PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h −0.009%

Price spread now: Coinbase International against Aevo+0.041%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,166as in the Price arb table

costs, in and out, $10k−$1,16911.691% of the position

Long on Aevo Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 3 days (all we have)−0.202%−$20 · spread now +0.041%, 7d avg +0.013%

Together, before fees−0.255%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.028% dearer against Aevo than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of +0.013%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.053% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo 1000PEPE-PERP	0.000004896	0.0520	pay 0.0065% / 1h	40m 39s	$138K	—	3x
Short	Coinbase International 1000PEPE-PERP-INTX	0.000004898	0.0368	get 0.0046% / 1h	40m 39s	$556K	$26.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aevo. 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 AevobpFee Coinbase InternationalbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$31.92
Price spread: +0.041% → +0.013%: $2.83
Slippage, 4 orders: −$1,143.06
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$1,198.15
Costs to cover: 11.691%
Break-even: never at this rate

Slippage from Aevo: live order book, 33 min ago; Coinbase International: live order book, 3 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 Aevo live order book, 33 min ago	273.02 bp	579.1 bp −$579	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	2.05 bp	14.0 bp −$14	18.6 bp −$186	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
Kraken Futures PF_PEPEUSD	−0.0119%	1h	0.000004899	+0.064%	$3.9M	$13.9M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004895	−0.015%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004893	−0.059%	$15K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004902	+0.123%	$60.9M	$110.7M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004898	+0.041%	$57K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004900	+0.082%	$89.9M	$300.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004896	0.000%	$155.7M	$65.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004900	+0.076%	$24.8M	$56.1M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004903	+0.153%	$43.0M	$152.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004891	−0.107%	$572K	$4.3M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004881	−0.303%	$26K	$350K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004904	+0.161%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004899	+0.061%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004895	−0.016%	$556K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004900	+0.071%	$2.3M	$6.6M	50x	as long as short
Lighter 1000PEPE	+0.0160%	1h	0.000004902	+0.123%	$572K	$6.7M	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004898	+0.051%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0189%	8h	0.000004907	+0.225%	$43.3M	$520.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0189%	8h	0.000004905	+0.190%	$5K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0304%	8h	0.000004900	+0.071%	$30K	$13K	20x	as long as short
BloFin PEPE-USDT	+0.0312%	8h	0.000004897	+0.020%	$4.0M	$23.1M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTXshort	+0.0368%	1h	0.000004898	+0.041%	$556K	$26.5M	50x
Nado kPEPE-PERP	+0.0396%	1h	0.000004897	+0.020%	$186K	$848K	10x	as long as short
01 Exchange kPEPEUSD	+0.0424%	1h	0.000004903	+0.143%	$1K	$2K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0451% / S −0.0669%	1h	0.000004000	−18.301%	$46K	—	100x	as long as short
BingX 1000PEPE-USDT	+0.0502%	8h	0.000004902	+0.121%	—	$256.4M	—	as long as short
MEXC PEPE_USDT	+0.0517%	8h	0.000004895	−0.020%	$96.5M	$281.6M	300x	as long as short
Binance 1000PEPEUSDT	+0.0518%	8h	0.000004896	+0.008%	$137.2M	$1.09B	75x	as long as short
Extended 1000PEPE-USD	+0.0520%	1h	0.000004898	+0.044%	$538K	$148K	25x	as long as short
Aevo 1000PEPE-PERPlong	+0.0520%	1h	0.000004896	long leg	$138K	—	3x
Aster 1000PEPEUSDT	+0.0532%	8h	0.000004904	+0.153%	$1.5M	$7.5M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0588%	1h	0.000004871	−0.511%	$101K	$754K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0598%	1h	0.000004898	+0.035%	$94K	$598K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004898	+0.041%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0976%	1h	0.000004901	+0.102%	$74K	$103K	25x	as long as short