Funding arb · Price arb /

SHIB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.016%

Price spread now: gTrade (Gains Network) against Gate+0.034%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on gTrade (Gains Network)

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.034% dearer against Gate than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SHIB_USDT	0.000005953	0.0100	pay 0.0100% / 8h	5h 08m	$6.9M	$5.9M	75x
Short	gTrade (Gains Network) SHIB/USD	0.000005955	L +0.0006% / S 0.0000%	pay 0.0000% / 1h	8m 14s	$562	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.034%Rate

Funding earned: −$21.08
Price spread: +0.034% → 0.000%: $3.36
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$42.72
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 min ago; gTrade (Gains Network): 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 5 min ago	1.68 bp	15.0 bp −$15	26.9 bp −$269	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SHIBUSD	−0.0295%	1h	0.000005954	+0.017%	$1.1M	$916K	50x	as long as short
Coinbase International 1000SHIB-PERP-INTX	−0.0032%	1h	0.000005995	+0.706%	$133K	$1.1M	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	0.000005960	+0.115%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000005958	+0.082%	$192K	$2.3M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000005956	+0.050%	$46K	$61K	25x	as long as short
gTrade (Gains Network) SHIB/USDshort	L +0.0006% / S 0.0000%	1h	0.000005955	+0.034%	$562	—	150x
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+1.461%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDT	+0.0080%	8h	0.000005955	+0.034%	—	$2.1M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000005959	+0.101%	$160K	$615K	10x	as long as short
Hyperliquid kSHIB	+0.0100%	1h	0.000005963	+0.168%	$3.6M	$4.8M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000SHIBUSDT	+0.0100%	8h	0.000005958	+0.090%	$40K	$320K	50x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000005956	+0.053%	$29.2M	$102.7M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000005956	+0.050%	$9.2M	$36.0M	50x	as long as short
Gate SHIB_USDTlong	+0.0100%	8h	0.000005953	long leg	$6.9M	$5.9M	75x
MEXC SHIB_USDT	+0.0100%	8h	0.000005953	0.000%	$29.4M	$17.5M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000005954	+0.017%	$4.9M	$2.7M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000005955	+0.034%	$11.2M	$14.4M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000005963	+0.168%	$23K	$7K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000005958	+0.084%	$6K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000005970	+0.286%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000005958	+0.084%	$489	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000005959	+0.101%	$408K	$582K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000005955	+0.034%	$2.1M	$6.7M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000005955	+0.032%	$53K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0111%	8h	0.000005966	+0.211%	$7K	$13	20x	as long as short
Pacifica kSHIB	+0.0135%	1h	0.000005961	+0.134%	$12K	$4K	10x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000005000	−16.009%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000005961	+0.134%	$872K	$887K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000005956	+0.049%	$1	—	20x	as long as short