Funding you earn now, next payment 04:00 UTC−0.1096%/8h= −120.1% APRpaid last 24h −0.127%
Price spread now: OKX against Hyperliquid−0.235%7-day average −0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$300.301% of the position
Funding, last 7 days−0.481%−$48 on $10k
+Price spread, last 7 days+0.148%+$15 · spread now −0.235%, 7d avg −0.109%
=Together, before fees−0.333%+ Points / potential airdropHyperliquid: Season 2 · farm board−$33 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and OKX is 0.127% cheaper against Hyperliquid than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.109%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.481% in total (about -25.1% 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 | Hyperliquid kPEPE | 0.000005103 | 0.1458 | pay 0.0182% / 1h | 42m 24s | $54.7M | $140.2M | 10x |
| Short | OKX PEPE-USDT-SWAP | 0.000005091 | 0.0362 | get 0.0362% / 8h | 4h 42m | $45.8M | $602.1M | 50x |
Hyperliquid kPEPE
OKX PEPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$230.25
- Price spread: −0.235% → −0.109%
- −$12.66
- Slippage, 4 orders
- −$11.08
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$272.99
- Costs to cover
- 0.301%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; OKX: live order book, 2 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, 11 min ago | 0.99 bp | 6.0 bp −$6 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.98 bp | 9.2 bp −$9 | 14.2 bp −$142 | 50.4 bp −$5,035 | 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 | 0.000005092 | −0.215% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005086 | −0.327% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005090 | −0.255% | $65K | $140K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005090 | −0.259% | $99.6M | $346.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005097 | −0.118% | $168.3M | $76.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005098 | −0.094% | $26.2M | $63.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005034 | −1.361% | $675K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005021 | −1.614% | $31K | $452K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005099 | −0.071% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005083 | −0.384% | $580K | $3.7M | 75x | 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-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0170% | 8h | 0.000005098 | −0.104% | $46.5M | $175.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005096 | −0.136% | $8K | — | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005044 | −1.156% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0333% | 8h | 0.000005093 | −0.188% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAPshort | +0.0362% | 8h | 0.000005091 | −0.235% | $45.8M | $602.1M | 50x | |
| BloFin PEPE-USDT | +0.0482% | 8h | 0.000005085 | −0.353% | $4.4M | $25.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0605% | 8h | 0.000005087 | −0.321% | $2.4M | $7.1M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0642% | 8h | 0.000005094 | −0.178% | — | $261.8M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0663% | 1h | 0.000005050 | −1.039% | $100K | $742K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0669% / S −0.0920% | 1h | 0.000005000 | −2.018% | $46K | — | 100x | as long as short |
| SoDEX 1000PEPE-USD | +0.0671% | 1h | 0.000005087 | −0.314% | $2K | $12K | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0672% | 1h | 0.000005084 | −0.372% | $144K | — | 3x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005099 | −0.078% | $981K | $32.2M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0680% | 1h | 0.000005098 | −0.106% | $538K | $226K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0681% | 8h | 0.000005100 | −0.067% | $93.5M | $287.4M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0688% | 8h | 0.000005095 | −0.163% | $143.5M | $1.22B | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0734% | 1h | 0.000005085 | −0.353% | $72K | $124K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0778% | 1h | 0.000005097 | −0.108% | $193K | $877K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0783% | 8h | 0.000005099 | −0.073% | $1.8M | $9.2M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0790% | 8h | 0.000005099 | −0.075% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0889% | 1h | 0.000005089 | −0.278% | $99K | $644K | 15x | as long as short |
| Lighter 1000PEPE | +0.0928% | 1h | 0.000005089 | −0.274% | $579K | $8.2M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0992% | 1h | 0.000005113 | +0.196% | $617 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1281% | 1h | 0.000005085 | −0.361% | $4.4M | $15.5M | 50x | as long as short |
| Hyperliquid kPEPElong | +0.1458% | 1h | 0.000005103 | long leg | $54.7M | $140.2M | 10x |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDT
ApeX Omni 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
SoDEX 1000PEPE-USD
Aevo 1000PEPE-PERP
Coinbase International 1000PEPE-PERP-INTX
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD