Funding you earn now, next payment 03:00 UTC−0.1209%/8h= −132.4% APRnext payment −$1.51 per $10,000 · paid last 24h −0.054%
Price spread now: Aevo against Hyperliquid+0.040%7-day average −0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,218as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,164as in the Price arb table
costs, in and out, $10k−$1,17811.783% of the position
Funding, last 7 days−0.393%−$39 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.040%, 7d avg −0.102%
=Together, before fees−0.407%+ Points / potential airdropHyperliquid: Season 2 · farm board−$41 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aevo is 0.141% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of −0.102%): +$14 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.393% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.393% in total (about -20.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.51 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 | Hyperliquid kPEPE | 0.000005041 | 0.1793 | pay 0.0224% / 1h | 44m 50s | $55.4M | $137.3M | 10x |
| Short | Aevo 1000PEPE-PERP | 0.000005043 | 0.0584 | get 0.0073% / 1h | 44m 50s | $143K | — | 3x |
Hyperliquid kPEPE
Aevo 1000PEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Hyperliquid. 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
- −$253.88
- Price spread: +0.040% → −0.102%
- $14.14
- Slippage, 4 orders
- −$1,153.29
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$1,418.02
- Costs to cover
- 11.783%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Aevo: live order book, 19 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 Hyperliquid live order book, 9 min ago | 2.96 bp | 9.0 bp −$9 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Aevo live order book, 19 min ago | 279.53 bp | 567.8 bp −$568 | doesn't fit | 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 | 0.000005037 | −0.079% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005024 | −0.339% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005017 | −0.476% | $63K | $135K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005033 | −0.159% | $98.3M | $332.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005034 | −0.139% | $164.9M | $73.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005039 | −0.036% | $25.4M | $62.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005033 | −0.163% | $46.2M | $170.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005020 | −0.424% | $706K | $4.6M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005022 | −0.381% | $27K | $424K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005036 | −0.091% | $954 | $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 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005030 | −0.214% | $575K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005033 | −0.150% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0299% | 8h | 0.000005034 | −0.139% | $45.6M | $581.2M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0310% | 8h | 0.000005036 | −0.099% | $33K | $24K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0416% | 8h | 0.000005035 | −0.119% | — | $25.0M | 75x | as long as short |
| BingX 1000PEPE-USDT | +0.0553% | 8h | 0.000005032 | −0.181% | — | $260.7M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0561% / S −0.0860% | 1h | 0.000005000 | −0.813% | $49K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005028 | −0.258% | $836K | $30.8M | 50x | as long as short |
| Aevo 1000PEPE-PERPshort | +0.0584% | 1h | 0.000005043 | +0.040% | $143K | — | 3x | |
| MEXC PEPE_USDT | +0.0588% | 8h | 0.000005031 | −0.194% | $95.7M | $287.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0592% | 8h | 0.000005036 | −0.091% | $141.9M | $1.19B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0592% | 1h | 0.000005040 | −0.025% | $533K | $219K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0617% | 1h | 0.000005036 | −0.099% | $2K | $12K | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0666% | 8h | 0.000005039 | −0.036% | $2.4M | $7.0M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0676% | 8h | 0.000005039 | −0.036% | $1.8M | $8.9M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0733% | 8h | 0.000005026 | −0.292% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0906% | 1h | 0.000005037 | −0.087% | $99K | $617K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0943% | 1h | 0.000005034 | −0.139% | $61K | $114K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0971% | 1h | 0.000005029 | −0.237% | $186K | $864K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +1.270% | $4K | $102K | 12x | as long as short |
| 01 Exchange kPEPEUSD | +0.0992% | 1h | 0.000005035 | −0.119% | $607 | $3K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1034% | 1h | 0.000005013 | −0.555% | $98K | $752K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1382% | 1h | 0.000005033 | −0.160% | $4.2M | $15.0M | 50x | as long as short |
| Lighter 1000PEPE | +0.1632% | 1h | 0.000005044 | +0.060% | $725K | $8.0M | 10x | as long as short |
| Hyperliquid kPEPElong | +0.1793% | 1h | 0.000005041 | long leg | $55.4M | $137.3M | 10x |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
SoDEX 1000PEPE-USD
Phemex u1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP
Injective PEPE/USDC PERP
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE