SHIB

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After costs, if the gap returns to its 7d average, $10k−$72

spread now−0.168%7d average−0.035%fees + slippage, in and out−$59spread needed0.588%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex u1000SHIBUSDT	0.000005953	0.0100	pay 0.0100% / 8h	5h 20m	$2.1M	$4.9M	50x
Short	Coinbase International 1000SHIB-PERP-INTX	0.000005943	0.0016	get 0.0002% / 1h	20m 33s	$86K	$833K	50x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee PhemexbpFee Coinbase InternationalbpOrdersClose when spread is

Slippage from Phemex: live order book, 5 min ago; Coinbase International: live order book, 59 min ago.

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, 5 min ago	4.20 bp	14.0 bp −$14	42.2 bp −$422	doesn't fit	doesn't fit
Sell Coinbase International live order book, 59 min ago	8.40 bp	15.1 bp −$15	17.1 bp −$171	doesn't fit	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
GMX SHIB/USD [ETH-USDC]	−16.009%	L +0.0214% / S −0.2404%	1h	$1K	—	100x	as long as short
Injective SHIB/USDC PERP	−3.124%	+0.0033%	1h	$236	$36K	5.5x	as long as short
Kalshi KXKSHIBPERP	−0.193%	0.0000%	8h	$105K	$1.5M	2x	as long as short
Coinbase International 1000SHIB-PERP-INTXshort	−0.168%	+0.0016%	1h	$86K	$833K	50x
BloFin SHIB-USDT	−0.134%	+0.0220%	8h	$735K	$983K	50x	as long as short
HTX SHIB-USDT	−0.067%	+0.0100%	8h	$399K	$642K	75x	as long as short
gTrade (Gains Network) SHIB/USD	−0.060%	L +0.0006% / S −0.0001%	1h	$724	—	150x	as long as short
Backpack kSHIB_USDC_PERP	−0.034%	+0.0011%	1h	$27K	$4K	15x	as long as short
Orderly PERP_1000SHIB_USDC	−0.017%	+0.0100%	8h	$6K	$1K	20x	as long as short
SoDEX 1000SHIB-USD	−0.017%	+0.0100%	1h	$572	$5K	10x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aster 1000SHIBUSDT	0.000%	+0.0100%	8h	$40K	$161K	50x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.000%	+0.0254%	1h	$42K	$64K	25x	as long as short
Phemex u1000SHIBUSDTlong	0.000%	+0.0100%	8h	$2.1M	$4.9M	50x
KuCoin SHIBUSDTM	+0.034%	+0.0100%	8h	$4.7M	$2.4M	75x	as long as short
Kraken Futures PF_SHIBUSD	+0.041%	+0.0011%	1h	$1.1M	$730K	50x	as long as short
MEXC SHIB_USDT	+0.101%	+0.0100%	8h	$33.6M	$15.0M	300x	as long as short
dYdX SHIB-USD	+0.121%	+0.1664%	1h	$23K	$66K	10x	as long as short
OKX SHIB-USDT-SWAP	+0.134%	+0.0100%	8h	$7.7M	$27.2M	50x	as long as short
Gate SHIB_USDT	+0.134%	+0.0100%	8h	$6.8M	$5.3M	75x	as long as short
Extended 1000SHIB-USD	+0.140%	+0.0104%	1h	$53K	$4K	25x	as long as short
SunX SHIB-USDT	+0.151%	+0.0100%	8h	$2K	$22K	20x	as long as short
BingX 1000SHIB-USDT	+0.151%	+0.0025%	8h	—	$2.1M	—	as long as short
Lighter 1000SHIB	+0.168%	+0.0096%	1h	$152K	$309K	10x	as long as short
Pacifica kSHIB	+0.168%	+0.0100%	1h	$11K	$4K	10x	as long as short
Reya kSHIBRUSDPERP	+0.171%	+0.0323%	1h	$1	—	20x	as long as short
Bitget SHIBUSDT	+0.218%	+0.0100%	8h	$11.5M	$12.0M	75x	as long as short
Binance 1000SHIBUSDT	+0.235%	+0.0100%	8h	$29.1M	$82.7M	75x	as long as short
Paradex kSHIB-USD-PERP	+0.244%	+0.0100%	8h	$7K	—	20x	as long as short
Hyperliquid kSHIB	+0.353%	+0.0595%	1h	$4.3M	$3.7M	10x	as long as short