Funding you earn now, next payment 23:00 UTC−0.0480%/8h= −52.6% APRpaid last 24h −0.019%
Price spread now: HTX against Deribit−0.085%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and HTX is 0.085% cheaper against Deribit than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.051%, 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 0.051% in total (about 2.7% 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 | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004821 | 0.0580 | pay 0.0073% / 1h | 26m 37s | $81K | $94K | 25x |
| Short | HTX PEPE-USDT | 0.000004817 | 0.0100 | get 0.0100% / 8h | 1h 26m | $543K | $3.5M | 75x |
Deribit 1000PEPE_USDC-PERPETUAL
HTX PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Deribit. 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
- −$100.88
- Price spread: −0.085% → 0.000%
- −$8.5
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$128.39
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; HTX: live order book, 2 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell HTX live order book, 2 min ago | 6.21 bp | 12.6 bp −$13 | 20.4 bp −$204 | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.000004803 | −0.370% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004814 | −0.143% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004811 | −0.207% | $578K | $5.6M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004810 | −0.228% | $62.6M | $80.0M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004810 | −0.228% | $59K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004808 | −0.268% | $87.2M | $281.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004811 | −0.207% | $149.8M | $63.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004812 | −0.178% | $24.8M | $54.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004818 | −0.064% | $574K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004819 | −0.043% | $27K | $342K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004827 | +0.131% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004822 | +0.021% | $3K | $11K | 10x | as long as short |
| HTX PEPE-USDTshort | +0.0100% | 8h | 0.000004817 | −0.085% | $543K | $3.5M | 75x | |
| Bitget PEPEUSDT | +0.0138% | 8h | 0.000004809 | −0.249% | $42.4M | $151.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004816 | −0.095% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0207% | 8h | 0.000004812 | −0.187% | $41.9M | $491.9M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0212% / S −0.0091% | 1h | 0.000004000 | −17.030% | $54K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0323% | 8h | 0.000004823 | +0.041% | $3.9M | $22.2M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0335% | 8h | 0.000004806 | −0.308% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0375% | 8h | 0.000004828 | +0.139% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0424% | 1h | 0.000004813 | −0.166% | $551 | $2K | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0446% | 8h | 0.000004824 | +0.064% | $29K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004822 | +0.021% | $600K | $25.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0580% | 1h | 0.000004821 | long leg | $81K | $94K | 25x | |
| ApeX Omni 1000PEPEUSDT | +0.0596% | 1h | 0.000004818 | −0.062% | $102K | $763K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0597% | 1h | 0.000004821 | 0.000% | $92K | $615K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0744% | 1h | 0.000004820 | −0.011% | $186K | $855K | 10x | as long as short |
| Binance 1000PEPEUSDT | +0.0797% | 8h | 0.000004815 | −0.133% | $130.5M | $1.04B | 75x | as long as short |
| BingX 1000PEPE-USDC | +0.0799% | 8h | 0.000004818 | −0.073% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000004810 | −0.220% | $529K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000004824 | +0.062% | $136K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0803% | 8h | 0.000004802 | −0.394% | $91.6M | $284.5M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0824% | 8h | 0.000004806 | −0.313% | $1.5M | $7.1M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004833 | +0.249% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1323% | 1h | 0.000004820 | −0.012% | $3.9M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
Binance 1000PEPEUSDT
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD