Funding you earn now, next payment 04:00 UTC+0.0794%/8h= +87.0% APRpaid last 24h +0.074%
Price spread now: Hyperliquid against BingX+0.136%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$380.383% of the position
Funding, last 7 days+0.371%+$37 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Hyperliquid is 0.136% dearer against BingX than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.371% in total (about 19.3% 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 | BingX 1000PEPE-USDC | 0.000005058 | 0.0625 | pay 0.0625% / 8h | 4h 55m | — | $2.3M | — |
| Short | Hyperliquid kPEPE | 0.000005065 | 0.1419 | get 0.0177% / 1h | 55m 38s | $54.2M | $139.8M | 10x |
BingX 1000PEPE-USDC
Hyperliquid kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $166.77
- Price spread: +0.136% → 0.000%
- $13.64
- Slippage, 4 orders
- −$19.33
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $142.08
- Costs to cover
- 0.383%
- Break-even
- 1.0 days
Slippage from BingX: live order book, 8 min ago; Hyperliquid: live order book, 8 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 BingX live order book, 8 min ago | 0.79 bp | 13.9 bp −$14 | 21.6 bp −$216 | 90.6 bp −$9,060 | 287.4 bp −$143.7K |
| Sell Hyperliquid live order book, 8 min ago | 0.99 bp | 5.5 bp −$5 | 12.4 bp −$124 | 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 | 0.000005048 | −0.207% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005054 | −0.073% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005057 | −0.022% | $65K | $140K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005053 | −0.109% | $98.4M | $343.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005053 | −0.101% | $166.7M | $75.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005054 | −0.075% | $25.9M | $63.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005057 | −0.028% | $679K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005051 | −0.140% | $31K | $450K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005070 | +0.245% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005061 | +0.067% | $576K | $3.6M | 75x | 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-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0150% | 8h | 0.000005053 | −0.105% | $46.1M | $173.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005064 | +0.120% | $8K | — | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005044 | −0.279% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0327% | 8h | 0.000005065 | +0.138% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0357% | 8h | 0.000005060 | +0.038% | $46.0M | $594.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0478% | 8h | 0.000005054 | −0.081% | $4.3M | $25.4M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0522% | 1h | 0.000005070 | +0.235% | $100K | $742K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0541% | 1h | 0.000005062 | +0.077% | $72K | $124K | 25x | as long as short |
| BingX 1000PEPE-USDClong | +0.0625% | 8h | 0.000005058 | long leg | — | $2.3M | — | |
| Extended 1000PEPE-USD | +0.0656% | 1h | 0.000005058 | −0.002% | $535K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0656% | 1h | 0.000005035 | −0.457% | $142K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0658% | 8h | 0.000005057 | −0.022% | $95.6M | $286.0M | 300x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0664% / S −0.1029% | 1h | 0.000005000 | −1.149% | $50K | — | 100x | as long as short |
| Binance 1000PEPEUSDT | +0.0664% | 8h | 0.000005059 | +0.021% | $142.1M | $1.22B | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005071 | +0.255% | $959K | $31.9M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0674% | 8h | 0.000005066 | +0.164% | $2.4M | $7.1M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0678% | 1h | 0.000005060 | +0.038% | $2K | $12K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0757% | 8h | 0.000005065 | +0.130% | $1.8M | $9.2M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0777% | 1h | 0.000005065 | +0.139% | $191K | $874K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0805% | 8h | 0.000005050 | −0.156% | $6K | — | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0992% | 1h | 0.000005071 | +0.255% | $612 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1031% | 1h | 0.000005062 | +0.073% | $92K | $639K | 15x | as long as short |
| Lighter 1000PEPE | +0.1056% | 1h | 0.000005060 | +0.038% | $636K | $8.1M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1287% | 1h | 0.000005060 | +0.038% | $4.3M | $15.3M | 50x | as long as short |
| Hyperliquid kPEPEshort | +0.1419% | 1h | 0.000005065 | +0.136% | $54.2M | $139.8M | 10x |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
GMX PEPE/USD [ETH-USDC]
Binance 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
SoDEX 1000PEPE-USD
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Paradex kPEPE-USD-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD