SHIB

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After costs, if the gap returns to its 7d average, $10k−$75

spread now−0.274%7d average−0.115%fees + slippage, in and out−$60spread needed0.595%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid kSHIB	0.000005870	0.0431	pay 0.0054% / 1h	17m 26s	$4.2M	$3.6M	10x
Short	Kraken Futures PF_SHIBUSD	0.000005854	−0.0331	pay 0.0041% / 1h	17m 26s	$1.1M	$773K	50x

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 HyperliquidbpFee Kraken FuturesbpOrdersClose when spread is

Slippage from Hyperliquid: live order book, 6 min ago; Kraken Futures: 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 Hyperliquid live order book, 6 min ago	0.85 bp	12.6 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	6.84 bp	26.4 bp −$26	38.7 bp −$387	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]	−14.821%	L +0.0213% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−1.755%	+0.0033%	1h	$236	$90K	5.5x	as long as short
Coinbase International 1000SHIB-PERP-INTX	−0.460%	−0.0072%	1h	$95K	$827K	50x	as long as short
BloFin SHIB-USDT	−0.443%	+0.0220%	8h	$747K	$909K	50x	as long as short
HTX SHIB-USDT	−0.324%	+0.0100%	8h	$391K	$757K	75x	as long as short
Kraken Futures PF_SHIBUSDshort	−0.274%	−0.0331%	1h	$1.1M	$773K	50x
SoDEX 1000SHIB-USD	−0.273%	+0.0100%	1h	$548	$5K	10x	as long as short
Phemex u1000SHIBUSDT	−0.239%	+0.0368%	8h	$2.1M	$4.6M	50x	as long as short
Backpack kSHIB_USDC_PERP	−0.221%	+0.0100%	1h	$27K	$5K	15x	as long as short
Kalshi KXKSHIBPERP	−0.211%	0.0000%	8h	$112K	$1.6M	2x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX SHIB-USD	−0.194%	+0.7173%	1h	$22K	$66K	10x	as long as short
Reya kSHIBRUSDPERP	−0.181%	+0.0323%	1h	$1	—	20x	as long as short
Gate SHIB_USDT	−0.136%	+0.0004%	8h	$6.6M	$5.1M	75x	as long as short
Aster 1000SHIBUSDT	−0.125%	+0.0100%	8h	$39K	$183K	50x	as long as short
Lighter 1000SHIB	−0.119%	+0.0096%	1h	$152K	$308K	10x	as long as short
Pacifica kSHIB	−0.119%	+0.0100%	1h	$11K	$4K	10x	as long as short
KuCoin SHIBUSDTM	−0.085%	+0.0100%	8h	$4.6M	$2.5M	75x	as long as short
MEXC SHIB_USDT	−0.068%	+0.0100%	8h	$32.2M	$14.3M	300x	as long as short
Extended 1000SHIB-USD	−0.059%	+0.0104%	1h	$52K	$6K	25x	as long as short
OKX SHIB-USDT-SWAP	−0.051%	+0.0100%	8h	$7.7M	$26.2M	50x	as long as short
BingX 1000SHIB-USDC	−0.051%	+0.0080%	8h	—	$1.6M	—	as long as short
gTrade (Gains Network) SHIB/USD	−0.031%	L +0.0006% / S −0.0006%	1h	$15K	—	150x	as long as short
Paradex kSHIB-USD-PERP	−0.026%	+0.0097%	8h	$7K	—	20x	as long as short
Binance 1000SHIBUSDT	−0.017%	+0.0100%	8h	$28.4M	$79.8M	75x	as long as short
Hyperliquid kSHIBlong	0.000%	+0.0431%	1h	$4.2M	$3.6M	10x
Bitget SHIBUSDT	+0.017%	+0.0100%	8h	$11.2M	$11.7M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.017%	+0.0100%	8h	$6K	$1K	20x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.017%	0.0000%	1h	$37K	$59K	25x	as long as short
SunX SHIB-USDT	+0.136%	+0.0100%	8h	$2K	$22K	20x	as long as short