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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0003%/8h= −0.4% APRpaid last 24h −0.003%
Price spread now: Paradex against Extended+0.305%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Paradex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.305% dearer against Extended than usual: you sell high and buy low, +$31 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended 1000SHIB-USD0.0000059840.0104pay 0.0013% / 1h49m 56s$53K$4K25x
ShortParadex kSHIB-USD-PERP0.0000060030.0101get 0.0101% / 8h2h 49m$7K$1320x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
−$0.71
Price spread: +0.305% → 0.000%
$30.51
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Paradex: 2 bp × 2 orders
−$4
Net
$20.8
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Extended: no order-book sample; Paradex: 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 Paradex no order-book sample
Extended 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 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−0.0595%1h0.000005984−0.007%$1.1M$1.0M50xas long as short
Coinbase International 1000SHIB-PERP-INTX−0.0128%1h0.000006001+0.278%$117K$1.5M50xas long as short
dYdX SHIB-USD0.0000%1h0.000006003+0.310%$23K$56K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006007+0.370%$111K$3.2M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000005995+0.177%$47K$65K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000005995+0.182%$566150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.929%$248$134K5.5xas long as short
BingX 1000SHIB-USDC+0.0070%8h0.000005987+0.044%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000005990+0.094%$158K$630K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000005990+0.098%$41K$336K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kSHIB+0.0100%1h0.000006003+0.311%$12K$5K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000005990+0.094%$30.3M$121.9M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000005985+0.010%$9.5M$41.4M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000005986+0.027%$7.1M$7.1M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005988+0.060%$28.7M$19.1M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000005984−0.006%$4.6M$3.1M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000005985+0.010%$11.3M$17.0M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000005985+0.010%$23K$7K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000005994+0.161%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006004+0.328%$2K$26K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000005989+0.077%$497$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000005993+0.144%$409K$597K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000005990+0.094%$2.1M$7.3M50xas long as short
Paradex kSHIB-USD-PERPshort+0.0101%8h0.000006003+0.305%$7K$1320x
Extended 1000SHIB-USDlong+0.0104%1h0.000005984long leg$53K$4K25x
Hyperliquid kSHIB+0.0142%1h0.000005993+0.144%$3.6M$5.3M10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000005000−16.449%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000005996+0.194%$920K$916K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005994+0.165%$120xas long as short