SHIB

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After costs, if the gap returns to its 7d average, $10k−$30

spread now+0.067%7d average0.000%fees + slippage, in and out−$37spread needed0.371%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 1000SHIB	0.000005942	0.0096	pay 0.0012% / 1h	32m 03s	$152K	$309K	10x
Short	Bitget SHIBUSDT	0.000005946	0.0100	get 0.0100% / 8h	5h 32m	$11.4M	$11.9M	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 BitgetbpOrdersClose when spread is

Slippage from Lighter: live order book, 59 min ago; Bitget: live order book, 3 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, 59 min ago	1.68 bp	9.6 bp −$10	58.7 bp −$587	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.84 bp	8.6 bp −$9	15.1 bp −$151	55.8 bp −$5,578	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]	−15.853%	L +0.0214% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−2.945%	+0.0033%	1h	$236	$36K	5.5x	as long as short
BloFin SHIB-USDT	−0.118%	+0.0220%	8h	$730K	$967K	50x	as long as short
Kalshi KXKSHIBPERP	−0.099%	0.0000%	8h	$119K	$1.4M	2x	as long as short
dYdX SHIB-USD	−0.080%	0.0000%	1h	$23K	$66K	10x	as long as short
Pacifica kSHIB	−0.067%	+0.0100%	1h	$11K	$4K	10x	as long as short
Reya kSHIBRUSDPERP	−0.055%	+0.0323%	1h	$1	—	20x	as long as short
MEXC SHIB_USDT	−0.050%	+0.0100%	8h	$33.6M	$14.9M	300x	as long as short
KuCoin SHIBUSDTM	−0.034%	+0.0100%	8h	$4.7M	$2.4M	75x	as long as short
HTX SHIB-USDT	−0.034%	+0.0100%	8h	$399K	$659K	75x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Extended 1000SHIB-USD	−0.024%	+0.0104%	1h	$53K	$4K	25x	as long as short
Coinbase International 1000SHIB-PERP-INTX	−0.017%	+0.0016%	1h	$86K	$822K	50x	as long as short
Paradex kSHIB-USD-PERP	−0.012%	+0.0100%	8h	$7K	—	20x	as long as short
Aster 1000SHIBUSDT	−0.002%	+0.0100%	8h	$40K	$159K	50x	as long as short
Lighter 1000SHIBlong	0.000%	+0.0096%	1h	$152K	$309K	10x
Gate SHIB_USDT	0.000%	+0.0100%	8h	$6.7M	$5.3M	75x	as long as short
Phemex u1000SHIBUSDT	0.000%	+0.0100%	8h	$2.1M	$4.9M	50x	as long as short
Kraken Futures PF_SHIBUSD	+0.011%	+0.0011%	1h	$1.1M	$732K	50x	as long as short
BingX 1000SHIB-USDT	+0.017%	+0.0037%	8h	—	$2.1M	—	as long as short
SoDEX 1000SHIB-USD	+0.017%	+0.0100%	1h	$570	$5K	10x	as long as short
Backpack kSHIB_USDC_PERP	+0.034%	+0.0016%	1h	$27K	$4K	15x	as long as short
gTrade (Gains Network) SHIB/USD	+0.049%	L +0.0006% / S −0.0001%	1h	$723	—	150x	as long as short
Orderly PERP_1000SHIB_USDC	+0.067%	+0.0100%	8h	$6K	$1K	20x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.067%	+0.0086%	1h	$42K	$64K	25x	as long as short
OKX SHIB-USDT-SWAP	+0.067%	+0.0100%	8h	$7.7M	$26.9M	50x	as long as short
Bitget SHIBUSDTshort	+0.067%	+0.0100%	8h	$11.4M	$11.9M	75x
Binance 1000SHIBUSDT	+0.118%	+0.0100%	8h	$29.0M	$82.0M	75x	as long as short
SunX SHIB-USDT	+0.151%	+0.0100%	8h	$2K	$22K	20x	as long as short
Hyperliquid kSHIB	+0.168%	+0.0621%	1h	$4.3M	$3.7M	10x	as long as short