Funding you earn now, next payment 04:00 UTC+0.0449%/8h= +49.1% APRpaid last 24h +0.025%
Price spread now: HTX against Kraken Futures−0.574%59s7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$770.774% of the position
Funding, last 7 days+0.154%+$15 on $10k
+Price spread, last 4 days (all we have)+0.497%+$50 · spread now −0.574%, 7d avg −0.026%
=Funding pays, the price is against you. HTX is 0.548% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.574% now, against its 7-day average of −0.026%). If the spread goes back, that is −$55 on $10k: about 4.1 days of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.154% in total) that is about 25 days. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.154% in total (about 8.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SHIBUSD | 0.000006037 | −0.0349 | get 0.0044% / 1h | 17m 24s | $1.1M | $934K | 50x |
| Short | HTX SHIB-USDT | 0.000006002 | 0.0100 | get 0.0100% / 8h | 4h 17m | $409K | $556K | 75x |
Kraken Futures PF_SHIBUSD
HTX SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Kraken Futures. 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
- $94.23
- Price spread: −0.574% → −0.026%
- −$54.78
- Slippage, 4 orders
- −$55.4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$37.95
- Costs to cover
- 0.774%
- Break-even
- 9.8 days
Slippage from Kraken Futures: live order book, 1 min ago; HTX: live order book, 41 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 Kraken Futures live order book, 1 min ago | 4.99 bp | 21.0 bp −$21 | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell HTX live order book, 41 min ago | 5.04 bp | 16.7 bp −$17 | 111.4 bp −$1,114 | 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_SHIBUSDlong | −0.0349% | 1h | 0.000006037 | long leg | $1.1M | $934K | 50x | |
| Coinbase International 1000SHIB-PERP-INTX | −0.0088% | 1h | 0.000006010 | −0.442% | $126K | $1.1M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006025 | −0.196% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006000 | −0.612% | $192K | $2.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006034 | −0.044% | $570 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.055% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000006038 | +0.022% | — | $2.1M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006025 | −0.193% | $160K | $608K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006033 | −0.057% | $41K | $321K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006027 | −0.160% | $12K | $5K | 10x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
Kalshi KXKSHIBPERP
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 | 0.000006038 | +0.022% | $29.8M | $104.8M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006034 | −0.044% | $9.5M | $37.1M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006032 | −0.077% | $7.0M | $5.9M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006032 | −0.077% | $30.2M | $17.8M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006032 | −0.077% | $4.8M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006035 | −0.027% | $11.6M | $14.6M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006037 | +0.006% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006045 | +0.138% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006035 | −0.027% | $478 | $5K | 10x | as long as short |
| HTX SHIB-USDTshort | +0.0100% | 8h | 0.000006002 | −0.574% | $409K | $556K | 75x | |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006010 | −0.442% | $2.1M | $6.9M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006031 | −0.087% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0118% | 8h | 0.000006028 | −0.145% | $7K | $13 | 20x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0124% | 1h | 0.000006008 | −0.475% | $23K | $7K | 15x | as long as short |
| Hyperliquid kSHIB | +0.0137% | 1h | 0.000006041 | +0.072% | $3.6M | $4.8M | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.607% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006004 | −0.541% | $873K | $890K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0247% | 1h | 0.000006037 | +0.006% | $46K | $58K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006032 | −0.073% | $1 | — | 20x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Backpack kSHIB_USDC_PERP
Hyperliquid kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP