Funding you earn now, next payment 00:00 UTC+0.0268%/8h= +29.3% APRpaid last 24h +0.037%
Price spread now: Coinbase International against HTX−0.102%59s7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$650.647% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 3 days (all we have)−0.010%−$1 · spread now −0.102%, 7d avg −0.012%
=Funding pays, the price is against you. Coinbase International is 0.090% cheaper against HTX than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of −0.012%). If the spread goes back, that is −$9 on $10k: about 27 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.051% in total (about -2.6% 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 | 0.000004796 | 0.0100 | pay 0.0100% / 8h | 7h 55m | $541K | $3.5M | 75x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000004791 | 0.0368 | get 0.0046% / 1h | 55m 25s | $551K | $25.8M | 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
- $56.28
- Price spread: −0.102% → −0.012%
- −$9
- Slippage, 4 orders
- −$42.71
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$17.43
- Costs to cover
- 0.647%
- Break-even
- 9.2 days
Slippage from HTX: live order book, 3 min ago; Coinbase International: 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 HTX live order book, 3 min ago | 5.85 bp | 13.5 bp −$14 | 35.9 bp −$359 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 3.14 bp | 10.7 bp −$11 | 15.9 bp −$159 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex u1000PEPEUSDT | −0.0286% | 8h | 0.000004791 | −0.104% | $2.3M | $6.5M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | −0.0122% | 1h | 0.000004790 | −0.121% | $3.9M | $13.9M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004791 | −0.107% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004788 | −0.173% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004787 | −0.186% | $68.5M | $102.3M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004794 | −0.040% | $56K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004789 | −0.140% | $87.5M | $297.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004788 | −0.165% | $152.0M | $64.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004791 | −0.104% | $24.0M | $55.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004790 | −0.119% | $42.4M | $151.5M | 75x | as long as short |
Phemex u1000PEPEUSDT
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004801 | +0.103% | $554K | $4.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004798 | +0.038% | $26K | $350K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004799 | +0.060% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDTlong | +0.0100% | 8h | 0.000004796 | long leg | $541K | $3.5M | 75x | |
| Lighter 1000PEPE | +0.0112% | 1h | 0.000004794 | −0.040% | $575K | $6.6M | 10x | as long as short |
| SoDEX 1000PEPE-USD | +0.0116% | 1h | 0.000004791 | −0.102% | $2K | $12K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0175% | 8h | 0.000004794 | −0.043% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004789 | −0.139% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0193% | 8h | 0.000004793 | −0.060% | $42.8M | $505.3M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0310% | 8h | 0.000004792 | −0.081% | $3.9M | $22.7M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0331% | 8h | 0.000004790 | −0.117% | $30K | $13K | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0336% | 1h | 0.000004788 | −0.165% | $548 | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0368% | 1h | 0.000004791 | −0.102% | $551K | $25.8M | 50x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0405% / S −0.0447% | 1h | 0.000004000 | −16.595% | $43K | — | 100x | as long as short |
| Nado kPEPE-PERP | +0.0415% | 1h | 0.000004795 | −0.020% | $180K | $848K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0532% | 8h | 0.000004794 | −0.042% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0542% | 8h | 0.000004793 | −0.054% | $135.0M | $1.08B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0544% | 1h | 0.000004791 | −0.102% | $526K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0544% | 1h | 0.000004780 | −0.332% | $135K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0545% | 8h | 0.000004792 | −0.077% | $91.1M | $279.7M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0546% | 8h | 0.000004794 | −0.045% | $1.5M | $7.3M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0634% | 1h | 0.000004797 | +0.029% | $94K | $602K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004793 | −0.060% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0794% | 1h | 0.000004792 | −0.081% | $77K | $98K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1932% | 1h | 0.000004800 | +0.085% | $100K | $753K | 25x | as long as short |
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
Lighter 1000PEPE
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL
ApeX Omni 1000PEPEUSDT