data as of
Settings8H · net · $10k
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Price arb /

SHIB

all SHIB markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$83
spread now−0.492%7d average−0.108%fees + slippage, in and out−$45spread needed0.447%
Long on HyperliquidShort on Coinbase International
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid kSHIB0.0000056870.0176pay 0.0022% / 1h51m 53s$3.3M$1.6M10x
ShortCoinbase International 1000SHIB-PERP-INTX0.0000056590.0008get 0.0001% / 1h51m 53s$89K$895K50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$49.24
Funding while held
−$5.04
Slippage, 4 orders
−$25.74
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$99.01
Spread needed to break even
0.447%
Slippage from Hyperliquid: live order book, 1 min ago; Coinbase International: live order book, 48 min ago.

Cost of waiting

funding view
Funding /8h
−0.0168%
Per $10,000 a day
−$5.04
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 1 min ago1.76 bp9.7 bp −$1018.1 bp −$181doesn't fitdoesn't fit
Sell Coinbase International live order book, 48 min ago6.98 bp13.6 bp −$1419.3 bp −$193doesn't fitdoesn't fit

SHIB price on every exchange

against the cheapest. Click to use as the short leg.
GMX0.000005000cheapest
Injective0.000005473+9.460%
Coinbase International0.000005659+13.180%
BloFin0.000005667+13.340%Extended0.000005674+13.474%Aster0.000005675+13.492%Paradex0.000005675+13.504%Reya0.000005675+13.507%OKX0.000005676+13.520%MEXC0.000005676+13.520%Kalshi0.000005677+13.536%BingX0.000005677+13.540%dYdX0.000005677+13.549%Gate0.000005679+13.580%KuCoin0.000005679+13.580%Bitget0.000005679+13.580%gTrade (Gains Network)0.000005679+13.580%Binance0.000005681+13.620%HTX0.000005681+13.620%Pacifica0.000005682+13.640%Orderly0.000005682+13.640%Phemex0.000005682+13.640%Lighter0.000005683+13.660%Backpack0.000005683+13.660%SoDEX0.000005684+13.680%Deribit0.000005685+13.700%Kraken Futures0.000005686+13.714%
Hyperliquid0.000005687+13.740%
SunX0.000005693+13.860%

SHIB on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
GMX SHIB/USD [ETH-USDC]−12.080%L +0.0214% / S −0.2404%1h$1K—100xas long as short
Injective SHIB/USDC PERP−3.763%+0.0033%1h$224$74K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTXshort−0.492%+0.0008%1h$89K$895K50x
BloFin SHIB-USDT−0.352%+0.0220%8h$710K$764K50xas long as short
Extended 1000SHIB-USD−0.234%+0.0104%1h$50K$6K25xas long as short
Aster 1000SHIBUSDT−0.218%+0.0100%8h$43K$156K50xas long as short
Paradex kSHIB-USD-PERP−0.208%+0.0100%8h$6K—20xas long as short
Reya kSHIBRUSDPERP−0.205%+0.0323%1h$1—20xas long as short
OKX SHIB-USDT-SWAP−0.193%+0.0100%8h$7.4M$18.2M50xas long as short
MEXC SHIB_USDT−0.193%+0.0100%8h$19.4M$8.1M300xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kalshi KXKSHIBPERP−0.179%0.0000%8h$288K$925K2xas long as short
BingX 1000SHIB-USDT−0.176%+0.0080%8h—$2.1M—as long as short
dYdX SHIB-USD−0.168%+0.6279%1h$33K$54K10xas long as short
Gate SHIB_USDT−0.141%+0.0076%8h$6.4M$3.7M75xas long as short
KuCoin SHIBUSDTM−0.141%+0.0100%8h$4.5M$1.9M75xas long as short
Bitget SHIBUSDT−0.141%+0.0100%8h$10.8M$8.5M75xas long as short
gTrade (Gains Network) SHIB/USD−0.141%L +0.0006% / S −0.0001%1h$691—150xas long as short
Binance 1000SHIBUSDT−0.106%+0.0100%8h$27.3M$54.8M75xas long as short
HTX SHIB-USDT−0.106%+0.0100%8h$386K$716K75xas long as short
Pacifica kSHIB−0.088%+0.0100%1h$11K$2K10xas long as short
Orderly PERP_1000SHIB_USDC−0.088%+0.0100%8h$6K$1K20xas long as short
Phemex u1000SHIBUSDT−0.088%+0.0100%8h$2.1M$4.0M50xas long as short
Lighter 1000SHIB−0.070%+0.0096%1h$152K$183K10xas long as short
Backpack kSHIB_USDC_PERP−0.070%+0.0100%1h$24K$3K15xas long as short
SoDEX 1000SHIB-USD−0.053%+0.0100%1h$506$6K10xas long as short
Deribit 1000SHIB_USDC-PERPETUAL−0.035%0.0000%1h$45K$52K25xas long as short
Kraken Futures PF_SHIBUSD−0.023%+0.0345%1h$1.1M$586K50xas long as short
Hyperliquid kSHIBlong0.000%+0.0176%1h$3.3M$1.6M10x
SunX SHIB-USDT+0.106%+0.0100%8h$2K$16K20xas long as short