Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.38 per $10,000 · paid last 24h −0.020%
Price spread now: BingX against HTX+0.083%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$740.740% of the position
Funding, last 7 days−0.190%−$19 on $10k
+Price spread, last 3 days (all we have)+0.026%+$3 · spread now +0.083%, 7d avg +0.038%
=The price spread pays, funding is against you. BingX is 0.045% dearer against HTX than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.038%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 7 days (−0.190% in total) that is about 40 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SHIB-USDT | 0.000006012 | 0.0100 | pay 0.0100% / 8h | 1h 53m | $406K | $615K | 75x |
| Short | BingX 1000SHIB-USDT | 0.000006017 | 0.0062 | get 0.0062% / 8h | 1h 53m | — | $2.1M | — |
HTX SHIB-USDT
BingX 1000SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against HTX. 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
- −$7.98
- Price spread: +0.083% → +0.038%
- $4.49
- Slippage, 4 orders
- −$52.02
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$77.51
- Costs to cover
- 0.740%
- Break-even
- never at this rate
Slippage from HTX: live order book, 30 min ago; BingX: live order book, 9 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 HTX live order book, 30 min ago | 4.18 bp | 34.7 bp −$35 | 121.2 bp −$1,212 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 1.67 bp | 9.0 bp −$9 | 16.9 bp −$169 | 57.8 bp −$5,783 | 129.5 bp −$64.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006020 | +0.133% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006020 | +0.140% | $58K | $1.7M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006014 | +0.033% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006014 | +0.033% | $732 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0008% | 1h | 0.000005984 | −0.466% | $89K | $759K | 50x | as long as short |
| BingX 1000SHIB-USDTshort | +0.0062% | 8h | 0.000006017 | +0.083% | — | $2.1M | — | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006013 | +0.017% | $153K | $286K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006015 | +0.044% | $36K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006029 | +0.283% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006015 | +0.048% | $29.3M | $89.0M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
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 | 0.000006013 | +0.017% | $7.6M | $28.4M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006010 | −0.033% | $6.8M | $5.4M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006013 | +0.017% | $31.8M | $15.4M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006013 | +0.017% | $4.9M | $2.3M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006016 | +0.067% | $11.7M | $12.4M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006019 | +0.116% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006026 | +0.233% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006014 | +0.033% | $540 | $5K | 10x | as long as short |
| HTX SHIB-USDTlong | +0.0100% | 8h | 0.000006012 | long leg | $406K | $615K | 75x | |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006002 | −0.166% | $2.2M | $5.5M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0104% | 8h | 0.000006029 | +0.282% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006014 | +0.038% | $53K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0141% | 1h | 0.000005975 | −0.615% | $245 | $99K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.200% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006027 | +0.250% | $712K | $946K | 50x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0304% | 1h | 0.000006013 | +0.017% | $25K | $5K | 15x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006017 | +0.088% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0360% | 1h | 0.000006017 | +0.077% | $1.1M | $765K | 50x | as long as short |
| Hyperliquid kSHIB | +0.1007% | 1h | 0.000006020 | +0.133% | $4.4M | $3.8M | 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
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Backpack kSHIB_USDC_PERP
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD
Hyperliquid kSHIB