Funding arb · Price arb /

SHIB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against KuCoin+0.082%51s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as 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−$1301.298% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.082%, 7d avg −0.011%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.093% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.011%. The two prices were read 51 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	KuCoin SHIBUSDTM	0.000006061	0.0100	pay 0.0100% / 8h	3h 05m	$4.7M	$3.1M	75x
Short	HTX SHIB-USDT	0.000006066	0.0100	get 0.0100% / 8h	3h 05m	$412K	$587K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee HTXbpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → −0.011%: $9.34
Slippage, 4 orders: −$105.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$120.44
Costs to cover: 1.298%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; HTX: live order book, 48 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 KuCoin live order book, 7 min ago	3.29 bp	22.0 bp −$22	71.4 bp −$714	doesn't fit	doesn't fit
Sell HTX live order book, 48 min ago	2.41 bp	27.1 bp −$27	104.6 bp −$1,046	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
Coinbase International 1000SHIB-PERP-INTX	−0.0168%	1h	0.000006051	−0.165%	$118K	$1.6M	50x	as long as short
Kraken Futures PF_SHIBUSD	−0.0065%	1h	0.000006066	+0.084%	$1.1M	$1.0M	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	0.000006067	+0.099%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006071	+0.162%	$134K	$3.1M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006061	−0.007%	$572	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	−0.346%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDT	+0.0070%	8h	0.000006062	+0.016%	—	$2.3M	—	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0080%	1h	0.000006068	+0.115%	$47K	$65K	25x	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006067	+0.099%	$160K	$629K	10x	as long as short
Hyperliquid kSHIB	+0.0100%	1h	0.000006070	+0.148%	$3.6M	$5.3M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006067	+0.099%	$42K	$335K	50x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006066	+0.079%	$31.0M	$120.6M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006058	−0.049%	$9.7M	$41.4M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006062	+0.016%	$7.2M	$7.0M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006062	+0.016%	$29.6M	$19.0M	300x	as long as short
KuCoin SHIBUSDTMlong	+0.0100%	8h	0.000006061	long leg	$4.7M	$3.1M	75x
Bitget SHIBUSDT	+0.0100%	8h	0.000006062	+0.016%	$11.5M	$16.7M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006068	+0.115%	$23K	$7K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006064	+0.049%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006077	+0.264%	$2K	$26K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006067	+0.099%	$502	$5K	10x	as long as short
HTX SHIB-USDTshort	+0.0100%	8h	0.000006066	+0.082%	$412K	$587K	75x
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006070	+0.148%	$2.1M	$7.3M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0101%	8h	0.000006067	+0.094%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006057	−0.063%	$54K	$4K	25x	as long as short
Pacifica kSHIB	+0.0188%	1h	0.000006068	+0.115%	$12K	$5K	10x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−1.006%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006054	−0.115%	$929K	$913K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006058	−0.042%	$1	—	20x	as long as short