PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0693%/8h= −75.9% APRnext payment −$6.93 per $10,000 · paid last 24h −0.037%

Price spread now: HTX against Binance+0.097%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$700.699% of the position

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.097%, 7d avg +0.001%

Together, before fees−0.046%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.096% dearer against Binance than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of +0.001%): +$10 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 11 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.012% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.93 per $10,000. 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	Binance 1000PEPEUSDT	0.000005257	0.0793	pay 0.0793% / 8h	3h 54m	$153.3M	$1.29B	75x
Short	HTX PEPE-USDT	0.000005263	0.0100	get 0.0100% / 8h	3h 54m	$608K	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee HTXbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$145.54
Price spread: +0.097% → +0.001%: $9.64
Slippage, 4 orders: −$47.91
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$205.82
Costs to cover: 0.699%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; HTX: live order book, 5 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 Binance live order book, 5 min ago	0.09 bp	8.7 bp −$9	18.4 bp −$184	49.3 bp −$4,930	doesn't fit
Sell HTX live order book, 5 min ago	13.22 bp	19.4 bp −$19	47.7 bp −$477	175.8 bp −$17.6K	doesn't fit

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
dYdX PEPE-USD	0.0000%	1h	0.000005267	+0.184%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005250	−0.135%	$15K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005258	+0.011%	$3K	$110K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005273	+0.297%	$70K	$152K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005252	−0.110%	$102.7M	$366.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005250	−0.141%	$172.0M	$84.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005256	−0.027%	$26.7M	$67.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005279	+0.403%	$747K	$5.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005261	+0.063%	$38K	$491K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005259	+0.023%	$2K	$2.5M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDTshort	+0.0100%	8h	0.000005263	+0.097%	$608K	$3.8M	75x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005254	−0.072%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0244%	8h	0.000005257	−0.006%	$48.4M	$183.5M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0374%	8h	0.000005256	−0.019%	$35K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0405%	8h	0.000005253	−0.084%	$51.3M	$659.1M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0512%	1h	0.000005252	−0.103%	$74K	$126K	25x	as long as short
BloFin PEPE-USDT	+0.0531%	8h	0.000005279	+0.411%	$4.5M	$27.7M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0613%	8h	0.000005258	+0.006%	$2.6M	$7.4M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0675%	1h	0.000005254	−0.065%	$2K	$10K	10x	as long as short
Lighter 1000PEPE	+0.0688%	1h	0.000005263	+0.107%	$638K	$8.4M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005256	−0.027%	$761K	$35.5M	50x	as long as short
BingX 1000PEPE-USDT	+0.0746%	8h	0.000005261	+0.067%	—	$263.5M	—	as long as short
MEXC PEPE_USDT	+0.0791%	8h	0.000005255	−0.038%	$102.5M	$291.3M	300x	as long as short
Extended 1000PEPE-USD	+0.0792%	1h	0.000005254	−0.063%	$557K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0792%	1h	0.000005292	+0.658%	$150K	—	3x	as long as short
Binance 1000PEPEUSDTlong	+0.0793%	8h	0.000005257	long leg	$153.3M	$1.29B	75x
Paradex kPEPE-USD-PERP	+0.0801%	8h	0.000005269	+0.215%	$6K	—	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0868% / S −0.1714%	1h	0.000005000	−4.896%	$64K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0913%	8h	0.000005272	+0.270%	$1.9M	$9.8M	50x	as long as short
Nado kPEPE-PERP	+0.0942%	1h	0.000005255	−0.048%	$186K	$912K	10x	as long as short
01 Exchange kPEPEUSD	+0.1352%	1h	0.000005272	+0.278%	$636	$3K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.1383%	1h	0.000005253	−0.084%	$173K	$798K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.1411%	1h	0.000005276	+0.348%	$84K	$715K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1554%	1h	0.000005253	−0.089%	$4.8M	$16.2M	50x	as long as short
Hyperliquid kPEPE	+0.1609%	1h	0.000005260	+0.049%	$57.3M	$143.6M	10x	as long as short