Funding you earn now, next payment 06:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.076%
Price spread now: Hyperliquid against Gate+0.133%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$490.492% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 7 days−0.062%−$6 · spread now +0.133%, 7d avg +0.115%
=Together, before fees+0.050%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.115%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SHIB_USDT | 0.000006004 | 0.0100 | pay 0.0100% / 8h | 2h 18m | $7.0M | $7.3M | 75x |
| Short | Hyperliquid kSHIB | 0.000006012 | 0.0184 | get 0.0023% / 1h | 18m 02s | $3.6M | $5.3M | 10x |
Gate SHIB_USDT
Hyperliquid kSHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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
- $17.6
- Price spread: +0.133% → +0.115%
- $1.84
- Slippage, 4 orders
- −$25.24
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$29.8
- Costs to cover
- 0.492%
- Break-even
- 18.8 days
Slippage from Gate: live order book, just now; 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 Gate live order book, just now | 3.33 bp | 16.0 bp −$16 | 30.9 bp −$309 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.67 bp | 9.2 bp −$9 | 17.8 bp −$178 | 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 | −0.0593% | 1h | 0.000006006 | +0.038% | $1.1M | $1.0M | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0128% | 1h | 0.000005947 | −0.949% | $116K | $1.6M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005998 | −0.100% | $23K | $56K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006003 | −0.012% | $109K | $3.2M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006007 | +0.045% | $567 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.600% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000006003 | −0.017% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006010 | +0.100% | $158K | $636K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006002 | −0.041% | $41K | $336K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005999 | −0.083% | $12K | $5K | 10x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
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 | 0.000006005 | +0.017% | $30.3M | $124.3M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006000 | −0.067% | $9.2M | $42.5M | 50x | as long as short |
| Gate SHIB_USDTlong | +0.0100% | 8h | 0.000006004 | long leg | $7.0M | $7.3M | 75x | |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006008 | +0.067% | $28.4M | $19.3M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006008 | +0.067% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006007 | +0.050% | $11.3M | $17.1M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006006 | +0.033% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006009 | +0.083% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006018 | +0.233% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006008 | +0.067% | $508 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006010 | +0.100% | $410K | $570K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006010 | +0.100% | $2.1M | $7.5M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000005997 | −0.110% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006007 | +0.045% | $53K | $4K | 25x | as long as short |
| Hyperliquid kSHIBshort | +0.0184% | 1h | 0.000006012 | +0.133% | $3.6M | $5.3M | 10x | |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.067% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006001 | −0.050% | $895K | $924K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006007 | +0.055% | $1 | — | 20x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0416% | 1h | 0.000006010 | +0.100% | $47K | $65K | 25x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
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
Deribit 1000SHIB_USDC-PERPETUAL