Funding you earn now, next payment 01:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.024%
Price spread now: HTX against Coinbase International−0.282%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$940.942% of the position
Funding, last 7 days+0.209%+$21 on $10k
+Price spread, last 3 days (all we have)+0.227%+$23 · spread now −0.282%, 7d avg −0.011%
=Funding pays, the price is against you. HTX is 0.271% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.282% now, against its 7-day average of −0.011%). If the spread goes back, that is −$27 on $10k: about 32 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.209% in total) that is about 9.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000SHIB-PERP-INTX | 0.000006027 | 0.0072 | pay 0.0009% / 1h | 17m 55s | $136K | $1.1M | 50x |
| Short | HTX SHIB-USDT | 0.000006010 | 0.0100 | get 0.0100% / 8h | 6h 17m | $411K | $595K | 75x |
Coinbase International 1000SHIB-PERP-INTX
HTX SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Coinbase International. 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
- $5.88
- Price spread: −0.282% → −0.011%
- −$27.08
- Slippage, 4 orders
- −$72.2
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$115.4
- Costs to cover
- 0.942%
- Break-even
- 144.4 days
Slippage from Coinbase International: live order book, 1 min ago; HTX: live order book, 51 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 Coinbase International live order book, 1 min ago | 9.16 bp | 14.2 bp −$14 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell HTX live order book, 51 min ago | 4.93 bp | 17.0 bp −$17 | 100.2 bp −$1,002 | doesn't fit | doesn't fit |
SHIB on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006019 | −0.134% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006021 | −0.093% | $192K | $2.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006017 | −0.159% | $732 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.216% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTXlong | +0.0072% | 1h | 0.000006027 | long leg | $136K | $1.1M | 50x | |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006004 | −0.382% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006019 | −0.133% | $163K | $610K | 10x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000006014 | −0.216% | $3.6M | $4.7M | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006018 | −0.153% | $40K | $246K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006000 | −0.444% | $29.3M | $102.0M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Lighter 1000SHIB
Hyperliquid kSHIB
Aster 1000SHIBUSDT
Binance 1000SHIBUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006005 | −0.365% | $9.3M | $36.1M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006008 | −0.315% | $6.9M | $5.7M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006012 | −0.249% | $30.3M | $17.5M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006013 | −0.232% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006006 | −0.348% | $11.3M | $14.2M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006011 | −0.265% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006018 | −0.149% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006019 | −0.133% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006017 | −0.166% | $516 | $5K | 10x | as long as short |
| HTX SHIB-USDTshort | +0.0100% | 8h | 0.000006010 | −0.282% | $411K | $595K | 75x | |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006011 | −0.265% | $2.1M | $6.6M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006001 | −0.425% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0117% | 8h | 0.000006020 | −0.114% | $7K | $13 | 20x | as long as short |
| Pacifica kSHIB | +0.0183% | 1h | 0.000006023 | −0.066% | $12K | $4K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.448% | $1K | — | 100x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006014 | −0.218% | $1 | — | 20x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0415% | 1h | 0.000006021 | −0.100% | $46K | $64K | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0757% | 1h | 0.000006013 | −0.227% | $1.1M | $872K | 50x | as long as short |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
Reya kSHIBRUSDPERP
Deribit 1000SHIB_USDC-PERPETUAL
Kraken Futures PF_SHIBUSD