Funding you earn now, next payment 23:00 UTC−0.0109%/8h= −11.9% APRpaid last 24h +0.088%
Price spread now: Hyperliquid against OKX−0.105%7-day average +0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs+$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$280.284% of the position
Funding, last 7 days+0.426%+$43 on $10k
+Price spread, last 7 days+0.201%+$20 · spread now −0.105%, 7d avg +0.111%
=Together, before fees+0.627%+ Points / potential airdropHyperliquid: Season 2 · farm board+$63 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hyperliquid is 0.216% cheaper against OKX than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.111%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.426%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PEPE-USDT-SWAP | 0.000004782 | 0.0209 | pay 0.0209% / 8h | 1h 17m | $41.4M | $489.2M | 50x |
| Short | Hyperliquid kPEPE | 0.000004777 | 0.0100 | get 0.0013% / 1h | 17m 25s | $61.6M | $81.8M | 10x |
OKX PEPE-USDT-SWAP
Hyperliquid kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- −$22.89
- Price spread: −0.105% → +0.111%
- −$21.59
- Slippage, 4 orders
- −$9.42
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$72.9
- Costs to cover
- 0.284%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Hyperliquid: live order book, 6 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, 2 min ago | 1.04 bp | 7.7 bp −$8 | 10.4 bp −$104 | 37.4 bp −$3,742 | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 1.04 bp | 8.9 bp −$9 | 13.6 bp −$136 | 29.7 bp −$2,970 | 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 | 0.000004781 | −0.018% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004778 | −0.082% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004785 | +0.063% | $658K | $5.8M | 10x | as long as short |
| Hyperliquid kPEPEshort | +0.0100% | 1h | 0.000004777 | −0.105% | $61.6M | $81.8M | 10x | |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004784 | +0.042% | $59K | $114K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004779 | −0.071% | $86.2M | $282.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004777 | −0.105% | $149.4M | $63.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004780 | −0.048% | $24.6M | $53.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004812 | +0.625% | $543K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004816 | +0.704% | $27K | $344K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004799 | +0.358% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004792 | +0.209% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004791 | +0.180% | $540K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0123% | 8h | 0.000004781 | −0.031% | $42.0M | $148.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004778 | −0.074% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0209% | 8h | 0.000004782 | long leg | $41.4M | $489.2M | 50x | |
| Paradex kPEPE-USD-PERP | +0.0295% | 8h | 0.000004786 | +0.085% | $5K | $16 | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0319% / S −0.0340% | 1h | 0.000004000 | −16.353% | $43K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0324% | 8h | 0.000004789 | +0.146% | $3.9M | $22.1M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0358% | 8h | 0.000004792 | +0.207% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0408% | 1h | 0.000004784 | +0.042% | $548 | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004793 | +0.230% | $581K | $25.4M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0450% | 8h | 0.000004780 | −0.033% | $29K | $11K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0542% | 1h | 0.000004816 | +0.711% | $102K | $764K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0564% | 1h | 0.000004790 | +0.165% | $91K | $614K | 15x | as long as short |
| BingX 1000PEPE-USDT | +0.0749% | 8h | 0.000004781 | −0.019% | — | $256.4M | — | as long as short |
| Nado kPEPE-PERP | +0.0768% | 1h | 0.000004783 | +0.016% | $184K | $845K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0768% | 1h | 0.000004781 | −0.024% | $526K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000004784 | +0.042% | $135K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0770% | 8h | 0.000004781 | −0.012% | $129.8M | $1.04B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0774% | 8h | 0.000004780 | −0.044% | $90.7M | $285.4M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0786% | 8h | 0.000004783 | +0.023% | $1.5M | $7.1M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0794% | 1h | 0.000004793 | +0.230% | $81K | $94K | 25x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004843 | +1.276% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1332% | 1h | 0.000004789 | +0.143% | $3.9M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
ApeX Omni 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
BingX 1000PEPE-USDT
Nado kPEPE-PERP
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD