Funding you earn now, next payment 22:00 UTC+0.0638%/8h= +69.8% APRpaid last 24h +0.053%
Price spread now: Hyperliquid against BingX+0.184%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$480.478% of the position
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 7 days−0.105%−$10 · spread now +0.184%, 7d avg +0.086%
=Together, before fees+0.075%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Hyperliquid is 0.098% dearer against BingX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.086%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.179% in total (about 9.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000SHIB-USDT | 0.000005967 | 0.0034 | pay 0.0034% / 8h | 2h 17m | — | $2.1M | — |
| Short | Hyperliquid kSHIB | 0.000005978 | 0.0672 | get 0.0084% / 1h | 17m 54s | $4.3M | $3.7M | 10x |
BingX 1000SHIB-USDT
Hyperliquid kSHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $133.93
- Price spread: +0.184% → +0.086%
- $9.8
- Slippage, 4 orders
- −$28.77
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $95.96
- Costs to cover
- 0.478%
- Break-even
- 2.0 days
Slippage from BingX: live order book, 10 min ago; Hyperliquid: live order book, 4 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, 10 min ago | 2.52 bp | 8.6 bp −$9 | 17.0 bp −$170 | 63.1 bp −$6,308 | 125.7 bp −$62.9K |
| Sell Hyperliquid live order book, 4 min ago | 5.00 bp | 17.4 bp −$17 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005971 | +0.069% | $58K | $1.7M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005976 | +0.151% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005975 | +0.141% | $727 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0016% | 1h | 0.000005933 | −0.570% | $89K | $752K | 50x | as long as short |
| BingX 1000SHIB-USDTlong | +0.0034% | 8h | 0.000005967 | long leg | — | $2.1M | — | |
| Kraken Futures PF_SHIBUSD | +0.0056% | 1h | 0.000005972 | +0.091% | $1.1M | $765K | 50x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005974 | +0.117% | $152K | $286K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005971 | +0.072% | $35K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005967 | 0.000% | $11K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005971 | +0.060% | $29.0M | $88.6M | 75x | as long as short |
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
Kraken Futures PF_SHIBUSD
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005965 | −0.034% | $7.6M | $28.0M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005966 | −0.017% | $6.8M | $5.4M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005967 | 0.000% | $31.8M | $15.7M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005970 | +0.050% | $4.9M | $2.3M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005969 | +0.034% | $11.6M | $12.6M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005969 | +0.034% | $25K | $5K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005976 | +0.151% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005978 | +0.184% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005975 | +0.134% | $538 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005972 | +0.084% | $402K | $613K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005973 | +0.101% | $2.2M | $5.5M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0100% | 8h | 0.000005970 | +0.042% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005967 | +0.001% | $53K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0187% | 1h | 0.000005964 | −0.050% | $245 | $67K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −16.206% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005971 | +0.067% | $703K | $988K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005972 | +0.084% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIBshort | +0.0672% | 1h | 0.000005978 | +0.184% | $4.3M | $3.7M | 10x | |
| dYdX SHIB-USD | +0.7753% | 1h | 0.000005970 | +0.046% | $23K | $64K | 10x | as long as short |
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
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
dYdX SHIB-USD