Funding arb · Price arb /

SHIB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h −0.844%

Price spread now: BingX against dYdX−0.016%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.556%−$156 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −1.556%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX SHIB-USD	0.000006161	0	get 0.0000% / 1h	23m 12s	$24K	$64K	10x
Short	BingX 1000SHIB-USDT	0.000006160	0.0070	get 0.0070% / 8h	3h 23m	—	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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

Position, each leg$Hold fordaysFee dYdXbpFee BingXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $14.7
Price spread: −0.016% → 0.000%: −$1.62
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$6.92
Costs to cover: 0.200%
Break-even: 10.3 days

Slippage unknown: dYdX: no order-book sample; BingX: live order book, 10 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell BingX live order book, 10 min ago	1.61 bp	10.4 bp −$10	16.9 bp −$169	50.3 bp −$5,026	107.1 bp −$53.5K

dYdX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International 1000SHIB-PERP-INTX	−0.0168%	1h	0.000006161	0.000%	$121K	$1.4M	50x	as long as short
Kraken Futures PF_SHIBUSD	−0.0064%	1h	0.000006150	−0.186%	$1.2M	$1.0M	50x	as long as short
dYdX SHIB-USDlong	0.0000%	1h	0.000006161	long leg	$24K	$64K	10x
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006145	−0.266%	$204K	$2.9M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006162	+0.016%	$51K	$61K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006161	+0.006%	$582	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	−1.964%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDTshort	+0.0070%	8h	0.000006160	−0.016%	—	$2.2M	—
Lighter 1000SHIB	+0.0096%	1h	0.000006156	−0.081%	$162K	$622K	10x	as long as short
Hyperliquid kSHIB	+0.0100%	1h	0.000006169	+0.130%	$3.7M	$5.2M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006166	+0.081%	$43K	$328K	50x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006161	0.000%	$31.7M	$116.7M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006157	−0.065%	$10.0M	$41.3M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006156	−0.081%	$7.3M	$6.8M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006161	0.000%	$30.5M	$18.9M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006158	−0.049%	$4.8M	$3.0M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006156	−0.081%	$11.8M	$16.1M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006161	0.000%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006162	+0.016%	$2K	$26K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006155	−0.097%	$503	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006154	−0.114%	$424K	$578K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006150	−0.179%	$2.1M	$7.2M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0101%	8h	0.000006162	+0.011%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006154	−0.109%	$55K	$4K	25x	as long as short
Backpack kSHIB_USDC_PERP	+0.0130%	1h	0.000006159	−0.032%	$24K	$7K	15x	as long as short
Pacifica kSHIB	+0.0188%	1h	0.000006166	+0.081%	$12K	$5K	10x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−2.613%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006153	−0.130%	$949K	$919K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006156	−0.083%	$1	—	20x	as long as short