data as of
Settings8H · net · $10k
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Price arb /

SHIB

all SHIB markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$66
spread now−0.233%7d average−0.001%fees + slippage, in and out−$43spread needed0.432%
Long on LighterShort on Coinbase International
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter 1000SHIB0.0000060170.0096pay 0.0012% / 1h59m 44s$156K$294K10x
ShortCoinbase International 1000SHIB-PERP-INTX0.000006003−0.0008pay 0.0001% / 1h59m 44s$96K$845K50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$23.27
Funding while held
−$3.12
Slippage, 4 orders
−$33.24
Fee Lighter: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$69.63
Spread needed to break even
0.432%
Slippage from Lighter: live order book, 41 min ago; Coinbase International: live order book, 30 min ago.

Cost of waiting

funding view
Funding /8h
−0.0104%
Per $10,000 a day
−$3.12
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 41 min ago4.23 bp8.2 bp −$847.2 bp −$472doesn't fitdoesn't fit
Sell Coinbase International live order book, 30 min ago8.54 bp13.5 bp −$1419.2 bp −$192doesn't fitdoesn't fit

SHIB price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.000005767cheapestGMX0.000006000+4.040%Phemex0.000006000+4.040%SoDEX0.000006003+4.092%
Coinbase International0.000006003+4.092%
Orderly0.000006004+4.110%Deribit0.000006005+4.127%HTX0.000006005+4.127%Backpack0.000006006+4.144%Gate0.000006007+4.162%Kraken Futures0.000006007+4.162%BloFin0.000006009+4.196%gTrade (Gains Network)0.000006009+4.201%Reya0.000006010+4.208%dYdX0.000006010+4.214%KuCoin0.000006010+4.214%BingX0.000006010+4.214%Extended0.000006011+4.237%Kalshi0.000006014+4.274%MEXC0.000006014+4.283%Bitget0.000006014+4.283%SunX0.000006014+4.283%Aster0.000006015+4.302%Paradex0.000006016+4.316%
Lighter0.000006017+4.335%
Hyperliquid0.000006023+4.439%OKX0.000006033+4.612%Pacifica0.000006035+4.647%Binance0.000006037+4.687%

SHIB on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective SHIB/USDC PERP−4.155%+0.0306%1h$236$110K5.5xas long as short
GMX SHIB/USD [ETH-USDC]−0.283%L +0.0214% / S −0.2404%1h$1K—100xas long as short
Phemex u1000SHIBUSDT−0.283%+0.0100%8h$2.1M$4.5M50xas long as short
SoDEX 1000SHIB-USD−0.233%+0.0100%1h$542$5K10xas long as short
Coinbase International 1000SHIB-PERP-INTXshort−0.233%−0.0008%1h$96K$845K50x
Orderly PERP_1000SHIB_USDC−0.216%+0.0100%8h$6K$1K20xas long as short
Deribit 1000SHIB_USDC-PERPETUAL−0.199%0.0000%1h$37K$59K25xas long as short
HTX SHIB-USDT−0.199%+0.0100%8h$407K$803K75xas long as short
Backpack kSHIB_USDC_PERP−0.183%+0.0100%1h$27K$4K15xas long as short
Gate SHIB_USDT−0.166%+0.0035%8h$6.8M$4.9M75xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_SHIBUSD−0.166%+0.0351%1h$1.1M$739K50xas long as short
BloFin SHIB-USDT−0.133%+0.0220%8h$743K$896K50xas long as short
gTrade (Gains Network) SHIB/USD−0.128%L +0.0006% / S −0.0001%1h$731—150xas long as short
Reya kSHIBRUSDPERP−0.122%+0.0323%1h$1—20xas long as short
dYdX SHIB-USD−0.116%+0.2737%1h$23K$66K10xas long as short
KuCoin SHIBUSDTM−0.116%+0.0100%8h$4.8M$2.3M75xas long as short
BingX 1000SHIB-USDT−0.116%+0.0070%8h—$2.2M—as long as short
Extended 1000SHIB-USD−0.094%+0.0104%1h$53K$6K25xas long as short
Kalshi KXKSHIBPERP−0.058%0.0000%8h$256K$1.2M2xas long as short
MEXC SHIB_USDT−0.050%+0.0100%8h$31.2M$12.9M300xas long as short
Bitget SHIBUSDT−0.050%+0.0100%8h$11.7M$10.7M75xas long as short
SunX SHIB-USDT−0.050%+0.0100%8h$2K$21K20xas long as short
Aster 1000SHIBUSDT−0.032%+0.0100%8h$43K$177K50xas long as short
Paradex kSHIB-USD-PERP−0.019%+0.0096%8h$7K—20xas long as short
Lighter 1000SHIBlong0.000%+0.0096%1h$156K$294K10x
Hyperliquid kSHIB+0.100%+0.0165%1h$3.7M$2.6M10xas long as short
OKX SHIB-USDT-SWAP+0.266%+0.0100%8h$7.9M$24.6M50xas long as short
Pacifica kSHIB+0.299%+0.0100%1h$11K$4K10xas long as short
Binance 1000SHIBUSDT+0.338%+0.0100%8h$29.1M$72.7M75xas long as short