Funding you earn now, next payment 22:00 UTC−0.0705%/8h= −77.2% APRpaid last 24h +0.094%
Price spread now: Hyperliquid against Binance−0.098%7-day average +0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs+$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$370.374% of the position
Funding, last 7 days+0.423%+$42 on $10k
+Price spread, last 7 days+0.146%+$15 · spread now −0.098%, 7d avg +0.064%
=Together, before fees+0.569%+ Points / potential airdropHyperliquid: Season 2 · farm board+$57 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Hyperliquid is 0.162% cheaper against Binance than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.064%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.423%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.423% in total (about 22.1% 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 | Binance 1000PEPEUSDT | 0.000004838 | 0.0805 | pay 0.0805% / 8h | 2h 40m | $128.1M | $1.01B | 75x |
| Short | Hyperliquid kPEPE | 0.000004833 | 0.0100 | get 0.0013% / 1h | 40m 40s | $56.6M | $69.3M | 10x |
Binance 1000PEPEUSDT
Hyperliquid kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- −$148.01
- Price spread: −0.098% → +0.064%
- −$16.24
- Slippage, 4 orders
- −$18.45
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$201.69
- Costs to cover
- 0.374%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Hyperliquid: live order book, 3 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, 3 min ago | 0.31 bp | 8.6 bp −$9 | 13.5 bp −$135 | 37.9 bp −$3,789 | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 2.06 bp | 11.1 bp −$11 | 19.6 bp −$196 | doesn't fit | 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 | 0.000004831 | −0.130% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004850 | +0.245% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPEshort | +0.0100% | 1h | 0.000004833 | −0.098% | $56.6M | $69.3M | 10x | |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004837 | −0.015% | $57K | $109K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004832 | −0.123% | $88.2M | $271.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004823 | −0.305% | $147.9M | $60.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004833 | −0.098% | $24.8M | $51.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004899 | +1.256% | $716K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004885 | +0.983% | $27K | $338K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004860 | +0.458% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004856 | +0.369% | $551K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0113% | 8h | 0.000004835 | −0.057% | $41.7M | $490.2M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0169% | 8h | 0.000004830 | −0.166% | $44.2M | $151.5M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004852 | +0.297% | $7K | — | 15x | as long as short |
| Lighter 1000PEPE | +0.0232% | 1h | 0.000004840 | +0.047% | $597K | $5.1M | 10x | as long as short |
| BloFin PEPE-USDT | +0.0233% | 8h | 0.000004852 | +0.295% | $3.9M | $21.7M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0248% | 1h | 0.000004846 | +0.173% | $102K | $620K | 15x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0319% / S −0.0217% | 1h | 0.000004000 | −17.317% | $53K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0344% | 8h | 0.000004834 | −0.077% | $5K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0363% | 8h | 0.000004856 | +0.382% | $30K | $10K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0435% | 8h | 0.000004855 | +0.361% | $2.3M | $6.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004853 | +0.315% | $579K | $25.5M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0504% | 1h | 0.000004853 | +0.315% | $2K | $9K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004861 | +0.481% | $4K | $92K | 12x | as long as short |
| Nado kPEPE-PERP | +0.0646% | 1h | 0.000004855 | +0.366% | $181K | $866K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0754% | 8h | 0.000004827 | −0.212% | — | $2.3M | — | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0755% | 1h | 0.000004852 | +0.300% | $3.9M | $12.9M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0781% | 1h | 0.000004852 | +0.295% | $82K | $94K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000004871 | +0.688% | $138K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0804% | 8h | 0.000004830 | −0.162% | $90.0M | $288.3M | 300x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0805% | 8h | 0.000004838 | long leg | $128.1M | $1.01B | 75x | |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000004828 | −0.192% | $531K | $146K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0859% | 1h | 0.000004884 | +0.956% | $101K | $759K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0860% | 8h | 0.000004828 | −0.195% | $1.5M | $6.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1360% | 1h | 0.000004858 | +0.419% | $556 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Lighter 1000PEPE
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
SoDEX 1000PEPE-USD
Injective PEPE/USDC PERP
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Extended 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD