Funding you earn now, next payment 22:00 UTC−0.0455%/8h= −49.8% APRnext payment −$0.57 per $10,000 · paid last 24h +0.009%
Price spread now: Hyperliquid against Injective−0.641%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1031.032% of the position
Funding, last 7 days+0.040%+$4 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 against this trade now: funding costs −$14 a day on $10k at the current rate, and Hyperliquid is 0.641% cheaper against Injective than usual: you would sell low and buy high (−$64 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 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 | Injective PEPE/USDC PERP | 0.000004834 | 0.0555 | pay 0.0069% / 1h | 13m 13s | $4K | $110K | 12x |
| Short | Hyperliquid kPEPE | 0.000004803 | 0.0100 | get 0.0013% / 1h | 13m 13s | $58.0M | $72.1M | 10x |
Injective PEPE/USDC PERP
Hyperliquid kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Injective. 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
- −$95.58
- Price spread: −0.641% → 0.000%
- −$64.13
- Slippage, 4 orders
- −$94.22
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$262.96
- Costs to cover
- 1.032%
- Break-even
- never at this rate
Slippage from Injective: live order book, 10 min ago; Hyperliquid: live order book, 10 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 Injective live order book, 10 min ago | 22.68 bp | 65.8 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 1.03 bp | 9.2 bp −$9 | 13.5 bp −$135 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004812 | −0.452% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004799 | −0.718% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPEshort | +0.0100% | 1h | 0.000004803 | −0.641% | $58.0M | $72.1M | 10x | |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004816 | −0.372% | $59K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004802 | −0.662% | $87.4M | $275.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004803 | −0.641% | $150.0M | $62.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004802 | −0.668% | $25.0M | $53.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004810 | −0.491% | $559K | $3.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004818 | −0.333% | $27K | $342K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004822 | −0.244% | $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 | 0.000004807 | −0.567% | $553K | $3.4M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0164% | 8h | 0.000004808 | −0.538% | $41.3M | $484.8M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0180% | 8h | 0.000004806 | −0.577% | $42.4M | $150.7M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004804 | −0.613% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0284% | 8h | 0.000004810 | −0.496% | $3.8M | $21.8M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −17.253% | $52K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0410% | 8h | 0.000004810 | −0.492% | $29K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004817 | −0.352% | $579K | $25.1M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0497% | 8h | 0.000004804 | −0.629% | $2.3M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0518% | 8h | 0.000004816 | −0.380% | $5K | $16 | 20x | as long as short |
| Injective PEPE/USDC PERPlong | +0.0555% | 1h | 0.000004834 | long leg | $4K | $110K | 12x | |
| Lighter 1000PEPE | +0.0648% | 1h | 0.000004813 | −0.434% | $608K | $5.3M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0700% | 1h | 0.000004827 | −0.143% | $93K | $622K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0743% | 1h | 0.000004807 | −0.560% | $188K | $848K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0762% | 1h | 0.000004808 | −0.538% | $3.9M | $13.1M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0765% | 1h | 0.000004818 | −0.331% | $102K | $761K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0791% | 1h | 0.000004807 | −0.559% | $81K | $94K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0804% | 1h | 0.000004809 | −0.517% | $2K | $9K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0813% | 8h | 0.000004806 | −0.588% | — | $254.7M | — | as long as short |
| MEXC PEPE_USDT | +0.0863% | 8h | 0.000004807 | −0.556% | $91.4M | $291.7M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0863% | 8h | 0.000004806 | −0.574% | $128.1M | $1.02B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0864% | 1h | 0.000004809 | −0.527% | $529K | $147K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0864% | 1h | 0.000004800 | −0.703% | $136K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0896% | 8h | 0.000004819 | −0.313% | $1.5M | $6.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1216% | 1h | 0.000004821 | −0.269% | $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
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
SoDEX 1000PEPE-USD
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD