Funding you earn now, next payment 08:00 UTC−0.0243%/8h= −26.6% APRnext payment −$2.43 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against Bitget+0.134%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$700.696% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.134%, 7d avg +0.008%
=The price spread pays, funding is against you. HTX is 0.126% dearer against Bitget than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of +0.008%): +$13 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 41 hours. Mind the row above: over the last 7 days funding on this pair paid +0.087%, 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 0.087% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.43 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 | Bitget PEPEUSDT | 0.000005017 | 0.0343 | pay 0.0343% / 8h | 2h 49m | $45.5M | $208.5M | 75x |
| Short | HTX PEPE-USDT | 0.000005024 | 0.0100 | get 0.0100% / 8h | 2h 49m | $561K | $4.1M | 75x |
Bitget PEPEUSDT
HTX PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Bitget. 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
- −$51.03
- Price spread: +0.134% → +0.008%
- $12.59
- Slippage, 4 orders
- −$45.56
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$108
- Costs to cover
- 0.696%
- Break-even
- never at this rate
Slippage from Bitget: 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 Bitget live order book, 4 min ago | 2.51 bp | 9.2 bp −$9 | 11.5 bp −$115 | 34.2 bp −$3,420 | doesn't fit |
| Sell HTX live order book, 4 min ago | 12.35 bp | 29.4 bp −$29 | 44.1 bp −$441 | 168.0 bp −$16.8K | 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 | 0.000005009 | −0.154% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005011 | −0.112% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005016 | −0.016% | $58K | $176K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005014 | −0.048% | $98.6M | $399.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005011 | −0.116% | $160.1M | $92.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005017 | −0.006% | $25.1M | $70.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005035 | +0.355% | $596K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004979 | −0.745% | $27K | $536K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005021 | +0.092% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDTshort | +0.0100% | 8h | 0.000005024 | +0.134% | $561K | $4.1M | 75x |
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005018 | +0.032% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0306% | 1h | 0.000005017 | +0.004% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDTlong | +0.0343% | 8h | 0.000005017 | long leg | $45.5M | $208.5M | 75x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0349% | 1h | 0.000005015 | −0.036% | $72K | $127K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0409% | 8h | 0.000005019 | +0.044% | $46.5M | $678.6M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0414% | 8h | 0.000005018 | +0.014% | $33K | $27K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0531% | 8h | 0.000005038 | +0.423% | $4.8M | $27.9M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0544% | 8h | 0.000005019 | +0.040% | $6K | — | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0585% | 1h | 0.000004982 | −0.694% | $153K | $812K | 25x | as long as short |
| Lighter 1000PEPE | +0.0640% | 1h | 0.000005020 | +0.064% | $600K | $9.0M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0664% | 1h | 0.000005012 | −0.090% | $73K | $826K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005028 | +0.223% | $620K | $36.7M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0696% | 8h | 0.000005015 | −0.040% | $2.4M | $7.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0704% | 1h | 0.000005031 | +0.283% | $607 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0766% | 8h | 0.000005015 | −0.044% | — | $238.3M | — | as long as short |
| Nado kPEPE-PERP | +0.0780% | 1h | 0.000005024 | +0.149% | $169K | $940K | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005042 | +0.502% | $143K | — | 3x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000005015 | −0.027% | $533K | $262K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0809% | 8h | 0.000005016 | −0.014% | $142.1M | $1.39B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0809% | 8h | 0.000005019 | +0.052% | $96.8M | $298.6M | 300x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0852% | 1h | 0.000005012 | −0.094% | $4.6M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0881% | 8h | 0.000005017 | −0.006% | $1.7M | $11.0M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1051% / S −0.1949% | 1h | 0.000005000 | −0.335% | $64K | — | 100x | as long as short |
| Hyperliquid kPEPE | +0.1059% | 1h | 0.000005019 | +0.044% | $53.3M | $150.6M | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000004976 | −0.813% | $3K | $111K | 12x | as long as short |
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
ApeX Omni 1000PEPEUSDT
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
BingX 1000PEPE-USDT
Nado kPEPE-PERP
Aevo 1000PEPE-PERP
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Hyperliquid kPEPE
Injective PEPE/USDC PERP