Spread before costs (cost unknown: a leg has no order-book sample)+0.101%
7d average—if it closes, per $10,000$10funding while held, a day−$11.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid kSHIB | 0.000005930 | 0.0467 | pay 0.0058% / 1h | 42m 17s | $4.3M | $3.7M | 10x |
| Short | Backpack kSHIB_USDC_PERP | 0.000005936 | 0.0100 | get 0.0013% / 1h | 42m 17s | $27K | $4K | 15x |
Hyperliquid kSHIB
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
- $10.12
- Funding while held
- −$11
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$19.89
- Spread needed to break even
- 0.190%
Slippage unknown: Hyperliquid: live order book, 11 min ago; Backpack: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0367%
- Per $10,000 a day
- −$11.00
- 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 Hyperliquid live order book, 11 min ago | 1.68 bp | 12.8 bp −$13 | doesn't fit | 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%Aster0.000005915+18.301%KuCoin0.000005916+18.320%Extended0.000005918+18.365%OKX0.000005919+18.380%Gate0.000005919+18.380%Paradex0.000005920+18.396%BingX0.000005920+18.400%dYdX0.000005920+18.405%Reya0.000005921+18.416%Bitget0.000005922+18.440%Orderly0.000005922+18.440%MEXC0.000005923+18.460%gTrade (Gains Network)0.000005924+18.470%Kraken Futures0.000005924+18.476%Pacifica0.000005924+18.480%Deribit0.000005924+18.480%Binance0.000005925+18.509%Lighter0.000005926+18.520%
GMX
Injective
Aster
KuCoin
Extended
OKX
Gate
Paradex
BingX
dYdX
Reya
Bitget
Orderly
MEXC
gTrade (Gains Network)
Kraken Futures
Pacifica
Deribit
Binance
LighterHyperliquid0.000005930+18.600%
Phemex0.000005930+18.600%SunX0.000005931+18.620%HTX0.000005931+18.620%BloFin0.000005932+18.640%SoDEX0.000005935+18.700%
Phemex
SunX
HTX
BloFin
SoDEXBackpack0.000005936+18.720%
Kalshi0.000005938+18.768%Coinbase International0.000005954+19.080%
Coinbase InternationalSHIB 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] | −15.683% | L +0.0214% / S −0.2404% | 1h | $1K | — | 100x | as long as short |
| Injective SHIB/USDC PERP | −2.749% | +0.0033% | 1h | $236 | $53K | 5.5x | as long as short |
| Aster 1000SHIBUSDT | −0.252% | +0.0100% | 8h | $40K | $184K | 50x | as long as short |
| KuCoin SHIBUSDTM | −0.236% | +0.0100% | 8h | $4.7M | $2.4M | 75x | as long as short |
| Extended 1000SHIB-USD | −0.198% | +0.0104% | 1h | $53K | $6K | 25x | as long as short |
| OKX SHIB-USDT-SWAP | −0.185% | +0.0100% | 8h | $7.8M | $26.4M | 50x | as long as short |
| Gate SHIB_USDT | −0.185% | +0.0084% | 8h | $6.7M | $5.1M | 75x | as long as short |
| Paradex kSHIB-USD-PERP | −0.172% | +0.0099% | 8h | $7K | — | 20x | as long as short |
| BingX 1000SHIB-USDT | −0.169% | +0.0008% | 8h | — | $2.2M | — | as long as short |
| dYdX SHIB-USD | −0.165% | +0.2921% | 1h | $23K | $66K | 10x | as long as short |