SHIB

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After costs, if the gap returns to its 7d average, $10k−$67

spread now−0.006%7d average+0.006%fees + slippage, in and out−$65spread needed0.654%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SHIBUSD	0.000005963	0.0011	pay 0.0001% / 1h	19m 46s	$1.1M	$731K	50x
Short	Coinbase International 1000SHIB-PERP-INTX	0.000005963	0.0016	get 0.0002% / 1h	19m 46s	$87K	$836K	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 Coinbase InternationalbpOrdersClose when spread is

Slippage from Kraken Futures: live order book, 5 min ago; Coinbase International: live order book, 60 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, 5 min ago	4.20 bp	17.2 bp −$17	37.3 bp −$373	doesn't fit	doesn't fit
Sell Coinbase International live order book, 60 min ago	8.40 bp	15.1 bp −$15	17.1 bp −$171	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]	−16.155%	L +0.0214% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−3.293%	+0.0033%	1h	$236	$36K	5.5x	as long as short
BloFin SHIB-USDT	−0.308%	+0.0220%	8h	$735K	$983K	50x	as long as short
OKX SHIB-USDT-SWAP	−0.107%	+0.0100%	8h	$7.7M	$27.2M	50x	as long as short
HTX SHIB-USDT	−0.107%	+0.0100%	8h	$400K	$647K	75x	as long as short
Extended 1000SHIB-USD	−0.099%	+0.0104%	1h	$53K	$4K	25x	as long as short
Gate SHIB_USDT	−0.073%	+0.0100%	8h	$6.8M	$5.3M	75x	as long as short
MEXC SHIB_USDT	−0.073%	+0.0100%	8h	$33.6M	$15.0M	300x	as long as short
dYdX SHIB-USD	−0.056%	+0.1741%	1h	$23K	$66K	10x	as long as short
KuCoin SHIBUSDTM	−0.056%	+0.0100%	8h	$4.7M	$2.4M	75x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
BingX 1000SHIB-USDT	−0.056%	+0.0025%	8h	—	$2.1M	—	as long as short
Aster 1000SHIBUSDT	−0.040%	+0.0100%	8h	$40K	$161K	50x	as long as short
Kalshi KXKSHIBPERP	−0.035%	0.0000%	8h	$105K	$1.5M	2x	as long as short
Lighter 1000SHIB	−0.006%	+0.0096%	1h	$152K	$309K	10x	as long as short
Pacifica kSHIB	−0.006%	+0.0100%	1h	$11K	$4K	10x	as long as short
Backpack kSHIB_USDC_PERP	−0.006%	+0.0022%	1h	$27K	$4K	15x	as long as short
Coinbase International 1000SHIB-PERP-INTXshort	−0.006%	+0.0016%	1h	$87K	$836K	50x
Reya kSHIBRUSDPERP	−0.003%	+0.0323%	1h	$1	—	20x	as long as short
Binance 1000SHIBUSDT	−0.002%	+0.0100%	8h	$29.1M	$82.8M	75x	as long as short
Kraken Futures PF_SHIBUSDlong	0.000%	+0.0011%	1h	$1.1M	$731K	50x
Bitget SHIBUSDT	+0.011%	+0.0100%	8h	$11.5M	$12.0M	75x	as long as short
SoDEX 1000SHIB-USD	+0.011%	+0.0100%	1h	$572	$5K	10x	as long as short
Phemex u1000SHIBUSDT	+0.011%	+0.0100%	8h	$2.1M	$4.9M	50x	as long as short
gTrade (Gains Network) SHIB/USD	+0.026%	L +0.0006% / S −0.0001%	1h	$725	—	150x	as long as short
Paradex kSHIB-USD-PERP	+0.031%	+0.0100%	8h	$7K	—	20x	as long as short
Orderly PERP_1000SHIB_USDC	+0.044%	+0.0100%	8h	$6K	$1K	20x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.044%	+0.0253%	1h	$42K	$64K	25x	as long as short
Hyperliquid kSHIB	+0.128%	+0.0592%	1h	$4.3M	$3.7M	10x	as long as short
SunX SHIB-USDT	+0.212%	+0.0100%	8h	$2K	$22K	20x	as long as short