Funding you earn now, next payment 04:00 UTC+0.0747%/8h= +81.7% APRnext payment +$0.93 per $10,000 · paid last 24h +0.063%
Price spread now: Hyperliquid against Extended+0.120%7-day average +0.147% · you sell dearer than you buy
Net, funding: paid 7d − costs+$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$290.290% of the position
Funding, last 7 days+0.395%+$39 on $10k
+Price spread, last 4 days (all we have)+0.098%+$10 · spread now +0.120%, 7d avg +0.147%
=Together, before fees+0.493%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$49 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.027% cheaper against Extended than usual: you would sell low and buy high (spread +0.120% now, against its 7-day average of +0.147%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.395% in total) that is about 12 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.395% in total (about 20.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.93 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 | Extended 1000PEPE-USD | 0.000005049 | 0.0680 | pay 0.0085% / 1h | 45m 17s | $532K | $226K | 25x |
| Short | Hyperliquid kPEPE | 0.000005055 | 0.1427 | get 0.0178% / 1h | 45m 17s | $54.1M | $140.1M | 10x |
Extended 1000PEPE-USD
Hyperliquid kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- $156.77
- Price spread: +0.120% → +0.147%
- −$2.72
- Slippage, 4 orders
- −$15.01
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $125.04
- Costs to cover
- 0.290%
- Break-even
- 1.4 days
Slippage from Extended: live order book, 12 min ago; Hyperliquid: live order book, 9 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 Extended live order book, 12 min ago | 2.98 bp | 7.4 bp −$7 | 42.8 bp −$428 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.99 bp | 8.1 bp −$8 | 12.9 bp −$129 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005032 | −0.344% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005042 | −0.133% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005042 | −0.137% | $64K | $140K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005050 | +0.019% | $99.0M | $345.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005048 | −0.019% | $166.6M | $75.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005049 | −0.005% | $26.1M | $63.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005034 | −0.304% | $675K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005021 | −0.560% | $31K | $452K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005051 | +0.043% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005051 | +0.051% | $575K | $3.7M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0164% | 8h | 0.000005051 | +0.047% | $46.2M | $174.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005050 | +0.017% | $8K | — | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005044 | −0.098% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0332% | 8h | 0.000005053 | +0.090% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0362% | 8h | 0.000005055 | +0.120% | $45.3M | $596.9M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0480% | 8h | 0.000005048 | −0.019% | $4.4M | $25.3M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0565% | 1h | 0.000005051 | +0.041% | $2K | $12K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0635% | 8h | 0.000005039 | −0.203% | — | $2.3M | — | as long as short |
| Phemex u1000PEPEUSDT | +0.0637% | 8h | 0.000005052 | +0.061% | $2.4M | $7.1M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0663% | 1h | 0.000005021 | −0.553% | $100K | $742K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0665% / S −0.0915% | 1h | 0.000005000 | −0.969% | $45K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0671% | 8h | 0.000005050 | +0.029% | $92.6M | $287.1M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0672% | 1h | 0.000005050 | +0.021% | $143K | — | 3x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005046 | −0.058% | $970K | $31.8M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0676% | 8h | 0.000005055 | +0.116% | $142.4M | $1.22B | 75x | as long as short |
| Extended 1000PEPE-USDlong | +0.0680% | 1h | 0.000005049 | long leg | $532K | $226K | 25x | |
| Aster 1000PEPEUSDT | +0.0764% | 8h | 0.000005052 | +0.067% | $1.8M | $9.2M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0789% | 8h | 0.000005041 | −0.164% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0801% | 1h | 0.000005038 | −0.207% | $98K | $644K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0815% | 1h | 0.000005050 | +0.029% | $191K | $877K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0920% | 1h | 0.000005059 | +0.199% | $610 | $3K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0940% | 1h | 0.000005050 | +0.021% | $71K | $124K | 25x | as long as short |
| Lighter 1000PEPE | +0.0952% | 1h | 0.000005053 | +0.080% | $578K | $8.2M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1290% | 1h | 0.000005048 | −0.015% | $4.4M | $15.4M | 50x | as long as short |
| Hyperliquid kPEPEshort | +0.1427% | 1h | 0.000005055 | +0.120% | $54.1M | $140.1M | 10x |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
BingX 1000PEPE-USDC
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Coinbase International 1000PEPE-PERP-INTX
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD