Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.163%
Price spread now: HTX against Backpack−0.047%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 7 days−0.226%−$23 on $10k
+Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.047%, 7d avg +0.019%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.066% cheaper against Backpack than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack kPEPE_USDC_PERP | 0.000004941 | 0.0100 | pay 0.0013% / 1h | 51m 35s | $75K | $990K | 15x |
| Short | HTX PEPE-USDT | 0.000004939 | 0.0100 | get 0.0100% / 8h | 5h 51m | $580K | $4.2M | 75x |
Backpack kPEPE_USDC_PERP
HTX PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Backpack. 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
- $0
- Price spread: −0.047% → +0.019%
- −$6.57
- Slippage, 4 orders
- −$13.44
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$42.01
- Costs to cover
- 0.354%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 40 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 Backpack live order book, 40 min ago | 0.10 bp | 5.6 bp −$6 | 31.0 bp −$310 | doesn't fit | doesn't fit |
| Sell HTX live order book, 5 min ago | 6.16 bp | 12.2 bp −$12 | 17.6 bp −$176 | 60.6 bp −$6,064 | doesn't fit |
PEPE on 35 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0371% | 1h | 0.000004939 | −0.053% | $4.6M | $15.8M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004943 | +0.030% | $25K | $18K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | 0.0000% | 1h | 0.000004938 | −0.069% | $57K | $115K | 25x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004943 | +0.038% | $3K | — | 150x | as long as short |
| 01 Exchange kPEPEUSD | +0.0064% | 1h | 0.000004944 | +0.053% | $596 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004941 | −0.008% | $595K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0100% | 1h | 0.000004946 | +0.098% | $146K | $943K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004944 | +0.053% | $49.9M | $155.0M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004941 | −0.008% | $57K | $195K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004942 | +0.018% | $94.2M | $442.0M | 50x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
gTrade (Gains Network) PEPE/USD
01 Exchange kPEPEUSD
Lighter 1000PEPE
Nado kPEPE-PERP
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDTShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004936 | −0.109% | $151.7M | $102.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004937 | −0.089% | $24.9M | $75.9M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004943 | +0.026% | $43.5M | $230.9M | 75x | as long as short |
| Backpack kPEPE_USDC_PERPlong | +0.0100% | 1h | 0.000004941 | long leg | $75K | $990K | 15x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004937 | −0.084% | $643K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004943 | +0.036% | $27K | $570K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004945 | +0.073% | $143K | $851K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004948 | +0.130% | $2K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004941 | −0.008% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDTshort | +0.0100% | 8h | 0.000004939 | −0.047% | $580K | $4.2M | 75x | |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004933 | −0.162% | $2.3M | $8.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0110% | 8h | 0.000004944 | +0.061% | $6K | — | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0132% | 8h | 0.000004944 | +0.053% | $44.4M | $720.3M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004937 | −0.090% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0259% | 8h | 0.000004948 | +0.134% | $4.3M | $28.7M | 75x | as long as short |
| MEXC PEPE_USDT | +0.0276% | 8h | 0.000004942 | +0.006% | $102.1M | $295.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0276% | 8h | 0.000004945 | +0.080% | $128.2M | $1.52B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0280% | 1h | 0.000004942 | +0.009% | $518K | $285K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0281% | 8h | 0.000004946 | +0.096% | $1.7M | $12.5M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0284% | 1h | 0.000004940 | −0.028% | $4K | $122K | 12x | as long as short |
| Aevo 1000PEPE-PERP | +0.0288% | 1h | 0.000004939 | −0.049% | $140K | — | 3x | as long as short |
| BingX 1000PEPE-USDC | +0.0310% | 8h | 0.000004935 | −0.119% | — | $2.3M | — | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0345% | 8h | 0.000004938 | −0.061% | $32K | $30K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004942 | +0.012% | $739K | $38.8M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0839% / S −0.0953% | 1h | 0.000004000 | −19.051% | $50K | — | 100x | as long as short |
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
BloFin PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Aevo 1000PEPE-PERP
BingX 1000PEPE-USDC
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]