Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: HTX against BloFin−0.199%59s7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as 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−$760.759% of the position
Funding, last 7 days−0.171%−$17 on $10k
+Price spread, last 3 days (all we have)+0.104%+$10 · spread now −0.199%, 7d avg −0.011%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and HTX is 0.188% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.011%). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SHIB-USDT | 0.000006022 | 0.0220 | pay 0.0220% / 8h | 7h 47m | $798K | $940K | 50x |
| Short | HTX SHIB-USDT | 0.000006010 | 0.0100 | get 0.0100% / 8h | 7h 47m | $411K | $594K | 75x |
BloFin SHIB-USDT
HTX SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against BloFin. 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
- −$25.2
- Price spread: −0.199% → −0.011%
- −$18.78
- Slippage, 4 orders
- −$51.92
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$119.9
- Costs to cover
- 0.759%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 39 min ago; HTX: live order book, 26 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 BloFin live order book, 39 min ago | 1.66 bp | 9.3 bp −$9 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell HTX live order book, 26 min ago | 4.17 bp | 15.6 bp −$16 | 100.6 bp −$1,006 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006020 | −0.033% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006017 | −0.078% | $94K | $2.0M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006010 | −0.199% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006009 | −0.209% | $731 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.299% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0064% | 1h | 0.000006016 | −0.100% | $76K | $767K | 50x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006013 | −0.149% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006014 | −0.133% | $186K | $389K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006010 | −0.203% | $35K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006025 | +0.050% | $12K | $4K | 10x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDC
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 | 0.000006015 | −0.112% | $29.4M | $97.2M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006010 | −0.199% | $8.6M | $33.0M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006009 | −0.216% | $6.9M | $5.5M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006013 | −0.149% | $31.2M | $16.7M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006014 | −0.133% | $4.9M | $2.6M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006008 | −0.232% | $11.5M | $13.6M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006012 | −0.166% | $25K | $6K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006011 | −0.183% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006018 | −0.066% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006008 | −0.232% | $553 | $5K | 10x | as long as short |
| HTX SHIB-USDTshort | +0.0100% | 8h | 0.000006010 | −0.199% | $411K | $594K | 75x | |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006016 | −0.104% | $54K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0104% | 8h | 0.000006021 | −0.025% | $7K | — | 20x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.365% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTlong | +0.0220% | 8h | 0.000006022 | long leg | $798K | $940K | 50x | |
| Kraken Futures PF_SHIBUSD | +0.0261% | 1h | 0.000006008 | −0.233% | $1.1M | $813K | 50x | as long as short |
| Phemex u1000SHIBUSDT | +0.0298% | 8h | 0.000006010 | −0.199% | $2.1M | $6.2M | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006015 | −0.123% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0588% | 1h | 0.000006019 | −0.050% | $4.4M | $4.0M | 10x | as long as short |
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
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
GMX SHIB/USD [ETH-USDC]
Kraken Futures PF_SHIBUSD
Phemex u1000SHIBUSDT
Reya kSHIBRUSDPERP
Hyperliquid kSHIB