Spread before costs (cost unknown: a leg has no order-book sample)+0.367%
7d average—if it closes, per $10,000$37funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_1000SHIB_USDC | 0.000005854 | 0.0100 | pay 0.0100% / 8h | 34m 49s | $6K | $1K | 20x |
| Short | Kalshi KXKSHIBPERP | 0.000005875 | 0 | get 0.0000% / 8h | 4h 34m | $262K | $1.2M | 2x |
Orderly PERP_1000SHIB_USDCPrice 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
- $36.73
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $17.73
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; Kalshi: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 Kalshi live order book, 5 min ago | 6.28 bp | 14.6 bp −$15 | 23.0 bp −$230 | doesn't fit | doesn't fit |
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%Paradex0.000005848+16.960%Reya0.000005850+16.999%MEXC0.000005850+17.000%Aster0.000005854+17.074%Extended0.000005854+17.079%Gate0.000005854+17.080%KuCoin0.000005854+17.080%BingX0.000005854+17.080%
GMX
Injective
Paradex
Reya
MEXC
Aster
Extended
Gate
KuCoin
BingXOrderly0.000005854+17.080%
OKX0.000005855+17.100%Bitget0.000005855+17.100%Backpack0.000005856+17.120%Binance0.000005857+17.131%Lighter0.000005857+17.140%SoDEX0.000005857+17.140%Deribit0.000005859+17.180%gTrade (Gains Network)0.000005860+17.198%HTX0.000005860+17.200%BloFin0.000005860+17.200%Pacifica0.000005861+17.220%Kraken Futures0.000005862+17.237%Hyperliquid0.000005863+17.260%dYdX0.000005864+17.273%Phemex0.000005866+17.320%SunX0.000005869+17.380%Coinbase International0.000005869+17.380%
OKX
Bitget
Backpack
Binance
Lighter
SoDEX
Deribit
gTrade (Gains Network)
HTX
BloFin
Pacifica
Kraken Futures
Hyperliquid
dYdX
Phemex
SunX
Coinbase InternationalSHIB 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] | −14.588% | L +0.0214% / S −0.2404% | 1h | $1K | — | 100x | as long as short |
| Injective SHIB/USDC PERP | −1.486% | +0.0306% | 1h | $236 | $110K | 5.5x | as long as short |
| Paradex kSHIB-USD-PERP | −0.103% | +0.0096% | 8h | $7K | — | 20x | as long as short |
| Reya kSHIBRUSDPERP | −0.069% | +0.0323% | 1h | $1 | — | 20x | as long as short |
| MEXC SHIB_USDT | −0.068% | +0.0100% | 8h | $34.3M | $10.6M | 300x | as long as short |
| Aster 1000SHIBUSDT | −0.005% | +0.0100% | 8h | $46K | $171K | 50x | as long as short |
| Extended 1000SHIB-USD | −0.001% | +0.0104% | 1h | $52K | $6K | 25x | as long as short |
| Gate SHIB_USDT | 0.000% | +0.0072% | 8h | $6.6M | $4.5M | 75x | as long as short |
| KuCoin SHIBUSDTM | 0.000% | +0.0100% | 8h | $4.9M | $2.2M | 75x | as long as short |
| BingX 1000SHIB-USDC | 0.000% | +0.0080% | 8h | — | $1.6M | — | as long as short |