Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against HTX−0.117%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$720.721% of the position
Funding, last 7 days+0.171%+$17 on $10k
+Price spread, last 4 days (all we have)+0.194%+$19 · spread now −0.117%, 7d avg +0.002%
=Funding pays, the price is against you. BloFin is 0.119% cheaper against HTX than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of +0.002%). If the spread goes back, that is −$12 on $10k: about 3.3 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SHIB-USDT | 0.000005990 | 0.0100 | pay 0.0100% / 8h | 2h 21m | $408K | $570K | 75x |
| Short | BloFin SHIB-USDT | 0.000005983 | 0.0220 | get 0.0220% / 8h | 2h 21m | $898K | $920K | 50x |
HTX SHIB-USDT
BloFin SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: −0.117% → +0.002%
- −$11.89
- Slippage, 4 orders
- −$48.1
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$58.8
- Costs to cover
- 0.721%
- Break-even
- 23.3 days
Slippage from HTX: live order book, 27 min ago; BloFin: live order book, 6 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, 27 min ago | 2.50 bp | 21.3 bp −$21 | 91.0 bp −$910 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 0.84 bp | 10.3 bp −$10 | 20.6 bp −$206 | 69.2 bp −$6,919 | 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 | −0.0595% | 1h | 0.000005984 | −0.103% | $1.1M | $1.0M | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0128% | 1h | 0.000005947 | −0.718% | $116K | $1.6M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005979 | −0.185% | $23K | $56K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005982 | −0.132% | $109K | $3.2M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005983 | −0.119% | $565 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.835% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0061% | 8h | 0.000005988 | −0.033% | — | $2.3M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0084% | 1h | 0.000005984 | −0.100% | $46K | $65K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005984 | −0.100% | $157K | $636K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005984 | −0.103% | $41K | $336K | 50x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
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 | 0.000005984 | −0.100% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005984 | −0.100% | $30.1M | $124.1M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005986 | −0.067% | $9.2M | $42.4M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005985 | −0.083% | $7.0M | $7.3M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005987 | −0.050% | $28.3M | $19.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005982 | −0.134% | $4.6M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005988 | −0.033% | $11.2M | $17.1M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005983 | −0.117% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005986 | −0.067% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005999 | +0.150% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005984 | −0.100% | $505 | $5K | 10x | as long as short |
| HTX SHIB-USDTlong | +0.0100% | 8h | 0.000005990 | long leg | $408K | $570K | 75x | |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005983 | −0.117% | $2.0M | $7.4M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000005985 | −0.083% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005980 | −0.170% | $53K | $4K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0170% | 1h | 0.000005995 | +0.083% | $3.6M | $5.3M | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −16.528% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTshort | +0.0220% | 8h | 0.000005983 | −0.117% | $898K | $920K | 50x | |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005986 | −0.070% | $1 | — | 20x | as long as short |
Pacifica kSHIB
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
Extended 1000SHIB-USD
Hyperliquid kSHIB
GMX SHIB/USD [ETH-USDC]
Reya kSHIBRUSDPERP