Funding you earn now, next payment 02:00 UTC−0.0394%/8h= −43.1% APRnext payment −$0.49 per $10,000 · paid last 24h −0.039%
Price spread now: Extended against Backpack−0.207%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$420.420% of the position
Funding, last 7 days−0.136%−$14 on $10k
+Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.207%, 7d avg −0.040%
=Together, before fees−0.031%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Extended is 0.167% cheaper against Backpack than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.040%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.136% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.49 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 | Backpack kPEPE_USDC_PERP | 0.000005078 | 0.0938 | pay 0.0117% / 1h | 9m 42s | $98K | $622K | 15x |
| Short | Extended 1000PEPE-USD | 0.000005067 | 0.0544 | get 0.0068% / 1h | 9m 42s | $556K | $199K | 25x |
Backpack kPEPE_USDC_PERP
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Backpack. 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
- −$82.73
- Price spread: −0.207% → −0.040%
- −$16.69
- Slippage, 4 orders
- −$26.95
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$141.37
- Costs to cover
- 0.420%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 59 min ago; Extended: live order book, 58 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 Backpack live order book, 59 min ago | 4.93 bp | 15.3 bp −$15 | 43.2 bp −$432 | doesn't fit | doesn't fit |
| Sell Extended live order book, 58 min ago | 2.95 bp | 7.4 bp −$7 | 42.4 bp −$424 | doesn't fit | doesn't fit |
PEPE on 34 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 | 0.000005054 | −0.463% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005072 | −0.112% | $18K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005072 | −0.108% | $62K | $127K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005060 | −0.339% | $98.5M | $326.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005064 | −0.266% | $162.5M | $72.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005079 | +0.024% | $25.5M | $61.2M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005066 | −0.217% | $47.1M | $165.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005085 | +0.140% | $648K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005092 | +0.295% | $27K | $421K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005089 | +0.228% | $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
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005093 | +0.297% | $573K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005078 | +0.018% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0253% | 8h | 0.000005065 | −0.246% | $45.2M | $575.1M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0285% | 8h | 0.000005083 | +0.116% | $33K | $24K | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0341% | 1h | 0.000005079 | +0.030% | $62K | $114K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000005086 | +0.167% | $730K | $30.2M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0507% | 8h | 0.000005067 | −0.201% | — | $2.3M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0508% | 1h | 0.000005075 | −0.049% | $105K | $748K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0510% | 8h | 0.000005083 | +0.102% | $2.4M | $7.0M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0525% / S −0.0554% | 1h | 0.000005000 | −1.526% | $57K | — | 100x | as long as short |
| Extended 1000PEPE-USDshort | +0.0544% | 1h | 0.000005067 | −0.207% | $556K | $199K | 25x | |
| Aevo 1000PEPE-PERP | +0.0544% | 1h | 0.000005084 | +0.128% | $144K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0546% | 8h | 0.000005069 | −0.167% | $95.5M | $292.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0547% | 8h | 0.000005068 | −0.187% | $143.5M | $1.18B | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0623% | 1h | 0.000005084 | +0.128% | $2K | $12K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0641% | 8h | 0.000005080 | +0.058% | $6K | $16 | 20x | as long as short |
| Aster 1000PEPEUSDT | +0.0643% | 8h | 0.000005078 | +0.007% | $1.7M | $8.3M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0647% | 1h | 0.000005077 | −0.010% | $192K | $886K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0820% | 1h | 0.000005080 | +0.055% | $4.0M | $14.5M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000005110 | +0.640% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERPlong | +0.0938% | 1h | 0.000005078 | long leg | $98K | $622K | 15x | |
| 01 Exchange kPEPEUSD | +0.0960% | 1h | 0.000005073 | −0.089% | $612 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.1760% | 1h | 0.000005074 | −0.069% | $1.1M | $7.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2063% | 1h | 0.000005083 | +0.108% | $56.0M | $135.8M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
ApeX Omni 1000PEPEUSDT
Phemex u1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
Injective PEPE/USDC PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE