Funding you earn now, next payment 00:00 UTC−0.0549%/8h= −60.1% APRnext payment −$5.49 per $10,000 · paid last 24h +0.015%
Price spread now: HTX against Binance−0.087%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$440.444% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 3 days (all we have)+0.097%+$10 · spread now −0.087%, 7d avg 0.000%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and HTX is 0.087% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of 0.000%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.49 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 | Binance 1000PEPEUSDT | 0.000004787 | 0.0649 | pay 0.0649% / 8h | 38m 11s | $131.0M | $1.06B | 75x |
| Short | HTX PEPE-USDT | 0.000004783 | 0.0100 | get 0.0100% / 8h | 38m 11s | $542K | $3.5M | 75x |
Binance 1000PEPEUSDT
HTX PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Binance. 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
- −$115.29
- Price spread: −0.087% → 0.000%
- −$8.67
- Slippage, 4 orders
- −$22.44
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$168.4
- Costs to cover
- 0.444%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; HTX: live order book, 1 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 Binance live order book, 6 min ago | 0.10 bp | 5.3 bp −$5 | 10.2 bp −$102 | 35.6 bp −$3,563 | doesn't fit |
| Sell HTX live order book, 1 min ago | 6.68 bp | 13.9 bp −$14 | 24.4 bp −$244 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0147% | 1h | 0.000004783 | −0.089% | $65.1M | $91.6M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004782 | −0.112% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004783 | −0.085% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004787 | +0.003% | $3.8M | $13.6M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004784 | −0.068% | $59K | $116K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004785 | −0.052% | $86.0M | $289.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004784 | −0.068% | $149.7M | $64.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004787 | −0.008% | $24.5M | $54.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004786 | −0.016% | $42.3M | $150.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004793 | +0.118% | $587K | $4.1M | — | as long as short |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004796 | +0.185% | $26K | $348K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004796 | +0.182% | $101K | $760K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004794 | +0.132% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004787 | −0.006% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDTshort | +0.0100% | 8h | 0.000004783 | −0.087% | $542K | $3.5M | 75x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004789 | +0.036% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0194% | 8h | 0.000004786 | −0.027% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0195% | 8h | 0.000004789 | +0.030% | $2.3M | $6.4M | 50x | as long as short |
| Lighter 1000PEPE | +0.0200% | 1h | 0.000004790 | +0.057% | $607K | $6.3M | 10x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0208% | 8h | 0.000004788 | +0.015% | $41.5M | $497.3M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0240% | 1h | 0.000004792 | +0.099% | $549 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0332% | 8h | 0.000004791 | +0.078% | $3.9M | $22.3M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0371% / S −0.0419% | 1h | 0.000004000 | −16.445% | $42K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004792 | +0.099% | $577K | $25.7M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0405% | 8h | 0.000004790 | +0.053% | $30K | $12K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0432% | 1h | 0.000004787 | +0.001% | $91K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004798 | +0.224% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0586% | 1h | 0.000004788 | +0.015% | $77K | $98K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0643% | 8h | 0.000004787 | −0.004% | — | $256.6M | — | as long as short |
| Extended 1000PEPE-USD | +0.0648% | 1h | 0.000004787 | −0.016% | $526K | $148K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0648% | 8h | 0.000004789 | +0.032% | $92.1M | $280.4M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0648% | 1h | 0.000004786 | −0.027% | $135K | — | 3x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0649% | 8h | 0.000004787 | long leg | $131.0M | $1.06B | 75x | |
| Aster 1000PEPEUSDT | +0.0653% | 8h | 0.000004785 | −0.053% | $1.5M | $7.2M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0767% | 1h | 0.000004791 | +0.088% | $183K | $849K | 10x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Lighter 1000PEPE
OKX PEPE-USDT-SWAP
01 Exchange kPEPEUSD
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Nado kPEPE-PERP