SHIB

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After costs, if the gap returns to its 7d average, $10k−$109

spread now−0.034%7d average+0.055%fees + slippage, in and out−$101spread needed1.006%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SHIB-USDT-SWAP	0.000005935	0.0100	pay 0.0100% / 8h	5h 09m	$7.7M	$27.2M	50x
Short	Phemex u1000SHIBUSDT	0.000005933	0.0100	get 0.0100% / 8h	5h 09m	$2.1M	$5.0M	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 PhemexbpOrdersClose when spread is

Slippage from OKX: live order book, 1 min ago; Phemex: live order book, 6 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, 1 min ago	0.84 bp	10.8 bp −$11	23.8 bp −$238	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	20.21 bp	40.9 bp −$41	doesn't fit	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]	−15.754%	L +0.0214% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−2.831%	+0.0033%	1h	$236	$36K	5.5x	as long as short
Phemex u1000SHIBUSDTshort	−0.034%	+0.0100%	8h	$2.1M	$5.0M	50x
BloFin SHIB-USDT	−0.034%	+0.0220%	8h	$737K	$984K	50x	as long as short
OKX SHIB-USDT-SWAPlong	0.000%	+0.0100%	8h	$7.7M	$27.2M	50x
Bitget SHIBUSDT	0.000%	+0.0100%	8h	$11.4M	$12.0M	75x	as long as short
Gate SHIB_USDT	+0.017%	+0.0100%	8h	$6.7M	$5.4M	75x	as long as short
MEXC SHIB_USDT	+0.034%	+0.0100%	8h	$33.4M	$15.0M	300x	as long as short
KuCoin SHIBUSDTM	+0.034%	+0.0100%	8h	$4.7M	$2.4M	75x	as long as short
Extended 1000SHIB-USD	+0.048%	+0.0104%	1h	$53K	$4K	25x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX SHIB-USD	+0.055%	+0.2611%	1h	$23K	$66K	10x	as long as short
Lighter 1000SHIB	+0.067%	+0.0096%	1h	$152K	$310K	10x	as long as short
SoDEX 1000SHIB-USD	+0.067%	+0.0100%	1h	$572	$5K	10x	as long as short
Kraken Futures PF_SHIBUSD	+0.070%	+0.0011%	1h	$1.1M	$730K	50x	as long as short
BingX 1000SHIB-USDC	+0.084%	+0.0080%	8h	—	$1.6M	—	as long as short
HTX SHIB-USDT	+0.084%	+0.0100%	8h	$401K	$647K	75x	as long as short
Kalshi KXKSHIBPERP	+0.088%	0.0000%	8h	$79K	$1.5M	2x	as long as short
Paradex kSHIB-USD-PERP	+0.090%	+0.0100%	8h	$7K	—	20x	as long as short
Pacifica kSHIB	+0.101%	+0.0100%	1h	$11K	$4K	10x	as long as short
Aster 1000SHIBUSDT	+0.114%	+0.0100%	8h	$38K	$161K	50x	as long as short
Binance 1000SHIBUSDT	+0.118%	+0.0100%	8h	$29.1M	$83.3M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.118%	+0.0015%	1h	$27K	$4K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.118%	+0.0100%	8h	$6K	$1K	20x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.118%	+0.0255%	1h	$42K	$64K	25x	as long as short
gTrade (Gains Network) SHIB/USD	+0.133%	L +0.0006% / S −0.0001%	1h	$723	—	150x	as long as short
Reya kSHIBRUSDPERP	+0.143%	+0.0323%	1h	$1	—	20x	as long as short
Hyperliquid kSHIB	+0.219%	+0.0571%	1h	$4.3M	$3.7M	10x	as long as short
SunX SHIB-USDT	+0.236%	+0.0100%	8h	$2K	$22K	20x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.371%	+0.0016%	1h	$88K	$836K	50x	as long as short