Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against HTX+0.084%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1021.020% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 3 days (all we have)+0.047%+$5 · spread now +0.084%, 7d avg +0.063%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.021% dearer against HTX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.063%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SHIB-USDT | 0.000005976 | 0.0100 | pay 0.0100% / 8h | 6h 42m | $410K | $605K | 75x |
| Short | Phemex u1000SHIBUSDT | 0.000005981 | 0.0100 | get 0.0100% / 8h | 6h 42m | $2.1M | $6.5M | 50x |
HTX SHIB-USDT
Phemex u1000SHIBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.084% → +0.063%
- $2.06
- Slippage, 4 orders
- −$77.95
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$99.89
- Costs to cover
- 1.020%
- Break-even
- never at this rate
Slippage from HTX: live order book, 26 min ago; Phemex: live order book, 1 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, 26 min ago | 4.93 bp | 48.8 bp −$49 | 128.1 bp −$1,281 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 7.52 bp | 16.2 bp −$16 | 53.5 bp −$535 | 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 | 0.000005954 | −0.366% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005982 | +0.100% | $189K | $2.3M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005986 | +0.167% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005946 | −0.509% | $723 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.071% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0072% | 1h | 0.000006019 | +0.720% | $156K | $987K | 50x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000005946 | −0.502% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005955 | −0.351% | $191K | $529K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005951 | −0.414% | $39K | $183K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005951 | −0.425% | $29.1M | $101.2M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDC
Lighter 1000SHIB
Aster 1000SHIBUSDT
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 | 0.000005950 | −0.435% | $9.0M | $35.2M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005945 | −0.519% | $6.9M | $5.6M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005950 | −0.435% | $30.6M | $17.4M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005951 | −0.418% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005947 | −0.485% | $11.2M | $14.3M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005979 | +0.050% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005949 | −0.452% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006000 | +0.402% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005986 | +0.167% | $522 | $5K | 10x | as long as short |
| HTX SHIB-USDTlong | +0.0100% | 8h | 0.000005976 | long leg | $410K | $605K | 75x | |
| Phemex u1000SHIBUSDTshort | +0.0100% | 8h | 0.000005981 | +0.084% | $2.1M | $6.5M | 50x | |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005949 | −0.451% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0126% | 8h | 0.000005960 | −0.274% | $7K | $13 | 20x | as long as short |
| Pacifica kSHIB | +0.0183% | 1h | 0.000005957 | −0.318% | $12K | $4K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −16.332% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006010 | +0.569% | $871K | $935K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0262% | 1h | 0.000005956 | −0.335% | $3.7M | $4.6M | 10x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005952 | −0.396% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0761% | 1h | 0.000005982 | +0.097% | $1.1M | $851K | 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
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Hyperliquid kSHIB
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD