Funding you earn now, next payment 01:00 UTC−0.0644%/8h= −70.5% APRnext payment −$0.80 per $10,000 · paid last 24h +0.772%
Price spread now: dYdX against Hyperliquid−0.364%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.357%+$136 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and dYdX is 0.364% cheaper against Hyperliquid than usual: you would sell low and buy high (−$36 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.357%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid kSHIB | 0.000006069 | 0.0644 | pay 0.0080% / 1h | 41m 17s | $4.4M | $4.0M | 10x |
| Short | dYdX SHIB-USD | 0.000006047 | 0 | get 0.0000% / 1h | 41m 17s | $23K | $64K | 10x |
Hyperliquid kSHIB
dYdX SHIB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Hyperliquid. 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
- −$135.23
- Price spread: −0.364% → 0.000%
- −$36.4
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$190.62
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; dYdX: no order-book sample. Net counts fees only.
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 Hyperliquid live order book, 10 min ago | 0.83 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-USDshort | 0.0000% | 1h | 0.000006047 | −0.364% | $23K | $64K | 10x | |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006052 | −0.287% | $93K | $2.0M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006056 | −0.216% | $737 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −0.478% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0064% | 1h | 0.000006011 | −0.956% | $76K | $766K | 50x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006057 | −0.198% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006061 | −0.132% | $219K | $435K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006053 | −0.262% | $37K | $180K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006047 | −0.362% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006057 | −0.191% | $29.5M | $97.3M | 75x | as long as short |
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDC
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 | 0.000006053 | −0.264% | $8.7M | $33.3M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006056 | −0.214% | $7.0M | $5.5M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006053 | −0.264% | $31.3M | $16.7M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006056 | −0.214% | $4.9M | $2.6M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006056 | −0.214% | $11.6M | $13.6M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006060 | −0.148% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006069 | 0.000% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006060 | −0.148% | $558 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006056 | −0.214% | $414K | $593K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006062 | −0.115% | $2.1M | $6.3M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006058 | −0.173% | $54K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0107% | 8h | 0.000006050 | −0.309% | $7K | — | 20x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0157% | 1h | 0.000006057 | −0.198% | $25K | $6K | 15x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.137% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006057 | −0.198% | $811K | $941K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0245% | 1h | 0.000006060 | −0.148% | $46K | $65K | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0259% | 1h | 0.000006060 | −0.146% | $1.1M | $815K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006059 | −0.164% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIBlong | +0.0644% | 1h | 0.000006069 | long leg | $4.4M | $4.0M | 10x |
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
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Backpack kSHIB_USDC_PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Kraken Futures PF_SHIBUSD
Reya kSHIBRUSDPERP