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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: SoDEX against Orderly0.000%7-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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_1000SHIB_USDC0.0000060070.0100pay 0.0100% / 8h7h 00m$7K$4K20x
ShortSoDEX 1000SHIB-USD0.0000060070.0100get 0.0013% / 1h0m 39s$522$5K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Orderly. 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
$0
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$14
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; SoDEX: 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 Orderly no order-book sample
Sell SoDEX no order-book sample
Orderly and SoDEX: 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%1h0.000006009+0.032%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006013+0.095%$205K$2.3M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006005−0.033%$46K$65K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006004−0.053%$730150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.549%$248$134K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0064%1h0.000006072+1.082%$85K$853K50xas long as short
BingX 1000SHIB-USDT+0.0080%8h0.000006010+0.050%$2.1Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006020+0.216%$237K$470K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006011+0.074%$37K$179K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006010+0.050%$12K$4K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000SHIBUSDT+0.0100%8h0.000006009+0.033%$29.5M$99.3M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006006−0.017%$9.2M$34.8M50xas long as short
Gate SHIB_USDT+0.0100%8h0.0000060070.000%$7.0M$5.7M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006004−0.050%$30.8M$17.1M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006012+0.083%$4.9M$2.7M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006013+0.100%$11.3M$13.9M75xas long as short
Orderly PERP_1000SHIB_USDClong+0.0100%8h0.000006007long leg$7K$4K20x
SunX SHIB-USDT+0.0100%8h0.000006014+0.117%$2K$24K20xas long as short
SoDEX 1000SHIB-USDshort+0.0100%1h0.0000060070.000%$522$5K10x
HTX SHIB-USDT+0.0100%8h0.000006003−0.067%$412K$599K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.0000060070.000%$2.1M$6.4M50xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006006−0.010%$53K$4K25xas long as short
Paradex kSHIB-USD-PERP+0.0126%8h0.000006008+0.022%$7K$1320xas long as short
Backpack kSHIB_USDC_PERP+0.0167%1h0.0000060070.000%$23K$7K15xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−0.117%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006010+0.050%$865K$936K50xas long as short
Kraken Futures PF_SHIBUSD+0.0261%1h0.000006004−0.058%$1.1M$826K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006008+0.021%$120xas long as short
Hyperliquid kSHIB+0.0722%1h0.000006022+0.250%$4.4M$4.0M10xas long as short