Funding you earn now, next payment 00:00 UTC+0.0773%/8h= +84.6% APRnext payment +$0.97 per $10,000 · paid last 24h −0.032%
Price spread now: Extended against Hyperliquid+0.260%7-day average −0.149% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs+$10as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days−0.353%−$35 on $10k
+Price spread, last 4 days (all we have)−0.466%−$47 · spread now +0.260%, 7d avg −0.149%
=Together, before fees−0.819%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$82 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Extended is 0.409% dearer against Hyperliquid than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of −0.149%. Mind the row above: over the last 7 days funding on this pair cost −0.353%, 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 -0.353% in total (about -18.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.97 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 | 0.000004758 | −0.0133 | get 0.0017% / 1h | 35m 24s | $65.2M | $92.1M | 10x |
| Short | Extended 1000PEPE-USD | 0.000004770 | 0.0640 | get 0.0080% / 1h | 35m 24s | $526K | $148K | 25x |
Hyperliquid kPEPE
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $162.23
- Price spread: +0.260% → −0.149%
- $40.91
- Slippage, 4 orders
- −$16.63
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $172.51
- Costs to cover
- 0.306%
- Break-even
- from the start
Slippage from Hyperliquid: live order book, 8 min ago; Extended: live order book, 42 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 | 2.08 bp | 6.6 bp −$7 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell Extended live order book, 42 min ago | 3.13 bp | 7.7 bp −$8 | 45.3 bp −$453 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPElong | −0.0133% | 1h | 0.000004758 | long leg | $65.2M | $92.1M | 10x | |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004765 | +0.146% | $17K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004760 | +0.034% | $13K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004778 | +0.423% | $3.8M | $13.6M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004769 | +0.231% | $59K | $116K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004762 | +0.074% | $85.6M | $289.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004762 | +0.084% | $149.3M | $64.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004767 | +0.183% | $24.3M | $54.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004761 | +0.055% | $42.0M | $150.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004776 | +0.377% | $585K | $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
Bitget PEPEUSDT
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 | 0.000004782 | +0.503% | $26K | $350K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004782 | +0.504% | $99K | $760K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004786 | +0.580% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004777 | +0.399% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004776 | +0.372% | $541K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0152% | 1h | 0.000004771 | +0.273% | $604K | $6.3M | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004763 | +0.098% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0189% | 8h | 0.000004764 | +0.128% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0195% | 8h | 0.000004779 | +0.437% | $2.3M | $6.4M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0206% | 8h | 0.000004765 | +0.147% | $41.3M | $495.1M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0264% | 1h | 0.000004772 | +0.294% | $547 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0330% | 8h | 0.000004779 | +0.441% | $3.9M | $22.2M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0374% / S −0.0335% | 1h | 0.000004000 | −15.931% | $47K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0399% | 8h | 0.000004762 | +0.088% | $30K | $12K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004788 | +0.631% | $576K | $25.7M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0415% | 1h | 0.000004776 | +0.387% | $91K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004775 | +0.357% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0588% | 1h | 0.000004776 | +0.378% | $77K | $98K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0617% | 8h | 0.000004764 | +0.130% | — | $256.7M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0634% | 8h | 0.000004766 | +0.176% | $130.5M | $1.06B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0637% | 8h | 0.000004770 | +0.255% | $1.5M | $7.3M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0639% | 8h | 0.000004771 | +0.263% | $92.5M | $280.6M | 300x | as long as short |
| Extended 1000PEPE-USDshort | +0.0640% | 1h | 0.000004770 | +0.260% | $526K | $148K | 25x | |
| Aevo 1000PEPE-PERP | +0.0640% | 1h | 0.000004777 | +0.399% | $135K | — | 3x | as long as short |
| Nado kPEPE-PERP | +0.0744% | 1h | 0.000004765 | +0.157% | $182K | $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]
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Nado kPEPE-PERP