Funding you earn now, next payment 16:00 UTC+0.0205%/8h= +22.4% APRnext payment +$2.05 per $10,000 · paid last 24h +0.041%
Price spread now: Phemex against HTX−0.142%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$640.639% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)+0.210%+$21 · spread now −0.142%, 7d avg +0.015%
=Funding pays, the price is against you. Phemex is 0.157% cheaper against HTX than usual: you would sell low and buy high (spread −0.142% now, against its 7-day average of +0.015%). If the spread goes back, that is −$16 on $10k: about 2.6 days of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.05 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 | 0.000005123 | 0.0100 | pay 0.0100% / 8h | 7h 41m | $599K | $4.2M | 75x |
| Short | Phemex u1000PEPEUSDT | 0.000005116 | 0.0305 | get 0.0305% / 8h | 7h 41m | $2.4M | $8.1M | 50x |
HTX PEPE-USDT
Phemex u1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $43
- Price spread: −0.142% → +0.015%
- −$15.71
- Slippage, 4 orders
- −$39.93
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$36.63
- Costs to cover
- 0.639%
- Break-even
- 13.0 days
Slippage from HTX: live order book, 2 min ago; Phemex: live order book, 2 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, 2 min ago | 3.41 bp | 9.8 bp −$10 | 28.6 bp −$286 | 100.8 bp −$10.1K | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.63 bp | 17.6 bp −$18 | 31.1 bp −$311 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005112 | −0.213% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005110 | −0.256% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005119 | −0.078% | $60K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005115 | −0.162% | $98.5M | $435.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005113 | −0.195% | $162.4M | $99.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005122 | −0.026% | $642K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005134 | +0.220% | $28K | $551K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005127 | +0.076% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDTlong | +0.0100% | 8h | 0.000005123 | long leg | $599K | $4.2M | 75x | |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005128 | +0.098% | $7K | $121K | 12x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
Injective PEPE/USDC PERPShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0149% | 1h | 0.000005116 | −0.137% | $2K | $11K | 10x | as long as short |
| KuCoin PEPEUSDTM | +0.0161% | 8h | 0.000005117 | −0.115% | $26.7M | $74.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005116 | −0.143% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0214% | 8h | 0.000005115 | −0.162% | $46.1M | $222.2M | 75x | as long as short |
| Phemex u1000PEPEUSDTshort | +0.0305% | 8h | 0.000005116 | −0.142% | $2.4M | $8.1M | 50x | |
| OKX PEPE-USDT-SWAP | +0.0336% | 8h | 0.000005119 | −0.078% | $47.0M | $748.6M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0374% | 1h | 0.000005128 | +0.098% | $149K | $837K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0427% | 8h | 0.000005118 | −0.103% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0434% | 8h | 0.000005115 | −0.148% | $34K | $26K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0439% | 1h | 0.000005115 | −0.152% | $76K | $895K | 15x | as long as short |
| BloFin PEPE-USDT | +0.0457% | 8h | 0.000005121 | −0.039% | $4.5M | $30.4M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005121 | −0.039% | $673K | $39.8M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0517% | 1h | 0.000005120 | −0.059% | $53.0M | $160.3M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0552% | 1h | 0.000005122 | −0.020% | $618 | $2K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0620% | 1h | 0.000005112 | −0.207% | $4.8M | $16.5M | 50x | as long as short |
| Lighter 1000PEPE | +0.0624% | 1h | 0.000005121 | −0.039% | $614K | $9.0M | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0646% | 8h | 0.000005119 | −0.082% | — | $2.3M | — | as long as short |
| Nado kPEPE-PERP | +0.0665% | 1h | 0.000005118 | −0.093% | $164K | $965K | 10x | as long as short |
| Binance 1000PEPEUSDT | +0.0669% | 8h | 0.000005117 | −0.117% | $141.3M | $1.51B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0672% | 1h | 0.000005115 | −0.149% | $539K | $280K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0672% | 8h | 0.000005118 | −0.092% | $100.7M | $306.7M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0672% | 1h | 0.000005116 | −0.137% | $145K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0685% | 8h | 0.000005119 | −0.076% | $1.7M | $12.0M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0728% | 1h | 0.000005115 | −0.156% | $73K | $128K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1019% / S −0.1149% | 1h | 0.000005000 | −2.401% | $51K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
Hyperliquid kPEPE
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE
BingX 1000PEPE-USDC
Nado kPEPE-PERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
GMX PEPE/USD [ETH-USDC]