SHIB

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After costs, if the gap returns to its 7d average, $10k−$55

spread now0.000%7d average−0.007%fees + slippage, in and out−$56spread needed0.561%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 1000SHIB	0.000005761	0.0096	pay 0.0012% / 1h	28m 03s	$153K	$186K	10x
Short	Kraken Futures PF_SHIBUSD	0.000005761	0.0341	get 0.0043% / 1h	28m 03s	$1.1M	$587K	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 LighterbpFee Kraken FuturesbpOrdersClose when spread is

Slippage from Lighter: live order book, 18 min ago; Kraken Futures: live order book, 2 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, 18 min ago	1.75 bp	5.3 bp −$5	41.4 bp −$414	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	4.34 bp	24.5 bp −$25	34.9 bp −$349	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]	−13.210%	L +0.0214% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−4.999%	+0.0033%	1h	$224	$74K	5.5x	as long as short
Gate SHIB_USDT	−0.104%	+0.0077%	8h	$6.5M	$3.8M	75x	as long as short
Extended 1000SHIB-USD	−0.098%	+0.0104%	1h	$51K	$6K	25x	as long as short
OKX SHIB-USDT-SWAP	−0.087%	+0.0100%	8h	$7.5M	$18.7M	50x	as long as short
MEXC SHIB_USDT	−0.052%	+0.0100%	8h	$20.1M	$8.3M	300x	as long as short
BingX 1000SHIB-USDT	−0.035%	+0.0080%	8h	—	$2.1M	—	as long as short
HTX SHIB-USDT	−0.035%	+0.0100%	8h	$392K	$724K	75x	as long as short
Phemex u1000SHIBUSDT	−0.035%	+0.0100%	8h	$2.1M	$4.1M	50x	as long as short
gTrade (Gains Network) SHIB/USD	−0.019%	L +0.0006% / S −0.0001%	1h	$701	—	150x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_1000SHIB_USDC	−0.017%	+0.0100%	8h	$6K	$1K	20x	as long as short
SoDEX 1000SHIB-USD	−0.017%	+0.0100%	1h	$505	$6K	10x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	−0.017%	+0.0097%	1h	$46K	$52K	25x	as long as short
Reya kSHIBRUSDPERP	−0.007%	+0.0323%	1h	$1	—	20x	as long as short
Lighter 1000SHIBlong	0.000%	+0.0096%	1h	$153K	$186K	10x
Backpack kSHIB_USDC_PERP	0.000%	+0.0100%	1h	$24K	$3K	15x	as long as short
KuCoin SHIBUSDTM	0.000%	+0.0100%	8h	$4.6M	$1.9M	75x	as long as short
Kraken Futures PF_SHIBUSDshort	0.000%	+0.0341%	1h	$1.1M	$587K	50x
Aster 1000SHIBUSDT	+0.003%	+0.0100%	8h	$45K	$162K	50x	as long as short
Bitget SHIBUSDT	+0.017%	+0.0100%	8h	$11.0M	$8.7M	75x	as long as short
BloFin SHIB-USDT	+0.017%	+0.0220%	8h	$712K	$792K	50x	as long as short
Binance 1000SHIBUSDT	+0.032%	+0.0100%	8h	$27.8M	$55.5M	75x	as long as short
dYdX SHIB-USD	+0.044%	+0.5353%	1h	$34K	$54K	10x	as long as short
Paradex kSHIB-USD-PERP	+0.073%	+0.0100%	8h	$7K	—	20x	as long as short
Pacifica kSHIB	+0.122%	+0.0100%	1h	$11K	$2K	10x	as long as short
Hyperliquid kSHIB	+0.139%	+0.0291%	1h	$3.4M	$1.6M	10x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.139%	+0.0008%	1h	$89K	$914K	50x	as long as short
Kalshi KXKSHIBPERP	+0.153%	0.0000%	8h	$295K	$923K	2x	as long as short
SunX SHIB-USDT	+0.156%	+0.0100%	8h	$2K	$16K	20x	as long as short