Funding you earn now, next payment 05:00 UTC−0.0580%/8h= −63.5% APRpaid last 24h −0.080%
Price spread now: HTX against Coinbase International−0.247%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$660.661% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)+0.358%+$36 · spread now −0.247%, 7d avg +0.010%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and HTX is 0.257% cheaper against Coinbase International than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.011% in total (about 0.6% a year). A funding rate is set anew for every payment. 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 | Coinbase International 1000PEPE-PERP-INTX | 0.000005152 | 0.0680 | pay 0.0085% / 1h | 5m 26s | $690K | $38.1M | 50x |
| Short | HTX PEPE-USDT | 0.000005139 | 0.0100 | get 0.0100% / 8h | 2h 05m | $584K | $4.2M | 75x |
Coinbase International 1000PEPE-PERP-INTX
HTX PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Coinbase International. 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
- −$121.8
- Price spread: −0.247% → +0.010%
- −$25.68
- Slippage, 4 orders
- −$44.06
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$213.54
- Costs to cover
- 0.661%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; HTX: live order book, 3 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 Coinbase International live order book, 4 min ago | 3.88 bp | 10.7 bp −$11 | 16.3 bp −$163 | 57.0 bp −$5,701 | doesn't fit |
| Sell HTX live order book, 3 min ago | 14.93 bp | 21.3 bp −$21 | 24.7 bp −$247 | 89.3 bp −$8,927 | 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 | 0.000005129 | −0.437% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0007% | 1h | 0.000005125 | −0.532% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005135 | −0.330% | $59K | $178K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005124 | −0.543% | $100.2M | $410.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005129 | −0.446% | $162.4M | $95.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005126 | −0.509% | $26.0M | $71.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005136 | −0.318% | $614K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005161 | +0.176% | $28K | $539K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005144 | −0.153% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDTshort | +0.0100% | 8h | 0.000005139 | −0.247% | $584K | $4.2M | 75x |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0167% | 1h | 0.000005151 | −0.019% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005125 | −0.518% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0321% | 8h | 0.000005124 | −0.534% | $45.6M | $212.8M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0382% | 8h | 0.000005146 | −0.109% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0421% | 8h | 0.000005126 | −0.505% | $47.5M | $711.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0541% | 8h | 0.000005129 | −0.445% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0549% | 8h | 0.000005159 | +0.136% | $4.3M | $29.3M | 75x | as long as short |
| Lighter 1000PEPE | +0.0592% | 1h | 0.000005134 | −0.349% | $619K | $9.1M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0625% | 8h | 0.000005146 | −0.111% | $2.4M | $8.0M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0652% | 1h | 0.000005146 | −0.124% | $67K | $843K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0659% | 1h | 0.000005125 | −0.526% | $160K | $952K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005127 | −0.485% | $618 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0680% | 1h | 0.000005152 | long leg | $690K | $38.1M | 50x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0722% | 1h | 0.000005149 | −0.058% | $73K | $127K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0737% | 1h | 0.000005159 | +0.136% | $156K | $817K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0760% | 8h | 0.000005129 | −0.448% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0793% | 8h | 0.000005128 | −0.472% | $142.6M | $1.43B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0797% | 8h | 0.000005126 | −0.507% | $98.4M | $304.8M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005128 | −0.459% | $544K | $281K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005148 | −0.078% | $146K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0826% | 8h | 0.000005128 | −0.473% | $1.8M | $11.4M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0829% | 1h | 0.000005149 | −0.064% | $4.7M | $16.8M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1023% | 1h | 0.000005132 | −0.388% | $54.8M | $153.7M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1131% / S −0.2351% | 1h | 0.000005000 | −2.950% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005158 | +0.116% | $10K | $119K | 12x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Lighter 1000PEPE
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP