Funding you earn now, next payment 05:00 UTC−0.1350%/8h= −147.8% APRpaid last 24h −0.140%
Price spread now: Orderly against Hyperliquid−0.131%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Orderly is 0.131% cheaper against Hyperliquid than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid kPEPE | 0.000005324 | 0.1726 | pay 0.0216% / 1h | 49m 25s | $58.2M | $144.2M | 10x |
| Short | Orderly PERP_1000PEPE_USDC | 0.000005317 | 0.0376 | get 0.0376% / 8h | 3h 49m | $36K | $26K | 20x |
Hyperliquid kPEPE
Orderly PERP_1000PEPE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Hyperliquid. 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
- −$283.5
- Price spread: −0.131% → 0.000%
- −$13.15
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$311.65
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.
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 Hyperliquid live order book, 4 min ago | 0.94 bp | 5.4 bp −$5 | 18.5 bp −$185 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.000005311 | −0.242% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005308 | −0.299% | $15K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005381 | +1.071% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005321 | −0.056% | $69K | $153K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005309 | −0.274% | $103.8M | $369.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005310 | −0.263% | $175.5M | $85.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005315 | −0.173% | $26.9M | $67.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005323 | −0.027% | $765K | $5.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005303 | −0.391% | $38K | $492K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005331 | +0.122% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
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-USDT | +0.0100% | 8h | 0.000005335 | +0.205% | $615K | $3.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005315 | −0.176% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0253% | 8h | 0.000005319 | −0.085% | $51.6M | $186.1M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDCshort | +0.0376% | 8h | 0.000005317 | −0.131% | $36K | $26K | 20x | |
| OKX PEPE-USDT-SWAP | +0.0416% | 8h | 0.000005317 | −0.131% | $52.3M | $672.6M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0531% | 8h | 0.000005341 | +0.319% | $4.6M | $28.1M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0620% | 8h | 0.000005338 | +0.254% | $2.6M | $7.4M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005333 | +0.169% | $718K | $36.3M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0754% | 8h | 0.000005313 | −0.203% | — | $2.3M | — | as long as short |
| SoDEX 1000PEPE-USD | +0.0780% | 1h | 0.000005330 | +0.113% | $2K | $10K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005323 | −0.023% | $566K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005334 | +0.188% | $151K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0803% | 8h | 0.000005318 | −0.118% | $103.7M | $292.1M | 300x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0803% | 8h | 0.000005322 | −0.047% | $6K | — | 20x | as long as short |
| Binance 1000PEPEUSDT | +0.0804% | 8h | 0.000005316 | −0.145% | $153.9M | $1.30B | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0877% | 1h | 0.000005331 | +0.131% | $76K | $126K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0885% / S −0.1727% | 1h | 0.000005000 | −6.086% | $65K | — | 100x | as long as short |
| Nado kPEPE-PERP | +0.0885% | 1h | 0.000005322 | −0.044% | $190K | $914K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0932% | 8h | 0.000005316 | −0.159% | $1.9M | $9.9M | 50x | as long as short |
| Lighter 1000PEPE | +0.1144% | 1h | 0.000005322 | −0.038% | $675K | $8.5M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1280% | 1h | 0.000005324 | 0.000% | $642 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1455% | 1h | 0.000005334 | +0.182% | $72K | $722K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1532% | 1h | 0.000005329 | +0.091% | $4.9M | $16.3M | 50x | as long as short |
| Hyperliquid kPEPElong | +0.1726% | 1h | 0.000005324 | long leg | $58.2M | $144.2M | 10x | |
| ApeX Omni 1000PEPEUSDT | +0.2018% | 1h | 0.000005320 | −0.075% | $176K | $798K | 25x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
SoDEX 1000PEPE-USD
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Paradex kPEPE-USD-PERP
Binance 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
GMX PEPE/USD [ETH-USDC]
Nado kPEPE-PERP
Aster 1000PEPEUSDT
Lighter 1000PEPE
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
ApeX Omni 1000PEPEUSDT