Spread before costs (cost unknown: a leg has no order-book sample)+0.034%
7d average—if it closes, per $10,000$3funding while held, a day+$2.31
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SHIB_USDT | 0.000005913 | 0.0023 | pay 0.0023% / 8h | 7h 32m | $6.7M | $5.0M | 75x |
| Short | Backpack kSHIB_USDC_PERP | 0.000005915 | 0.0100 | get 0.0013% / 1h | 32m 45s | $27K | $5K | 15x |
Gate SHIB_USDT
Backpack kSHIB_USDC_PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $3.38
- Funding while held
- $2.31
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$19.31
- Spread needed to break even
- 0.250%
Slippage unknown: Gate: live order book, 2 min ago; Backpack: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0077%
- Per $10,000 a day
- +$2.31
- Average in range /8h
- —
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 Gate live order book, 2 min ago | 1.69 bp | 16.5 bp −$16 | 37.4 bp −$374 | doesn't fit | doesn't fit |
| Sell Backpack no order-book sample | — | — | — | — | — |
Backpack: 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 price on every exchange
against the cheapest. Click to use as the short leg.GMX0.000005000cheapest
Injective0.000005767+15.340%Reya0.000005907+18.136%Orderly0.000005907+18.140%BloFin0.000005909+18.180%Paradex0.000005909+18.185%Lighter0.000005910+18.200%gTrade (Gains Network)0.000005910+18.200%Deribit0.000005910+18.200%HTX0.000005910+18.200%Coinbase International0.000005911+18.220%dYdX0.000005911+18.224%OKX0.000005912+18.240%
GMX
Injective
Reya
Orderly
BloFin
Paradex
Lighter
gTrade (Gains Network)
Deribit
HTX
Coinbase International
dYdX
OKXGate0.000005913+18.260%
MEXC0.000005913+18.260%Kraken Futures0.000005914+18.277%Pacifica0.000005914+18.280%Kalshi0.000005915+18.290%
MEXC
Kraken Futures
PacificaBackpack0.000005915+18.300%
Bitget0.000005916+18.320%SoDEX0.000005916+18.320%Phemex0.000005916+18.320%KuCoin0.000005917+18.340%Extended0.000005918+18.354%BingX0.000005918+18.360%Aster0.000005918+18.363%Binance0.000005919+18.378%SunX0.000005920+18.400%Hyperliquid0.000005929+18.580%
Bitget
SoDEX
Phemex
KuCoin
Extended
BingX
Aster
Binance
SunX
HyperliquidSHIB on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX SHIB/USD [ETH-USDC] | −15.441% | L +0.0213% / S −0.2404% | 1h | $1K | — | 100x | as long as short |
| Injective SHIB/USDC PERP | −2.469% | +0.0033% | 1h | $236 | $90K | 5.5x | as long as short |
| Reya kSHIBRUSDPERP | −0.105% | +0.0323% | 1h | $1 | — | 20x | as long as short |
| Orderly PERP_1000SHIB_USDC | −0.101% | +0.0100% | 8h | $6K | $1K | 20x | as long as short |
| BloFin SHIB-USDT | −0.068% | +0.0220% | 8h | $750K | $911K | 50x | as long as short |
| Paradex kSHIB-USD-PERP | −0.063% | +0.0096% | 8h | $7K | — | 20x | as long as short |
| Lighter 1000SHIB | −0.051% | +0.0096% | 1h | $153K | $305K | 10x | as long as short |
| gTrade (Gains Network) SHIB/USD | −0.051% | L +0.0006% / S −0.0006% | 1h | $15K | — | 150x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | −0.051% | 0.0000% | 1h | $37K | $59K | 25x | as long as short |
| HTX SHIB-USDT | −0.051% | +0.0100% | 8h | $396K | $786K | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTX | −0.034% | −0.0072% | 1h | $96K | $865K | 50x | as long as short |
| dYdX SHIB-USD | −0.031% | +0.8236% | 1h | $23K | $66K | 10x | as long as short |
| OKX SHIB-USDT-SWAP | −0.017% | +0.0100% | 8h | $7.8M | $26.2M | 50x | as long as short |
| Gate SHIB_USDTlong | 0.000% | +0.0023% | 8h | $6.7M | $5.0M | 75x | |
| MEXC SHIB_USDT | 0.000% | +0.0100% | 8h | $31.9M | $13.9M | 300x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.014% | −0.0328% | 1h | $1.1M | $778K | 50x | as long as short |
| Pacifica kSHIB | +0.017% | +0.0100% | 1h | $11K | $4K | 10x | as long as short |
| Kalshi KXKSHIBPERP | +0.025% | 0.0000% | 8h | $102K | $1.6M | 2x | as long as short |
| Backpack kSHIB_USDC_PERPshort | +0.034% | +0.0100% | 1h | $27K | $5K | 15x | |
| Bitget SHIBUSDT | +0.051% | +0.0100% | 8h | $11.2M | $11.7M | 75x | as long as short |
| SoDEX 1000SHIB-USD | +0.051% | +0.0100% | 1h | $548 | $5K | 10x | as long as short |
| Phemex u1000SHIBUSDT | +0.051% | +0.0553% | 8h | $2.1M | $4.6M | 50x | as long as short |
| KuCoin SHIBUSDTM | +0.068% | +0.0100% | 8h | $4.7M | $2.5M | 75x | as long as short |
| Extended 1000SHIB-USD | +0.079% | +0.0104% | 1h | $52K | $6K | 25x | as long as short |
| BingX 1000SHIB-USDT | +0.085% | +0.0011% | 8h | — | $2.2M | — | as long as short |
| Aster 1000SHIBUSDT | +0.087% | +0.0100% | 8h | $40K | $181K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.100% | +0.0100% | 8h | $28.7M | $79.3M | 75x | as long as short |
| SunX SHIB-USDT | +0.118% | +0.0100% | 8h | $2K | $22K | 20x | as long as short |
| Hyperliquid kSHIB | +0.271% | +0.0354% | 1h | $4.3M | $3.6M | 10x | as long as short |