Spread before costs (cost unknown: a leg has no order-book sample)−5.211%
7d average—if it closes, per $10,000$521funding while held, a day−$9.20
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SHIBUSD | 0.000005774 | 0.0340 | pay 0.0043% / 1h | 30m 57s | $1.1M | $587K | 50x |
| Short | Injective SHIB/USDC PERP | 0.000005473 | 0.0033 | get 0.0004% / 1h | 30m 57s | $224 | $74K | 5.5x |
Kraken Futures PF_SHIBUSD
Injective SHIB/USDC PERPPrice 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
- −$521.11
- Funding while held
- −$9.2
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$540.33
- Spread needed to break even
- 0.100%
Slippage unknown: Kraken Futures: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0307%
- Per $10,000 a day
- −$9.20
- 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 Kraken Futures live order book, 4 min ago | 4.35 bp | 19.4 bp −$19 | 35.3 bp −$353 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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
GMXInjective0.000005473+9.460%
Coinbase International0.000005695+13.900%dYdX0.000005761+15.230%Reya0.000005765+15.293%Paradex0.000005766+15.312%Pacifica0.000005766+15.320%gTrade (Gains Network)0.000005766+15.320%Kalshi0.000005768+15.366%HTX0.000005769+15.380%BloFin0.000005769+15.380%Gate0.000005770+15.400%MEXC0.000005770+15.400%Orderly0.000005770+15.400%Phemex0.000005770+15.400%KuCoin0.000005771+15.420%SoDEX0.000005771+15.420%Deribit0.000005771+15.420%Aster0.000005771+15.421%Extended0.000005771+15.428%Lighter0.000005772+15.440%OKX0.000005773+15.460%BingX0.000005773+15.460%Backpack0.000005773+15.460%
Coinbase International
dYdX
Reya
Paradex
Pacifica
gTrade (Gains Network)
HTX
BloFin
Gate
MEXC
Orderly
Phemex
KuCoin
SoDEX
Deribit
Aster
Extended
Lighter
OKX
BingX
BackpackKraken Futures0.000005774+15.478%
Bitget0.000005774+15.480%Binance0.000005775+15.500%Hyperliquid0.000005780+15.600%SunX0.000005781+15.620%
Bitget
Binance
Hyperliquid
SunXSHIB 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] | −13.403% | L +0.0214% / S −0.2404% | 1h | $1K | — | 100x | as long as short |
| Injective SHIB/USDC PERPshort | −5.211% | +0.0033% | 1h | $224 | $74K | 5.5x | |
| Coinbase International 1000SHIB-PERP-INTX | −1.366% | +0.0008% | 1h | $88K | $902K | 50x | as long as short |
| dYdX SHIB-USD | −0.215% | +0.5306% | 1h | $34K | $54K | 10x | as long as short |
| Reya kSHIBRUSDPERP | −0.160% | +0.0323% | 1h | $1 | — | 20x | as long as short |
| Paradex kSHIB-USD-PERP | −0.143% | +0.0100% | 8h | $7K | — | 20x | as long as short |
| Pacifica kSHIB | −0.136% | +0.0100% | 1h | $11K | $2K | 10x | as long as short |
| gTrade (Gains Network) SHIB/USD | −0.136% | L +0.0006% / S −0.0001% | 1h | $701 | — | 150x | as long as short |
| Kalshi KXKSHIBPERP | −0.097% | 0.0000% | 8h | $294K | $922K | 2x | as long as short |
| HTX SHIB-USDT | −0.085% | +0.0100% | 8h | $393K | $724K | 75x | as long as short |