Funding you earn now, next payment 23:00 UTC−0.0697%/8h= −76.3% APRpaid last 24h +0.094%
Price spread now: Hyperliquid against MEXC+0.008%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs+$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$140.143% of the position
Funding, last 7 days+0.422%+$42 on $10k
+Price spread, last 7 days+0.053%+$5 · spread now +0.008%, 7d avg +0.058%
=Together, before fees+0.475%+ Points / potential airdropHyperliquid: Season 2 · farm board+$47 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Hyperliquid is 0.050% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.058%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.422%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.422% in total (about 22.0% 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 | MEXC PEPE_USDT | 0.000004804 | 0.0797 | pay 0.0797% / 8h | 1h 25m | $91.3M | $284.6M | 300x |
| Short | Hyperliquid kPEPE | 0.000004804 | 0.0100 | get 0.0013% / 1h | 25m 45s | $62.7M | $80.3M | 10x |
MEXC PEPE_USDT
Hyperliquid kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against MEXC. 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
- −$146.37
- Price spread: +0.008% → +0.058%
- −$4.98
- Slippage, 4 orders
- −$5.34
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$165.69
- Costs to cover
- 0.143%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Hyperliquid: live order book, 8 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 MEXC live order book, 3 min ago | 0.10 bp | 0.5 bp −$1 | 14.7 bp −$147 | 48.6 bp −$4,858 | 81.4 bp −$40.7K |
| Sell Hyperliquid live order book, 8 min ago | 1.04 bp | 7.4 bp −$7 | 11.0 bp −$110 | 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 | 0.000004805 | +0.022% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004804 | +0.002% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004808 | +0.092% | $599K | $5.7M | 10x | as long as short |
| Hyperliquid kPEPEshort | +0.0100% | 1h | 0.000004804 | +0.008% | $62.7M | $80.3M | 10x | |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004806 | +0.050% | $59K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004805 | +0.033% | $87.1M | $281.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004804 | +0.008% | $149.6M | $63.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004804 | 0.000% | $24.8M | $54.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004818 | +0.298% | $574K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004819 | +0.319% | $27K | $342K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004813 | +0.185% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004806 | +0.050% | $3K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004815 | +0.246% | $543K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0136% | 8h | 0.000004808 | +0.090% | $42.3M | $151.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004807 | +0.068% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0207% | 8h | 0.000004810 | +0.133% | $41.8M | $491.9M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0212% / S −0.0091% | 1h | 0.000004000 | −16.729% | $54K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0323% | 8h | 0.000004823 | +0.404% | $3.9M | $22.2M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0330% | 8h | 0.000004805 | +0.039% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0379% | 8h | 0.000004808 | +0.100% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0424% | 1h | 0.000004813 | +0.196% | $551 | $2K | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0447% | 8h | 0.000004808 | +0.085% | $29K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004806 | +0.050% | $597K | $25.6M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0583% | 1h | 0.000004808 | +0.092% | $81K | $94K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0591% | 1h | 0.000004806 | +0.046% | $91K | $615K | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0596% | 1h | 0.000004818 | +0.300% | $102K | $763K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0748% | 1h | 0.000004811 | +0.152% | $186K | $853K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0780% | 8h | 0.000004818 | +0.289% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDTlong | +0.0797% | 8h | 0.000004804 | long leg | $91.3M | $284.6M | 300x | |
| Binance 1000PEPEUSDT | +0.0797% | 8h | 0.000004809 | +0.111% | $130.3M | $1.04B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000004809 | +0.121% | $529K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000004810 | +0.133% | $136K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0817% | 8h | 0.000004809 | +0.105% | $1.5M | $7.1M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004833 | +0.612% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1327% | 1h | 0.000004805 | +0.040% | $3.9M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD