Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h 0.000%

Price spread now: Pacifica against MEXC−0.117%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.117% cheaper against MEXC than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SHIB_USDT	0.000005992	0.0100	pay 0.0100% / 8h	6h 44m	$30.9M	$17.3M	300x
Short	Pacifica kSHIB	0.000005985	0.0183	get 0.0023% / 1h	44m 15s	$12K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee PacificabpOrdersPrice spread, now −0.117%Rate

Funding earned: $17.46
Price spread: −0.117% → 0.000%: −$11.68
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$2.23
Costs to cover: 0.080%
Break-even: 7.9 days

Slippage unknown: MEXC: live order book, 10 min ago; Pacifica: no order-book sample. Net counts fees only.

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 MEXC live order book, 10 min ago	0.83 bp	5.2 bp −$5	11.3 bp −$113	44.0 bp −$4,399	73.9 bp −$37.0K
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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 on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SHIB-USD	0.0000%	1h	0.000005979	−0.220%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000005985	−0.120%	$190K	$2.3M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000005989	−0.057%	$728	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+0.801%	$248	$134K	5.5x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0072%	1h	0.000006019	+0.451%	$156K	$987K	50x	as long as short
BingX 1000SHIB-USDT	+0.0080%	8h	0.000005991	−0.017%	—	$2.1M	—	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0084%	1h	0.000005995	+0.050%	$46K	$65K	25x	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000005998	+0.100%	$252K	$486K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000005980	−0.196%	$39K	$183K	50x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000005994	+0.033%	$29.4M	$101.1M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000005992	0.000%	$9.0M	$35.4M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000005988	−0.067%	$6.9M	$5.6M	75x	as long as short
MEXC SHIB_USDTlong	+0.0100%	8h	0.000005992	long leg	$30.9M	$17.3M	300x
KuCoin SHIBUSDTM	+0.0100%	8h	0.000005990	−0.033%	$4.9M	$2.7M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000005992	0.000%	$11.3M	$14.3M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000005995	+0.050%	$23K	$7K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000005992	0.000%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000005997	+0.083%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000005994	+0.033%	$529	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000005986	−0.100%	$411K	$604K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000005993	+0.017%	$2.1M	$6.5M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000005994	+0.033%	$53K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0127%	8h	0.000005984	−0.141%	$7K	$13	20x	as long as short
Pacifica kSHIBshort	+0.0183%	1h	0.000005985	−0.117%	$12K	$4K	10x
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000005000	−16.555%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006010	+0.300%	$871K	$935K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000005982	−0.174%	$1	—	20x	as long as short
Hyperliquid kSHIB	+0.0327%	1h	0.000005995	+0.050%	$3.8M	$4.6M	10x	as long as short
Kraken Futures PF_SHIBUSD	+0.0761%	1h	0.000005987	−0.079%	$1.1M	$852K	50x	as long as short