Funding you earn now, next payment 06:00 UTC+0.0524%/8h= +57.4% APRpaid last 24h +0.080%
Price spread now: Coinbase International against HTX−0.116%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.116%, 7d avg −0.010%
=Funding pays, the price is against you. Coinbase International is 0.106% cheaper against HTX than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.010%). If the spread goes back, that is −$11 on $10k: about 16 hours of funding at the current rate (+$16 a day).
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 | HTX PEPE-USDT | 0.000005175 | 0.0100 | pay 0.0100% / 8h | 1h 55m | $590K | $4.2M | 75x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000005169 | 0.0624 | get 0.0078% / 1h | 55m 53s | $702K | $38.3M | 50x |
HTX PEPE-USDT
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against HTX. 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
- $110.04
- Price spread: −0.116% → −0.010%
- −$10.57
- Slippage, 4 orders
- −$29.25
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $48.23
- Costs to cover
- 0.512%
- Break-even
- 3.9 days
Slippage from HTX: live order book, 3 min ago; Coinbase International: 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 HTX live order book, 3 min ago | 7.61 bp | 14.0 bp −$14 | 28.5 bp −$285 | 81.4 bp −$8,137 | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 4.81 bp | 9.8 bp −$10 | 16.4 bp −$164 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005206 | +0.599% | $10K | $119K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005156 | −0.367% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005158 | −0.319% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005166 | −0.174% | $60K | $180K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005155 | −0.385% | $101.4M | $413.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005152 | −0.444% | $163.0M | $95.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005160 | −0.292% | $25.7M | $71.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005159 | −0.318% | $617K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005173 | −0.039% | $28K | $539K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005172 | −0.050% | $2K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
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 | +0.0100% | 1h | 0.000005158 | −0.329% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDTlong | +0.0100% | 8h | 0.000005175 | long leg | $590K | $4.2M | 75x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005165 | −0.198% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0310% | 8h | 0.000005162 | −0.259% | $46.2M | $213.7M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0332% | 1h | 0.000005160 | −0.290% | $74K | $127K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000005159 | −0.315% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0417% | 8h | 0.000005160 | −0.290% | $48.4M | $721.4M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0453% | 1h | 0.000005156 | −0.369% | $4.7M | $16.8M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0518% | 8h | 0.000005167 | −0.162% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0545% | 8h | 0.000005186 | +0.213% | $4.4M | $29.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0576% | 8h | 0.000005155 | −0.386% | $2.4M | $8.0M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0607% | 1h | 0.000005157 | −0.348% | $72K | $848K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0624% | 1h | 0.000005169 | −0.116% | $702K | $38.3M | 50x | |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005162 | −0.251% | $623 | $3K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0672% | 1h | 0.000005154 | −0.406% | $156K | $818K | 25x | as long as short |
| Lighter 1000PEPE | +0.0736% | 1h | 0.000005160 | −0.290% | $620K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0738% | 1h | 0.000005162 | −0.254% | $165K | $955K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0751% | 8h | 0.000005158 | −0.327% | — | $217.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0784% | 1h | 0.000005166 | −0.174% | $146K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0788% | 8h | 0.000005165 | −0.195% | $98.4M | $301.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0789% | 8h | 0.000005156 | −0.359% | $142.5M | $1.44B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005160 | −0.294% | $547K | $285K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0812% | 8h | 0.000005159 | −0.306% | $1.8M | $11.6M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0881% | 1h | 0.000005162 | −0.251% | $55.1M | $154.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2351% | 1h | 0.000005000 | −3.382% | $63K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
Lighter 1000PEPE
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]