Funding you earn now, next payment 08:00 UTC+0.0153%/8h= +16.7% APRpaid last 24h +0.066%
Price spread now: Hyperliquid against KuCoin+0.184%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$560.557% of the position
Funding, last 7 days+0.085%+$9 on $10k
+Price spread, last 7 days−0.184%−$18 · spread now +0.184%, 7d avg +0.099%
=Together, before fees−0.099%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.085% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.099%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SHIBUSDTM | 0.000005977 | 0.0100 | pay 0.0100% / 8h | 19m 34s | $4.7M | $3.2M | 75x |
| Short | Hyperliquid kSHIB | 0.000005988 | 0.0253 | get 0.0032% / 1h | 19m 34s | $3.6M | $5.5M | 10x |
KuCoin SHIBUSDTM
Hyperliquid kSHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against KuCoin. 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
- $32.11
- Price spread: +0.184% → +0.099%
- $8.54
- Slippage, 4 orders
- −$34.74
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$15.09
- Costs to cover
- 0.557%
- Break-even
- 10.3 days
Slippage from KuCoin: live order book, 8 min ago; Hyperliquid: 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 KuCoin live order book, 8 min ago | 1.66 bp | 22.2 bp −$22 | 50.4 bp −$504 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 1.67 bp | 6.2 bp −$6 | 14.3 bp −$143 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTX | −0.0016% | 1h | 0.000006005 | +0.468% | $117K | $1.6M | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005969 | −0.131% | $118K | $3.2M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005976 | −0.010% | $564 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.054% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0070% | 8h | 0.000005977 | 0.000% | — | $2.3M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0085% | 1h | 0.000005976 | −0.017% | $50K | $59K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005984 | +0.117% | $156K | $643K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005980 | +0.058% | $41K | $305K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005979 | +0.033% | $12K | $6K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005980 | +0.050% | $30.3M | $127.9M | 75x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
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 | 0.000005973 | −0.067% | $8.9M | $43.8M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005974 | −0.050% | $7.0M | $7.3M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005978 | +0.017% | $28.7M | $20.2M | 300x | as long as short |
| KuCoin SHIBUSDTMlong | +0.0100% | 8h | 0.000005977 | long leg | $4.7M | $3.2M | 75x | |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005978 | +0.017% | $11.3M | $17.2M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005980 | +0.050% | $23K | $8K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005975 | −0.033% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005988 | +0.184% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005975 | −0.033% | $506 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005971 | −0.100% | $407K | $576K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005984 | +0.117% | $2.1M | $7.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0103% | 8h | 0.000005979 | +0.041% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005974 | −0.047% | $53K | $4K | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0201% | 1h | 0.000005977 | −0.006% | $1.2M | $1.0M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000005000 | −16.346% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005970 | −0.117% | $867K | $931K | 50x | as long as short |
| Hyperliquid kSHIBshort | +0.0253% | 1h | 0.000005988 | +0.184% | $3.6M | $5.5M | 10x | |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005968 | −0.158% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.4571% | 1h | 0.000005975 | −0.036% | $35K | $70K | 10x | as long as short |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
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
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
dYdX SHIB-USD