Funding arb · Price arb /

SHIB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.007%

Price spread now: BingX against Extended+0.037%7-day average — · you sell dearer than you buy

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

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. BingX is 0.037% dearer against Extended than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended 1000SHIB-USD	0.000006001	0.0104	pay 0.0013% / 1h	24m 16s	$53K	$4K	25x
Short	BingX 1000SHIB-USDC	0.000006003	0.0080	get 0.0080% / 8h	24m 16s	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$5.04
Price spread: +0.037% → 0.000%: $3.72
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$16.32
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; BingX: live order book, 8 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 Extended no order-book sample	—	—	—	—	—
Sell BingX live order book, 8 min ago	1.66 bp	11.9 bp −$12	37.8 bp −$378	227.7 bp −$22.8K	904.3 bp −$452.2K

Extended: 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
dYdX SHIB-USD	0.0000%	1h	0.000006010	+0.154%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006002	+0.026%	$67K	$1.9M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006004	+0.054%	$46K	$65K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006003	+0.044%	$730	—	150x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0032%	1h	0.000006113	+1.870%	$81K	$791K	50x	as long as short
BingX 1000SHIB-USDCshort	+0.0080%	8h	0.000006003	+0.037%	—	$1.6M	—
Lighter 1000SHIB	+0.0096%	1h	0.000006012	+0.187%	$151K	$292K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006008	+0.113%	$35K	$175K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006010	+0.154%	$12K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006005	+0.070%	$29.5M	$95.6M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006005	+0.070%	$8.6M	$32.6M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006001	+0.004%	$6.9M	$5.6M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006006	+0.087%	$29.9M	$16.4M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006006	+0.087%	$4.9M	$2.5M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006002	+0.021%	$11.4M	$13.4M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006010	+0.154%	$25K	$6K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006006	+0.087%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006012	+0.187%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006004	+0.054%	$540	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006007	+0.104%	$410K	$617K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006010	+0.154%	$2.1M	$6.0M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0101%	8h	0.000006007	+0.105%	$7K	—	20x	as long as short
Extended 1000SHIB-USDlong	+0.0104%	1h	0.000006001	long leg	$53K	$4K	25x
Injective SHIB/USDC PERP	+0.0161%	1h	0.000006040	+0.654%	$248	$134K	5.5x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−0.013%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006007	+0.104%	$818K	$938K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006003	+0.031%	$1	—	20x	as long as short
Kraken Futures PF_SHIBUSD	+0.0384%	1h	0.000006003	+0.034%	$1.1M	$808K	50x	as long as short
Hyperliquid kSHIB	+0.0623%	1h	0.000006013	+0.204%	$4.4M	$4.0M	10x	as long as short