Funding you earn now, next payment 00:00 UTC−0.0885%/8h= −96.9% APRnext payment −$1.11 per $10,000 · paid last 24h +0.032%
Price spread now: Hyperliquid against Extended−0.298%7-day average +0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs+$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$290.288% of the position
Funding, last 7 days+0.353%+$35 on $10k
+Price spread, last 4 days (all we have)+0.504%+$50 · spread now −0.298%, 7d avg +0.149%
=Together, before fees+0.857%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$86 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Hyperliquid is 0.447% cheaper against Extended than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of +0.149%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.353%, 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 0.353% in total (about 18.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.11 per $10,000. 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 | Extended 1000PEPE-USD | 0.000004720 | 0.0576 | pay 0.0072% / 1h | 11m 01s | $518K | $148K | 25x |
| Short | Hyperliquid kPEPE | 0.000004706 | −0.0309 | pay 0.0039% / 1h | 11m 01s | $68.8M | $96.4M | 10x |
Extended 1000PEPE-USD
Hyperliquid kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- −$185.84
- Price spread: −0.298% → +0.149%
- −$44.7
- Slippage, 4 orders
- −$14.78
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$259.32
- Costs to cover
- 0.288%
- Break-even
- never at this rate
Slippage from Extended: live order book, 2 min ago; Hyperliquid: live order book, 13 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 Extended live order book, 2 min ago | 3.17 bp | 7.8 bp −$8 | 46.0 bp −$460 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 13 min ago | 1.05 bp | 6.9 bp −$7 | 13.0 bp −$130 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPEshort | −0.0309% | 1h | 0.000004706 | −0.298% | $68.8M | $96.4M | 10x | |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004713 | −0.153% | $17K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004712 | −0.179% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0068% | 1h | 0.000004714 | −0.135% | $3.8M | $13.8M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004717 | −0.065% | $55K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004719 | −0.022% | $86.5M | $293.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004712 | −0.171% | $148.6M | $64.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004714 | −0.135% | $24.0M | $54.7M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004721 | +0.014% | $41.7M | $150.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004715 | −0.111% | $567K | $4.2M | — | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004726 | +0.122% | $25K | $349K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004728 | +0.168% | $99K | $755K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004725 | +0.096% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004716 | −0.086% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004719 | −0.018% | $533K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0168% | 1h | 0.000004718 | −0.044% | $568K | $6.6M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0174% | 8h | 0.000004717 | −0.074% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004716 | −0.085% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0202% | 8h | 0.000004722 | +0.041% | $41.5M | $493.6M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0203% | 8h | 0.000004717 | −0.075% | $2.3M | $6.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0304% | 1h | 0.000004718 | −0.044% | $540 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0324% | 8h | 0.000004719 | −0.022% | $3.8M | $22.2M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0357% | 8h | 0.000004718 | −0.054% | $29K | $13K | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0388% / S −0.0313% | 1h | 0.000004000 | −15.255% | $49K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004717 | −0.065% | $566K | $25.3M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004732 | +0.253% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0537% | 1h | 0.000004715 | −0.107% | $89K | $601K | 15x | as long as short |
| BingX 1000PEPE-USDT | +0.0559% | 8h | 0.000004715 | −0.113% | — | $257.3M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0568% | 8h | 0.000004715 | −0.108% | $1.5M | $7.3M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0575% | 8h | 0.000004716 | −0.080% | $131.5M | $1.07B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0575% | 8h | 0.000004716 | −0.094% | $87.7M | $282.7M | 300x | as long as short |
| Extended 1000PEPE-USDlong | +0.0576% | 1h | 0.000004720 | long leg | $518K | $148K | 25x | |
| Aevo 1000PEPE-PERP | +0.0576% | 1h | 0.000004719 | −0.022% | $133K | — | 3x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0599% | 1h | 0.000004714 | −0.128% | $76K | $98K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0631% | 1h | 0.000004716 | −0.090% | $178K | $849K | 10x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
BingX 1000PEPE-USDT
Aster 1000PEPEUSDT
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP