Spread before costs (cost unknown: a leg has no order-book sample)−0.151%
7d average—if it closes, per $10,000$15funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_1000SHIB_USDC | 0.000005920 | 0.0100 | pay 0.0100% / 8h | 46m 44s | $6K | $1K | 20x |
| Short | Binance 1000SHIBUSDT | 0.000005911 | 0.0100 | get 0.0100% / 8h | 46m 44s | $28.6M | $62.7M | 75x |
Orderly PERP_1000SHIB_USDC
Binance 1000SHIBUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$15.07
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$31.07
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 12 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- Average in range /8h
- —
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 12 min ago | 0.85 bp | 6.8 bp −$7 | 15.3 bp −$153 | 64.6 bp −$6,458 | 182.5 bp −$91.2K |
Orderly: 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 price on every exchange
against the cheapest. Click to use as the short leg.GMX0.000005000cheapest
Injective0.000005767+15.340%BingX0.000005903+18.060%Coinbase International0.000005905+18.100%Gate0.000005906+18.120%Bitget0.000005908+18.160%Extended0.000005909+18.182%Kalshi0.000005909+18.188%Reya0.000005910+18.208%OKX0.000005911+18.220%KuCoin0.000005911+18.220%Aster0.000005911+18.221%
GMX
Injective
BingX
Coinbase International
Gate
Bitget
Extended
Reya
OKX
KuCoin
AsterBinance0.000005911+18.222%
Pacifica0.000005912+18.240%gTrade (Gains Network)0.000005912+18.250%MEXC0.000005913+18.260%dYdX0.000005913+18.267%Lighter0.000005914+18.280%Paradex0.000005916+18.312%Hyperliquid0.000005919+18.380%SoDEX0.000005919+18.380%Deribit0.000005919+18.380%
Pacifica
gTrade (Gains Network)
MEXC
dYdX
Lighter
Paradex
Hyperliquid
SoDEX
DeribitOrderly0.000005920+18.400%
BloFin0.000005921+18.420%HTX0.000005926+18.520%Phemex0.000005927+18.540%Backpack0.000005928+18.560%Kraken Futures0.000005932+18.636%SunX0.000005936+18.720%
BloFin
HTX
Phemex
Backpack
Kraken Futures
SunXSHIB on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX SHIB/USD [ETH-USDC] | −15.541% | L +0.0214% / S −0.2404% | 1h | $1K | — | 100x | as long as short |
| Injective SHIB/USDC PERP | −2.584% | +0.0306% | 1h | $236 | $110K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | −0.287% | +0.0080% | 8h | — | $1.6M | — | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.253% | −0.0008% | 1h | $93K | $887K | 50x | as long as short |
| Gate SHIB_USDT | −0.236% | +0.0076% | 8h | $6.7M | $4.3M | 75x | as long as short |
| Bitget SHIBUSDT | −0.203% | +0.0100% | 8h | $11.3M | $9.7M | 75x | as long as short |
| Extended 1000SHIB-USD | −0.184% | +0.0104% | 1h | $52K | $6K | 25x | as long as short |
| Kalshi KXKSHIBPERP | −0.179% | 0.0000% | 8h | $295K | $1.0M | 2x | as long as short |
| Reya kSHIBRUSDPERP | −0.163% | +0.0323% | 1h | $1 | — | 20x | as long as short |
| OKX SHIB-USDT-SWAP | −0.152% | +0.0100% | 8h | $7.7M | $21.7M | 50x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin SHIBUSDTM | −0.152% | +0.0100% | 8h | $4.9M | $2.1M | 75x | as long as short |
| Aster 1000SHIBUSDT | −0.152% | +0.0100% | 8h | $46K | $164K | 50x | as long as short |
| Binance 1000SHIBUSDTshort | −0.151% | +0.0100% | 8h | $28.6M | $62.7M | 75x | |
| Pacifica kSHIB | −0.135% | +0.0100% | 1h | $11K | $4K | 10x | as long as short |
| gTrade (Gains Network) SHIB/USD | −0.127% | L +0.0007% / S −0.0008% | 1h | $1K | — | 150x | as long as short |
| MEXC SHIB_USDT | −0.118% | +0.0100% | 8h | $19.9M | $8.4M | 300x | as long as short |
| dYdX SHIB-USD | −0.112% | 0.0000% | 1h | $23K | $66K | 10x | as long as short |
| Lighter 1000SHIB | −0.101% | +0.0096% | 1h | $159K | $211K | 10x | as long as short |
| Paradex kSHIB-USD-PERP | −0.075% | +0.0098% | 8h | $7K | — | 20x | as long as short |
| Hyperliquid kSHIB | −0.017% | +0.0262% | 1h | $3.6M | $2.2M | 10x | as long as short |
| SoDEX 1000SHIB-USD | −0.017% | +0.0100% | 1h | $527 | $5K | 10x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | −0.017% | 0.0000% | 1h | $37K | $62K | 25x | as long as short |
| Orderly PERP_1000SHIB_USDClong | 0.000% | +0.0100% | 8h | $6K | $1K | 20x | |
| BloFin SHIB-USDT | +0.017% | +0.0220% | 8h | $723K | $833K | 50x | as long as short |
| HTX SHIB-USDT | +0.101% | +0.0100% | 8h | $402K | $782K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.118% | +0.0100% | 8h | $2.1M | $4.3M | 50x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.135% | +0.0100% | 1h | $27K | $4K | 15x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.199% | +0.0355% | 1h | $1.1M | $666K | 50x | as long as short |
| SunX SHIB-USDT | +0.270% | +0.0100% | 8h | $2K | $18K | 20x | as long as short |