Funding you earn now, next payment 03:00 UTC+0.1503%/8h= +164.6% APRpaid last 24h +0.118%
Price spread now: Hyperliquid against Bitget+0.118%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs+$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$430.428% of the position
Funding, last 7 days+0.498%+$50 on $10k
+Price spread, last 7 days−0.065%−$7 · spread now +0.118%, 7d avg +0.079%
=Together, before fees+0.432%+ Points / potential airdropHyperliquid: Season 2 · farm board+$43 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Hyperliquid is 0.039% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.079%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.498% in total (about 25.9% 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 | Bitget PEPEUSDT | 0.000005018 | 0.0122 | pay 0.0122% / 8h | 5h 18m | $46.1M | $172.8M | 75x |
| Short | Hyperliquid kPEPE | 0.000005024 | 0.1625 | get 0.0203% / 1h | 18m 48s | $53.6M | $139.3M | 10x |
Bitget PEPEUSDT
Hyperliquid kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bitget. 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
- $315.58
- Price spread: +0.118% → +0.079%
- $3.85
- Slippage, 4 orders
- −$21.81
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $276.63
- Costs to cover
- 0.428%
- Break-even
- 0.9 days
Slippage from Bitget: live order book, 5 min ago; Hyperliquid: 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 Bitget live order book, 5 min ago | 0.99 bp | 9.2 bp −$9 | 10.7 bp −$107 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 2.98 bp | 17.5 bp −$18 | 27.2 bp −$272 | 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 | 0.000005015 | −0.062% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005011 | −0.147% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005020 | +0.038% | $64K | $139K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005017 | −0.022% | $97.6M | $339.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005017 | −0.022% | $164.1M | $75.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005018 | −0.008% | $25.8M | $63.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005020 | +0.029% | $680K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005027 | +0.174% | $27K | $444K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005026 | +0.159% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005023 | +0.098% | $571K | $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 PEPEUSDTlong | +0.0122% | 8h | 0.000005018 | long leg | $46.1M | $172.8M | 75x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005024 | +0.122% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0320% | 8h | 0.000005020 | +0.040% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0338% | 8h | 0.000005020 | +0.038% | $45.4M | $586.0M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0455% | 8h | 0.000005022 | +0.078% | $4.3M | $25.0M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0548% | 1h | 0.000005017 | −0.022% | $71K | $124K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0563% | 1h | 0.000005028 | +0.197% | $99K | $755K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0571% | 1h | 0.000005021 | +0.058% | $2K | $12K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005023 | +0.098% | $929K | $31.4M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0597% | 8h | 0.000005019 | +0.016% | — | $261.2M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0615% / S −0.1111% | 1h | 0.000005000 | −0.361% | $47K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0633% | 8h | 0.000005020 | +0.044% | $95.5M | $289.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0636% | 8h | 0.000005021 | +0.060% | $140.4M | $1.21B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0640% | 1h | 0.000005017 | −0.029% | $533K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0640% | 1h | 0.000005014 | −0.082% | $142K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0730% | 8h | 0.000005022 | +0.074% | $1.8M | $9.1M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0782% | 8h | 0.000005016 | −0.038% | $2.4M | $7.1M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0813% | 1h | 0.000005020 | +0.035% | $183K | $870K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0814% | 8h | 0.000005021 | +0.053% | $6K | — | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +1.732% | $4K | $102K | 12x | as long as short |
| 01 Exchange kPEPEUSD | +0.0976% | 1h | 0.000005027 | +0.177% | $606 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0977% | 1h | 0.000005019 | +0.022% | $96K | $627K | 15x | as long as short |
| Lighter 1000PEPE | +0.1240% | 1h | 0.000005022 | +0.078% | $671K | $8.1M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1387% | 1h | 0.000005017 | −0.013% | $4.3M | $15.2M | 50x | as long as short |
| Hyperliquid kPEPEshort | +0.1625% | 1h | 0.000005024 | +0.118% | $53.6M | $139.3M | 10x |
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
ApeX Omni 1000PEPEUSDT
SoDEX 1000PEPE-USD
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Phemex u1000PEPEUSDT
Nado kPEPE-PERP
Paradex kPEPE-USD-PERP
Injective PEPE/USDC PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD