Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Kalshi against HTX+0.029%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$700.700% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.029%, 7d avg −0.017%
=The price spread pays, funding is against you. Kalshi is 0.046% dearer against HTX than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.017%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SHIB-USDT | 0.000005935 | 0.0100 | pay 0.0100% / 8h | 4h 44m | $405K | $566K | 75x |
| Short | Kalshi KXKSHIBPERP | 0.000005937 | 0 | get 0.0000% / 8h | 44m 18s | $191K | $2.3M | 2x |
HTX SHIB-USDT
Kalshi KXKSHIBPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi 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
- −$21
- Price spread: +0.029% → −0.017%
- $4.56
- Slippage, 4 orders
- −$47.96
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$86.4
- Costs to cover
- 0.700%
- Break-even
- never at this rate
Slippage from HTX: live order book, 14 min ago; Kalshi: 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 HTX live order book, 14 min ago | 5.04 bp | 27.8 bp −$28 | 106.2 bp −$1,062 | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 4 min ago | 7.67 bp | 12.7 bp −$13 | 20.4 bp −$204 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SHIBUSD | −0.0355% | 1h | 0.000005934 | −0.018% | $1.1M | $928K | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0088% | 1h | 0.000005921 | −0.236% | $124K | $1.1M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005940 | +0.082% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERPshort | 0.0000% | 8h | 0.000005937 | +0.029% | $191K | $2.3M | 2x | |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005952 | +0.286% | $562 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.769% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000005953 | +0.303% | — | $2.1M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005948 | +0.219% | $160K | $604K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005949 | +0.232% | $40K | $321K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005944 | +0.152% | $12K | $5K | 10x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Lighter 1000SHIB
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 | 0.000005956 | +0.352% | $29.2M | $103.4M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005954 | +0.320% | $9.2M | $36.2M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005950 | +0.253% | $6.9M | $5.9M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005953 | +0.303% | $29.8M | $17.7M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005953 | +0.303% | $4.8M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005952 | +0.286% | $11.2M | $14.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005939 | +0.067% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005956 | +0.354% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005948 | +0.219% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005937 | +0.034% | $487 | $5K | 10x | as long as short |
| HTX SHIB-USDTlong | +0.0100% | 8h | 0.000005935 | long leg | $405K | $566K | 75x | |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005940 | +0.084% | $2.1M | $6.8M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005950 | +0.248% | $53K | $4K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0105% | 1h | 0.000005961 | +0.438% | $3.6M | $4.8M | 10x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0110% | 8h | 0.000005947 | +0.204% | $7K | $13 | 20x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −15.754% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005935 | 0.000% | $869K | $883K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0255% | 1h | 0.000005940 | +0.084% | $46K | $61K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005953 | +0.310% | $1 | — | 20x | 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
Extended 1000SHIB-USD
Hyperliquid kSHIB
Paradex kSHIB-USD-PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP