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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against SoDEX−0.050%7-day average · you buy dearer than you sell
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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.050% cheaper against SoDEX than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX 1000SHIB-USD0.0000059940.0100pay 0.0013% / 1h13m 57s$542$5K10x
ShortKuCoin SHIBUSDTM0.0000059910.0100get 0.0100% / 8h13m 57s$4.9M$2.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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: −0.050% → 0.000%
−$5.01
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$25.01
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, 4 min ago. 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 SoDEX no order-book sample
Sell KuCoin live order book, 4 min ago1.67 bp14.5 bp −$1540.6 bp −$406doesn't fitdoesn't fit
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%1h0.000005990−0.065%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000005987−0.118%$77K$1.9M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000005992−0.033%$729150xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0032%1h0.000005990−0.067%$76K$793K50xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.000005990−0.067%$1.6Mas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0084%1h0.0000059940.000%$46K$65K25xas long as short
Lighter 1000SHIB+0.0096%1h0.000005993−0.017%$151K$294K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000005992−0.037%$35K$173K50xas long as short
Pacifica kSHIB+0.0100%1h0.000005995+0.017%$12K$4K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000005992−0.033%$29.3M$96.1M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.0000059940.000%$8.6M$32.6M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000005986−0.133%$6.9M$5.6M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005990−0.067%$31.1M$16.7M300xas long as short
KuCoin SHIBUSDTMshort+0.0100%8h0.000005991−0.050%$4.9M$2.6M75x
Bitget SHIBUSDT+0.0100%8h0.000005995+0.017%$11.4M$13.4M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000005992−0.033%$25K$6K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000005995+0.017%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006000+0.100%$2K$24K20xas long as short
SoDEX 1000SHIB-USDlong+0.0100%1h0.000005994long leg$542$5K10x
HTX SHIB-USDT+0.0100%8h0.000005991−0.050%$409K$618K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000005992−0.033%$2.1M$6.1M50xas long as short
Paradex kSHIB-USD-PERP+0.0101%8h0.000005999+0.090%$7K20xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000005992−0.027%$53K$4K25xas long as short
Injective SHIB/USDC PERP+0.0161%1h0.000006040+0.767%$248$134K5.5xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000005000−16.583%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000005993−0.017%$812K$935K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005990−0.072%$120xas long as short
Kraken Futures PF_SHIBUSD+0.0385%1h0.000005992−0.031%$1.1M$816K50xas long as short
Hyperliquid kSHIB+0.0611%1h0.000005998+0.067%$4.3M$4.0M10xas long as short