Funding you earn now, next payment 10:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.067%
Price spread now: Hyperliquid against MEXC+0.397%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs+$2as in the Price arb table
costs, in and out, $10k−$280.278% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 7 days−0.394%−$39 · spread now +0.397%, 7d avg +0.097%
=Together, before fees−0.302%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.300% dearer against MEXC than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SHIB_USDT | 0.000006043 | 0.0100 | pay 0.0100% / 8h | 6h 54m | $27.4M | $19.9M | 300x |
| Short | Hyperliquid kSHIB | 0.000006067 | 0.0272 | get 0.0034% / 1h | 54m 37s | $3.6M | $5.5M | 10x |
MEXC SHIB_USDT
Hyperliquid kSHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against MEXC. 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
- $36.1
- Price spread: +0.397% → +0.097%
- $30.03
- Slippage, 4 orders
- −$18.83
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $38.29
- Costs to cover
- 0.278%
- Break-even
- from the start
Slippage from MEXC: live order book, 4 min ago; Hyperliquid: live order book, 7 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 MEXC live order book, 4 min ago | 0.82 bp | 6.2 bp −$6 | 13.1 bp −$131 | 60.6 bp −$6,060 | 76.3 bp −$38.2K |
| Sell Hyperliquid live order book, 7 min ago | 1.63 bp | 10.1 bp −$10 | doesn't fit | 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 | −0.0080% | 1h | 0.000006109 | +1.092% | $132K | $1.7M | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006061 | +0.300% | $96K | $3.5M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006065 | +0.364% | $49K | $46K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006113 | +1.160% | $577 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −0.050% | $248 | $134K | 5.5x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0036% | 1h | 0.000006064 | +0.353% | $1.2M | $1.0M | 50x | as long as short |
| BingX 1000SHIB-USDT | +0.0053% | 8h | 0.000006053 | +0.165% | — | $2.2M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006056 | +0.215% | $156K | $623K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006059 | +0.261% | $41K | $296K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006054 | +0.182% | $12K | $6K | 10x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Kraken Futures PF_SHIBUSD
BingX 1000SHIB-USDT
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 | 0.000006067 | +0.392% | $31.2M | $130.0M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006054 | +0.182% | $9.8M | $46.9M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006050 | +0.116% | $7.1M | $6.8M | 75x | as long as short |
| MEXC SHIB_USDTlong | +0.0100% | 8h | 0.000006043 | long leg | $27.4M | $19.9M | 300x | |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006050 | +0.116% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006054 | +0.182% | $11.4M | $17.7M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006068 | +0.414% | $23K | $9K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006071 | +0.463% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006080 | +0.612% | $2K | $26K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006065 | +0.364% | $513 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006072 | +0.480% | $417K | $514K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006070 | +0.447% | $2.1M | $7.8M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000006057 | +0.234% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006055 | +0.205% | $54K | $4K | 25x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000006000 | −0.712% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006072 | +0.480% | $917K | $939K | 50x | as long as short |
| Hyperliquid kSHIBshort | +0.0272% | 1h | 0.000006067 | +0.397% | $3.6M | $5.5M | 10x | |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006067 | +0.397% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.7085% | 1h | 0.000006050 | +0.112% | $32K | $75K | 10x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate 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
dYdX SHIB-USD