Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.067%
Price spread now: KuCoin against Hyperliquid−0.082%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$610.613% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 7 days+0.073%+$7 · spread now −0.082%, 7d avg −0.101%
=Together, before fees−0.014%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid kSHIB | 0.000006067 | 0.0100 | pay 0.0013% / 1h | 59m 00s | $3.6M | $5.2M | 10x |
| Short | KuCoin SHIBUSDTM | 0.000006062 | 0.0100 | get 0.0100% / 8h | 5h 59m | $4.7M | $3.2M | 75x |
Hyperliquid kSHIB
KuCoin SHIBUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $0
- Price spread: −0.082% → −0.101%
- $1.83
- Slippage, 4 orders
- −$40.33
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$59.49
- Costs to cover
- 0.613%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; KuCoin: 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 Hyperliquid live order book, 6 min ago | 0.82 bp | 9.9 bp −$10 | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 2.47 bp | 20.4 bp −$20 | 59.6 bp −$596 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTX | −0.0056% | 1h | 0.000006068 | +0.016% | $131K | $1.7M | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006064 | −0.054% | $80K | $3.5M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006065 | −0.033% | $45K | $50K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006053 | −0.229% | $571 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −0.445% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000006058 | −0.148% | — | $1.7M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006067 | 0.000% | $156K | $606K | 10x | as long as short |
| Hyperliquid kSHIBlong | +0.0100% | 1h | 0.000006067 | long leg | $3.6M | $5.2M | 10x | |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006062 | −0.084% | $40K | $275K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006069 | +0.033% | $12K | $5K | 10x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIBShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006061 | −0.099% | $31.4M | $128.4M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006058 | −0.148% | $9.6M | $46.2M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006056 | −0.181% | $7.1M | $6.7M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006060 | −0.115% | $28.0M | $19.0M | 300x | as long as short |
| KuCoin SHIBUSDTMshort | +0.0100% | 8h | 0.000006062 | −0.082% | $4.7M | $3.2M | 75x | |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006061 | −0.099% | $11.4M | $17.6M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006059 | −0.132% | $23K | $9K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006064 | −0.049% | $7K | $2K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006072 | +0.082% | $2K | $25K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006063 | −0.066% | $527 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006056 | −0.181% | $416K | $480K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006061 | −0.099% | $2.1M | $7.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000006066 | −0.015% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006059 | −0.132% | $54K | $4K | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0201% | 1h | 0.000006062 | −0.086% | $1.2M | $1.0M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000006000 | −1.104% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006063 | −0.066% | $927K | $907K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006060 | −0.115% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.6478% | 1h | 0.000006069 | +0.026% | $32K | $65K | 10x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
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]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
dYdX SHIB-USD