Funding you earn now, next payment 03:00 UTC−0.1714%/8h= −187.6% APRpaid last 24h −0.118%
Price spread now: HTX against Hyperliquid−0.276%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$510.513% of the position
Funding, last 7 days−0.411%−$41 on $10k
+Price spread, last 4 days (all we have)+0.331%+$33 · spread now −0.276%, 7d avg −0.085%
=Together, before fees−0.080%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$51 a day on $10k at the current rate, and HTX is 0.191% cheaper against Hyperliquid than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.085%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.411% in total (about -21.4% 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 | 0.000005068 | 0.1814 | pay 0.0227% / 1h | 41m 07s | $55.7M | $137.4M | 10x |
| Short | HTX PEPE-USDT | 0.000005054 | 0.0100 | get 0.0100% / 8h | 5h 41m | $577K | $3.6M | 75x |
Hyperliquid kPEPE
HTX PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$359.85
- Price spread: −0.276% → −0.085%
- −$19.12
- Slippage, 4 orders
- −$30.34
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$430.32
- Costs to cover
- 0.513%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 13 min ago; HTX: 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 | 2.96 bp | 9.0 bp −$9 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell HTX live order book, 3 min ago | 1.38 bp | 9.1 bp −$9 | 21.8 bp −$218 | 75.7 bp −$7,572 | 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 | 0.000005046 | −0.434% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005046 | −0.428% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005053 | −0.296% | $64K | $135K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005059 | −0.185% | $98.8M | $333.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005058 | −0.197% | $165.8M | $73.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005054 | −0.282% | $25.4M | $62.1M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005065 | −0.059% | $46.5M | $171.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005050 | −0.365% | $680K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005064 | −0.080% | $27K | $422K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005059 | −0.182% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
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-USDTshort | +0.0100% | 8h | 0.000005054 | −0.276% | $577K | $3.6M | 75x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005051 | −0.326% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0301% | 8h | 0.000005063 | −0.099% | $46.0M | $585.0M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0314% | 8h | 0.000005052 | −0.316% | $33K | $24K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0420% | 8h | 0.000005057 | −0.217% | $4.4M | $25.2M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0543% | 1h | 0.000005050 | −0.355% | $61K | $114K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0553% | 8h | 0.000005061 | −0.140% | — | $2.3M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0569% / S −0.0874% | 1h | 0.000005000 | −1.342% | $49K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005053 | −0.296% | $836K | $31.0M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0583% | 1h | 0.000005053 | −0.296% | $2K | $12K | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0592% | 1h | 0.000005053 | −0.296% | $143K | — | 3x | as long as short |
| Extended 1000PEPE-USD | +0.0600% | 1h | 0.000005051 | −0.327% | $536K | $221K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0601% | 8h | 0.000005062 | −0.112% | $96.3M | $287.6M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0601% | 8h | 0.000005065 | −0.065% | $142.0M | $1.20B | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0657% | 8h | 0.000005062 | −0.124% | $2.4M | $7.0M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0696% | 8h | 0.000005061 | −0.134% | $1.8M | $9.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0748% | 8h | 0.000005051 | −0.340% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0919% | 1h | 0.000005055 | −0.260% | $184K | $866K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0940% | 1h | 0.000005059 | −0.174% | $100K | $617K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +0.730% | $4K | $102K | 12x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0992% | 1h | 0.000005065 | −0.059% | $99K | $752K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.1000% | 1h | 0.000005056 | −0.237% | $610 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1377% | 1h | 0.000005053 | −0.288% | $4.2M | $15.1M | 50x | as long as short |
| Lighter 1000PEPE | +0.1584% | 1h | 0.000005057 | −0.217% | $718K | $8.0M | 10x | as long as short |
| Hyperliquid kPEPElong | +0.1814% | 1h | 0.000005068 | long leg | $55.7M | $137.4M | 10x |
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
SoDEX 1000PEPE-USD
Aevo 1000PEPE-PERP
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Phemex u1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
ApeX Omni 1000PEPEUSDT
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE