Funding you earn now, next payment 04:00 UTC−0.0513%/8h= −56.2% APRpaid last 24h −0.011%
Price spread now: Aster against Hyperliquid−0.167%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$320.318% of the position
Funding, last 7 days−0.265%−$27 on $10k
+Price spread, last 7 days+0.196%+$20 · spread now −0.167%, 7d avg −0.039%
=Together, before fees−0.069%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Aster is 0.129% cheaper against Hyperliquid than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.039%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.265% in total (about -13.8% 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 | Hyperliquid kPEPE | 0.000005059 | 0.1268 | pay 0.0159% / 1h | 57m 11s | $54.2M | $139.8M | 10x |
| Short | Aster 1000PEPEUSDT | 0.000005051 | 0.0755 | get 0.0755% / 8h | 4h 57m | $1.8M | $9.2M | 50x |
Hyperliquid kPEPE
Aster 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$107.7
- Price spread: −0.167% → −0.039%
- −$12.85
- Slippage, 4 orders
- −$14.79
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$152.34
- Costs to cover
- 0.318%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Aster: live order book, 2 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, 7 min ago | 0.99 bp | 8.2 bp −$8 | 13.8 bp −$138 | doesn't fit | doesn't fit |
| Sell Aster live order book, 2 min ago | 1.18 bp | 5.8 bp −$6 | 8.3 bp −$83 | 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 | 0.000005036 | −0.452% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005048 | −0.227% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005044 | −0.297% | $64K | $140K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005045 | −0.277% | $98.4M | $343.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005043 | −0.316% | $166.0M | $75.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005055 | −0.087% | $26.0M | $63.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005062 | +0.068% | $679K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005066 | +0.133% | $31K | $451K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005063 | +0.069% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005054 | −0.095% | $575K | $3.6M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0147% | 8h | 0.000005048 | −0.217% | $46.0M | $173.7M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005052 | −0.137% | $8K | — | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005044 | −0.297% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0324% | 8h | 0.000005051 | −0.154% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0359% | 8h | 0.000005047 | −0.237% | $45.8M | $592.5M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0478% | 8h | 0.000005054 | −0.099% | $4.3M | $25.4M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0522% | 1h | 0.000005070 | +0.217% | $100K | $742K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0605% | 1h | 0.000005055 | −0.079% | $2K | $12K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0625% | 8h | 0.000005051 | −0.166% | — | $261.4M | — | as long as short |
| Extended 1000PEPE-USD | +0.0656% | 1h | 0.000005054 | −0.101% | $535K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0656% | 1h | 0.000005022 | −0.731% | $142K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0659% | 8h | 0.000005052 | −0.142% | $95.0M | $285.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0659% | 8h | 0.000005052 | −0.139% | $141.9M | $1.22B | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0662% / S −0.1026% | 1h | 0.000005000 | −1.166% | $50K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005051 | −0.158% | $957K | $31.7M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0682% | 8h | 0.000005049 | −0.206% | $2.4M | $7.1M | 50x | as long as short |
| Lighter 1000PEPE | +0.0712% | 1h | 0.000005056 | −0.059% | $643K | $8.1M | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0741% | 1h | 0.000005052 | −0.138% | $71K | $124K | 25x | as long as short |
| Aster 1000PEPEUSDTshort | +0.0755% | 8h | 0.000005051 | −0.167% | $1.8M | $9.2M | 50x | |
| Paradex kPEPE-USD-PERP | +0.0799% | 8h | 0.000005040 | −0.383% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0912% | 1h | 0.000005049 | −0.206% | $189K | $873K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0953% | 1h | 0.000005058 | −0.024% | $92K | $639K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0968% | 1h | 0.000005051 | −0.158% | $609 | $3K | 10x | as long as short |
| Hyperliquid kPEPElong | +0.1268% | 1h | 0.000005059 | long leg | $54.2M | $139.8M | 10x | |
| Kraken Futures PF_PEPEUSD | +0.1289% | 1h | 0.000005052 | −0.131% | $4.3M | $15.3M | 50x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
ApeX Omni 1000PEPEUSDT
SoDEX 1000PEPE-USD
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Deribit 1000PEPE_USDC-PERPETUAL
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD