Funding you earn now, next payment 22:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h −0.061%
Price spread now: BloFin against Hyperliquid−0.082%107s7-day average −0.127% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$360.356% of the position
Funding, last 7 days−0.192%−$19 on $10k
+Price spread, last 3 days (all we have)+0.108%+$11 · spread now −0.082%, 7d avg −0.127%
=Together, before fees−0.084%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.045% dearer against Hyperliquid than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.127%. Mind the row above: over the last 7 days funding on this pair cost −0.192%, so the current rate has only just turned in your favour. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid kPEPE | 0.000004896 | 0.0100 | pay 0.0013% / 1h | 55m 20s | $56.8M | $67.1M | 10x |
| Short | BloFin PEPE-USDT | 0.000004892 | 0.0220 | get 0.0220% / 8h | 2h 55m | $4.0M | $21.6M | 75x |
Hyperliquid kPEPE
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: −0.082% → −0.127%
- $4.53
- Slippage, 4 orders
- −$14.64
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$5.9
- Costs to cover
- 0.356%
- Break-even
- 8.6 days
Slippage from Hyperliquid: live order book, 8 min ago; BloFin: live order book, 4 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, 8 min ago | 1.02 bp | 5.5 bp −$6 | 10.7 bp −$107 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 5.10 bp | 11.7 bp −$12 | 16.7 bp −$167 | 42.7 bp −$4,273 | 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 | 0.000004892 | −0.083% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004893 | −0.067% | $15K | — | 150x | as long as short |
| Hyperliquid kPEPElong | +0.0100% | 1h | 0.000004896 | long leg | $56.8M | $67.1M | 10x | |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004897 | +0.020% | $58K | $108K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004898 | +0.033% | $88.7M | $265.8M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0100% | 8h | 0.000004902 | +0.123% | $42.9M | $485.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004896 | 0.000% | $149.4M | $59.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004895 | −0.027% | $24.8M | $48.8M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004896 | +0.006% | $97K | $591K | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004889 | −0.133% | $719K | $3.8M | — | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Gate PEPE_USDT
KuCoin PEPEUSDTM
Backpack kPEPE_USDC_PERP
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 | 0.000004893 | −0.071% | $28K | $335K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004897 | +0.016% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004896 | +0.006% | $563K | $3.5M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0141% | 1h | 0.000004896 | 0.000% | $2K | $9K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0183% | 8h | 0.000004897 | +0.018% | $45.9M | $136.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004898 | +0.031% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDTshort | +0.0220% | 8h | 0.000004892 | −0.082% | $4.0M | $21.6M | 75x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0312% / S −0.0263% | 1h | 0.000004000 | −18.301% | $48K | — | 100x | as long as short |
| Lighter 1000PEPE | +0.0320% | 1h | 0.000004900 | +0.082% | $588K | $4.9M | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0345% | 8h | 0.000004898 | +0.047% | $31K | $10K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0352% | 8h | 0.000004899 | +0.058% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0437% | 8h | 0.000004893 | −0.063% | $2.4M | $6.2M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004887 | −0.184% | $628K | $25.0M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0512% | 1h | 0.000004901 | +0.102% | $561 | $2K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004898 | +0.041% | $4K | $92K | 12x | as long as short |
| Nado kPEPE-PERP | +0.0639% | 1h | 0.000004898 | +0.047% | $193K | $845K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0699% | 1h | 0.000004891 | −0.102% | $101K | $755K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0748% | 1h | 0.000004896 | −0.002% | $3.9M | $12.5M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0763% | 8h | 0.000004896 | −0.002% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000004901 | +0.105% | $537K | $146K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0792% | 8h | 0.000004894 | −0.047% | $121.3M | $279.7M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000004895 | −0.020% | $138K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0793% | 8h | 0.000004898 | +0.039% | $131.6M | $987.2M | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0858% | 8h | 0.000004901 | +0.101% | $1.5M | $6.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0977% | 1h | 0.000004895 | −0.020% | $79K | $91K | 25x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Reya kPEPERUSDPERP
GMX PEPE/USD [ETH-USDC]
Lighter 1000PEPE
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL