Funding you earn now, next payment 01:00 UTC+0.1966%/8h= +215.3% APRpaid last 24h +0.068%
Price spread now: Hyperliquid against edgeX+0.956%7-day average +0.124% · you sell dearer than you buy
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs+$52as in the Price arb table
costs, in and out, $10k−$310.315% of the position
Funding, last 7 days+0.359%+$36 on $10k
+Price spread, last 3 days (all we have)−0.926%−$93 · spread now +0.956%, 7d avg +0.124%
=Together, before fees−0.568%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$57 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$59 a day on $10k at the current rate, and Hyperliquid is 0.832% dearer against edgeX than usual: you sell high and buy low: +$83 more if the spread goes back to its 7-day average of +0.124%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.359% in total (about 18.7% 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 | edgeX 1000PEPEUSDC | 0.000005026 | 0.0100 | pay 0.0050% / 4h | 3h 09m | $52K | $379K | 20x |
| Short | Hyperliquid kPEPE | 0.000005074 | 0.2066 | get 0.0258% / 1h | 9m 33s | $56.5M | $132.2M | 10x |
edgeX 1000PEPEUSDC
Hyperliquid kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against edgeX. 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
- $412.92
- Price spread: +0.956% → +0.124%
- $83.22
- Slippage, 4 orders
- −$13.49
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $464.66
- Costs to cover
- 0.315%
- Break-even
- from the start
Slippage from edgeX: live order book, 64 min ago; Hyperliquid: live order book, 4 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 edgeX live order book, 64 min ago | 0.85 bp | 5.5 bp −$5 | 9.0 bp −$90 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.97 bp | 12.1 bp −$12 | 27.6 bp −$276 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0116% | 1h | 0.000005032 | +0.126% | $3.9M | $14.3M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005055 | +0.571% | $19K | $95 | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | 0.0000% | 1h | 0.000005029 | +0.061% | $61K | $114K | 25x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005040 | +0.278% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005057 | +0.618% | $59K | $120K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005084 | +1.161% | $95.8M | $310.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005075 | +0.976% | $163.1M | $68.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005080 | +1.075% | $25.8M | $57.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005080 | +1.083% | $45.1M | $155.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005026 | −0.006% | $588K | $4.4M | — | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDClong | +0.0100% | 4h | 0.000005026 | long leg | $52K | $379K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005037 | +0.222% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005032 | +0.120% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005047 | +0.425% | $565K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005039 | +0.264% | $2.4M | $6.8M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005047 | +0.425% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0195% | 8h | 0.000005089 | +1.255% | $45.2M | $549.9M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0236% | 1h | 0.000005028 | +0.041% | $110K | $753K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0273% | 8h | 0.000005027 | +0.021% | $31K | $14K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0279% | 8h | 0.000005079 | +1.053% | $6K | $16 | 20x | as long as short |
| BloFin PEPE-USDT | +0.0315% | 8h | 0.000005031 | +0.100% | $4.1M | $24.2M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000005033 | +0.140% | $601K | $28.0M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0459% | 8h | 0.000005080 | +1.085% | — | $257.6M | — | as long as short |
| Extended 1000PEPE-USD | +0.0472% | 1h | 0.000005082 | +1.121% | $558K | $199K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0475% | 8h | 0.000005079 | +1.060% | $100.3M | $291.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0476% | 8h | 0.000005086 | +1.185% | $141.0M | $1.12B | 75x | as long as short |
| Aevo 1000PEPE-PERP | +0.0480% | 1h | 0.000005025 | −0.019% | $142K | — | 3x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0493% / S −0.0454% | 1h | 0.000005000 | −0.516% | $59K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0530% | 8h | 0.000005051 | +0.492% | $1.5M | $7.5M | 50x | as long as short |
| Lighter 1000PEPE | +0.0552% | 1h | 0.000005065 | +0.777% | $669K | $6.9M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0552% | 1h | 0.000005052 | +0.524% | $189K | $861K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0624% | 1h | 0.000005041 | +0.299% | $95K | $601K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0632% | 1h | 0.000005089 | +1.255% | $1K | $2K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000005043 | +0.339% | $4K | $102K | 12x | as long as short |
| Hyperliquid kPEPEshort | +0.2066% | 1h | 0.000005074 | +0.956% | $56.5M | $132.2M | 10x |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Lighter 1000PEPE
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP