SHIB

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After costs, if the gap returns to its 7d average, $10k−$84

spread now−0.085%7d average+0.003%fees + slippage, in and out−$75spread needed0.752%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SHIB-USDT	0.000005866	0.0100	pay 0.0100% / 8h	57m 55s	$401K	$769K	75x
Short	Gate SHIB_USDT	0.000005861	0.0074	get 0.0074% / 8h	57m 55s	$6.6M	$4.0M	75x

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 HTXbpFee GatebpOrdersClose when spread is

Slippage from HTX: live order book, 57 min ago; Gate: live order book, 2 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 57 min ago	4.38 bp	16.1 bp −$16	98.7 bp −$987	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.56 bp	14.5 bp −$15	29.8 bp −$298	doesn't fit	doesn't fit

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]	−14.763%	L +0.0215% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−1.688%	+0.0306%	1h	$236	$110K	5.5x	as long as short
MEXC SHIB_USDT	−0.119%	+0.0100%	8h	$19.9M	$8.1M	300x	as long as short
BloFin SHIB-USDT	−0.102%	+0.0220%	8h	$713K	$823K	50x	as long as short
Gate SHIB_USDTshort	−0.085%	+0.0074%	8h	$6.6M	$4.0M	75x
KuCoin SHIBUSDTM	−0.085%	+0.0100%	8h	$5.0M	$2.0M	75x	as long as short
Extended 1000SHIB-USD	−0.073%	+0.0104%	1h	$52K	$6K	25x	as long as short
OKX SHIB-USDT-SWAP	−0.068%	+0.0100%	8h	$7.6M	$20.3M	50x	as long as short
Bitget SHIBUSDT	−0.068%	+0.0100%	8h	$11.0M	$9.3M	75x	as long as short
Reya kSHIBRUSDPERP	−0.054%	+0.0323%	1h	$1	—	20x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
BingX 1000SHIB-USDT	−0.034%	+0.0070%	8h	—	$2.2M	—	as long as short
Aster 1000SHIBUSDT	−0.029%	+0.0100%	8h	$46K	$164K	50x	as long as short
Lighter 1000SHIB	−0.017%	+0.0096%	1h	$159K	$207K	10x	as long as short
Backpack kSHIB_USDC_PERP	−0.017%	+0.0327%	1h	$24K	$3K	15x	as long as short
HTX SHIB-USDTlong	0.000%	+0.0100%	8h	$401K	$769K	75x
Orderly PERP_1000SHIB_USDC	+0.017%	+0.0100%	8h	$6K	$1K	20x	as long as short
SoDEX 1000SHIB-USD	+0.017%	+0.0100%	1h	$516	$5K	10x	as long as short
Kraken Futures PF_SHIBUSD	+0.021%	+0.0359%	1h	$1.1M	$654K	50x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.034%	0.0000%	1h	$46K	$52K	25x	as long as short
Binance 1000SHIBUSDT	+0.042%	+0.0100%	8h	$28.4M	$59.1M	75x	as long as short
dYdX SHIB-USD	+0.048%	0.0000%	1h	$34K	$54K	10x	as long as short
Pacifica kSHIB	+0.068%	+0.0100%	1h	$12K	$3K	10x	as long as short
Phemex u1000SHIBUSDT	+0.068%	+0.0100%	8h	$2.1M	$4.3M	50x	as long as short
gTrade (Gains Network) SHIB/USD	+0.073%	L +0.0007% / S −0.0008%	1h	$1K	—	150x	as long as short
Hyperliquid kSHIB	+0.153%	+0.0409%	1h	$3.5M	$2.0M	10x	as long as short
Paradex kSHIB-USD-PERP	+0.155%	+0.0100%	8h	$7K	—	20x	as long as short
SunX SHIB-USDT	+0.170%	+0.0100%	8h	$2K	$17K	20x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.205%	−0.0008%	1h	$93K	$911K	50x	as long as short
Kalshi KXKSHIBPERP	+0.288%	0.0000%	8h	$300K	$955K	2x	as long as short