Spread before costs (cost unknown: a leg has no order-book sample)−2.782%
7d average—if it closes, per $10,000$278funding while held, a day−$13.27
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid kSHIB | 0.000005932 | 0.0476 | pay 0.0059% / 1h | 38m 17s | $4.3M | $3.6M | 10x |
| Short | Injective SHIB/USDC PERP | 0.000005767 | 0.0033 | get 0.0004% / 1h | 38m 17s | $236 | $53K | 5.5x |
Hyperliquid kSHIB
Injective SHIB/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
- −$278.15
- Funding while held
- −$13.27
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$300.45
- Spread needed to break even
- 0.090%
Slippage unknown: Hyperliquid: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0442%
- Per $10,000 a day
- −$13.27
- 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, 5 min ago | 2.53 bp | 10.0 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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
GMXInjective0.000005767+15.340%
Coinbase International0.000005882+17.640%Kalshi0.000005908+18.152%Extended0.000005917+18.349%OKX0.000005918+18.360%BingX0.000005919+18.380%Bitget0.000005920+18.400%Deribit0.000005920+18.400%HTX0.000005920+18.400%BloFin0.000005920+18.400%gTrade (Gains Network)0.000005920+18.402%dYdX0.000005920+18.406%Phemex0.000005921+18.420%Reya0.000005921+18.422%SoDEX0.000005922+18.440%Aster0.000005922+18.443%Gate0.000005923+18.460%Orderly0.000005923+18.460%Backpack0.000005924+18.480%MEXC0.000005924+18.480%Lighter0.000005925+18.500%Pacifica0.000005925+18.500%Kraken Futures0.000005926+18.517%KuCoin0.000005926+18.520%Binance0.000005928+18.558%SunX0.000005928+18.560%
Coinbase International
Extended
OKX
BingX
Bitget
Deribit
HTX
BloFin
gTrade (Gains Network)
dYdX
Phemex
Reya
SoDEX
Aster
Gate
Orderly
Backpack
MEXC
Lighter
Pacifica
Kraken Futures
KuCoin
Binance
SunXHyperliquid0.000005932+18.640%
Paradex0.000005933+18.659%
ParadexSHIB 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] | −15.711% | L +0.0213% / S −0.2404% | 1h | $1K | — | 100x | as long as short |
| Injective SHIB/USDC PERPshort | −2.782% | +0.0033% | 1h | $236 | $53K | 5.5x | |
| Coinbase International 1000SHIB-PERP-INTX | −0.843% | −0.0048% | 1h | $86K | $754K | 50x | as long as short |
| Kalshi KXKSHIBPERP | −0.411% | 0.0000% | 8h | $106K | $1.5M | 2x | as long as short |
| Extended 1000SHIB-USD | −0.245% | +0.0104% | 1h | $52K | $6K | 25x | as long as short |
| OKX SHIB-USDT-SWAP | −0.236% | +0.0100% | 8h | $7.8M | $26.2M | 50x | as long as short |
| BingX 1000SHIB-USDT | −0.219% | +0.0009% | 8h | — | $2.2M | — | as long as short |
| Bitget SHIBUSDT | −0.202% | +0.0100% | 8h | $11.5M | $11.4M | 75x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | −0.202% | 0.0000% | 1h | $42K | $64K | 25x | as long as short |
| HTX SHIB-USDT | −0.202% | +0.0100% | 8h | $396K | $703K | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin SHIB-USDT | −0.202% | +0.0220% | 8h | $747K | $919K | 50x | as long as short |
| gTrade (Gains Network) SHIB/USD | −0.201% | L +0.0006% / S −0.0006% | 1h | $15K | — | 150x | as long as short |
| dYdX SHIB-USD | −0.197% | +0.3430% | 1h | $23K | $66K | 10x | as long as short |
| Phemex u1000SHIBUSDT | −0.185% | +0.0100% | 8h | $2.1M | $4.7M | 50x | as long as short |
| Reya kSHIBRUSDPERP | −0.184% | +0.0323% | 1h | $1 | — | 20x | as long as short |
| SoDEX 1000SHIB-USD | −0.169% | +0.0100% | 1h | $551 | $5K | 10x | as long as short |
| Aster 1000SHIBUSDT | −0.166% | +0.0100% | 8h | $40K | $161K | 50x | as long as short |
| Gate SHIB_USDT | −0.152% | +0.0100% | 8h | $6.7M | $5.1M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | −0.152% | +0.0100% | 8h | $6K | $1K | 20x | as long as short |
| Backpack kSHIB_USDC_PERP | −0.135% | +0.0100% | 1h | $27K | $4K | 15x | as long as short |
| MEXC SHIB_USDT | −0.135% | +0.0100% | 8h | $33.6M | $14.6M | 300x | as long as short |
| Lighter 1000SHIB | −0.118% | +0.0096% | 1h | $151K | $304K | 10x | as long as short |
| Pacifica kSHIB | −0.118% | +0.0100% | 1h | $11K | $4K | 10x | as long as short |
| Kraken Futures PF_SHIBUSD | −0.103% | +0.0042% | 1h | $1.1M | $745K | 50x | as long as short |
| KuCoin SHIBUSDTM | −0.101% | +0.0100% | 8h | $4.7M | $2.4M | 75x | as long as short |
| Binance 1000SHIBUSDT | −0.069% | +0.0100% | 8h | $28.8M | $79.3M | 75x | as long as short |
| SunX SHIB-USDT | −0.067% | +0.0100% | 8h | $2K | $22K | 20x | as long as short |
| Hyperliquid kSHIBlong | 0.000% | +0.0476% | 1h | $4.3M | $3.6M | 10x | |
| Paradex kSHIB-USD-PERP | +0.016% | +0.0099% | 8h | $7K | — | 20x | as long as short |