Funding you earn now, next payment 12:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h +0.037%
Price spread now: Hyperliquid against BloFin+0.067%7-day average +0.146% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$400.405% of the position
Funding, last 7 days−0.142%−$14 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now +0.067%, 7d avg +0.146%
=Together, before fees−0.076%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.079% cheaper against BloFin than usual: you would sell low and buy high (spread +0.067% now, against its 7-day average of +0.146%). If the spread goes back, that is −$8 on $10k: about 4.3 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.142%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SHIB-USDT | 0.000005954 | 0.0220 | pay 0.0220% / 8h | 4h 52m | $911K | $876K | 50x |
| Short | Hyperliquid kSHIB | 0.000005958 | 0.0281 | get 0.0035% / 1h | 52m 43s | $3.6M | $5.2M | 10x |
BloFin SHIB-USDT
Hyperliquid kSHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BloFin. 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
- $12.84
- Price spread: +0.067% → +0.146%
- −$7.89
- Slippage, 4 orders
- −$19.46
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$35.51
- Costs to cover
- 0.405%
- Break-even
- 26.4 days
Slippage from BloFin: live order book, 52 min ago; Hyperliquid: live order book, 2 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 BloFin live order book, 52 min ago | 1.67 bp | 12.7 bp −$13 | 22.7 bp −$227 | 91.4 bp −$9,144 | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 1.68 bp | 7.1 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
SHIB on 29 exchanges
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 | 0.000005952 | −0.032% | $36K | $3.6M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005949 | −0.084% | $561 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0016% | 1h | 0.000005954 | 0.000% | $146K | $1.7M | 50x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.444% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000005949 | −0.084% | — | $1.7M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0086% | 1h | 0.000005950 | −0.067% | $51K | $50K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005953 | −0.017% | $168K | $616K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005947 | −0.123% | $43K | $283K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005951 | −0.050% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005951 | −0.047% | $30.8M | $129.1M | 75x | as long as short |
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005951 | −0.050% | $9.4M | $45.5M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005949 | −0.084% | $7.0M | $6.8M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005947 | −0.118% | $27.1M | $19.0M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005947 | −0.118% | $4.7M | $3.3M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005949 | −0.084% | $11.4M | $17.7M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005949 | −0.084% | $6K | $2K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005961 | +0.118% | $2K | $25K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005956 | +0.034% | $509 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005951 | −0.050% | $408K | $488K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005955 | +0.017% | $2.1M | $7.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0103% | 8h | 0.000005950 | −0.066% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005949 | −0.081% | $53K | $4K | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0209% | 1h | 0.000005958 | +0.067% | $1.2M | $1.0M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0211% / S −0.2404% | 1h | 0.000005000 | −16.023% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTlong | +0.0220% | 8h | 0.000005954 | long leg | $911K | $876K | 50x | |
| Backpack kSHIB_USDC_PERP | +0.0266% | 1h | 0.000005954 | 0.000% | $23K | $9K | 15x | as long as short |
| Hyperliquid kSHIBshort | +0.0281% | 1h | 0.000005958 | +0.067% | $3.6M | $5.2M | 10x | |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005948 | −0.094% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +1.1196% | 1h | 0.000005949 | −0.080% | $31K | $52K | 10x | as long as short |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
Backpack kSHIB_USDC_PERP
Reya kSHIBRUSDPERP
dYdX SHIB-USD