SHIB

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After costs, if the gap returns to its 7d average, $10k−$40

spread now+0.101%7d average+0.023%fees + slippage, in and out−$48spread needed0.476%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SHIB_USDT	0.000005965	0.0038	pay 0.0038% / 8h	10m 17s	$6.7M	$4.7M	75x
Short	BingX 1000SHIB-USDT	0.000005971	0.0070	get 0.0070% / 8h	10m 17s	—	$2.2M	—

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee GatebpFee BingXbpOrdersClose when spread is

Slippage from Gate: live order book, 5 min ago; BingX: live order book, 14 min ago.

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, 5 min ago	1.68 bp	15.2 bp −$15	33.5 bp −$335	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	1.71 bp	7.5 bp −$8	14.3 bp −$143	54.5 bp −$5,446	122.4 bp −$61.2K

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
GMX SHIB/USD [ETH-USDC]	−16.178%	L +0.0214% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−3.319%	+0.0306%	1h	$236	$110K	5.5x	as long as short
Gate SHIB_USDTlong	0.000%	+0.0038%	8h	$6.7M	$4.7M	75x
KuCoin SHIBUSDTM	+0.034%	+0.0100%	8h	$5.0M	$2.3M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.050%	+0.0100%	8h	$7.8M	$23.9M	50x	as long as short
BloFin SHIB-USDT	+0.050%	+0.0220%	8h	$735K	$877K	50x	as long as short
Extended 1000SHIB-USD	+0.056%	+0.0104%	1h	$53K	$6K	25x	as long as short
HTX SHIB-USDT	+0.067%	+0.0100%	8h	$411K	$809K	75x	as long as short
gTrade (Gains Network) SHIB/USD	+0.080%	L +0.0006% / S −0.0001%	1h	$726	—	150x	as long as short
Binance 1000SHIBUSDT	+0.081%	+0.0100%	8h	$28.7M	$71.0M	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	+0.084%	−0.0008%	1h	$95K	$829K	50x	as long as short
Phemex u1000SHIBUSDT	+0.084%	+0.0100%	8h	$2.1M	$4.4M	50x	as long as short
Reya kSHIBRUSDPERP	+0.097%	+0.0323%	1h	$1	—	20x	as long as short
Paradex kSHIB-USD-PERP	+0.099%	+0.0095%	8h	$7K	—	20x	as long as short
BingX 1000SHIB-USDTshort	+0.101%	+0.0070%	8h	—	$2.2M	—
SoDEX 1000SHIB-USD	+0.101%	+0.0100%	1h	$539	$5K	10x	as long as short
dYdX SHIB-USD	+0.112%	+0.3109%	1h	$23K	$66K	10x	as long as short
Lighter 1000SHIB	+0.117%	+0.0096%	1h	$157K	$309K	10x	as long as short
MEXC SHIB_USDT	+0.117%	+0.0100%	8h	$31.2M	$12.8M	300x	as long as short
Orderly PERP_1000SHIB_USDC	+0.117%	+0.0100%	8h	$6K	$1K	20x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.117%	0.0000%	1h	$37K	$59K	25x	as long as short
Backpack kSHIB_USDC_PERP	+0.134%	+0.0100%	1h	$27K	$4K	15x	as long as short
Bitget SHIBUSDT	+0.151%	+0.0100%	8h	$11.6M	$10.5M	75x	as long as short
Kraken Futures PF_SHIBUSD	+0.165%	+0.0353%	1h	$1.1M	$739K	50x	as long as short
Kalshi KXKSHIBPERP	+0.169%	0.0000%	8h	$255K	$1.2M	2x	as long as short
Aster 1000SHIBUSDT	+0.183%	+0.0100%	8h	$44K	$175K	50x	as long as short
Pacifica kSHIB	+0.184%	+0.0100%	1h	$11K	$4K	10x	as long as short
SunX SHIB-USDT	+0.218%	+0.0100%	8h	$2K	$21K	20x	as long as short
Hyperliquid kSHIB	+0.251%	+0.0198%	1h	$3.6M	$2.4M	10x	as long as short