Funding you earn now, next payment 02:00 UTC+0.1976%/8h= +216.4% APRpaid last 24h +0.094%
Price spread now: Hyperliquid against HTX−0.133%7-day average +0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days+0.387%+$39 on $10k
+Price spread, last 3 days (all we have)+0.203%+$20 · spread now −0.133%, 7d avg +0.082%
=Together, before fees+0.589%+ Points / potential airdropHyperliquid: Season 2 · farm board+$59 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.216% cheaper against HTX than usual: you would sell low and buy high (spread −0.133% now, against its 7-day average of +0.082%). If the spread goes back, that is −$22 on $10k: about 9 hours of funding at the current rate (+$59 a day). At the pace of the last 7 days (+0.387% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.387% in total (about 20.2% 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 | HTX PEPE-USDT | 0.000005102 | 0.0100 | pay 0.0100% / 8h | 6h 10m | $574K | $3.6M | 75x |
| Short | Hyperliquid kPEPE | 0.000005095 | 0.2076 | get 0.0260% / 1h | 10m 46s | $56.1M | $136.3M | 10x |
HTX PEPE-USDT
Hyperliquid kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against HTX. 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
- $415.01
- Price spread: −0.133% → +0.082%
- −$21.55
- Slippage, 4 orders
- −$19.27
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $353.19
- Costs to cover
- 0.403%
- Break-even
- 1.0 days
Slippage from HTX: live order book, 3 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 HTX live order book, 3 min ago | 0.59 bp | 15.8 bp −$16 | 31.2 bp −$312 | 82.0 bp −$8,205 | doesn't fit |
| Sell Hyperliquid live order book, 13 min ago | 1.97 bp | 8.8 bp −$9 | 12.9 bp −$129 | doesn't fit | doesn't fit |
PEPE on 34 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 | 0.000005075 | −0.516% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005079 | −0.443% | $18K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005081 | −0.408% | $61K | $126K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005084 | −0.349% | $99.0M | $325.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005085 | −0.329% | $163.2M | $71.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005085 | −0.323% | $25.5M | $61.2M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005089 | −0.255% | $47.3M | $164.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005085 | −0.337% | $648K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005053 | −0.951% | $27K | $423K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005089 | −0.255% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDTlong | +0.0100% | 8h | 0.000005102 | long leg | $574K | $3.6M | 75x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005082 | −0.395% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0252% | 8h | 0.000005087 | −0.290% | $45.3M | $576.6M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0285% | 8h | 0.000005095 | −0.133% | $33K | $24K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000005086 | −0.310% | $730K | $30.2M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0476% | 8h | 0.000005090 | −0.241% | $2.4M | $7.0M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0508% | 1h | 0.000005075 | −0.525% | $105K | $748K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0508% | 8h | 0.000005086 | −0.318% | — | $259.3M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0524% / S −0.0553% | 1h | 0.000005000 | −1.995% | $57K | — | 100x | as long as short |
| Aevo 1000PEPE-PERP | +0.0536% | 1h | 0.000005094 | −0.153% | $144K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0542% | 8h | 0.000005085 | −0.329% | $95.6M | $291.9M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0544% | 1h | 0.000005086 | −0.316% | $560K | $199K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0547% | 8h | 0.000005082 | −0.393% | $143.9M | $1.18B | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0633% | 1h | 0.000005093 | −0.172% | $2K | $12K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0638% | 8h | 0.000005080 | −0.427% | $6K | $16 | 20x | as long as short |
| Aster 1000PEPEUSDT | +0.0645% | 8h | 0.000005086 | −0.308% | $1.7M | $8.3M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0648% | 1h | 0.000005084 | −0.344% | $193K | $886K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0733% | 1h | 0.000005090 | −0.231% | $62K | $114K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0818% | 1h | 0.000005091 | −0.203% | $4.0M | $14.5M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000005110 | +0.161% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0944% | 1h | 0.000005088 | −0.267% | $98K | $622K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0952% | 1h | 0.000005095 | −0.133% | $615 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.1760% | 1h | 0.000005093 | −0.172% | $1.1M | $7.4M | 10x | as long as short |
| Hyperliquid kPEPEshort | +0.2076% | 1h | 0.000005095 | −0.133% | $56.1M | $136.3M | 10x |
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Kraken Futures PF_PEPEUSD
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE