Funding you earn now, next payment 23:00 UTC−0.0273%/8h= −29.9% APRnext payment −$0.34 per $10,000 · paid last 24h +0.060%
Price spread now: Hyperliquid against Deribit+0.041%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.416%+$42 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
The price spread pays, funding is against you. Hyperliquid is 0.041% dearer against Deribit than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.416%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004821 | 0.0373 | pay 0.0047% / 1h | 31m 40s | $81K | $94K | 25x |
| Short | Hyperliquid kPEPE | 0.000004823 | 0.0100 | get 0.0013% / 1h | 31m 40s | $62.1M | $79.0M | 10x |
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Deribit. 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
- −$57.26
- Price spread: +0.041% → 0.000%
- $4.15
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$69.11
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Hyperliquid: live order book, 12 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 12 min ago | 1.03 bp | 9.2 bp −$9 | 14.5 bp −$145 | doesn't fit | doesn't fit |
Deribit: 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 | 0.000004822 | +0.019% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004818 | −0.058% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004829 | +0.166% | $577K | $5.5M | 10x | as long as short |
| Hyperliquid kPEPEshort | +0.0100% | 1h | 0.000004823 | +0.041% | $62.1M | $79.0M | 10x | |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004824 | +0.062% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004823 | +0.041% | $87.2M | $280.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004821 | 0.000% | $150.8M | $62.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004825 | +0.093% | $24.7M | $54.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004851 | +0.621% | $581K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004847 | +0.542% | $27K | $344K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004830 | +0.197% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004822 | +0.021% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004822 | +0.023% | $545K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0148% | 8h | 0.000004821 | 0.000% | $42.4M | $151.7M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004820 | −0.029% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0205% | 8h | 0.000004824 | +0.062% | $41.8M | $492.2M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0213% / S −0.0092% | 1h | 0.000004000 | −17.030% | $54K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0324% | 8h | 0.000004829 | +0.166% | $3.9M | $22.2M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0359% | 8h | 0.000004826 | +0.110% | $5K | $16 | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0373% | 1h | 0.000004821 | long leg | $81K | $94K | 25x | |
| Phemex u1000PEPEUSDT | +0.0406% | 8h | 0.000004828 | +0.139% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0440% | 1h | 0.000004824 | +0.062% | $553 | $2K | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0445% | 8h | 0.000004822 | +0.017% | $29K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004818 | −0.062% | $585K | $25.6M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0585% | 1h | 0.000004822 | +0.031% | $92K | $615K | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0709% | 1h | 0.000004846 | +0.519% | $103K | $764K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0741% | 1h | 0.000004820 | −0.018% | $185K | $855K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0799% | 8h | 0.000004823 | +0.052% | — | $256.1M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0816% | 8h | 0.000004824 | +0.066% | $130.6M | $1.03B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0821% | 8h | 0.000004823 | +0.052% | $91.5M | $284.0M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0824% | 1h | 0.000004823 | +0.032% | $532K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0824% | 1h | 0.000004824 | +0.062% | $136K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0842% | 8h | 0.000004827 | +0.133% | $1.5M | $7.0M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004822 | +0.021% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1323% | 1h | 0.000004821 | +0.006% | $3.9M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD