Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.063%
Price spread now: Hyperliquid against Phemex+0.066%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$550.551% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 3 days (all we have)+0.019%+$2 · spread now +0.066%, 7d avg +0.078%
=Together, before fees+0.102%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex u1000SHIBUSDT | 0.000006033 | 0.0100 | pay 0.0100% / 8h | 6h 07m | $2.1M | $6.7M | 50x |
| Short | Hyperliquid kSHIB | 0.000006037 | 0.0100 | get 0.0013% / 1h | 7m 54s | $3.7M | $4.7M | 10x |
Phemex u1000SHIBUSDT
Hyperliquid kSHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Phemex. 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: +0.066% → +0.078%
- −$1.18
- Slippage, 4 orders
- −$34.08
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$56.26
- Costs to cover
- 0.551%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; Hyperliquid: live order book, 4 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 Phemex live order book, 6 min ago | 4.15 bp | 19.2 bp −$19 | 66.7 bp −$667 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.66 bp | 11.4 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
SHIB on 28 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-USD | 0.0000% | 1h | 0.000006021 | −0.202% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006036 | +0.056% | $194K | $2.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006032 | −0.023% | $734 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.116% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0072% | 1h | 0.000006021 | −0.199% | $135K | $1.1M | 50x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006036 | +0.050% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006035 | +0.033% | $163K | $610K | 10x | as long as short |
| Hyperliquid kSHIBshort | +0.0100% | 1h | 0.000006037 | +0.066% | $3.7M | $4.7M | 10x | |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006036 | +0.050% | $93K | $248K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006037 | +0.066% | $29.5M | $102.0M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDC
Lighter 1000SHIB
Aster 1000SHIBUSDT
Binance 1000SHIBUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006032 | −0.017% | $9.3M | $36.2M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006029 | −0.066% | $7.0M | $5.7M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006033 | 0.000% | $30.2M | $17.6M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006031 | −0.033% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006029 | −0.066% | $11.3M | $14.2M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006039 | +0.099% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006037 | +0.066% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006047 | +0.232% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006037 | +0.066% | $515 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006030 | −0.050% | $413K | $595K | 75x | as long as short |
| Phemex u1000SHIBUSDTlong | +0.0100% | 8h | 0.000006033 | long leg | $2.1M | $6.7M | 50x | |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006031 | −0.032% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0115% | 8h | 0.000006027 | −0.099% | $7K | $13 | 20x | as long as short |
| Pacifica kSHIB | +0.0183% | 1h | 0.000006019 | −0.232% | $12K | $4K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.547% | $1K | — | 100x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0247% | 1h | 0.000006037 | +0.066% | $46K | $64K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006029 | −0.063% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0755% | 1h | 0.000006032 | −0.023% | $1.1M | $874K | 50x | as long as short |
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
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD