Spread before costs (cost unknown: a leg has no order-book sample)+0.108%
7d average—if it closes, per $10,000$11funding while held, a day+$0.34
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit 1000SHIB_USDC-PERPETUAL | 0.000005921 | 0.0088 | pay 0.0011% / 1h | 10m 11s | $42K | $64K | 25x |
| Short | Paradex kSHIB-USD-PERP | 0.000005927 | 0.0099 | get 0.0099% / 8h | 6h 10m | $7K | — | 20x |
Deribit 1000SHIB_USDC-PERPETUAL
Paradex kSHIB-USD-PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $10.83
- Funding while held
- $0.34
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $0.17
- Spread needed to break even
- 0.110%
Slippage unknown: Deribit: no order-book sample; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0011%
- Per $10,000 a day
- +$0.34
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Deribit no order-book sample | — | — | — | — | — |
| Sell Paradex no order-book sample | — | — | — | — | — |
Deribit and 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 price on every exchange
against the cheapest. Click to use as the short leg.GMX0.000005000cheapest
Injective0.000005767+15.340%BloFin0.000005903+18.060%Backpack0.000005905+18.100%OKX0.000005908+18.160%KuCoin0.000005909+18.180%Phemex0.000005912+18.240%Pacifica0.000005913+18.260%Binance0.000005914+18.280%dYdX0.000005915+18.300%Extended0.000005917+18.350%Aster0.000005918+18.357%Lighter0.000005918+18.360%MEXC0.000005918+18.360%SoDEX0.000005918+18.360%Kraken Futures0.000005918+18.366%Gate0.000005919+18.380%HTX0.000005919+18.380%Bitget0.000005920+18.400%BingX0.000005920+18.400%gTrade (Gains Network)0.000005920+18.400%Orderly0.000005920+18.400%Coinbase International0.000005920+18.400%
GMX
Injective
BloFin
Backpack
OKX
KuCoin
Phemex
Pacifica
Binance
dYdX
Extended
Aster
Lighter
MEXC
SoDEX
Kraken Futures
Gate
HTX
Bitget
BingX
gTrade (Gains Network)
Orderly
Coinbase InternationalDeribit0.000005921+18.420%
Kalshi0.000005923+18.460%Reya0.000005923+18.467%
ReyaParadex0.000005927+18.548%
SunX0.000005928+18.560%Hyperliquid0.000005931+18.620%
SunX
HyperliquidSHIB on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX SHIB/USD [ETH-USDC] | −15.555% | L +0.0214% / S −0.2404% | 1h | $1K | — | 100x | as long as short |
| Injective SHIB/USDC PERP | −2.601% | +0.0033% | 1h | $236 | $53K | 5.5x | as long as short |
| BloFin SHIB-USDT | −0.304% | +0.0220% | 8h | $739K | $939K | 50x | as long as short |
| Backpack kSHIB_USDC_PERP | −0.270% | +0.0100% | 1h | $27K | $4K | 15x | as long as short |
| OKX SHIB-USDT-SWAP | −0.220% | +0.0100% | 8h | $7.7M | $26.1M | 50x | as long as short |
| KuCoin SHIBUSDTM | −0.203% | +0.0100% | 8h | $4.7M | $2.3M | 75x | as long as short |
| Phemex u1000SHIBUSDT | −0.152% | +0.0100% | 8h | $2.1M | $4.8M | 50x | as long as short |
| Pacifica kSHIB | −0.135% | +0.0100% | 1h | $11K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | −0.118% | +0.0100% | 8h | $28.5M | $79.9M | 75x | as long as short |
| dYdX SHIB-USD | −0.101% | +0.2325% | 1h | $23K | $66K | 10x | as long as short |