SHIB

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After costs, if the gap returns to its 7d average, $10k−$54

spread now+0.168%7d average+0.016%fees + slippage, in and out−$69spread needed0.691%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SHIB-USDT-SWAP	0.000005852	0.0100	pay 0.0100% / 8h	35m 07s	$7.6M	$22.2M	50x
Short	Kraken Futures PF_SHIBUSD	0.000005862	0.0360	get 0.0045% / 1h	35m 07s	$1.1M	$688K	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 OKXbpFee Kraken FuturesbpOrdersClose when spread is

Slippage from OKX: live order book, 5 min ago; Kraken Futures: live order book, 5 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 5 min ago	0.85 bp	10.0 bp −$10	23.7 bp −$237	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	5.95 bp	27.6 bp −$28	40.2 bp −$402	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]	−14.559%	L +0.0214% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−1.452%	+0.0306%	1h	$236	$110K	5.5x	as long as short
Paradex kSHIB-USD-PERP	−0.069%	+0.0096%	8h	$7K	—	20x	as long as short
Reya kSHIBRUSDPERP	−0.035%	+0.0323%	1h	$1	—	20x	as long as short
Aster 1000SHIBUSDT	0.000%	+0.0100%	8h	$46K	$171K	50x	as long as short
OKX SHIB-USDT-SWAPlong	0.000%	+0.0100%	8h	$7.6M	$22.2M	50x
Gate SHIB_USDT	0.000%	+0.0072%	8h	$6.6M	$4.5M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.034%	+0.0100%	8h	$6K	$1K	20x	as long as short
MEXC SHIB_USDT	+0.051%	+0.0100%	8h	$34.9M	$10.5M	300x	as long as short
BingX 1000SHIB-USDC	+0.051%	+0.0080%	8h	—	$1.6M	—	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Extended 1000SHIB-USD	+0.057%	+0.0104%	1h	$52K	$6K	25x	as long as short
KuCoin SHIBUSDTM	+0.068%	+0.0100%	8h	$5.0M	$2.2M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.068%	+0.0100%	1h	$27K	$4K	15x	as long as short
Lighter 1000SHIB	+0.085%	+0.0096%	1h	$155K	$292K	10x	as long as short
Bitget SHIBUSDT	+0.085%	+0.0100%	8h	$11.1M	$10.0M	75x	as long as short
SoDEX 1000SHIB-USD	+0.085%	+0.0100%	1h	$507	$5K	10x	as long as short
Binance 1000SHIBUSDT	+0.114%	+0.0100%	8h	$28.4M	$66.5M	75x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.120%	0.0000%	1h	$36K	$63K	25x	as long as short
gTrade (Gains Network) SHIB/USD	+0.135%	L +0.0007% / S −0.0008%	1h	$1K	—	150x	as long as short
HTX SHIB-USDT	+0.137%	+0.0100%	8h	$398K	$787K	75x	as long as short
BloFin SHIB-USDT	+0.137%	+0.0220%	8h	$743K	$846K	50x	as long as short
Pacifica kSHIB	+0.154%	+0.0100%	1h	$11K	$4K	10x	as long as short
Kraken Futures PF_SHIBUSDshort	+0.168%	+0.0360%	1h	$1.1M	$688K	50x
dYdX SHIB-USD	+0.199%	+0.1491%	1h	$22K	$66K	10x	as long as short
Hyperliquid kSHIB	+0.239%	+0.0197%	1h	$3.5M	$2.3M	10x	as long as short
Phemex u1000SHIBUSDT	+0.239%	+0.0100%	8h	$2.1M	$4.3M	50x	as long as short
SunX SHIB-USDT	+0.290%	+0.0100%	8h	$2K	$19K	20x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.290%	−0.0008%	1h	$93K	$881K	50x	as long as short
Kalshi KXKSHIBPERP	+0.402%	0.0000%	8h	$262K	$1.2M	2x	as long as short