Funding you earn now, next payment 02:00 UTC+0.2335%/8h= +255.7% APRpaid last 24h +0.055%
Price spread now: Hyperliquid against Orderly+0.176%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$70 a day on $10k at the current rate, and Hyperliquid is 0.176% dearer against Orderly than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_1000PEPE_USDC | 0.000004940 | 0.0270 | pay 0.0270% / 8h | 6h 55m | $32K | $22K | 20x |
| Short | Hyperliquid kPEPE | 0.000004949 | 0.2605 | get 0.0326% / 1h | 55m 56s | $54.6M | $134.1M | 10x |
Orderly PERP_1000PEPE_USDC
Hyperliquid kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Orderly. 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
- $490.35
- Price spread: +0.176% → 0.000%
- $17.61
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $492.96
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 8 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 8 min ago | 2.98 bp | 11.0 bp −$11 | 14.7 bp −$147 | doesn't fit | doesn't fit |
Orderly: 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 | 0.000004934 | −0.134% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004932 | −0.162% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004943 | +0.055% | $58K | $122K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004949 | +0.174% | $95.6M | $314.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004943 | +0.055% | $158.1M | $68.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004946 | +0.111% | $24.9M | $58.6M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004945 | +0.087% | $43.7M | $157.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004938 | −0.052% | $556K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004990 | +1.005% | $46K | $385K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004947 | +0.138% | $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
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-USDT | +0.0100% | 8h | 0.000004947 | +0.146% | $551K | $3.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004937 | −0.059% | $2.3M | $6.8M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004942 | +0.033% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0197% | 8h | 0.000004953 | +0.257% | $43.4M | $544.0M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0199% | 1h | 0.000004986 | +0.925% | $106K | $751K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDClong | +0.0270% | 8h | 0.000004940 | long leg | $32K | $22K | 20x | |
| SoDEX 1000PEPE-USD | +0.0290% | 1h | 0.000004945 | +0.095% | $2K | $12K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0314% | 8h | 0.000004969 | +0.581% | $4.2M | $24.3M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0335% | 8h | 0.000004928 | −0.250% | $6K | $16 | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0358% | 1h | 0.000004941 | +0.014% | $60K | $114K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000004944 | +0.075% | $640K | $27.9M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0451% | 8h | 0.000004946 | +0.117% | — | $257.8M | — | as long as short |
| Extended 1000PEPE-USD | +0.0464% | 1h | 0.000004947 | +0.142% | $543K | $199K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0464% | 1h | 0.000004948 | +0.156% | $140K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0467% | 8h | 0.000004950 | +0.194% | $93.2M | $286.7M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0468% | 8h | 0.000004948 | +0.160% | $136.2M | $1.15B | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0501% / S −0.0408% | 1h | 0.000004000 | −19.033% | $62K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0528% | 8h | 0.000004941 | +0.012% | $1.7M | $7.8M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0658% | 1h | 0.000004938 | −0.055% | $99K | $616K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0843% | 1h | 0.000004940 | −0.009% | $3.9M | $14.3M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0872% | 1h | 0.000004950 | +0.196% | $1K | $2K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000005000 | +1.208% | $4K | $102K | 12x | as long as short |
| Lighter 1000PEPE | +0.0984% | 1h | 0.000004945 | +0.095% | $638K | $6.8M | 10x | as long as short |
| Nado kPEPE-PERP | +0.1067% | 1h | 0.000004949 | +0.172% | $175K | $873K | 10x | as long as short |
| Hyperliquid kPEPEshort | +0.2605% | 1h | 0.000004949 | +0.176% | $54.6M | $134.1M | 10x |
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
SoDEX 1000PEPE-USD
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Lighter 1000PEPE
Nado kPEPE-PERP