Funding you earn now, next payment 00:00 UTC−0.0232%/8h= −25.4% APRnext payment −$0.29 per $10,000 · paid last 24h +0.053%
Price spread now: Hyperliquid against ApeX Omni0.000%65s7-day average +0.126% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$400.404% of the position
Funding, last 7 days+0.368%+$37 on $10k
+Price spread, last 3 days (all we have)+0.026%+$3 · spread now 0.000%, 7d avg +0.126%
=Together, before fees+0.394%+ Points / potential airdropHyperliquid: Season 2 · farm board+$39 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Hyperliquid is 0.126% cheaper against ApeX Omni than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.126%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.368%, so the current rate has only just turned against you. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni 1000PEPEUSDT | 0.000004763 | 0.0100 | pay 0.0013% / 1h | 32m 22s | $99K | $760K | 25x |
| Short | Hyperliquid kPEPE | 0.000004763 | −0.0132 | pay 0.0017% / 1h | 32m 22s | $65.8M | $92.6M | 10x |
ApeX Omni 1000PEPEUSDT
Hyperliquid kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against ApeX Omni. 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
- −$48.76
- Price spread: 0.000% → +0.126%
- −$12.63
- Slippage, 4 orders
- −$21.38
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$101.76
- Costs to cover
- 0.404%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 46 min ago; Hyperliquid: live order book, 11 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 ApeX Omni live order book, 46 min ago | 5.11 bp | 12.2 bp −$12 | 100.3 bp −$1,003 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 2.08 bp | 8.6 bp −$9 | 12.8 bp −$128 | 20.1 bp −$2,005 | 32.1 bp −$16.1K |
PEPE on 35 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPEshort | −0.0132% | 1h | 0.000004763 | 0.000% | $65.8M | $92.6M | 10x | |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004764 | +0.030% | $17K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004765 | +0.048% | $13K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004768 | +0.098% | $3.8M | $13.7M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004768 | +0.105% | $59K | $116K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004768 | +0.097% | $85.7M | $289.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004766 | +0.063% | $149.6M | $64.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004769 | +0.115% | $24.3M | $54.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004768 | +0.107% | $42.1M | $150.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004776 | +0.272% | $585K | $4.1M | — | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004782 | +0.398% | $26K | $350K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDTlong | +0.0100% | 1h | 0.000004763 | long leg | $99K | $760K | 25x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004779 | +0.342% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004771 | +0.168% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004770 | +0.145% | $540K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0128% | 1h | 0.000004771 | +0.168% | $601K | $6.4M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0187% | 8h | 0.000004767 | +0.082% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004770 | +0.139% | $7K | — | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0189% | 8h | 0.000004763 | −0.008% | $2.3M | $6.4M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0204% | 8h | 0.000004769 | +0.126% | $41.4M | $495.6M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0264% | 1h | 0.000004773 | +0.210% | $547 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0324% | 8h | 0.000004770 | +0.147% | $3.9M | $22.2M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0377% / S −0.0337% | 1h | 0.000004000 | −16.019% | $47K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0394% | 8h | 0.000004769 | +0.132% | $30K | $12K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004773 | +0.210% | $574K | $25.6M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004775 | +0.252% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0479% | 1h | 0.000004769 | +0.120% | $90K | $601K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0589% | 1h | 0.000004771 | +0.168% | $77K | $98K | 25x | as long as short |
| Extended 1000PEPE-USD | +0.0624% | 1h | 0.000004771 | +0.174% | $524K | $148K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0625% | 8h | 0.000004768 | +0.097% | $130.7M | $1.06B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0629% | 8h | 0.000004771 | +0.164% | $91.8M | $280.9M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0629% | 8h | 0.000004770 | +0.136% | $1.5M | $7.3M | 50x | as long as short |
| Aevo 1000PEPE-PERP | +0.0632% | 1h | 0.000004772 | +0.189% | $135K | — | 3x | as long as short |
| BingX 1000PEPE-USDC | +0.0637% | 8h | 0.000004769 | +0.132% | — | $2.3M | — | as long as short |
| Nado kPEPE-PERP | +0.0707% | 1h | 0.000004771 | +0.172% | $183K | $849K | 10x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
01 Exchange kPEPEUSD
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Aevo 1000PEPE-PERP
BingX 1000PEPE-USDC
Nado kPEPE-PERP