SHIB

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After costs, if the gap returns to its 7d average, $10k−$49

spread now−0.187%7d average+0.037%fees + slippage, in and out−$26spread needed0.264%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 1000SHIB	0.000005884	0.0096	pay 0.0012% / 1h	45m 31s	$158K	$211K	10x
Short	Binance 1000SHIBUSDT	0.000005873	0.0100	get 0.0100% / 8h	45m 31s	$28.3M	$62.9M	75x

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 LighterbpFee BinancebpOrdersClose when spread is

Slippage from Lighter: live order book, 60 min ago; Binance: 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 Lighter live order book, 60 min ago	1.75 bp	5.3 bp −$5	41.4 bp −$414	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.85 bp	6.8 bp −$7	15.3 bp −$153	64.6 bp −$6,458	182.5 bp −$91.2K

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]	−15.024%	L +0.0214% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−1.988%	+0.0306%	1h	$236	$110K	5.5x	as long as short
BingX 1000SHIB-USDC	−0.255%	+0.0080%	8h	—	$1.6M	—	as long as short
OKX SHIB-USDT-SWAP	−0.238%	+0.0100%	8h	$7.6M	$21.7M	50x	as long as short
Extended 1000SHIB-USD	−0.210%	+0.0104%	1h	$52K	$6K	25x	as long as short
Binance 1000SHIBUSDTshort	−0.187%	+0.0100%	8h	$28.3M	$62.9M	75x
Gate SHIB_USDT	−0.187%	+0.0074%	8h	$6.7M	$4.3M	75x	as long as short
Paradex kSHIB-USD-PERP	−0.100%	+0.0097%	8h	$7K	—	20x	as long as short
MEXC SHIB_USDT	−0.085%	+0.0100%	8h	$23.1M	$9.0M	300x	as long as short
Bitget SHIBUSDT	−0.085%	+0.0100%	8h	$11.2M	$9.7M	75x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Reya kSHIBRUSDPERP	−0.079%	+0.0323%	1h	$1	—	20x	as long as short
Lighter 1000SHIBlong	0.000%	+0.0096%	1h	$158K	$211K	10x
KuCoin SHIBUSDTM	+0.034%	+0.0100%	8h	$4.9M	$2.1M	75x	as long as short
dYdX SHIB-USD	+0.040%	0.0000%	1h	$23K	$66K	10x	as long as short
Pacifica kSHIB	+0.051%	+0.0100%	1h	$11K	$4K	10x	as long as short
Hyperliquid kSHIB	+0.102%	+0.0240%	1h	$3.5M	$2.2M	10x	as long as short
Aster 1000SHIBUSDT	+0.132%	+0.0100%	8h	$46K	$164K	50x	as long as short
Phemex u1000SHIBUSDT	+0.272%	+0.0100%	8h	$2.1M	$4.3M	50x	as long as short
Backpack kSHIB_USDC_PERP	+0.306%	+0.0100%	1h	$27K	$4K	15x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.306%	0.0000%	1h	$37K	$62K	25x	as long as short
gTrade (Gains Network) SHIB/USD	+0.309%	L +0.0007% / S −0.0008%	1h	$1K	—	150x	as long as short
Orderly PERP_1000SHIB_USDC	+0.323%	+0.0100%	8h	$6K	$1K	20x	as long as short
SoDEX 1000SHIB-USD	+0.323%	+0.0100%	1h	$527	$5K	10x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.357%	−0.0008%	1h	$93K	$887K	50x	as long as short
Kraken Futures PF_SHIBUSD	+0.364%	+0.0357%	1h	$1.1M	$668K	50x	as long as short
HTX SHIB-USDT	+0.391%	+0.0100%	8h	$401K	$782K	75x	as long as short
SunX SHIB-USDT	+0.425%	+0.0100%	8h	$2K	$18K	20x	as long as short
Kalshi KXKSHIBPERP	+0.438%	0.0000%	8h	$295K	$1.0M	2x	as long as short
BloFin SHIB-USDT	+0.629%	+0.0220%	8h	$723K	$833K	50x	as long as short