SHIB

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After costs, if the gap returns to its 7d average, $10k−$86

spread now−0.177%7d average−0.006%fees + slippage, in and out−$68spread needed0.685%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SHIBUSD	0.000005876	0.0359	pay 0.0045% / 1h	35m 32s	$1.1M	$688K	50x
Short	BloFin SHIB-USDT	0.000005866	0.0220	get 0.0220% / 8h	35m 32s	$743K	$845K	50x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee Kraken FuturesbpFee BloFinbpOrdersClose when spread is

Slippage from Kraken Futures: live order book, 4 min ago; BloFin: live order book, 13 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 4 min ago	5.95 bp	20.9 bp −$21	42.7 bp −$427	doesn't fit	doesn't fit
Sell BloFin live order book, 13 min ago	2.54 bp	10.3 bp −$10	18.4 bp −$184	doesn't fit	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
GMX SHIB/USD [ETH-USDC]	−14.914%	L +0.0214% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−1.862%	+0.0306%	1h	$236	$110K	5.5x	as long as short
BingX 1000SHIB-USDC	−0.568%	+0.0080%	8h	—	$1.6M	—	as long as short
Gate SHIB_USDT	−0.517%	+0.0072%	8h	$6.6M	$4.4M	75x	as long as short
Extended 1000SHIB-USD	−0.517%	+0.0104%	1h	$52K	$6K	25x	as long as short
Paradex kSHIB-USD-PERP	−0.484%	+0.0096%	8h	$7K	—	20x	as long as short
OKX SHIB-USDT-SWAP	−0.466%	+0.0100%	8h	$7.6M	$22.2M	50x	as long as short
Reya kSHIBRUSDPERP	−0.450%	+0.0323%	1h	$1	—	20x	as long as short
Bitget SHIBUSDT	−0.415%	+0.0100%	8h	$11.1M	$10.0M	75x	as long as short
MEXC SHIB_USDT	−0.364%	+0.0100%	8h	$34.9M	$10.5M	300x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Binance 1000SHIBUSDT	−0.301%	+0.0100%	8h	$28.4M	$66.4M	75x	as long as short
Lighter 1000SHIB	−0.296%	+0.0096%	1h	$155K	$292K	10x	as long as short
Pacifica kSHIB	−0.262%	+0.0100%	1h	$11K	$4K	10x	as long as short
Kalshi KXKSHIBPERP	−0.242%	0.0000%	8h	$264K	$1.2M	2x	as long as short
dYdX SHIB-USD	−0.217%	+0.1491%	1h	$22K	$66K	10x	as long as short
BloFin SHIB-USDTshort	−0.177%	+0.0220%	8h	$743K	$845K	50x
KuCoin SHIBUSDTM	−0.126%	+0.0100%	8h	$5.0M	$2.2M	75x	as long as short
Coinbase International 1000SHIB-PERP-INTX	−0.126%	−0.0008%	1h	$93K	$881K	50x	as long as short
Aster 1000SHIBUSDT	−0.102%	+0.0100%	8h	$46K	$170K	50x	as long as short
gTrade (Gains Network) SHIB/USD	−0.088%	L +0.0007% / S −0.0008%	1h	$1K	—	150x	as long as short
HTX SHIB-USDT	−0.075%	+0.0100%	8h	$399K	$787K	75x	as long as short
Backpack kSHIB_USDC_PERP	−0.024%	+0.0100%	1h	$27K	$4K	15x	as long as short
Orderly PERP_1000SHIB_USDC	−0.024%	+0.0100%	8h	$6K	$1K	20x	as long as short
SoDEX 1000SHIB-USD	−0.024%	+0.0100%	1h	$515	$5K	10x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	−0.007%	0.0000%	1h	$37K	$63K	25x	as long as short
Kraken Futures PF_SHIBUSDlong	0.000%	+0.0359%	1h	$1.1M	$688K	50x
Hyperliquid kSHIB	+0.044%	+0.0200%	1h	$3.5M	$2.2M	10x	as long as short
Phemex u1000SHIBUSDT	+0.061%	+0.0100%	8h	$2.1M	$4.3M	50x	as long as short
SunX SHIB-USDT	+0.095%	+0.0100%	8h	$2K	$19K	20x	as long as short