After costs, if the gap returns to its 7d average, $10k−$37
spread now−0.176%7d average−0.113%fees + slippage, in and out−$31spread needed0.307%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid kSHIB | 0.000005698 | 0.0190 | pay 0.0024% / 1h | 50m 30s | $3.3M | $1.6M | 10x |
| Short | Lighter 1000SHIB | 0.000005688 | 0.0096 | get 0.0012% / 1h | 50m 30s | $152K | $183K | 10x |
Hyperliquid kSHIB
Lighter 1000SHIBPrice 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
- −$17.55
- Funding while held
- −$2.83
- Slippage, 4 orders
- −$21.7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$51.08
- Spread needed to break even
- 0.307%
Slippage from Hyperliquid: live order book, 2 min ago; Lighter: live order book, 60 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0094%
- Per $10,000 a day
- −$2.83
- 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, 2 min ago | 1.76 bp | 9.7 bp −$10 | 18.1 bp −$181 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 60 min ago | 1.74 bp | 5.3 bp −$5 | 50.2 bp −$502 | doesn't fit | doesn'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%BloFin0.000005675+13.500%HTX0.000005676+13.520%gTrade (Gains Network)0.000005677+13.540%Orderly0.000005678+13.560%Kalshi0.000005680+13.604%Kraken Futures0.000005681+13.617%SoDEX0.000005681+13.620%Deribit0.000005681+13.620%Backpack0.000005682+13.640%Aster0.000005683+13.663%Gate0.000005686+13.720%MEXC0.000005686+13.720%Extended0.000005686+13.727%KuCoin0.000005687+13.740%dYdX0.000005688+13.750%OKX0.000005688+13.760%
GMX
Injective
Coinbase International
BloFin
HTX
gTrade (Gains Network)
Orderly
Kraken Futures
SoDEX
Deribit
Backpack
Aster
Gate
MEXC
Extended
KuCoin
dYdX
OKXLighter0.000005688+13.760%
SunX0.000005689+13.780%Reya0.000005689+13.781%Pacifica0.000005690+13.800%Bitget0.000005690+13.800%BingX0.000005690+13.800%Phemex0.000005690+13.800%Binance0.000005692+13.831%Paradex0.000005692+13.840%
SunX
Reya
Pacifica
Bitget
BingX
Phemex
Binance
ParadexHyperliquid0.000005698+13.960%
SHIB 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] | −12.250% | L +0.0214% / S −0.2404% | 1h | $1K | — | 100x | as long as short |
| Injective SHIB/USDC PERP | −3.949% | +0.0033% | 1h | $224 | $74K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.684% | +0.0008% | 1h | $89K | $895K | 50x | as long as short |
| BloFin SHIB-USDT | −0.404% | +0.0220% | 8h | $719K | $767K | 50x | as long as short |
| HTX SHIB-USDT | −0.386% | +0.0100% | 8h | $386K | $716K | 75x | as long as short |
| gTrade (Gains Network) SHIB/USD | −0.369% | L +0.0006% / S −0.0001% | 1h | $691 | — | 150x | as long as short |
| Orderly PERP_1000SHIB_USDC | −0.351% | +0.0100% | 8h | $6K | $1K | 20x | as long as short |
| Kalshi KXKSHIBPERP | −0.312% | 0.0000% | 8h | $288K | $925K | 2x | as long as short |
| Kraken Futures PF_SHIBUSD | −0.301% | +0.0346% | 1h | $1.1M | $586K | 50x | as long as short |
| SoDEX 1000SHIB-USD | −0.298% | +0.0100% | 1h | $509 | $6K | 10x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit 1000SHIB_USDC-PERPETUAL | −0.298% | 0.0000% | 1h | $45K | $52K | 25x | as long as short |
| Backpack kSHIB_USDC_PERP | −0.281% | +0.0100% | 1h | $23K | $3K | 15x | as long as short |
| Aster 1000SHIBUSDT | −0.261% | +0.0100% | 8h | $43K | $156K | 50x | as long as short |
| Gate SHIB_USDT | −0.211% | +0.0080% | 8h | $6.4M | $3.7M | 75x | as long as short |
| MEXC SHIB_USDT | −0.211% | +0.0100% | 8h | $19.4M | $8.1M | 300x | as long as short |
| Extended 1000SHIB-USD | −0.204% | +0.0104% | 1h | $50K | $6K | 25x | as long as short |
| KuCoin SHIBUSDTM | −0.193% | +0.0100% | 8h | $4.6M | $1.9M | 75x | as long as short |
| dYdX SHIB-USD | −0.184% | +0.5712% | 1h | $33K | $54K | 10x | as long as short |
| OKX SHIB-USDT-SWAP | −0.176% | +0.0100% | 8h | $7.4M | $18.3M | 50x | as long as short |
| Lighter 1000SHIBshort | −0.176% | +0.0096% | 1h | $152K | $183K | 10x | |
| SunX SHIB-USDT | −0.158% | +0.0100% | 8h | $2K | $16K | 20x | as long as short |
| Reya kSHIBRUSDPERP | −0.157% | +0.0323% | 1h | $1 | — | 20x | as long as short |
| Pacifica kSHIB | −0.140% | +0.0100% | 1h | $11K | $2K | 10x | as long as short |
| Bitget SHIBUSDT | −0.140% | +0.0100% | 8h | $10.8M | $8.5M | 75x | as long as short |
| BingX 1000SHIB-USDC | −0.140% | +0.0080% | 8h | — | $1.6M | — | as long as short |
| Phemex u1000SHIBUSDT | −0.140% | +0.0100% | 8h | $2.1M | $4.1M | 50x | as long as short |
| Binance 1000SHIBUSDT | −0.113% | +0.0100% | 8h | $27.3M | $54.9M | 75x | as long as short |
| Paradex kSHIB-USD-PERP | −0.105% | +0.0100% | 8h | $7K | — | 20x | as long as short |
| Hyperliquid kSHIBlong | 0.000% | +0.0190% | 1h | $3.3M | $1.6M | 10x |