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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.708%
Price spread now: SunX against dYdX+0.270%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.270% dearer against dYdX than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX SHIB-USD0.0000060120get 0.0000% / 1h11m 04s$24K$56K10x
ShortSunX SHIB-USDT0.0000060280.0100get 0.0100% / 8h1h 11m$2K$27K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$21
Price spread: +0.270% → 0.000%
$26.95
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
$29.95
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: dYdX: no order-book sample; SunX: 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 dYdX no order-book sample
Sell SunX no order-book sample
dYdX and SunX: 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−0.0374%1h0.000006015+0.050%$1.2M$1.0M50xas long as short
Coinbase International 1000SHIB-PERP-INTX−0.0088%1h0.000006016+0.070%$117K$1.6M50xas long as short
dYdX SHIB-USDlong0.0000%1h0.000006012long leg$24K$56K10x
Kalshi KXKSHIBPERP0.0000%8h0.000006014+0.043%$106K$3.3M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000006006−0.095%$567150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.469%$248$134K5.5xas long as short
BingX 1000SHIB-USDT+0.0068%8h0.000006015+0.053%$2.3Mas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0082%1h0.000006019+0.120%$47K$62K25xas long as short
Lighter 1000SHIB+0.0096%1h0.000006019+0.120%$157K$641K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006013+0.018%$41K$336K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kSHIB+0.0100%1h0.000006015+0.053%$12K$5K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006019+0.123%$30.1M$127.1M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006016+0.070%$9.2M$43.3M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006015+0.053%$7.1M$7.4M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006012+0.003%$28.1M$19.8M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006015+0.053%$4.7M$3.2M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006015+0.053%$11.4M$17.2M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006018+0.103%$23K$8K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006019+0.120%$7K$4K20xas long as short
SunX SHIB-USDTshort+0.0100%8h0.000006028+0.270%$2K$27K20x
SoDEX 1000SHIB-USD+0.0100%1h0.000006015+0.053%$509$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006011−0.013%$410K$575K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006016+0.070%$2.1M$7.7M50xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006011−0.009%$53K$4K25xas long as short
Paradex kSHIB-USD-PERP+0.0105%8h0.000006016+0.073%$7K$1320xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0212% / S −0.2404%1h0.000006000−0.196%$1K100xas long as short
Hyperliquid kSHIB+0.0214%1h0.000006025+0.220%$3.6M$5.4M10xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006012+0.003%$862K$934K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006013+0.020%$120xas long as short