Funding you earn now, next payment 06:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h +0.093%
Price spread now: Hyperliquid against Kalshi+0.162%7-day average +0.109% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$410.415% of the position
Funding, last 7 days+0.230%+$23 on $10k
+Price spread, last 7 days−0.176%−$18 · spread now +0.162%, 7d avg +0.109%
=Together, before fees+0.054%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.053% dearer against Kalshi than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.109%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXKSHIBPERP | 0.000005936 | 0 | get 0.0000% / 8h | 6h 23m | $109K | $3.2M | 2x |
| Short | Hyperliquid kSHIB | 0.000005946 | 0.0159 | get 0.0020% / 1h | 23m 01s | $3.6M | $5.3M | 10x |
Kalshi KXKSHIBPERP
Hyperliquid kSHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kalshi. 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
- $33.4
- Price spread: +0.162% → +0.109%
- $5.29
- Slippage, 4 orders
- −$22.46
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$2.77
- Costs to cover
- 0.415%
- Break-even
- 7.6 days
Slippage from Kalshi: live order book, just now; Hyperliquid: live order book, 9 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 Kalshi live order book, just now | 3.79 bp | 8.8 bp −$9 | 15.4 bp −$154 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.84 bp | 5.3 bp −$5 | 14.4 bp −$144 | 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 | −0.0600% | 1h | 0.000005936 | −0.015% | $1.1M | $1.0M | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0128% | 1h | 0.000005947 | +0.179% | $116K | $1.6M | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | −0.0087% | 1h | 0.000005936 | −0.007% | $46K | $65K | 25x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005945 | +0.142% | $23K | $56K | 10x | as long as short |
| Kalshi KXKSHIBPERPlong | 0.0000% | 8h | 0.000005936 | long leg | $109K | $3.2M | 2x | |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005940 | +0.066% | $561 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.745% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0066% | 8h | 0.000005938 | +0.027% | — | $2.3M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005941 | +0.077% | $156K | $635K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005940 | +0.065% | $41K | $336K | 50x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
Deribit 1000SHIB_USDC-PERPETUAL
dYdX SHIB-USD
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
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 | 0.000005948 | +0.195% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005941 | +0.077% | $29.9M | $123.9M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005942 | +0.094% | $9.2M | $42.0M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005936 | −0.007% | $6.9M | $7.3M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005940 | +0.061% | $28.1M | $19.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005941 | +0.077% | $4.6M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005942 | +0.094% | $11.1M | $17.1M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005938 | +0.027% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005938 | +0.027% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005945 | +0.145% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005937 | +0.010% | $499 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005945 | +0.145% | $405K | $569K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005950 | +0.229% | $2.0M | $7.4M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000005947 | +0.180% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005940 | +0.067% | $53K | $4K | 25x | as long as short |
| Hyperliquid kSHIBshort | +0.0159% | 1h | 0.000005946 | +0.162% | $3.6M | $5.3M | 10x | |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −15.774% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005942 | +0.094% | $892K | $914K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005939 | +0.036% | $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
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP