data as of
Settings8H · net · $10k
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Funding arb /

SHIB

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 13:00 UTC+0.0057%/8h
next payment, per $10,000+$0.07paid, last 24h−0.110%paid, last 7 days−0.115%to open and close $10k−$57
Long on HyperliquidShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid kSHIB0.0000057380.0100pay 0.0013% / 1h31m 51s$3.1M$1.2M10x
ShortKraken Futures PF_SHIBUSD0.0000057330.0157get 0.0020% / 1h31m 51s$1.1M$561K50x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$11.88
Slippage, 4 orders
−$38.32
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$45.44
Break-even
33.8 days
Slippage from Hyperliquid: live order book, 1 min ago; Kraken Futures: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.095%
Avg gap 7d
−0.123%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 1 min ago0.87 bp8.0 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 3 min ago3.49 bp21.2 bp −$2131.4 bp −$314doesn't fitdoesn't fit

SHIB on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
dYdX SHIB-USD0.0000%1h$33K$54K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h$298K$796K2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h$45K$52K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h$698—150xas long as short
Injective SHIB/USDC PERP+0.0033%1h$224$92K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0048%1h$91K$895K50xas long as short
BingX 1000SHIB-USDC+0.0080%8h—$1.6M—as long as short
Lighter 1000SHIB+0.0096%1h$156K$175K10xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h$6K$1K20xas long as short
Hyperliquid kSHIBlong+0.0100%1h$3.1M$1.2M10x
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aster 1000SHIBUSDT+0.0100%8h$34K$143K50xas long as short
Pacifica kSHIB+0.0100%1h$11K$2K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h$28.2M$50.2M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h$7.4M$17.3M50xas long as short
Gate SHIB_USDT+0.0100%8h$6.4M$3.5M75xas long as short
MEXC SHIB_USDT+0.0100%8h$19.7M$7.8M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h$4.6M$1.8M75xas long as short
Bitget SHIBUSDT+0.0100%8h$10.8M$8.0M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h$24K$3K15xas long as short
SunX SHIB-USDT+0.0100%8h$2K$15K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h$517$6K10xas long as short
HTX SHIB-USDT+0.0100%8h$389K$700K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h$2.1M$3.8M50xas long as short
Paradex kSHIB-USD-PERP+0.0100%8h$7K—20xas long as short
Extended 1000SHIB-USD+0.0104%1h$51K$6K25xas long as short
Kraken Futures PF_SHIBUSDshort+0.0157%1h$1.1M$561K50x
GMX SHIB/USD [ETH-USDC]L +0.0215% / S −0.2404%1h$1K—100xas long as short
BloFin SHIB-USDT+0.0220%8h$716K$737K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h$1—20xas long as short