Funding you earn now, next payment 23:00 UTC−0.0481%/8h= −52.7% APRnext payment −$0.60 per $10,000 · paid last 24h −0.017%
Price spread now: Deribit against Aevo−0.021%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.045%−$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Deribit is 0.021% cheaper against Aevo than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.60 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 | Aevo 1000PEPE-PERP | 0.000004867 | 0.0848 | pay 0.0106% / 1h | 38m 10s | $138K | — | 3x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004866 | 0.0367 | get 0.0046% / 1h | 38m 10s | $82K | $94K | 25x |
Aevo 1000PEPE-PERP
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Aevo. 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
- −$101.03
- Price spread: −0.021% → 0.000%
- −$2.05
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$126.09
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Aevo: live order book, 45 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 Aevo live order book, 45 min ago | 408.35 bp | 1709.8 bp −$1,710 | doesn't fit | 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 | 0.000004869 | +0.046% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004860 | −0.142% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004862 | −0.103% | $614K | $5.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004864 | −0.062% | $61.8M | $77.7M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004872 | +0.103% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004857 | −0.205% | $87.9M | $279.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004867 | 0.000% | $152.3M | $62.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004860 | −0.140% | $25.1M | $53.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004864 | −0.063% | $583K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004863 | −0.090% | $27K | $342K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
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 | 0.000004879 | +0.247% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004861 | −0.123% | $2K | $9K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004864 | −0.060% | $550K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0159% | 8h | 0.000004851 | −0.333% | $42.7M | $151.5M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004868 | +0.019% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0203% | 8h | 0.000004860 | −0.144% | $41.9M | $495.0M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0317% / S −0.0215% | 1h | 0.000004000 | −17.814% | $53K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0322% | 8h | 0.000004870 | +0.062% | $3.9M | $22.3M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0367% | 1h | 0.000004866 | −0.021% | $82K | $94K | 25x | |
| Paradex kPEPE-USD-PERP | +0.0398% | 8h | 0.000004874 | +0.137% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0410% | 8h | 0.000004859 | −0.158% | $2.3M | $6.4M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0443% | 8h | 0.000004865 | −0.039% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004859 | −0.164% | $619K | $25.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0496% | 1h | 0.000004872 | +0.103% | $558 | $2K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0635% | 1h | 0.000004861 | −0.127% | $92K | $614K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0726% | 1h | 0.000004868 | +0.027% | $187K | $854K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0783% | 1h | 0.000004859 | −0.164% | $103K | $763K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0827% | 8h | 0.000004857 | −0.212% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0840% | 1h | 0.000004860 | −0.146% | $535K | $148K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0841% | 8h | 0.000004862 | −0.107% | $131.0M | $1.03B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0844% | 8h | 0.000004862 | −0.099% | $92.4M | $283.4M | 300x | as long as short |
| Aevo 1000PEPE-PERPlong | +0.0848% | 1h | 0.000004867 | long leg | $138K | — | 3x | |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004877 | +0.205% | $4K | $103K | 12x | as long as short |
| Aster 1000PEPEUSDT | +0.0876% | 8h | 0.000004861 | −0.113% | $1.5M | $7.0M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1313% | 1h | 0.000004859 | −0.174% | $4.0M | $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
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Injective PEPE/USDC PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD