Funding you earn now, next payment 16:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.54 per $10,000 · paid last 24h +0.008%
Price spread now: HTX against BingX−0.149%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$930.934% of the position
Funding, last 7 days+0.180%+$18 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.149%, 7d avg −0.030%
=Funding pays, the price is against you. HTX is 0.119% cheaper against BingX than usual: you would sell low and buy high (spread −0.149% now, against its 7-day average of −0.030%). If the spread goes back, that is −$12 on $10k: about 7.3 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000SHIB-USDT | 0.000006035 | 0.0046 | pay 0.0046% / 8h | 7h 12m | — | $2.2M | — |
| Short | HTX SHIB-USDT | 0.000006026 | 0.0100 | get 0.0100% / 8h | 7h 12m | $415K | $568K | 75x |
BingX 1000SHIB-USDT
HTX SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against BingX. 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
- $11.34
- Price spread: −0.149% → −0.030%
- −$11.88
- Slippage, 4 orders
- −$71.38
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$93.92
- Costs to cover
- 0.934%
- Break-even
- 65.0 days
Slippage from BingX: live order book, 5 min ago; HTX: live order book, 21 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 BingX live order book, 5 min ago | 2.48 bp | 9.9 bp −$10 | 17.3 bp −$173 | 60.1 bp −$6,013 | 127.0 bp −$63.5K |
| Sell HTX live order book, 21 min ago | 2.52 bp | 29.0 bp −$29 | 95.7 bp −$957 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTX | −0.0024% | 1h | 0.000006039 | +0.066% | $131K | $1.7M | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006037 | +0.040% | $157K | $3.3M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006027 | −0.133% | $54K | $48K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006024 | −0.176% | $569 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.083% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDTlong | +0.0046% | 8h | 0.000006035 | long leg | — | $2.2M | — | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006037 | +0.033% | $155K | $646K | 10x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0099% | 1h | 0.000006025 | −0.159% | $1.2M | $1.0M | 50x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006039 | +0.058% | $41K | $296K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006035 | 0.000% | $12K | $6K | 10x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Lighter 1000SHIB
Kraken Futures PF_SHIBUSD
Aster 1000SHIBUSDT
Pacifica kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006035 | −0.003% | $30.7M | $128.6M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006035 | 0.000% | $9.7M | $46.4M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006029 | −0.099% | $7.1M | $7.1M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006032 | −0.050% | $28.4M | $20.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006034 | −0.017% | $4.6M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006033 | −0.033% | $11.4M | $17.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006033 | −0.033% | $23K | $9K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006024 | −0.182% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006035 | 0.000% | $2K | $26K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006025 | −0.166% | $513 | $5K | 10x | as long as short |
| HTX SHIB-USDTshort | +0.0100% | 8h | 0.000006026 | −0.149% | $415K | $568K | 75x | |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006030 | −0.083% | $2.1M | $7.8M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000006036 | +0.012% | $7K | $13 | 20x | as long as short |
| Hyperliquid kSHIB | +0.0103% | 1h | 0.000006042 | +0.116% | $3.7M | $5.5M | 10x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006030 | −0.078% | $53K | $4K | 25x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000006000 | −0.580% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006027 | −0.133% | $839K | $941K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006025 | −0.170% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.7914% | 1h | 0.000006032 | −0.052% | $32K | $87K | 10x | as long as short |
Binance 1000SHIBUSDT
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
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Hyperliquid kSHIB
Extended 1000SHIB-USD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
dYdX SHIB-USD