Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.2% APRpaid last 24h −0.078%
Price spread now: Bitget against Hyperliquid+0.082%7-day average −0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$340.339% of the position
Funding, last 7 days−0.451%−$45 on $10k
+Price spread, last 7 days−0.148%−$15 · spread now +0.082%, 7d avg −0.079%
=Together, before fees−0.599%+ Points / potential airdropHyperliquid: Season 2 · farm board−$60 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.160% dearer against Hyperliquid than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.079%. Mind the row above: over the last 7 days funding on this pair cost −0.451%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid kPEPE | 0.000004773 | −0.0140 | get 0.0017% / 1h | 37m 00s | $65.1M | $91.8M | 10x |
| Short | Bitget PEPEUSDT | 0.000004777 | 0.0100 | get 0.0100% / 8h | 37m 00s | $42.1M | $150.0M | 75x |
Hyperliquid kPEPE
Bitget PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $50.33
- Price spread: +0.082% → −0.079%
- $16.05
- Slippage, 4 orders
- −$12.86
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $32.52
- Costs to cover
- 0.339%
- Break-even
- 2.5 days
Slippage from Hyperliquid: live order book, 7 min ago; Bitget: 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 | 2.08 bp | 6.6 bp −$7 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.09 bp | 9.4 bp −$9 | 11.2 bp −$112 | 21.8 bp −$2,180 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPElong | −0.0140% | 1h | 0.000004773 | long leg | $65.1M | $91.8M | 10x | |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004775 | +0.033% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004776 | +0.057% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004779 | +0.121% | $3.8M | $13.6M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004779 | +0.126% | $59K | $116K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004775 | +0.048% | $85.8M | $289.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004776 | +0.063% | $149.8M | $64.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004778 | +0.096% | $24.4M | $54.4M | 75x | as long as short |
| Bitget PEPEUSDTshort | +0.0100% | 8h | 0.000004777 | +0.082% | $42.1M | $150.0M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004793 | +0.417% | $587K | $4.1M | — | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004789 | +0.340% | $26K | $349K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004793 | +0.419% | $100K | $760K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004789 | +0.329% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004779 | +0.126% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004780 | +0.149% | $541K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0176% | 1h | 0.000004782 | +0.189% | $609K | $6.3M | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004781 | +0.160% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0193% | 8h | 0.000004778 | +0.110% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0198% | 8h | 0.000004780 | +0.140% | $2.3M | $6.4M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0207% | 8h | 0.000004777 | +0.084% | $41.4M | $496.2M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0248% | 1h | 0.000004785 | +0.251% | $548 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0330% | 8h | 0.000004779 | +0.126% | $3.9M | $22.2M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0373% / S −0.0422% | 1h | 0.000004000 | −16.195% | $42K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004788 | +0.314% | $576K | $25.7M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0404% | 8h | 0.000004779 | +0.128% | $30K | $12K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0424% | 1h | 0.000004778 | +0.096% | $91K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004775 | +0.042% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0588% | 1h | 0.000004780 | +0.147% | $77K | $98K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0637% | 8h | 0.000004778 | +0.098% | — | $256.6M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0640% | 1h | 0.000004783 | +0.210% | $135K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0644% | 8h | 0.000004774 | +0.018% | $130.7M | $1.06B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0648% | 1h | 0.000004778 | +0.114% | $526K | $148K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0648% | 8h | 0.000004779 | +0.134% | $91.9M | $280.5M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0649% | 8h | 0.000004780 | +0.145% | $1.5M | $7.2M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0757% | 1h | 0.000004782 | +0.185% | $183K | $849K | 10x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Lighter 1000PEPE
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
01 Exchange kPEPEUSD
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP