as short
Orderly PERP_1000SHIB_USDC	+0.253%	+0.0100%	8h	$6K	$1K	20x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.253%	+0.0255%	1h	$42K	$64K	25x	as long as short
Kalshi KXKSHIBPERP	+0.255%	0.0000%	8h	$103K	$1.6M	2x	as long as short
Hyperliquid kSHIB	+0.304%	+0.0471%	1h	$4.3M	$3.7M	10x	as long as short
SunX SHIB-USDT	+0.371%	+0.0100%	8h	$2K	$22K	20x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.472%	−0.0048%	1h	$87K	$800K	50x	as long as short