Settings8H · net · $10k
Funding arb · Price arb /

SHIB

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.063%
Price spread now: Hyperliquid against SoDEX+0.228%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.228% dearer against SoDEX than usual: you sell high and buy low, +$23 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX 1000SHIB-USD0.0000061510.0100pay 0.0013% / 1h24m 18s$501$5K10x
ShortHyperliquid kSHIB0.0000061650.0100get 0.0013% / 1h24m 18s$3.7M$5.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against SoDEX. 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

Funding earned
$0
Price spread: +0.228% → 0.000%
$22.76
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$5.76
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: SoDEX: no order-book sample; Hyperliquid: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell Hyperliquid live order book, 8 min ago0.81 bp11.9 bp −$1221.3 bp −$213doesn't fitdoesn't fit
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SHIB on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000SHIB-PERP-INTX−0.0168%1h0.000006161+0.163%$121K$1.4M50xas long as short
Kraken Futures PF_SHIBUSD−0.0064%1h0.000006148−0.052%$1.2M$1.0M50xas long as short
dYdX SHIB-USD0.0000%1h0.000006156+0.081%$24K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006162+0.176%$170K$2.9M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006152+0.016%$51K$61K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000006155+0.062%$581150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040−1.805%$248$134K5.5xas long as short
BingX 1000SHIB-USDT+0.0070%8h0.000006150−0.016%$2.2Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006161+0.163%$162K$622K10xas long as short
Hyperliquid kSHIBshort+0.0100%1h0.000006165+0.228%$3.7M$5.2M10x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000SHIBUSDT+0.0100%8h0.000006153+0.034%$43K$328K50xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006153+0.032%$31.7M$116.6M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006147−0.065%$10.0M$41.2M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006150−0.016%$7.3M$6.8M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006153+0.033%$30.6M$18.9M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006153+0.033%$4.8M$3.0M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006154+0.049%$11.8M$16.1M75xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.0000061510.000%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006159+0.130%$2K$26K20xas long as short
SoDEX 1000SHIB-USDlong+0.0100%1h0.000006151long leg$501$5K10x
HTX SHIB-USDT+0.0100%8h0.000006158+0.114%$425K$572K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006160+0.146%$2.1M$7.2M50xas long as short
Paradex kSHIB-USD-PERP+0.0102%8h0.000006157+0.099%$7K$1320xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006148−0.048%$55K$4K25xas long as short
Backpack kSHIB_USDC_PERP+0.0150%1h0.000006157+0.098%$24K$7K15xas long as short
Pacifica kSHIB+0.0188%1h0.000006160+0.146%$12K$5K10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−2.455%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006149−0.033%$943K$918K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006152+0.022%$120xas long as short