data as of
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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.

Spread before costs (cost unknown: a leg has no order-book sample)+2.965%
7d average−0.215%if it closes, per $10,000$297funding while held, a day−$9.17
Long on InjectiveShort on Kalshi
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective SHIB/USDC PERP0.0000057670.0306pay 0.0038% / 1h49m 44s$236$110K5.5x
ShortKalshi KXKSHIBPERP0.0000059380get 0.0000% / 8h4h 49m$302K$989K2x

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
$296.51
Funding while held
−$9.17
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Kalshi: 5 bp × 2 orders
−$10
Net
$277.33
Spread needed to break even
0.100%
Slippage unknown: Injective: no order-book sample; Kalshi: live order book, 65 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0306%
Per $10,000 a day
−$9.17
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 Injective no order-book sample—————
Sell Kalshi live order book, 65 min ago5.62 bp13.3 bp −$1322.9 bp −$229doesn't fitdoesn't fit
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
Injective0.000005767+15.340%
Gate0.000005915+18.300%Extended0.000005916+18.323%Bitget0.000005917+18.340%OKX0.000005918+18.360%Phemex0.000005918+18.360%BingX0.000005919+18.380%MEXC0.000005919+18.380%HTX0.000005920+18.400%Paradex0.000005921+18.418%Aster0.000005922+18.432%Backpack0.000005922+18.440%dYdX0.000005922+18.447%Lighter0.000005924+18.480%Binance0.000005926+18.516%Kraken Futures0.000005926+18.519%KuCoin0.000005926+18.520%Orderly0.000005926+18.520%SoDEX0.000005926+18.520%Deribit0.000005926+18.520%Reya0.000005926+18.529%Pacifica0.000005927+18.540%gTrade (Gains Network)0.000005927+18.546%BloFin0.000005929+18.580%Coinbase International0.000005930+18.600%Hyperliquid0.000005932+18.640%SunX0.000005932+18.640%
Kalshi0.000005938+18.760%

SHIB on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
GMX SHIB/USD [ETH-USDC]−13.300%L +0.0215% / S −0.2404%1h$1K—100xas long as short
Injective SHIB/USDC PERPlong0.000%+0.0306%1h$236$110K5.5x
Gate SHIB_USDT+2.566%+0.0070%8h$6.7M$4.3M75xas long as short
Extended 1000SHIB-USD+2.586%+0.0104%1h$52K$6K25xas long as short
Bitget SHIBUSDT+2.601%+0.0100%8h$11.3M$9.7M75xas long as short
OKX SHIB-USDT-SWAP+2.618%+0.0100%8h$7.7M$21.7M50xas long as short
Phemex u1000SHIBUSDT+2.618%+0.0100%8h$2.1M$4.3M50xas long as short
BingX 1000SHIB-USDT+2.636%+0.0070%8h—$2.2M—as long as short
MEXC SHIB_USDT+2.636%+0.0100%8h$20.0M$8.4M300xas long as short
HTX SHIB-USDT+2.653%+0.0100%8h$403K$776K75xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Paradex kSHIB-USD-PERP+2.668%+0.0098%8h$7K—20xas long as short
Aster 1000SHIBUSDT+2.681%+0.0100%8h$47K$164K50xas long as short
Backpack kSHIB_USDC_PERP+2.688%+0.0157%1h$27K$4K15xas long as short
dYdX SHIB-USD+2.694%0.0000%1h$35K$54K10xas long as short
Lighter 1000SHIB+2.722%+0.0096%1h$159K$211K10xas long as short
Binance 1000SHIBUSDT+2.754%+0.0100%8h$28.7M$62.1M75xas long as short
Kraken Futures PF_SHIBUSD+2.756%+0.0356%1h$1.1M$664K50xas long as short
KuCoin SHIBUSDTM+2.757%+0.0100%8h$4.9M$2.1M75xas long as short
Orderly PERP_1000SHIB_USDC+2.757%+0.0100%8h$6K$1K20xas long as short
SoDEX 1000SHIB-USD+2.757%+0.0100%1h$529$6K10xas long as short
Deribit 1000SHIB_USDC-PERPETUAL+2.757%0.0000%1h$37K$62K25xas long as short
Reya kSHIBRUSDPERP+2.765%+0.0323%1h$1—20xas long as short
Pacifica kSHIB+2.774%+0.0100%1h$11K$4K10xas long as short
gTrade (Gains Network) SHIB/USD+2.780%L +0.0007% / S −0.0008%1h$1K—150xas long as short
BloFin SHIB-USDT+2.809%+0.0220%8h$731K$833K50xas long as short
Coinbase International 1000SHIB-PERP-INTX+2.826%−0.0008%1h$93K$906K50xas long as short
Hyperliquid kSHIB+2.861%+0.0280%1h$3.6M$2.2M10xas long as short
SunX SHIB-USDT+2.861%+0.0100%8h$2K$18K20xas long as short
Kalshi KXKSHIBPERPshort+2.965%0.0000%8h$302K$989K2x