After costs, if the gap returns to its 7d average, $10k−$63
spread now−0.019%7d average+0.085%fees + slippage, in and out−$53spread needed0.526%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXKSHIBPERP | 0.000005941 | 0 | get 0.0000% / 8h | 2h 43m | $103K | $1.6M | 2x |
| Short | Phemex u1000SHIBUSDT | 0.000005940 | 0.0100 | get 0.0100% / 8h | 6h 43m | $2.1M | $4.7M | 50x |
Phemex u1000SHIBUSDTPrice 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
- −$1.85
- Funding while held
- $3
- Slippage, 4 orders
- −$30.64
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$51.49
- Spread needed to break even
- 0.526%
Slippage from Kalshi: live order book, 1 min ago; Phemex: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 Kalshi live order book, 1 min ago | 4.72 bp | 16.2 bp −$16 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 0.84 bp | 12.7 bp −$13 | 60.3 bp −$603 | doesn't fit | doesn't fit |
SHIB price on every exchange
against the cheapest. Click to use as the short leg.GMX0.000005000cheapest
Injective0.000005767+15.340%BloFin0.000005926+18.520%Pacifica0.000005929+18.580%dYdX0.000005930+18.604%Gate0.000005931+18.620%OKX0.000005933+18.660%KuCoin0.000005935+18.700%HTX0.000005935+18.700%Extended0.000005936+18.720%BingX0.000005936+18.720%Reya0.000005936+18.730%Paradex0.000005937+18.731%Lighter0.000005937+18.740%SoDEX0.000005937+18.740%MEXC0.000005937+18.740%Bitget0.000005938+18.760%Aster0.000005939+18.776%Kraken Futures0.000005939+18.778%Backpack0.000005939+18.780%Binance0.000005939+18.789%gTrade (Gains Network)0.000005940+18.794%
GMX
Injective
BloFin
Pacifica
dYdX
Gate
OKX
KuCoin
HTX
Extended
BingX
Reya
Paradex
Lighter
SoDEX
MEXC
Bitget
Aster
Kraken Futures
Backpack
Binance
gTrade (Gains Network)Phemex0.000005940+18.800%
Orderly0.000005941+18.820%Deribit0.000005941+18.820%Hyperliquid0.000005944+18.880%SunX0.000005948+18.960%Coinbase International0.000005954+19.080%
Orderly
Deribit
Hyperliquid
SunX
Coinbase InternationalSHIB 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] | −15.841% | L +0.0213% / S −0.2404% | 1h | $1K | — | 100x | as long as short |
| Injective SHIB/USDC PERP | −2.930% | +0.0033% | 1h | $236 | $53K | 5.5x | as long as short |
| BloFin SHIB-USDT | −0.254% | +0.0220% | 8h | $743K | $918K | 50x | as long as short |
| Pacifica kSHIB | −0.204% | +0.0100% | 1h | $11K | $4K | 10x | as long as short |
| dYdX SHIB-USD | −0.184% | +0.2933% | 1h | $23K | $66K | 10x | as long as short |
| Gate SHIB_USDT | −0.170% | +0.0100% | 8h | $6.7M | $5.1M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | −0.136% | +0.0100% | 8h | $7.8M | $26.5M | 50x | as long as short |
| KuCoin SHIBUSDTM | −0.103% | +0.0100% | 8h | $4.7M | $2.4M | 75x | as long as short |
| HTX SHIB-USDT | −0.103% | +0.0100% | 8h | $398K | $715K | 75x | as long as short |
| Extended 1000SHIB-USD | −0.086% | +0.0104% | 1h | $53K | $6K | 25x | as long as short |