Funding you earn now, next payment 22:00 UTC+0.0666%/8h= +72.9% APRpaid last 24h −0.078%
Price spread now: BingX against Hyperliquid+0.004%7-day average −0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$240.245% of the position
Funding, last 7 days−0.370%−$37 on $10k
+Price spread, last 7 days−0.091%−$9 · spread now +0.004%, 7d avg −0.100%
=Together, before fees−0.460%+ Points / potential airdropHyperliquid: Season 2 · farm board−$46 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and BingX is 0.104% dearer against Hyperliquid than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.100%. Mind the row above: over the last 7 days funding on this pair cost −0.370%, 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 -0.370% in total (about -19.3% 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 | 0.000004824 | 0.0100 | pay 0.0013% / 1h | 40m 59s | $56.5M | $69.3M | 10x |
| Short | BingX 1000PEPE-USDT | 0.000004824 | 0.0766 | get 0.0766% / 8h | 2h 40m | — | $254.5M | — |
Hyperliquid kPEPE
BingX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $139.86
- Price spread: +0.004% → −0.100%
- $10.45
- Slippage, 4 orders
- −$5.47
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $125.84
- Costs to cover
- 0.245%
- Break-even
- 0.7 days
Slippage from Hyperliquid: live order book, 13 min ago; BingX: 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 Hyperliquid live order book, 13 min ago | 1.03 bp | 5.5 bp −$6 | 6.1 bp −$61 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 0.31 bp | 6.7 bp −$7 | 10.9 bp −$109 | 16.6 bp −$1,664 | 38.4 bp −$19.2K |
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 | 0.000004847 | +0.486% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004850 | +0.531% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPElong | +0.0100% | 1h | 0.000004824 | long leg | $56.5M | $69.3M | 10x | |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004854 | +0.622% | $57K | $109K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004825 | +0.023% | $88.1M | $271.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004834 | +0.207% | $148.2M | $60.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004850 | +0.531% | $24.9M | $51.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004899 | +1.545% | $716K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004885 | +1.270% | $27K | $338K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004860 | +0.744% | $2K | $2.4M | 20x | 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-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004856 | +0.655% | $551K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0113% | 8h | 0.000004831 | +0.145% | $41.8M | $489.9M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0170% | 8h | 0.000004824 | 0.000% | $44.1M | $151.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004852 | +0.583% | $7K | — | 15x | as long as short |
| Lighter 1000PEPE | +0.0232% | 1h | 0.000004853 | +0.601% | $596K | $5.1M | 10x | as long as short |
| BloFin PEPE-USDT | +0.0233% | 8h | 0.000004852 | +0.580% | $3.9M | $21.7M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0248% | 1h | 0.000004846 | +0.458% | $102K | $620K | 15x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0319% / S −0.0217% | 1h | 0.000004000 | −17.081% | $53K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0345% | 8h | 0.000004851 | +0.563% | $5K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0363% | 8h | 0.000004856 | +0.667% | $30K | $10K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0435% | 8h | 0.000004855 | +0.647% | $2.3M | $6.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004853 | +0.601% | $579K | $25.5M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0504% | 1h | 0.000004853 | +0.601% | $2K | $9K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004861 | +0.767% | $4K | $92K | 12x | as long as short |
| Nado kPEPE-PERP | +0.0646% | 1h | 0.000004855 | +0.651% | $181K | $866K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0755% | 1h | 0.000004852 | +0.586% | $3.9M | $12.9M | 50x | as long as short |
| BingX 1000PEPE-USDTshort | +0.0766% | 8h | 0.000004824 | +0.004% | — | $254.5M | — | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0781% | 1h | 0.000004852 | +0.580% | $82K | $94K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000004871 | +0.974% | $138K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0805% | 8h | 0.000004831 | +0.149% | $128.0M | $1.01B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0806% | 8h | 0.000004854 | +0.614% | $91.0M | $288.2M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000004853 | +0.593% | $535K | $146K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0859% | 1h | 0.000004884 | +1.244% | $101K | $759K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0860% | 8h | 0.000004852 | +0.575% | $1.5M | $6.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1360% | 1h | 0.000004858 | +0.705% | $556 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Lighter 1000PEPE
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
SoDEX 1000PEPE-USD
Injective PEPE/USDC PERP
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD