PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0481%/8h= +52.7% APRnext payment +$0.60 per $10,000 · paid last 24h −0.060%

Price spread now: Deribit against Hyperliquid+0.146%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.416%−$42 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Deribit is 0.146% dearer against Hyperliquid than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.416%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid kPEPE	0.000004809	0.0100	pay 0.0013% / 1h	30m 39s	$62.0M	$79.2M	10x
Short	Deribit 1000PEPE_USDC-PERPETUAL	0.000004816	0.0581	get 0.0073% / 1h	30m 39s	$81K	$94K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee DeribitbpOrdersPrice spread, now +0.146%Rate

Funding earned: $101.06
Price spread: +0.146% → 0.000%: $14.56
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $99.62
Costs to cover: 0.160%
Break-even: 0.1 days

Slippage unknown: Hyperliquid: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.

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 Hyperliquid live order book, 3 min ago	1.04 bp	5.5 bp −$6	8.3 bp −$83	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.000004808	−0.022%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004815	+0.131%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004816	+0.146%	$576K	$5.6M	10x	as long as short
Hyperliquid kPEPElong	+0.0100%	1h	0.000004809	long leg	$62.0M	$79.2M	10x
Pacifica kPEPE	+0.0100%	1h	0.000004813	+0.083%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004812	+0.060%	$87.0M	$280.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004809	0.000%	$150.4M	$62.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004814	+0.096%	$24.8M	$54.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004851	+0.872%	$581K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004832	+0.473%	$27K	$344K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004830	+0.430%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004816	+0.146%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004825	+0.322%	$546K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0148%	8h	0.000004810	+0.025%	$42.3M	$151.7M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004819	+0.203%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0203%	8h	0.000004814	+0.104%	$41.7M	$491.3M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0213% / S −0.0092%	1h	0.000004000	−16.823%	$54K	—	100x	as long as short
BloFin PEPE-USDT	+0.0325%	8h	0.000004819	+0.208%	$3.9M	$22.1M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0352%	8h	0.000004814	+0.108%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0399%	8h	0.000004812	+0.062%	$2.3M	$6.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0440%	1h	0.000004824	+0.312%	$553	$2K	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0445%	8h	0.000004818	+0.179%	$29K	$11K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004815	+0.125%	$595K	$25.6M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0580%	1h	0.000004815	+0.131%	$92K	$615K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUALshort	+0.0581%	1h	0.000004816	+0.146%	$81K	$94K	25x
ApeX Omni 1000PEPEUSDT	+0.0656%	1h	0.000004829	+0.416%	$103K	$764K	25x	as long as short
Nado kPEPE-PERP	+0.0743%	1h	0.000004820	+0.232%	$185K	$855K	10x	as long as short
BingX 1000PEPE-USDT	+0.0799%	8h	0.000004813	+0.075%	—	$256.2M	—	as long as short
Binance 1000PEPEUSDT	+0.0811%	8h	0.000004816	+0.145%	$130.4M	$1.04B	75x	as long as short
MEXC PEPE_USDT	+0.0815%	8h	0.000004812	+0.060%	$91.1M	$284.0M	300x	as long as short
Extended 1000PEPE-USD	+0.0816%	1h	0.000004812	+0.060%	$529K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0824%	1h	0.000004823	+0.291%	$136K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0837%	8h	0.000004816	+0.153%	$1.5M	$7.0M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004825	+0.333%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1325%	1h	0.000004816	+0.140%	$3.9M	$13.3M	50x	as long as short