Spread before costs (cost unknown: a leg has no order-book sample)+0.051%
7d average—if it closes, per $10,000$5funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex u1000SHIBUSDT | 0.000005922 | 0.0100 | pay 0.0100% / 8h | 6h 31m | $2.1M | $4.7M | 50x |
| Short | Backpack kSHIB_USDC_PERP | 0.000005925 | 0.0100 | get 0.0013% / 1h | 31m 22s | $27K | $4K | 15x |
Phemex u1000SHIBUSDT
Backpack kSHIB_USDC_PERPPrice 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
- $5.07
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$16.93
- Spread needed to break even
- 0.220%
Slippage unknown: Phemex: live order book, 4 min ago; Backpack: no order-book sample. 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 Phemex live order book, 4 min ago | 6.75 bp | 20.7 bp −$21 | 70.9 bp −$709 | doesn't fit | doesn't fit |
| Sell Backpack no order-book sample | — | — | — | — | — |
Backpack: 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%Coinbase International0.000005911+18.220%BloFin0.000005913+18.260%HTX0.000005920+18.400%Kalshi0.000005920+18.404%
GMX
Injective
Coinbase International
BloFin
HTXPhemex0.000005922+18.440%
Gate0.000005923+18.460%SoDEX0.000005924+18.480%OKX0.000005924+18.480%KuCoin0.000005925+18.500%BingX0.000005925+18.500%
Gate
SoDEX
OKX
KuCoin
BingXBackpack0.000005925+18.500%
Reya0.000005926+18.517%gTrade (Gains Network)0.000005926+18.518%Deribit0.000005926+18.520%Kraken Futures0.000005926+18.521%Lighter0.000005927+18.540%dYdX0.000005927+18.540%MEXC0.000005927+18.540%Binance0.000005928+18.557%Pacifica0.000005928+18.560%Bitget0.000005928+18.560%Paradex0.000005928+18.563%Orderly0.000005929+18.580%Extended0.000005929+18.584%SunX0.000005930+18.600%Aster0.000005932+18.649%Hyperliquid0.000005939+18.780%
Reya
gTrade (Gains Network)
Deribit
Kraken Futures
Lighter
dYdX
MEXC
Binance
Pacifica
Bitget
Paradex
Orderly
Extended
SunX
Aster
HyperliquidSHIB 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] | −15.569% | L +0.0213% / S −0.2404% | 1h | $1K | — | 100x | as long as short |
| Injective SHIB/USDC PERP | −2.617% | +0.0033% | 1h | $236 | $53K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.186% | −0.0048% | 1h | $86K | $759K | 50x | as long as short |
| BloFin SHIB-USDT | −0.152% | +0.0220% | 8h | $747K | $919K | 50x | as long as short |
| HTX SHIB-USDT | −0.034% | +0.0100% | 8h | $397K | $703K | 75x | as long as short |
| Kalshi KXKSHIBPERP | −0.030% | 0.0000% | 8h | $106K | $1.5M | 2x | as long as short |
| Phemex u1000SHIBUSDTlong | 0.000% | +0.0100% | 8h | $2.1M | $4.7M | 50x | |
| Gate SHIB_USDT | +0.017% | +0.0100% | 8h | $6.7M | $5.1M | 75x | as long as short |
| SoDEX 1000SHIB-USD | +0.034% | +0.0100% | 1h | $559 | $5K | 10x | as long as short |
| OKX SHIB-USDT-SWAP | +0.034% | +0.0100% | 8h | $7.8M | $26.1M | 50x | as long as short |