Funding you earn now, next payment 08:00 UTC−0.0298%/8h= −32.7% APRnext payment −$2.98 per $10,000 · paid last 24h −0.009%
Price spread now: HTX against OKX−0.033%54s7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.467% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.033%, 7d avg +0.007%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and HTX is 0.040% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.007%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.053%, so the current rate has only just turned against you. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.053% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.98 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 | OKX PEPE-USDT-SWAP | 0.000005170 | 0.0398 | pay 0.0398% / 8h | 1h 05m | $47.7M | $737.6M | 50x |
| Short | HTX PEPE-USDT | 0.000005168 | 0.0100 | get 0.0100% / 8h | 1h 05m | $599K | $4.2M | 75x |
OKX PEPE-USDT-SWAP
HTX PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against OKX. 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
- −$62.67
- Price spread: −0.033% → +0.007%
- −$3.95
- Slippage, 4 orders
- −$24.67
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$113.3
- Costs to cover
- 0.467%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; HTX: live order book, 4 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 OKX live order book, 4 min ago | 0.97 bp | 8.9 bp −$9 | 12.2 bp −$122 | 34.2 bp −$3,420 | doesn't fit |
| Sell HTX live order book, 4 min ago | 7.97 bp | 16.3 bp −$16 | 29.1 bp −$291 | 89.0 bp −$8,896 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005140 | −0.580% | $8K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005165 | −0.097% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005162 | −0.153% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005167 | −0.058% | $60K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005168 | −0.039% | $101.2M | $421.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005164 | −0.116% | $164.2M | $97.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005168 | −0.047% | $607K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005152 | −0.344% | $28K | $543K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005179 | +0.182% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDTshort | +0.0100% | 8h | 0.000005168 | −0.033% | $599K | $4.2M | 75x |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0109% | 8h | 0.000005168 | −0.031% | $26.4M | $72.7M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0172% | 1h | 0.000005169 | −0.019% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005170 | −0.005% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0286% | 8h | 0.000005166 | −0.068% | $46.2M | $216.4M | 75x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0398% | 8h | 0.000005170 | long leg | $47.7M | $737.6M | 50x | |
| Orderly PERP_1000PEPE_USDC | +0.0399% | 8h | 0.000005171 | +0.012% | $34K | $26K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0422% | 1h | 0.000005152 | −0.348% | $150K | $829K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0452% | 1h | 0.000005167 | −0.063% | $4.7M | $16.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0463% | 1h | 0.000005172 | +0.035% | $73K | $865K | 15x | as long as short |
| BloFin PEPE-USDT | +0.0512% | 8h | 0.000005161 | −0.174% | $4.4M | $29.9M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0521% | 8h | 0.000005169 | −0.017% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0521% | 8h | 0.000005172 | +0.041% | $2.4M | $8.0M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0525% | 1h | 0.000005168 | −0.039% | $74K | $127K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005172 | +0.039% | $679K | $39.1M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005172 | +0.039% | $624 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0699% | 1h | 0.000005171 | +0.029% | $165K | $960K | 10x | as long as short |
| Lighter 1000PEPE | +0.0712% | 1h | 0.000005174 | +0.077% | $617K | $9.1M | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0729% | 8h | 0.000005169 | −0.014% | — | $2.3M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0753% | 8h | 0.000005172 | +0.039% | $1.8M | $11.7M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0759% | 8h | 0.000005170 | −0.004% | $100.2M | $306.8M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0760% | 1h | 0.000005169 | −0.028% | $543K | $284K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0760% | 1h | 0.000005170 | 0.000% | $146K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0760% | 8h | 0.000005169 | −0.014% | $142.0M | $1.47B | 75x | as long as short |
| Hyperliquid kPEPE | +0.0956% | 1h | 0.000005173 | +0.058% | $53.8M | $156.8M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2249% | 1h | 0.000005000 | −3.288% | $64K | — | 100x | as long as short |
KuCoin PEPEUSDTM
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Backpack kPEPE_USDC_PERP
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
Lighter 1000PEPE
BingX 1000PEPE-USDC
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]