Funding you earn now, next payment 05:00 UTC−0.1459%/8h= −159.8% APRnext payment −$1.82 per $10,000 · paid last 24h −0.128%
Price spread now: Reya against Hyperliquid−0.229%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and Reya is 0.229% cheaper against Hyperliquid than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid kPEPE | 0.000005326 | 0.1648 | pay 0.0206% / 1h | 31m 14s | $58.3M | $145.2M | 10x |
| Short | Reya kPEPERUSDPERP | 0.000005314 | 0.0189 | get 0.0024% / 1h | 31m 14s | $8K | — | 15x |
Hyperliquid kPEPE
Reya kPEPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$306.48
- Price spread: −0.229% → 0.000%
- −$22.9
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$344.38
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 13 min ago; Reya: 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, 13 min ago | 2.81 bp | 12.6 bp −$13 | 22.8 bp −$228 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 | 0.000005277 | −0.918% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005311 | −0.291% | $15K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +0.019% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005288 | −0.713% | $70K | $155K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005313 | −0.244% | $108.0M | $377.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005312 | −0.263% | $176.1M | $87.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005320 | −0.109% | $26.6M | $68.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005312 | −0.271% | $747K | $5.1M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005295 | −0.575% | $53K | $509K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005321 | −0.090% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
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 | 0.000005317 | −0.163% | $608K | $3.9M | 75x | as long as short |
| Reya kPEPERUSDPERPshort | +0.0189% | 1h | 0.000005314 | −0.229% | $8K | — | 15x | |
| Bitget PEPEUSDT | +0.0287% | 8h | 0.000005322 | −0.073% | $51.8M | $189.8M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0388% | 8h | 0.000005314 | −0.218% | $36K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0434% | 8h | 0.000005319 | −0.131% | $52.0M | $683.6M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0495% | 1h | 0.000005317 | −0.169% | $2K | $10K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0560% | 8h | 0.000005312 | −0.263% | $5.0M | $28.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0630% | 8h | 0.000005320 | −0.120% | $2.6M | $7.5M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005320 | −0.113% | $651K | $36.7M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0755% | 8h | 0.000005279 | −0.883% | $6K | — | 20x | as long as short |
| BingX 1000PEPE-USDT | +0.0763% | 8h | 0.000005320 | −0.103% | — | $235.0M | — | as long as short |
| MEXC PEPE_USDT | +0.0796% | 8h | 0.000005322 | −0.079% | $104.3M | $294.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0798% | 8h | 0.000005319 | −0.122% | $155.1M | $1.32B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005315 | −0.199% | $562K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005306 | −0.376% | $150K | — | 3x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0804% | 1h | 0.000005291 | −0.657% | $162K | $808K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0860% | 1h | 0.000005312 | −0.257% | $191K | $916K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0914% | 8h | 0.000005314 | −0.234% | $1.9M | $10.2M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0939% / S −0.1863% | 1h | 0.000005000 | −6.121% | $65K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.1032% | 1h | 0.000005311 | −0.282% | $641 | $3K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.1069% | 1h | 0.000005315 | −0.207% | $75K | $126K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1225% | 1h | 0.000005323 | −0.060% | $69K | $724K | 15x | as long as short |
| Lighter 1000PEPE | +0.1264% | 1h | 0.000005326 | 0.000% | $702K | $8.7M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1535% | 1h | 0.000005319 | −0.127% | $4.9M | $16.4M | 50x | as long as short |
| Hyperliquid kPEPElong | +0.1648% | 1h | 0.000005326 | long leg | $58.3M | $145.2M | 10x |
HTX PEPE-USDT
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Paradex kPEPE-USD-PERP
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD