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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.028%
Price spread now: HTX against gTrade (Gains Network)+0.029%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 3 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 HTX is 0.029% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) SHIB/USD0.000006103L +0.0006% / S 0.0000%pay 0.0001% / 1h13m 41s$576150x
ShortHTX SHIB-USDT0.0000061050.0100get 0.0100% / 8h3h 13m$418K$579K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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
$19.68
Price spread: +0.029% → 0.000%
$2.95
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
$0.63
Costs to cover
0.220%
Break-even
6.8 days
Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 40 min ago. 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 gTrade (Gains Network) no order-book sample
Sell HTX live order book, 40 min ago2.41 bp27.1 bp −$27104.6 bp −$1,046doesn't fitdoesn't fit
gTrade (Gains Network): 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
Coinbase International 1000SHIB-PERP-INTX−0.0168%1h0.000006131+0.455%$123K$1.5M50xas long as short
Kraken Futures PF_SHIBUSD−0.0064%1h0.000006108+0.071%$1.2M$1.0M50xas long as short
dYdX SHIB-USD0.0000%1h0.000006109+0.093%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006109+0.087%$190K$2.9M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006108+0.079%$50K$61K25xas long as short
gTrade (Gains Network) SHIB/USDlongL +0.0006% / S 0.0000%1h0.000006103long leg$576150x
Injective SHIB/USDC PERP+0.0033%1h0.000006040−1.036%$248$134K5.5xas long as short
BingX 1000SHIB-USDT+0.0070%8h0.000006115+0.193%$2.2Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006116+0.210%$161K$627K10xas long as short
Hyperliquid kSHIB+0.0100%1h0.000006121+0.292%$3.6M$5.2M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000SHIBUSDT+0.0100%8h0.000006115+0.200%$42K$331K50xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006117+0.226%$31.3M$117.9M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006114+0.177%$9.8M$41.3M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006113+0.161%$7.3M$6.9M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006114+0.177%$30.0M$18.9M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006112+0.144%$4.7M$3.0M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006119+0.259%$11.8M$16.3M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006107+0.062%$23K$7K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006107+0.062%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006117+0.226%$2K$26K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006106+0.046%$507$5K10xas long as short
HTX SHIB-USDTshort+0.0100%8h0.000006105+0.029%$418K$579K75x
Phemex u1000SHIBUSDT+0.0100%8h0.000006110+0.111%$2.1M$7.2M50xas long as short
Paradex kSHIB-USD-PERP+0.0101%8h0.000006115+0.196%$7K$1320xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006113+0.165%$54K$4K25xas long as short
Pacifica kSHIB+0.0188%1h0.000006115+0.193%$12K$5K10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−1.691%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006104+0.013%$946K$913K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006106+0.038%$120xas long as short