Funding you earn now, next payment 08:00 UTC+0.0467%/8h= +51.1% APRnext payment +$4.67 per $10,000 · paid last 24h +0.036%
Price spread now: Binance against HTX−0.112%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$500.502% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 3 days (all we have)+0.088%+$9 · spread now −0.112%, 7d avg −0.003%
=Funding pays, the price is against you. Binance is 0.109% cheaper against HTX than usual: you would sell low and buy high (spread −0.112% now, against its 7-day average of −0.003%). If the spread goes back, that is −$11 on $10k: about 19 hours of funding at the current rate (+$14 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.67 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 | HTX PEPE-USDT | 0.000005093 | 0.0100 | pay 0.0100% / 8h | 5h 58m | $580K | $3.6M | 75x |
| Short | Binance 1000PEPEUSDT | 0.000005088 | 0.0567 | get 0.0567% / 8h | 5h 58m | $144.1M | $1.18B | 75x |
HTX PEPE-USDT
Binance 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against HTX. 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
- $97.97
- Price spread: −0.112% → −0.003%
- −$10.92
- Slippage, 4 orders
- −$28.23
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $36.82
- Costs to cover
- 0.502%
- Break-even
- 4.4 days
Slippage from HTX: live order book, 1 min ago; Binance: live order book, 16 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 HTX live order book, 1 min ago | 8.93 bp | 17.0 bp −$17 | 41.7 bp −$417 | 126.6 bp −$12.7K | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.10 bp | 9.1 bp −$9 | 16.3 bp −$163 | 44.6 bp −$4,456 | doesn't fit |
PEPE on 34 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 | 0.000005090 | −0.072% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005081 | −0.234% | $18K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005098 | +0.092% | $63K | $128K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005079 | −0.273% | $99.1M | $327.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005085 | −0.163% | $163.1M | $72.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005089 | −0.080% | $25.4M | $61.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005091 | −0.049% | $47.4M | $167.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005100 | +0.124% | $681K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005107 | +0.265% | $27K | $424K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005095 | +0.031% | $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 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDTlong | +0.0100% | 8h | 0.000005093 | long leg | $580K | $3.6M | 75x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005089 | −0.078% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0277% | 8h | 0.000005089 | −0.084% | $46.0M | $579.8M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0297% | 8h | 0.000005096 | +0.043% | $33K | $24K | 20x | as long as short |
| BingX 1000PEPE-USDC | +0.0530% | 8h | 0.000005083 | −0.198% | — | $2.3M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0539% / S −0.0933% | 1h | 0.000005000 | −1.832% | $48K | — | 100x | as long as short |
| Phemex u1000PEPEUSDT | +0.0543% | 8h | 0.000005090 | −0.075% | $2.4M | $7.0M | 50x | as long as short |
| Aevo 1000PEPE-PERP | +0.0560% | 1h | 0.000005092 | −0.026% | $144K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0566% | 8h | 0.000005090 | −0.063% | $96.7M | $285.3M | 300x | as long as short |
| Binance 1000PEPEUSDTshort | +0.0567% | 8h | 0.000005088 | −0.112% | $144.1M | $1.18B | 75x | |
| Extended 1000PEPE-USD | +0.0568% | 1h | 0.000005089 | −0.087% | $559K | $199K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005092 | −0.026% | $914K | $30.7M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0631% | 1h | 0.000005094 | +0.014% | $2K | $12K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0657% | 1h | 0.000005104 | +0.210% | $106K | $749K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0675% | 8h | 0.000005089 | −0.088% | $1.7M | $8.3M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0698% | 8h | 0.000005099 | +0.118% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0733% | 1h | 0.000005090 | −0.065% | $62K | $114K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0814% | 1h | 0.000005086 | −0.134% | $99K | $610K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +0.230% | $4K | $102K | 12x | as long as short |
| Nado kPEPE-PERP | +0.1119% | 1h | 0.000005089 | −0.093% | $193K | $857K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1120% | 1h | 0.000005100 | +0.132% | $615 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1367% | 1h | 0.000005090 | −0.056% | $4.1M | $14.6M | 50x | as long as short |
| Lighter 1000PEPE | +0.1520% | 1h | 0.000005103 | +0.190% | $1.1M | $7.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.1816% | 1h | 0.000005096 | +0.053% | $56.3M | $136.5M | 10x | as long as short |
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BingX 1000PEPE-USDC
GMX PEPE/USD [ETH-USDC]
Phemex u1000PEPEUSDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Extended 1000PEPE-USD
Coinbase International 1000PEPE-PERP-INTX
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE