Funding you earn now, next payment 08:00 UTC−0.0326%/8h= −35.7% APRnext payment −$3.26 per $10,000 · paid last 24h −0.009%
Price spread now: HTX against OKX+0.094%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1181.179% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.094%, 7d avg +0.032%
=The price spread pays, funding is against you. HTX is 0.062% dearer against OKX than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.032%): +$6 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 7 days funding on this pair paid +0.053%, 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 0.053% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.26 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 | OKX PEPE-USDT-SWAP | 0.000005204 | 0.0426 | pay 0.0426% / 8h | 3h 13m | $50.3M | $675.8M | 50x |
| Short | HTX PEPE-USDT | 0.000005209 | 0.0100 | get 0.0100% / 8h | 3h 13m | $586K | $4.0M | 75x |
OKX PEPE-USDT-SWAP
HTX PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against OKX. 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
- −$68.51
- Price spread: +0.094% → +0.032%
- $6.21
- Slippage, 4 orders
- −$95.94
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$180.25
- Costs to cover
- 1.179%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; HTX: live order book, 5 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 OKX live order book, 5 min ago | 0.95 bp | 7.8 bp −$8 | 13.4 bp −$134 | 47.3 bp −$4,735 | doesn't fit |
| Sell HTX live order book, 5 min ago | 16.71 bp | 29.0 bp −$29 | 87.9 bp −$879 | 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 | 0.000005206 | +0.039% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005199 | −0.104% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +2.364% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005209 | +0.096% | $65K | $163K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005201 | −0.060% | $105.5M | $384.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005199 | −0.096% | $171.3M | $89.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005206 | +0.033% | $26.0M | $68.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005212 | +0.146% | $663K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005246 | +0.809% | $29K | $535K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005210 | +0.111% | $1K | $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-USDTshort | +0.0100% | 8h | 0.000005209 | +0.094% | $586K | $4.0M | 75x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005212 | +0.156% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0321% | 8h | 0.000005203 | −0.015% | $50.6M | $191.3M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0402% | 8h | 0.000005209 | +0.104% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0426% | 8h | 0.000005204 | long leg | $50.3M | $675.8M | 50x | |
| SoDEX 1000PEPE-USD | +0.0435% | 1h | 0.000005208 | +0.077% | $2K | $10K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0493% | 8h | 0.000005201 | −0.065% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0560% | 8h | 0.000005210 | +0.115% | $4.8M | $28.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0681% | 8h | 0.000005207 | +0.048% | $2.5M | $7.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0711% | 1h | 0.000005208 | +0.077% | $74K | $126K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005214 | +0.192% | $725K | $36.3M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0769% | 8h | 0.000005198 | −0.119% | — | $2.3M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0807% | 1h | 0.000005244 | +0.769% | $161K | $810K | 25x | as long as short |
| Extended 1000PEPE-USD | +0.0816% | 1h | 0.000005207 | +0.050% | $553K | $236K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0816% | 1h | 0.000005212 | +0.154% | $147K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0817% | 8h | 0.000005207 | +0.056% | $98.8M | $296.7M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0818% | 8h | 0.000005203 | −0.022% | $149.8M | $1.34B | 75x | as long as short |
| Nado kPEPE-PERP | +0.0863% | 1h | 0.000005213 | +0.173% | $187K | $918K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0910% | 8h | 0.000005208 | +0.073% | $1.8M | $10.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0968% | 1h | 0.000005214 | +0.192% | $629 | $3K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0989% / S −0.1991% | 1h | 0.000005000 | −3.920% | $64K | — | 100x | as long as short |
| Lighter 1000PEPE | +0.1128% | 1h | 0.000005209 | +0.096% | $621K | $8.8M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1137% | 1h | 0.000005204 | −0.004% | $68K | $724K | 15x | as long as short |
| Hyperliquid kPEPE | +0.1509% | 1h | 0.000005210 | +0.115% | $56.7M | $146.2M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1568% | 1h | 0.000005206 | +0.037% | $4.8M | $16.4M | 50x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
ApeX Omni 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Nado kPEPE-PERP
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE
Kraken Futures PF_PEPEUSD