Funding you earn now, next payment 02:00 UTC+0.0247%/8h= +27.0% APRpaid last 24h +0.046%
Price spread now: Deribit against HTX+0.034%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$690.686% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 3 days (all we have)−0.012%−$1 · spread now +0.034%, 7d avg −0.022%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Deribit is 0.055% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.022%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.034% in total (about -1.8% 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 | 0.000005028 | 0.0100 | pay 0.0100% / 8h | 6h 43m | $565K | $3.6M | 75x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005030 | 0.0347 | get 0.0043% / 1h | 43m 12s | $61K | $114K | 25x |
HTX PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $51.82
- Price spread: +0.034% → −0.022%
- $5.54
- Slippage, 4 orders
- −$49.63
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$11.27
- Costs to cover
- 0.686%
- Break-even
- 8.5 days
Slippage from HTX: live order book, 1 min ago; Deribit: live order book, 56 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, 1 min ago | 8.26 bp | 30.5 bp −$30 | 45.0 bp −$450 | 180.6 bp −$18.1K | doesn't fit |
| Sell Deribit live order book, 56 min ago | 6.11 bp | 9.6 bp −$10 | doesn't fit | 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 | 0.000005019 | −0.180% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005030 | +0.042% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005031 | +0.054% | $62K | $125K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005028 | −0.006% | $97.2M | $320.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005034 | +0.113% | $159.9M | $69.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005039 | +0.215% | $25.2M | $59.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005033 | +0.086% | $44.7M | $158.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005015 | −0.270% | $559K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005028 | −0.007% | $46K | $388K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005042 | +0.265% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDTlong | +0.0100% | 8h | 0.000005028 | long leg | $565K | $3.6M | 75x | |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005034 | +0.105% | $2.4M | $6.8M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0158% | 1h | 0.000005031 | +0.054% | $107K | $752K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005032 | +0.083% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0208% | 8h | 0.000005023 | −0.105% | $44.5M | $557.8M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0275% | 8h | 0.000005034 | +0.115% | $33K | $23K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0318% | 8h | 0.000005008 | −0.404% | $4.2M | $24.6M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0347% | 1h | 0.000005030 | +0.034% | $61K | $114K | 25x | |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000005038 | +0.193% | $660K | $28.9M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0438% | 8h | 0.000005030 | +0.039% | $6K | $16 | 20x | as long as short |
| BingX 1000PEPE-USDC | +0.0457% | 8h | 0.000005030 | +0.036% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDT | +0.0488% | 8h | 0.000005036 | +0.155% | $95.7M | $288.3M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0488% | 1h | 0.000005037 | +0.173% | $142K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0492% | 8h | 0.000005032 | +0.079% | $140.6M | $1.16B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0496% | 1h | 0.000005031 | +0.056% | $552K | $199K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0506% / S −0.0411% | 1h | 0.000005000 | −0.563% | $63K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0566% | 8h | 0.000005036 | +0.143% | $1.7M | $8.0M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0566% | 1h | 0.000005034 | +0.113% | $2K | $12K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0620% | 1h | 0.000005035 | +0.130% | $178K | $884K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0828% | 1h | 0.000005032 | +0.073% | $3.9M | $14.4M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0904% | 1h | 0.000005051 | +0.455% | $103K | $625K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000005053 | +0.491% | $4K | $102K | 12x | as long as short |
| 01 Exchange kPEPEUSD | +0.0960% | 1h | 0.000005049 | +0.412% | $1K | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.1288% | 1h | 0.000005040 | +0.233% | $657K | $6.8M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2485% | 1h | 0.000005042 | +0.272% | $55.8M | $135.1M | 10x | as long as short |
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
Paradex kPEPE-USD-PERP
BingX 1000PEPE-USDC
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
SoDEX 1000PEPE-USD
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE