Funding you earn now, next payment 22:00 UTC+0.0748%/8h= +81.9% APRnext payment +$0.94 per $10,000 · paid last 24h −0.053%
Price spread now: Extended against Hyperliquid+0.037%7-day average −0.157% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$300.303% of the position
Funding, last 7 days−0.371%−$37 on $10k
+Price spread, last 4 days (all we have)−0.255%−$25 · spread now +0.037%, 7d avg −0.157%
=Together, before fees−0.626%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$63 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Extended is 0.194% dearer against Hyperliquid than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.157%. Mind the row above: over the last 7 days funding on this pair cost −0.371%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.371% in total (about -19.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.94 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 | Hyperliquid kPEPE | 0.000004853 | 0.0100 | pay 0.0013% / 1h | 25m 13s | $57.8M | $70.9M | 10x |
| Short | Extended 1000PEPE-USD | 0.000004855 | 0.0848 | get 0.0106% / 1h | 25m 13s | $534K | $147K | 25x |
Hyperliquid kPEPE
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Hyperliquid. 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
- $157.08
- Price spread: +0.037% → −0.157%
- $19.35
- Slippage, 4 orders
- −$16.3
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $146.14
- Costs to cover
- 0.303%
- Break-even
- 0.5 days
Slippage from Hyperliquid: live order book, 8 min ago; Extended: live order book, 62 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 Hyperliquid live order book, 8 min ago | 1.04 bp | 5.5 bp −$6 | 9.0 bp −$90 | doesn't fit | doesn't fit |
| Sell Extended live order book, 62 min ago | 3.05 bp | 7.7 bp −$8 | 45.4 bp −$454 | 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 | 0.000004842 | −0.231% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004845 | −0.155% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPElong | +0.0100% | 1h | 0.000004853 | long leg | $57.8M | $70.9M | 10x | |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004851 | −0.041% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004853 | 0.000% | $88.3M | $274.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004849 | −0.082% | $151.1M | $62.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004854 | +0.031% | $25.1M | $53.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004837 | −0.323% | $705K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004818 | −0.722% | $27K | $337K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004860 | +0.146% | $1K | $2.4M | 20x | 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-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004863 | +0.206% | $560K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0148% | 8h | 0.000004855 | +0.041% | $41.6M | $489.9M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0178% | 8h | 0.000004854 | +0.027% | $43.0M | $152.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004854 | +0.024% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0267% | 8h | 0.000004859 | +0.124% | $3.9M | $21.9M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0319% / S −0.0217% | 1h | 0.000004000 | −17.577% | $53K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0392% | 8h | 0.000004857 | +0.074% | $30K | $11K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0449% | 8h | 0.000004850 | −0.069% | $5K | $16 | 20x | as long as short |
| Lighter 1000PEPE | +0.0456% | 1h | 0.000004858 | +0.103% | $620K | $5.2M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0463% | 8h | 0.000004858 | +0.099% | $2.3M | $6.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004856 | +0.062% | $581K | $25.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004847 | −0.124% | $4K | $110K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0611% | 1h | 0.000004852 | −0.010% | $95K | $623K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0682% | 1h | 0.000004864 | +0.235% | $192K | $855K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0736% | 1h | 0.000004809 | −0.907% | $100K | $760K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0754% | 1h | 0.000004855 | +0.049% | $3.9M | $13.0M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0781% | 1h | 0.000004853 | 0.000% | $82K | $94K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0787% | 8h | 0.000004855 | +0.052% | — | $255.0M | — | as long as short |
| SoDEX 1000PEPE-USD | +0.0812% | 1h | 0.000004857 | +0.082% | $2K | $9K | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0832% | 1h | 0.000004887 | +0.701% | $138K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0836% | 8h | 0.000004859 | +0.124% | $91.3M | $290.6M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0845% | 8h | 0.000004858 | +0.095% | $129.3M | $1.02B | 75x | as long as short |
| Extended 1000PEPE-USDshort | +0.0848% | 1h | 0.000004855 | +0.037% | $534K | $147K | 25x | |
| Aster 1000PEPEUSDT | +0.0886% | 8h | 0.000004863 | +0.211% | $1.5M | $6.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1256% | 1h | 0.000004880 | +0.556% | $559 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
SoDEX 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD