Funding you earn now, next payment 22:00 UTC+0.0896%/8h= +98.1% APRnext payment +$1.12 per $10,000 · paid last 24h −0.075%
Price spread now: Deribit against Hyperliquid+0.166%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.427%−$43 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Deribit is 0.166% dearer against Hyperliquid than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.427%, 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 -0.427% in total (about -22.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.12 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 | 0.000004814 | 0.0100 | pay 0.0013% / 1h | 15m 11s | $58.1M | $71.9M | 10x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004822 | 0.0996 | get 0.0124% / 1h | 15m 11s | $82K | $94K | 25x |
Hyperliquid kPEPE
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $188.13
- Price spread: +0.166% → 0.000%
- $16.62
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $188.75
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 8 min ago; Deribit: no order-book sample. Net counts fees only.
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 | 1.03 bp | 5.5 bp −$6 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.000004810 | −0.089% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004813 | −0.012% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPElong | +0.0100% | 1h | 0.000004814 | long leg | $58.1M | $71.9M | 10x | |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004818 | +0.083% | $59K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004818 | +0.075% | $88.2M | $274.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004810 | −0.083% | $150.3M | $62.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004815 | +0.017% | $25.1M | $53.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004810 | −0.077% | $559K | $3.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004820 | +0.120% | $27K | $341K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004820 | +0.123% | $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 | 0.000004822 | +0.177% | $555K | $3.4M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0164% | 8h | 0.000004823 | +0.187% | $41.5M | $486.1M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0178% | 8h | 0.000004821 | +0.147% | $42.6M | $151.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004818 | +0.078% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0279% | 8h | 0.000004829 | +0.312% | $3.9M | $21.8M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −16.909% | $52K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0407% | 8h | 0.000004824 | +0.208% | $29K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004811 | −0.062% | $579K | $25.1M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0467% | 8h | 0.000004821 | +0.145% | $2.3M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0507% | 8h | 0.000004816 | +0.034% | $5K | $16 | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004817 | +0.062% | $4K | $110K | 12x | as long as short |
| Lighter 1000PEPE | +0.0584% | 1h | 0.000004831 | +0.353% | $606K | $5.2M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0682% | 1h | 0.000004808 | −0.123% | $93K | $622K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0738% | 1h | 0.000004817 | +0.058% | $188K | $848K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0748% | 1h | 0.000004821 | +0.145% | $102K | $762K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0760% | 1h | 0.000004821 | +0.138% | $3.9M | $13.1M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0808% | 1h | 0.000004823 | +0.187% | $2K | $9K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0813% | 8h | 0.000004824 | +0.199% | — | $254.8M | — | as long as short |
| Extended 1000PEPE-USD | +0.0856% | 1h | 0.000004822 | +0.162% | $529K | $147K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0856% | 8h | 0.000004822 | +0.156% | $91.7M | $291.4M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0856% | 1h | 0.000004828 | +0.291% | $136K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0859% | 8h | 0.000004830 | +0.340% | $128.5M | $1.02B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0889% | 8h | 0.000004819 | +0.100% | $1.5M | $6.8M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0996% | 1h | 0.000004822 | +0.166% | $82K | $94K | 25x | |
| 01 Exchange kPEPEUSD | +0.1216% | 1h | 0.000004823 | +0.187% | $552 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Injective PEPE/USDC PERP
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
SoDEX 1000PEPE-USD
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD