Funding you earn now, next payment 00:00 UTC+0.0278%/8h= +30.5% APRpaid last 24h −0.056%
Price spread now: Kraken Futures against HTX+0.104%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$880.883% of the position
Funding, last 7 days−0.165%−$16 on $10k
+Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.104%, 7d avg +0.026%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.078% dearer against HTX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.026%. Mind the row above: over the last 7 days funding on this pair cost −0.165%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.165% in total (about -8.6% 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 | HTX SHIB-USDT | 0.000006088 | 0.0100 | pay 0.0100% / 8h | 46m 33s | $416K | $614K | 75x |
| Short | Kraken Futures PF_SHIBUSD | 0.000006094 | 0.0378 | get 0.0047% / 1h | 46m 33s | $1.2M | $804K | 50x |
HTX SHIB-USDT
Kraken Futures PF_SHIBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. 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
- $58.47
- Price spread: +0.104% → +0.026%
- $7.82
- Slippage, 4 orders
- −$66.34
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$22.05
- Costs to cover
- 0.883%
- Break-even
- 9.6 days
Slippage from HTX: live order book, 32 min ago; Kraken Futures: live order book, 2 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 HTX live order book, 32 min ago | 3.29 bp | 35.0 bp −$35 | 102.6 bp −$1,026 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 2.46 bp | 16.9 bp −$17 | 30.2 bp −$302 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006103 | +0.250% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006084 | −0.072% | $73K | $1.9M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006085 | −0.051% | $740 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0032% | 1h | 0.000006113 | +0.411% | $81K | $791K | 50x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006110 | +0.361% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006106 | +0.296% | $154K | $290K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006108 | +0.324% | $36K | $175K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006109 | +0.345% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006112 | +0.394% | $30.1M | $94.6M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006116 | +0.460% | $8.8M | $32.6M | 50x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDC
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006108 | +0.329% | $7.0M | $5.6M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006111 | +0.378% | $30.7M | $16.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006106 | +0.296% | $5.0M | $2.5M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006113 | +0.411% | $11.7M | $13.2M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006088 | 0.000% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006096 | +0.131% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006093 | +0.082% | $536 | $5K | 10x | as long as short |
| HTX SHIB-USDTlong | +0.0100% | 8h | 0.000006088 | long leg | $416K | $614K | 75x | |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006090 | +0.033% | $2.1M | $5.9M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000006114 | +0.434% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006111 | +0.384% | $54K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0161% | 1h | 0.000006040 | −0.788% | $248 | $134K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.445% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006086 | −0.033% | $815K | $951K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0243% | 1h | 0.000006090 | +0.033% | $47K | $65K | 25x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0309% | 1h | 0.000006097 | +0.148% | $25K | $6K | 15x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006084 | −0.058% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSDshort | +0.0378% | 1h | 0.000006094 | +0.104% | $1.2M | $804K | 50x | |
| Hyperliquid kSHIB | +0.0711% | 1h | 0.000006114 | +0.427% | $4.4M | $4.0M | 10x | as long as short |
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Backpack kSHIB_USDC_PERP
Reya kSHIBRUSDPERP
Hyperliquid kSHIB