Funding arb · Price arb /

SHIB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.033%

Price spread now: BloFin against Pacifica−0.164%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. BloFin is 0.164% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.164% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 4.6 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kSHIB	0.000006082	0.0100	pay 0.0013% / 1h	54m 45s	$12K	$6K	10x
Short	BloFin SHIB-USDT	0.000006072	0.0220	get 0.0220% / 8h	6h 54m	$917K	$939K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Pacifica. 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

Position, each leg$Hold fordaysFee PacificabpFee BloFinbpOrdersPrice spread, now −0.164%Rate

Funding earned: $25.2
Price spread: −0.164% → 0.000%: −$16.44
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$11.24
Costs to cover: 0.200%
Break-even: 10.1 days

Slippage unknown: Pacifica: no order-book sample; BloFin: live order book, 17 min ago. Net counts fees only.

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 Pacifica no order-book sample	—	—	—	—	—
Sell BloFin live order book, 17 min ago	2.48 bp	10.5 bp −$11	16.9 bp −$169	85.3 bp −$8,531	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International 1000SHIB-PERP-INTX	−0.0080%	1h	0.000006109	+0.444%	$132K	$1.7M	50x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006061	−0.344%	$96K	$3.5M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006065	−0.280%	$49K	$46K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006113	+0.511%	$577	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	−0.691%	$248	$134K	5.5x	as long as short
Kraken Futures PF_SHIBUSD	+0.0036%	1h	0.000006064	−0.291%	$1.2M	$1.0M	50x	as long as short
BingX 1000SHIB-USDT	+0.0053%	8h	0.000006059	−0.378%	—	$2.2M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006056	−0.427%	$156K	$623K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006064	−0.303%	$41K	$295K	50x	as long as short
Pacifica kSHIBlong	+0.0100%	1h	0.000006082	long leg	$12K	$6K	10x

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006062	−0.335%	$31.2M	$130.0M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006058	−0.395%	$9.8M	$46.9M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006056	−0.427%	$7.1M	$6.8M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006060	−0.362%	$27.5M	$19.9M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006061	−0.345%	$4.7M	$3.2M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006059	−0.378%	$11.4M	$17.7M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006068	−0.230%	$23K	$9K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006071	−0.181%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006080	−0.033%	$2K	$26K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006065	−0.280%	$513	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006072	−0.164%	$417K	$514K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006070	−0.197%	$2.1M	$7.8M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0101%	8h	0.000006076	−0.094%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006059	−0.380%	$54K	$4K	25x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0212% / S −0.2404%	1h	0.000006000	−1.348%	$1K	—	100x	as long as short
BloFin SHIB-USDTshort	+0.0220%	8h	0.000006072	−0.164%	$917K	$939K	50x
Hyperliquid kSHIB	+0.0272%	1h	0.000006067	−0.247%	$3.6M	$5.5M	10x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006067	−0.247%	$1	—	20x	as long as short
dYdX SHIB-USD	+0.6089%	1h	0.000006075	−0.120%	$32K	$75K	10x	as long as short