Settings8H · net · $10k
Funding arb · Price arb /

SHIB

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.063%
Price spread now: SoDEX against Hyperliquid−0.311%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.311% cheaper against Hyperliquid than usual: you would sell low and buy high, −$31 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid kSHIB0.0000061120.0100pay 0.0013% / 1h11m 47s$3.6M$5.2M10x
ShortSoDEX 1000SHIB-USD0.0000060930.0100get 0.0013% / 1h11m 47s$510$5K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Hyperliquid. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.311% → 0.000%
−$31.09
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$48.09
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 10 min ago1.63 bp7.6 bp −$816.3 bp −$163doesn't fitdoesn't fit
Sell SoDEX no order-book sample
SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000SHIB-PERP-INTX−0.0168%1h0.000006131+0.311%$123K$1.5M50xas long as short
Kraken Futures PF_SHIBUSD−0.0064%1h0.000006088−0.398%$1.2M$1.0M50xas long as short
dYdX SHIB-USD0.0000%1h0.000006096−0.262%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006092−0.324%$191K$2.9M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006092−0.327%$50K$61K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000006089−0.373%$575150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040−1.178%$248$134K5.5xas long as short
BingX 1000SHIB-USDC+0.0070%8h0.000006095−0.278%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006103−0.147%$160K$628K10xas long as short
Hyperliquid kSHIBlong+0.0100%1h0.000006112long leg$3.6M$5.2M10x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000SHIBUSDT+0.0100%8h0.000006098−0.230%$42K$331K50xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006099−0.213%$31.2M$118.2M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006094−0.295%$9.8M$41.3M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006093−0.311%$7.2M$6.9M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006092−0.327%$29.9M$19.0M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006097−0.245%$4.7M$3.0M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006097−0.245%$11.7M$16.3M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006091−0.344%$23K$7K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006090−0.360%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006102−0.164%$2K$26K20xas long as short
SoDEX 1000SHIB-USDshort+0.0100%1h0.000006093−0.311%$510$5K10x
HTX SHIB-USDT+0.0100%8h0.000006092−0.327%$417K$579K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006090−0.360%$2.1M$7.2M50xas long as short
Paradex kSHIB-USD-PERP+0.0101%8h0.000006095−0.274%$7K$1320xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006089−0.373%$54K$4K25xas long as short
Pacifica kSHIB+0.0188%1h0.000006098−0.229%$12K$5K10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−1.832%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006114+0.033%$947K$915K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006084−0.458%$120xas long as short