Funding you earn now, next payment 22:00 UTC+0.0538%/8h= +59.0% APRpaid last 24h +0.046%
Price spread now: Hyperliquid against Gate+0.202%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$480.483% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 7 days−0.113%−$11 · spread now +0.202%, 7d avg +0.110%
=Together, before fees−0.031%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Hyperliquid is 0.092% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.110%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.082% in total (about 4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SHIB_USDT | 0.000005933 | 0.0100 | pay 0.0100% / 8h | 2h 32m | $6.7M | $5.4M | 75x |
| Short | Hyperliquid kSHIB | 0.000005945 | 0.0638 | get 0.0080% / 1h | 32m 18s | $4.3M | $3.7M | 10x |
Gate SHIB_USDT
Hyperliquid kSHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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
- $113.08
- Price spread: +0.202% → +0.110%
- $9.22
- Slippage, 4 orders
- −$24.28
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $74.02
- Costs to cover
- 0.483%
- Break-even
- 2.4 days
Slippage from Gate: live order book, 1 min ago; Hyperliquid: live order book, 9 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 Gate live order book, 1 min ago | 1.69 bp | 13.6 bp −$14 | 27.0 bp −$270 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 1.68 bp | 10.8 bp −$11 | 20.3 bp −$203 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005933 | +0.005% | $48K | $1.6M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005932 | −0.017% | $42K | $61K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005932 | −0.012% | $721 | — | 150x | as long as short |
| BingX 1000SHIB-USDT | +0.0011% | 8h | 0.000005936 | +0.051% | — | $2.1M | — | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0016% | 1h | 0.000005933 | 0.000% | $89K | $752K | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0056% | 1h | 0.000005931 | −0.031% | $1.1M | $763K | 50x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005933 | 0.000% | $151K | $285K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005941 | +0.130% | $35K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005938 | +0.084% | $11K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005932 | −0.016% | $28.8M | $88.1M | 75x | as long as short |
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
BingX 1000SHIB-USDT
Coinbase International 1000SHIB-PERP-INTX
Kraken Futures PF_SHIBUSD
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005930 | −0.051% | $7.5M | $27.7M | 50x | as long as short |
| Gate SHIB_USDTlong | +0.0100% | 8h | 0.000005933 | long leg | $6.7M | $5.4M | 75x | |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005930 | −0.051% | $31.7M | $15.6M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005931 | −0.034% | $4.9M | $2.3M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005930 | −0.051% | $11.6M | $12.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005928 | −0.084% | $25K | $5K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005932 | −0.017% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005942 | +0.152% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005930 | −0.051% | $543 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005928 | −0.084% | $399K | $620K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005934 | +0.017% | $2.1M | $5.4M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0100% | 8h | 0.000005939 | +0.100% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005927 | −0.104% | $52K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0187% | 1h | 0.000005964 | +0.523% | $245 | $67K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −15.726% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005928 | −0.084% | $704K | $982K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005932 | −0.021% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIBshort | +0.0638% | 1h | 0.000005945 | +0.202% | $4.3M | $3.7M | 10x | |
| dYdX SHIB-USD | +0.9611% | 1h | 0.000005934 | +0.017% | $23K | $64K | 10x | as long as short |
OKX SHIB-USDT-SWAP
MEXC 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
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
dYdX SHIB-USD