Funding you earn now, next payment 07:00 UTC−0.0444%/8h= −48.6% APRpaid last 24h −0.093%
Price spread now: HTX against Coinbase International+0.261%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$770.770% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.261%, 7d avg +0.010%
=The price spread pays, funding is against you. HTX is 0.250% dearer against Coinbase International than usual: you sell high and buy low (spread +0.261% now, against its 7-day average of +0.010%): +$25 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 7 days (−0.005% in total) that is about 11 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.005% in total (about -0.3% 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 | Coinbase International 1000PEPE-PERP-INTX | 0.000005182 | 0.0544 | pay 0.0068% / 1h | 39m 31s | $695K | $39.5M | 50x |
| Short | HTX PEPE-USDT | 0.000005195 | 0.0100 | get 0.0100% / 8h | 39m 31s | $604K | $4.2M | 75x |
Coinbase International 1000PEPE-PERP-INTX
HTX PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Coinbase International. 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
- −$93.24
- Price spread: +0.261% → +0.010%
- $25.03
- Slippage, 4 orders
- −$55.05
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$145.26
- Costs to cover
- 0.770%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; HTX: live order book, 4 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 Coinbase International live order book, 5 min ago | 3.84 bp | 15.8 bp −$16 | 21.3 bp −$213 | 78.6 bp −$7,857 | doesn't fit |
| Sell HTX live order book, 4 min ago | 14.44 bp | 21.8 bp −$22 | 24.7 bp −$247 | 96.9 bp −$9,694 | 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 | 0.000005153 | −0.559% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005174 | −0.149% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005160 | −0.425% | $60K | $183K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005157 | −0.490% | $99.2M | $427.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005160 | −0.425% | $163.3M | $98.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005207 | +0.492% | $652K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005222 | +0.771% | $29K | $545K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005185 | +0.054% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDTshort | +0.0100% | 8h | 0.000005195 | +0.261% | $604K | $4.2M | 75x | |
| KuCoin PEPEUSDTM | +0.0126% | 8h | 0.000005159 | −0.452% | $26.8M | $73.5M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005167 | −0.284% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0272% | 8h | 0.000005166 | −0.301% | $46.3M | $219.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0319% | 1h | 0.000005170 | −0.232% | $2K | $11K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0330% | 1h | 0.000005175 | −0.135% | $74K | $127K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0378% | 1h | 0.000005219 | +0.714% | $151K | $833K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0381% | 8h | 0.000005168 | −0.270% | $47.5M | $746.1M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005221 | +0.753% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0410% | 8h | 0.000005178 | −0.075% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0487% | 8h | 0.000005159 | −0.441% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0503% | 8h | 0.000005210 | +0.540% | $4.5M | $30.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0524% | 8h | 0.000005177 | −0.098% | $2.4M | $8.1M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0539% | 1h | 0.000005171 | −0.220% | $78K | $876K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0544% | 1h | 0.000005182 | long leg | $695K | $39.5M | 50x | |
| Lighter 1000PEPE | +0.0616% | 1h | 0.000005159 | −0.444% | $613K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0703% | 1h | 0.000005166 | −0.299% | $165K | $956K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0710% | 1h | 0.000005171 | −0.220% | $4.8M | $16.8M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0712% | 8h | 0.000005158 | −0.453% | — | $218.6M | — | as long as short |
| 01 Exchange kPEPEUSD | +0.0720% | 1h | 0.000005160 | −0.425% | $622 | $2K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0731% | 8h | 0.000005159 | −0.447% | $1.8M | $11.8M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0746% | 8h | 0.000005162 | −0.392% | $142.3M | $1.49B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0752% | 1h | 0.000005157 | −0.480% | $542K | $284K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0752% | 8h | 0.000005170 | −0.235% | $101.2M | $305.4M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0752% | 1h | 0.000005179 | −0.058% | $146K | — | 3x | as long as short |
| Hyperliquid kPEPE | +0.0934% | 1h | 0.000005173 | −0.174% | $53.8M | $157.7M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2351% | 1h | 0.000005000 | −3.512% | $64K | — | 100x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
01 Exchange kPEPEUSD
Aster 1000PEPEUSDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]