SHIB

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After costs, if the gap returns to its 7d average, $10k−$49

spread now−0.169%7d average+0.002%fees + slippage, in and out−$32spread needed0.323%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SHIB-USDT	0.000005929	0.0220	pay 0.0220% / 8h	49m 38s	$731K	$833K	50x
Short	MEXC SHIB_USDT	0.000005919	0.0100	get 0.0100% / 8h	49m 38s	$20.0M	$8.4M	300x

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 MEXCbpOrdersClose when spread is

Slippage from BloFin: live order book, 64 min ago; MEXC: live order book, 5 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, 64 min ago	4.40 bp	10.5 bp −$10	18.9 bp −$189	101.9 bp −$10.2K	doesn't fit
Sell MEXC live order book, 5 min ago	0.84 bp	5.4 bp −$5	9.5 bp −$95	60.1 bp −$6,010	87.0 bp −$43.5K

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]	−15.669%	L +0.0215% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−2.732%	+0.0306%	1h	$236	$110K	5.5x	as long as short
Gate SHIB_USDT	−0.236%	+0.0070%	8h	$6.7M	$4.3M	75x	as long as short
Extended 1000SHIB-USD	−0.217%	+0.0104%	1h	$52K	$6K	25x	as long as short
Bitget SHIBUSDT	−0.202%	+0.0100%	8h	$11.3M	$9.7M	75x	as long as short
OKX SHIB-USDT-SWAP	−0.186%	+0.0100%	8h	$7.7M	$21.7M	50x	as long as short
Phemex u1000SHIBUSDT	−0.186%	+0.0100%	8h	$2.1M	$4.3M	50x	as long as short
BingX 1000SHIB-USDT	−0.169%	+0.0070%	8h	—	$2.2M	—	as long as short
MEXC SHIB_USDTshort	−0.169%	+0.0100%	8h	$20.0M	$8.4M	300x
HTX SHIB-USDT	−0.152%	+0.0100%	8h	$403K	$776K	75x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex kSHIB-USD-PERP	−0.137%	+0.0098%	8h	$7K	—	20x	as long as short
Aster 1000SHIBUSDT	−0.125%	+0.0100%	8h	$47K	$164K	50x	as long as short
Backpack kSHIB_USDC_PERP	−0.118%	+0.0157%	1h	$27K	$4K	15x	as long as short
dYdX SHIB-USD	−0.112%	0.0000%	1h	$35K	$54K	10x	as long as short
Lighter 1000SHIB	−0.084%	+0.0096%	1h	$159K	$211K	10x	as long as short
Binance 1000SHIBUSDT	−0.054%	+0.0100%	8h	$28.7M	$62.1M	75x	as long as short
Kraken Futures PF_SHIBUSD	−0.052%	+0.0356%	1h	$1.1M	$664K	50x	as long as short
KuCoin SHIBUSDTM	−0.051%	+0.0100%	8h	$4.9M	$2.1M	75x	as long as short
Orderly PERP_1000SHIB_USDC	−0.051%	+0.0100%	8h	$6K	$1K	20x	as long as short
SoDEX 1000SHIB-USD	−0.051%	+0.0100%	1h	$529	$6K	10x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	−0.051%	0.0000%	1h	$37K	$62K	25x	as long as short
Reya kSHIBRUSDPERP	−0.043%	+0.0323%	1h	$1	—	20x	as long as short
Pacifica kSHIB	−0.034%	+0.0100%	1h	$11K	$4K	10x	as long as short
gTrade (Gains Network) SHIB/USD	−0.029%	L +0.0007% / S −0.0008%	1h	$1K	—	150x	as long as short
BloFin SHIB-USDTlong	0.000%	+0.0220%	8h	$731K	$833K	50x
Coinbase International 1000SHIB-PERP-INTX	+0.017%	−0.0008%	1h	$93K	$906K	50x	as long as short
Hyperliquid kSHIB	+0.051%	+0.0280%	1h	$3.6M	$2.2M	10x	as long as short
SunX SHIB-USDT	+0.051%	+0.0100%	8h	$2K	$18K	20x	as long as short
Kalshi KXKSHIBPERP	+0.152%	0.0000%	8h	$302K	$989K	2x	as long as short