Funding you earn now, next payment 08:00 UTC−0.0432%/8h= −47.3% APRnext payment −$4.32 per $10,000 · paid last 24h −0.036%
Price spread now: HTX against Binance−0.196%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$390.389% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)+0.207%+$21 · spread now −0.196%, 7d avg 0.000%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and HTX is 0.196% cheaper against Binance than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of 0.000%). Swap the legs.
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 −$4.32 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 | Binance 1000PEPEUSDT | 0.000004846 | 0.0532 | pay 0.0532% / 8h | 7h 49m | $137.6M | $1.08B | 75x |
| Short | HTX PEPE-USDT | 0.000004837 | 0.0100 | get 0.0100% / 8h | 7h 49m | $549K | $3.5M | 75x |
Binance 1000PEPEUSDT
HTX PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Binance. 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
- −$90.77
- Price spread: −0.196% → 0.000%
- −$19.6
- Slippage, 4 orders
- −$16.93
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$149.3
- Costs to cover
- 0.389%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 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 Binance live order book, 10 min ago | 0.10 bp | 6.0 bp −$6 | 13.6 bp −$136 | 35.8 bp −$3,580 | doesn't fit |
| Sell HTX live order book, 5 min ago | 1.66 bp | 14.9 bp −$15 | 27.9 bp −$279 | 208.0 bp −$20.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0121% | 1h | 0.000004848 | +0.050% | $3.9M | $14.0M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004822 | −0.493% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004840 | −0.124% | $15K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004849 | +0.061% | $590K | $6.6M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004830 | −0.331% | $65.6M | $105.7M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004827 | −0.392% | $57K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004846 | −0.009% | $89.0M | $298.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004845 | −0.021% | $154.4M | $64.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004830 | −0.337% | $24.2M | $55.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004847 | +0.014% | $42.8M | $151.8M | 75x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004819 | −0.563% | $555K | $4.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004812 | −0.696% | $26K | $351K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004844 | −0.035% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDTshort | +0.0100% | 8h | 0.000004837 | −0.196% | $549K | $3.5M | 75x | |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004841 | −0.104% | $2.3M | $6.5M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0109% | 1h | 0.000004848 | +0.041% | $2K | $12K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0173% | 8h | 0.000004827 | −0.391% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004836 | −0.205% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0191% | 8h | 0.000004851 | +0.103% | $42.9M | $513.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0310% | 8h | 0.000004847 | +0.020% | $4.0M | $23.0M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0320% | 8h | 0.000004848 | +0.049% | $30K | $13K | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0352% | 1h | 0.000004831 | −0.310% | $1K | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004837 | −0.186% | $557K | $26.1M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0400% | 1h | 0.000004831 | −0.307% | $182K | $848K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0433% / S −0.0635% | 1h | 0.000004000 | −17.458% | $46K | — | 100x | as long as short |
| BingX 1000PEPE-USDC | +0.0517% | 8h | 0.000004843 | −0.062% | — | $2.3M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0528% | 1h | 0.000004822 | −0.496% | $100K | $754K | 25x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0532% | 8h | 0.000004846 | long leg | $137.6M | $1.08B | 75x | |
| MEXC PEPE_USDT | +0.0535% | 8h | 0.000004842 | −0.087% | $93.1M | $280.1M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0536% | 1h | 0.000004847 | +0.022% | $532K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0536% | 1h | 0.000004840 | −0.124% | $137K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0537% | 8h | 0.000004848 | +0.041% | $1.5M | $7.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004830 | −0.331% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0662% | 1h | 0.000004819 | −0.560% | $93K | $602K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.1196% | 1h | 0.000004849 | +0.061% | $78K | $98K | 25x | as long as short |
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
Phemex u1000PEPEUSDT
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
BingX 1000PEPE-USDC
ApeX Omni 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL