Funding you earn now, next payment 06:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.063%
Price spread now: Hyperliquid against Binance+0.018%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$360.356% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now +0.018%, 7d avg +0.058%
=Together, before fees+0.144%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.039% cheaper against Binance than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.058%). If the spread goes back, that is −$4 on $10k: about 43 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance 1000SHIBUSDT | 0.000005968 | 0.0100 | pay 0.0100% / 8h | 2h 31m | $30.1M | $123.2M | 75x |
| Short | Hyperliquid kSHIB | 0.000005969 | 0.0174 | get 0.0022% / 1h | 31m 51s | $3.6M | $5.3M | 10x |
Binance 1000SHIBUSDT
Hyperliquid kSHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $15.58
- Price spread: +0.018% → +0.058%
- −$3.95
- Slippage, 4 orders
- −$16.59
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$23.95
- Costs to cover
- 0.356%
- Break-even
- 17.8 days
Slippage from Binance: live order book, 11 min ago; Hyperliquid: live order book, 10 min ago.
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 Binance live order book, 11 min ago | 0.84 bp | 9.1 bp −$9 | 16.5 bp −$165 | 60.1 bp −$6,011 | 186.7 bp −$93.4K |
| Sell Hyperliquid live order book, 10 min ago | 0.84 bp | 8.6 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
SHIB on 29 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SHIBUSD | −0.0598% | 1h | 0.000005961 | −0.114% | $1.1M | $1.1M | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0128% | 1h | 0.000005960 | −0.133% | $117K | $1.5M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005969 | +0.020% | $23K | $56K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005967 | −0.022% | $109K | $3.2M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005961 | −0.116% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005963 | −0.074% | $563 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.208% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0069% | 8h | 0.000005964 | −0.066% | — | $2.3M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005962 | −0.099% | $156K | $632K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005970 | +0.028% | $41K | $336K | 50x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Lighter 1000SHIB
Aster 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kSHIB | +0.0100% | 1h | 0.000005970 | +0.035% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDTlong | +0.0100% | 8h | 0.000005968 | long leg | $30.1M | $123.2M | 75x | |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005963 | −0.082% | $9.4M | $41.7M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005960 | −0.133% | $7.0M | $7.3M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005967 | −0.015% | $28.4M | $19.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005967 | −0.015% | $4.6M | $3.1M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005963 | −0.082% | $11.2M | $17.1M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005962 | −0.099% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005965 | −0.049% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005973 | +0.085% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005961 | −0.116% | $502 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005967 | −0.015% | $407K | $591K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005960 | −0.133% | $2.0M | $7.4M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000005974 | +0.095% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005962 | −0.105% | $53K | $4K | 25x | as long as short |
| Hyperliquid kSHIBshort | +0.0174% | 1h | 0.000005969 | +0.018% | $3.6M | $5.3M | 10x | |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −16.219% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005965 | −0.049% | $897K | $915K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005961 | −0.123% | $1 | — | 20x | as long as short |
Pacifica kSHIB
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP