Spread before costs (cost unknown: a leg has no order-book sample)+2.805%
7d average—if it closes, per $10,000$280funding while held, a day+$0.51
| 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 | 51m 28s | $236 | $110K | 5.5x |
| Short | Reya kSHIBRUSDPERP | 0.000005929 | 0.0323 | get 0.0040% / 1h | 51m 28s | $1 | — | 20x |
Injective SHIB/USDC PERP
Reya kSHIBRUSDPERPPrice 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
- $280.49
- Funding while held
- $0.51
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $274.98
- Spread needed to break even
- 0.060%
Slippage unknown: Injective: no order-book sample; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0017%
- Per $10,000 a day
- +$0.51
- 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 Reya no order-book sample | — | — | — | — | — |
Injective and Reya: 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%
BloFin0.000005876+17.520%Coinbase International0.000005877+17.540%Kalshi0.000005884+17.684%HTX0.000005892+17.840%Phemex0.000005893+17.860%SoDEX0.000005895+17.900%Deribit0.000005896+17.920%Kraken Futures0.000005896+17.929%Backpack0.000005899+17.980%SunX0.000005902+18.040%Lighter0.000005904+18.080%dYdX0.000005905+18.104%Pacifica0.000005907+18.140%Aster0.000005910+18.203%Extended0.000005914+18.276%Paradex0.000005914+18.287%OKX0.000005923+18.460%BingX0.000005925+18.500%Gate0.000005926+18.520%Orderly0.000005928+18.560%
BloFin
Coinbase International
HTX
Phemex
SoDEX
Deribit
Kraken Futures
Backpack
SunX
Lighter
dYdX
Pacifica
Aster
Extended
Paradex
OKX
BingX
Gate
OrderlyReya0.000005929+18.575%
gTrade (Gains Network)0.000005929+18.576%Bitget0.000005930+18.600%MEXC0.000005933+18.660%KuCoin0.000005933+18.660%Binance0.000005934+18.671%Hyperliquid0.000005937+18.740%
gTrade (Gains Network)
Bitget
MEXC
KuCoin
Binance
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 +0.0215% / S −0.2404% | 1h | $1K | — | 100x | as long as short |
| Injective SHIB/USDC PERPlong | 0.000% | +0.0306% | 1h | $236 | $110K | 5.5x | |
| BloFin SHIB-USDT | +1.890% | +0.0220% | 8h | $704K | $826K | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +1.907% | −0.0008% | 1h | $92K | $913K | 50x | as long as short |
| Kalshi KXKSHIBPERP | +2.032% | 0.0000% | 8h | $289K | $976K | 2x | as long as short |
| HTX SHIB-USDT | +2.168% | +0.0100% | 8h | $401K | $776K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +2.185% | +0.0100% | 8h | $2.1M | $4.3M | 50x | as long as short |
| SoDEX 1000SHIB-USD | +2.220% | +0.0100% | 1h | $521 | $5K | 10x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +2.237% | 0.0000% | 1h | $37K | $62K | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +2.245% | +0.0358% | 1h | $1.1M | $662K | 50x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack kSHIB_USDC_PERP | +2.289% | +0.0147% | 1h | $27K | $4K | 15x | as long as short |
| SunX SHIB-USDT | +2.341% | +0.0100% | 8h | $2K | $18K | 20x | as long as short |
| Lighter 1000SHIB | +2.376% | +0.0096% | 1h | $159K | $210K | 10x | as long as short |
| dYdX SHIB-USD | +2.396% | 0.0000% | 1h | $34K | $54K | 10x | as long as short |
| Pacifica kSHIB | +2.428% | +0.0100% | 1h | $12K | $3K | 10x | as long as short |
| Aster 1000SHIBUSDT | +2.482% | +0.0100% | 8h | $47K | $164K | 50x | as long as short |
| Extended 1000SHIB-USD | +2.545% | +0.0104% | 1h | $52K | $6K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +2.555% | +0.0098% | 8h | $7K | — | 20x | as long as short |
| OKX SHIB-USDT-SWAP | +2.705% | +0.0100% | 8h | $7.7M | $21.5M | 50x | as long as short |
| BingX 1000SHIB-USDC | +2.740% | +0.0080% | 8h | — | $1.6M | — | as long as short |
| Gate SHIB_USDT | +2.757% | +0.0069% | 8h | $6.7M | $4.2M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +2.792% | +0.0100% | 8h | $6K | $1K | 20x | as long as short |
| Reya kSHIBRUSDPERPshort | +2.805% | +0.0323% | 1h | $1 | — | 20x | |
| gTrade (Gains Network) SHIB/USD | +2.806% | L +0.0007% / S −0.0008% | 1h | $1K | — | 150x | as long as short |
| Bitget SHIBUSDT | +2.826% | +0.0100% | 8h | $11.3M | $9.6M | 75x | as long as short |
| MEXC SHIB_USDT | +2.878% | +0.0100% | 8h | $20.3M | $8.3M | 300x | as long as short |
| KuCoin SHIBUSDTM | +2.878% | +0.0100% | 8h | $5.0M | $2.1M | 75x | as long as short |
| Binance 1000SHIBUSDT | +2.888% | +0.0100% | 8h | $28.7M | $61.4M | 75x | as long as short |
| Hyperliquid kSHIB | +2.948% | +0.0318% | 1h | $3.6M | $2.2M | 10x | as long as short |