SHIB arbitrage explained
Right now Shiba Inu (SHIB) trades on 10 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.00000556 and the highest bid on Bitget spot at $0.00000556.
The widest SHIB perpetual spread is between Bybit and Binance: long SHIB on Bybit at $0.00000556 and short on Binance at $0.00000556 for +0.02% gross, or -0.14% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.029% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best SHIB route is to buy spot on Gate and short the perpetual on Binance: -0.05% gross, -0.25% net, with -0.094% a day of funding on the short leg.
Spot–spot SHIB arbitrage (buy on Gate, withdraw, deposit and sell on Bitget) shows +0.04% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small SHIB gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: SHIB funding rates · SHIB spread charts · Shiba Inu price · arbitrage scanner for all coins.