Settings8H · net · $10k
Funding arb · Price arb /

SHIB

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SwapBacktest
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 OKX+0.083%49s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.083% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SHIB-USDT-SWAP0.0000060080.0100pay 0.0100% / 8h6h 47m$9.1M$35.5M50x
ShortPacifica kSHIB0.0000060130.0183get 0.0023% / 1h47m 46s$12K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against OKX. 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

Funding earned
$17.46
Price spread: +0.083% → 0.000%
$8.32
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$7.78
Costs to cover
0.180%
Break-even
3.9 days
Slippage unknown: OKX: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago0.83 bp9.3 bp −$923.6 bp −$236doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX SHIB-USD0.0000%1h0.000006000−0.136%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006009+0.020%$190K$2.3M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000005998−0.166%$729150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.533%$248$134K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0072%1h0.000006016+0.133%$155K$987K50xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.000006004−0.067%$1.6Mas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0083%1h0.000006006−0.033%$46K$65K25xas long as short
Lighter 1000SHIB+0.0096%1h0.000006007−0.017%$237K$470K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006009+0.017%$39K$183K50xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006009+0.013%$29.4M$101.0M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAPlong+0.0100%8h0.000006008long leg$9.1M$35.5M50x
Gate SHIB_USDT+0.0100%8h0.000006002−0.100%$6.9M$5.6M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006010+0.033%$30.8M$17.3M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006010+0.033%$4.9M$2.7M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.0000060080.000%$11.3M$14.3M75xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006003−0.083%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006016+0.133%$2K$24K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006005−0.050%$534$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006007−0.017%$412K$604K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006010+0.033%$2.1M$6.5M50xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006008−0.005%$53K$4K25xas long as short
Backpack kSHIB_USDC_PERP+0.0120%1h0.000006012+0.067%$23K$7K15xas long as short
Paradex kSHIB-USD-PERP+0.0129%8h0.000006013+0.086%$7K$1320xas long as short
Pacifica kSHIBshort+0.0183%1h0.000006013+0.083%$12K$4K10x
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000005000−16.778%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006010+0.033%$871K$935K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005997−0.190%$120xas long as short
Hyperliquid kSHIB+0.0492%1h0.000006010+0.033%$3.8M$4.5M10xas long as short
Kraken Futures PF_SHIBUSD+0.0759%1h0.000006001−0.117%$1.1M$854K50xas long as short