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shumi pairs covers two trades. A pair trade is long one coin and short a related one, so you earn on the ratio between them. A delta neutral trade is the same coin long on one venue and short on another, so price cancels out and you keep the funding gap.

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Get pair suggestions

Bare shumi pairs prints help only.
You get 10 suggestions (--limit changes that) out of totalPairsAnalyzed (for example 200), plus gateStats (pairs per gate outcome), concentrationWarnings (a coin repeated across suggestions) and a disclaimer.

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Read one suggestion

Read description for the trade, for example "Long TAO / Short ETH". Read signalState.daysActive and isNew for how long it has been on, and ratioTrend.bandPosition for how stretched the ratio already is (near 1 means most of the move has happened). Then the fields: Two fields carry their own warning in every response. backtest.sharpeBasis: the Sharpe is an in-sample fit dated January 2026, often on fewer than 10 closed outcomes, so do not rank pairs by it. riskMetrics.maxDrawdownBasis: drawdown counts closed outcomes only, so a position that sat near its stop for weeks and recovered records 0. Real drawdown is larger. priceRatioLongOverShort is the long coin’s price over the short coin’s, for charting the pair.

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Check one pair or the history

pairs signal returns status, reason and a signal with long and short. ETH and SOL came back long SOL, short ETH: the data sets the direction, whichever order you type the tokens. pairs history returns daily snapshots. Each has pairCount and a pairs[] list, and each pair has:

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Get delta neutral suggestions

Add --dex-only to keep only decentralised venues. API: GET /api/cli/pairs?action=delta-neutral. Each item: For example: “Go long RUNE on Binance (8h funding) and short RUNE on Kraken (1h funding) for a net APR of 4361.60%.” Before the APR, read volume_24h on both legs (Kraken RUNE: $474k) and next_funding_time. An extreme rate on a thin book can be gone at the next payment.

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What a two-venue trade puts at risk

Each leg has its own margin account. A sharp move puts one leg deep in profit and the other deep in loss, and the losing venue liquidates it without knowing you are hedged elsewhere.
  • Funding on either venue can change sign at any interval, so the gap can close or invert.
  • You pay four fills: in and out on each venue. On a small spread_1h that can exceed the carry.
  • Both legs are yours to place. Until the second fills you hold a plain directional position.