Spread before costs (cost unknown: a leg has no order-book sample)+3.312%
7d average—if it closes, per $10,000$331funding while held, a day−$6.17
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SHIB/USDC PERP | 0.000005767 | 0.0306 | pay 0.0038% / 1h | 14m 10s | $236 | $110K | 5.5x |
| Short | Backpack kSHIB_USDC_PERP | 0.000005958 | 0.0100 | get 0.0013% / 1h | 14m 10s | $27K | $4K | 15x |
Injective SHIB/USDC PERP
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
- $331.19
- Funding while held
- −$6.17
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $315.01
- Spread needed to break even
- 0.100%
Slippage unknown: Injective: no order-book sample; Backpack: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0206%
- Per $10,000 a day
- −$6.17
- 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 Injective no order-book sample | — | — | — | — | — |
| Sell Backpack no order-book sample | — | — | — | — | — |
Injective and 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
GMXInjective0.000005767+15.340%
Coinbase International0.000005913+18.260%BloFin0.000005927+18.540%Phemex0.000005950+19.000%Aster0.000005951+19.023%Reya0.000005952+19.039%gTrade (Gains Network)0.000005953+19.056%Lighter0.000005953+19.060%HTX0.000005953+19.060%Kalshi0.000005954+19.076%Orderly0.000005954+19.080%Extended0.000005955+19.093%Pacifica0.000005955+19.100%SoDEX0.000005955+19.100%Kraken Futures0.000005956+19.112%Paradex0.000005956+19.115%dYdX0.000005956+19.115%Gate0.000005957+19.140%MEXC0.000005957+19.140%KuCoin0.000005957+19.140%Deribit0.000005957+19.140%
Coinbase International
BloFin
Phemex
Aster
Reya
gTrade (Gains Network)
Lighter
HTX
Orderly
Extended
Pacifica
SoDEX
Kraken Futures
Paradex
dYdX
Gate
MEXC
KuCoin
DeribitBackpack0.000005958+19.160%
OKX0.000005960+19.200%Binance0.000005960+19.203%SunX0.000005961+19.220%BingX0.000005963+19.260%Bitget0.000005966+19.320%Hyperliquid0.000005969+19.380%
OKX
Binance
SunX
BingX
Bitget
HyperliquidSHIB 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] | −13.300% | L +0.0214% / S −0.2404% | 1h | $1K | — | 100x | as long as short |
| Injective SHIB/USDC PERPlong | 0.000% | +0.0306% | 1h | $236 | $110K | 5.5x | |
| Coinbase International 1000SHIB-PERP-INTX | +2.532% | −0.0008% | 1h | $95K | $820K | 50x | as long as short |
| BloFin SHIB-USDT | +2.774% | +0.0220% | 8h | $733K | $860K | 50x | as long as short |
| Phemex u1000SHIBUSDT | +3.173% | +0.0100% | 8h | $2.0M | $4.4M | 50x | as long as short |
| Aster 1000SHIBUSDT | +3.193% | +0.0100% | 8h | $44K | $173K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +3.207% | +0.0323% | 1h | $1 | — | 20x | as long as short |
| gTrade (Gains Network) SHIB/USD | +3.222% | L +0.0006% / S −0.0001% | 1h | $724 | — | 150x | as long as short |
| Lighter 1000SHIB | +3.225% | +0.0096% | 1h | $157K | $308K | 10x | as long as short |
| HTX SHIB-USDT | +3.225% | +0.0100% | 8h | $410K | $808K | 75x | as long as short |