Funding you earn now, next payment 00:00 UTC+0.0366%/8h= +40.1% APRnext payment +$3.66 per $10,000 · paid last 24h −0.003%
Price spread now: Phemex against HTX−0.012%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$650.655% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 3 days (all we have)+0.095%+$10 · spread now −0.012%, 7d avg +0.017%
=Funding pays, the price is against you. Phemex is 0.029% cheaper against HTX than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.017%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.101%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.101% in total (about -5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.66 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 | HTX PEPE-USDT | 0.000004801 | 0.0100 | pay 0.0100% / 8h | 2h 30m | $553K | $3.6M | 75x |
| Short | Phemex u1000PEPEUSDT | 0.000004800 | 0.0466 | get 0.0466% / 8h | 2h 30m | $2.3M | $6.3M | 50x |
HTX PEPE-USDT
Phemex u1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $76.94
- Price spread: −0.012% → +0.017%
- −$2.93
- Slippage, 4 orders
- −$41.5
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $8.51
- Costs to cover
- 0.655%
- Break-even
- 6.2 days
Slippage from HTX: live order book, 3 min ago; Phemex: live order book, 3 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 | 3.74 bp | 19.7 bp −$20 | 48.8 bp −$488 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 6.95 bp | 13.3 bp −$13 | 31.8 bp −$318 | 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 | 0.000004800 | −0.026% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004800 | −0.031% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004802 | +0.021% | $56.9M | $70.3M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004806 | +0.104% | $59K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004800 | −0.012% | $88.7M | $273.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004797 | −0.083% | $149.0M | $61.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004801 | −0.010% | $23.8M | $52.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004799 | −0.035% | $705K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004815 | +0.294% | $27K | $338K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004813 | +0.242% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDTlong | +0.0100% | 8h | 0.000004801 | long leg | $553K | $3.6M | 75x | |
| OKX PEPE-USDT-SWAP | +0.0133% | 8h | 0.000004803 | +0.042% | $41.3M | $488.2M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0172% | 8h | 0.000004801 | −0.006% | $43.2M | $152.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004803 | +0.047% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0248% | 8h | 0.000004806 | +0.104% | $3.9M | $21.7M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −16.684% | $52K | — | 100x | as long as short |
| Lighter 1000PEPE | +0.0336% | 1h | 0.000004805 | +0.083% | $591K | $5.1M | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0380% | 8h | 0.000004804 | +0.056% | $29K | $11K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0400% | 8h | 0.000004805 | +0.091% | $5K | $16 | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004801 | 0.000% | $575K | $25.3M | 50x | as long as short |
| Phemex u1000PEPEUSDTshort | +0.0466% | 8h | 0.000004800 | −0.012% | $2.3M | $6.3M | 50x | |
| Backpack kPEPE_USDC_PERP | +0.0498% | 1h | 0.000004805 | +0.085% | $95K | $622K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004809 | +0.167% | $4K | $92K | 12x | as long as short |
| Nado kPEPE-PERP | +0.0691% | 1h | 0.000004798 | −0.054% | $179K | $859K | 10x | as long as short |
| SoDEX 1000PEPE-USD | +0.0705% | 1h | 0.000004805 | +0.083% | $2K | $9K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0722% | 1h | 0.000004816 | +0.312% | $100K | $759K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0762% | 1h | 0.000004804 | +0.067% | $3.9M | $13.0M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0774% | 8h | 0.000004802 | +0.027% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0816% | 1h | 0.000004803 | +0.035% | $526K | $147K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0816% | 1h | 0.000004807 | +0.125% | $136K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0819% | 8h | 0.000004804 | +0.058% | $90.3M | $289.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0820% | 8h | 0.000004808 | +0.135% | $127.8M | $1.02B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0860% | 8h | 0.000004803 | +0.046% | $1.5M | $6.8M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.1000% | 1h | 0.000004805 | +0.083% | $81K | $94K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.1232% | 1h | 0.000004813 | +0.250% | $551 | $2K | 10x | as long as short |
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Lighter 1000PEPE
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Nado kPEPE-PERP
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
01 Exchange kPEPEUSD