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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0104%/8h= −11.4% APRnext payment $0.13 per $10,000 · paid last 24h +0.825%
Price spread now: dYdX against Extended−0.117%7-day average · you buy dearer than you sell
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 7 days+1.486%+$149 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.117% cheaper against Extended than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.486%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended 1000SHIB-USD0.0000060970.0104pay 0.0013% / 1h26m 22s$54K$4K25x
ShortdYdX SHIB-USD0.0000060900get 0.0000% / 1h26m 22s$23K$64K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
−$21.84
Price spread: −0.117% → 0.000%
−$11.74
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$48.58
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; dYdX: 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 Extended no order-book sample
Sell dYdX no order-book sample
Extended and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX SHIB-USDshort0.0000%1h0.000006090−0.117%$23K$64K10x
Kalshi KXKSHIBPERP0.0000%8h0.000006077−0.339%$208K$2.3M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006080−0.281%$47K$65K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006096−0.021%$741150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040−0.937%$248$134K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0064%1h0.000006064−0.544%$78K$870K50xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.000006097−0.003%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006091−0.101%$240K$469K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006092−0.082%$37K$179K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006095−0.035%$12K$4K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000SHIBUSDT+0.0100%8h0.000006101+0.063%$29.9M$98.5M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006101+0.063%$9.3M$34.9M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006094−0.052%$7.1M$5.6M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006095−0.035%$31.5M$16.9M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006097−0.003%$4.9M$2.6M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006098+0.014%$11.5M$14.0M75xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006097−0.003%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006091−0.101%$2K$24K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006075−0.363%$519$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006072−0.413%$416K$597K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006073−0.396%$2.1M$6.3M50xas long as short
Extended 1000SHIB-USDlong+0.0104%1h0.000006097long leg$54K$4K25x
Paradex kSHIB-USD-PERP+0.0121%8h0.000006100+0.051%$7K$1320xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−1.594%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006080−0.281%$862K$942K50xas long as short
Backpack kSHIB_USDC_PERP+0.0232%1h0.000006074−0.380%$23K$7K15xas long as short
Kraken Futures PF_SHIBUSD+0.0258%1h0.000006075−0.366%$1.2M$830K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006096−0.026%$120xas long as short
Hyperliquid kSHIB+0.0707%1h0.000006107+0.161%$4.4M$4.0M10xas long as short