Funding you earn now, next payment 07:00 UTC−0.0426%/8h= −46.7% APRpaid last 24h −0.094%
Price spread now: HTX against Deribit+0.006%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$880.876% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.006%, 7d avg +0.024%
=The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.004% in total (about -0.2% a year). A funding rate is set anew for every payment. 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 | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005158 | 0.0526 | pay 0.0066% / 1h | 41m 09s | $74K | $127K | 25x |
| Short | HTX PEPE-USDT | 0.000005158 | 0.0100 | get 0.0100% / 8h | 1h 41m | $595K | $4.2M | 75x |
Deribit 1000PEPE_USDC-PERPETUAL
HTX PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Deribit. 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
- −$89.48
- Price spread: +0.006% → +0.024%
- −$1.86
- Slippage, 4 orders
- −$68.65
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$178.98
- Costs to cover
- 0.876%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 33 min ago; HTX: live order book, 3 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 Deribit live order book, 33 min ago | 27.35 bp | 30.8 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 3 min ago | 6.86 bp | 13.0 bp −$13 | 27.6 bp −$276 | 93.6 bp −$9,356 | 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 | 0.000005138 | −0.388% | $10K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005156 | −0.046% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005154 | −0.078% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005159 | +0.019% | $60K | $180K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005152 | −0.114% | $101.4M | $415.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005154 | −0.078% | $164.8M | $96.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005157 | −0.017% | $26.0M | $72.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005133 | −0.492% | $612K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005145 | −0.247% | $28K | $543K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005164 | +0.109% | $1K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDTshort | +0.0100% | 8h | 0.000005158 | +0.006% | $595K | $4.2M | 75x | |
| SoDEX 1000PEPE-USD | +0.0163% | 1h | 0.000005157 | −0.019% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005161 | +0.058% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0295% | 8h | 0.000005151 | −0.132% | $46.1M | $214.6M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0382% | 8h | 0.000005159 | +0.016% | $34K | $26K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0400% | 1h | 0.000005155 | −0.050% | $74K | $855K | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0421% | 8h | 0.000005154 | −0.078% | $48.2M | $727.6M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0453% | 1h | 0.000005155 | −0.058% | $4.7M | $16.8M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0456% | 1h | 0.000005149 | −0.174% | $156K | $821K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0505% | 8h | 0.000005159 | +0.022% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0526% | 1h | 0.000005158 | long leg | $74K | $127K | 25x | |
| BloFin PEPE-USDT | +0.0545% | 8h | 0.000005156 | −0.039% | $4.6M | $29.6M | 75x | as long as short |
| Lighter 1000PEPE | +0.0560% | 1h | 0.000005159 | +0.019% | $616K | $9.0M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0563% | 8h | 0.000005158 | −0.008% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005162 | +0.078% | $662K | $38.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0664% | 1h | 0.000005166 | +0.155% | $623 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0735% | 8h | 0.000005153 | −0.105% | — | $217.5M | — | as long as short |
| Nado kPEPE-PERP | +0.0739% | 1h | 0.000005145 | −0.243% | $164K | $957K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0768% | 1h | 0.000005155 | −0.067% | $547K | $286K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0772% | 8h | 0.000005156 | −0.047% | $142.8M | $1.45B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0772% | 8h | 0.000005157 | −0.019% | $99.5M | $303.2M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0776% | 1h | 0.000005163 | +0.097% | $146K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0781% | 8h | 0.000005160 | +0.035% | $1.8M | $11.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0996% | 1h | 0.000005160 | +0.039% | $55.3M | $154.8M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2351% | 1h | 0.000005000 | −3.063% | $63K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSD
ApeX Omni 1000PEPEUSDT
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Lighter 1000PEPE
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
BingX 1000PEPE-USDT
Nado kPEPE-PERP
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]