Settings8H · net · $10k
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Funding arb · Price arb /

PEPE

all PEPE markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC−0.0402%/8h= −44.0% APRpaid last 24h +0.045%
Price spread now: Coinbase International against Binance+0.037%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Long on BinanceShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 3 days (all we have)−0.121%−$12 · spread now +0.037%, 7d avg −0.015%
Together, before fees−0.117%−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.052% dearer against Binance than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.015%): +$5 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 10 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance 1000PEPEUSDT0.0000048610.0850pay 0.0850% / 8h1h 42m$131.0M$1.03B75x
ShortCoinbase International 1000PEPE-PERP-INTX0.0000048630.0448get 0.0056% / 1h42m 21s$618K$25.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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

Funding earned
−$84.44
Price spread: +0.037% → −0.015%
$5.22
Slippage, 4 orders
−$14.84
Fee Binance: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$114.06
Costs to cover
0.348%
Break-even
never at this rate
Slippage from Binance: live order book, 2 min ago; Coinbase International: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 2 min ago0.10 bp6.7 bp −$714.1 bp −$14141.9 bp −$4,193doesn't fit
Sell Coinbase International live order book, 2 min ago3.10 bp12.8 bp −$1318.1 bp −$18156.0 bp −$5,603doesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000004837−0.488%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004858−0.072%$14K—150xas long as short
Lighter 1000PEPE+0.0096%1h0.000004840−0.436%$624K$5.4M10xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004857−0.086%$61.3M$77.0M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004840−0.436%$60K$113K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004859−0.045%$88.2M$278.8M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004858−0.066%$151.6M$62.3M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004861−0.014%$25.2M$53.7M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004845−0.332%$545K$3.9M—as long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004840−0.430%$27K$344K20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX 1000PEPE-USDT+0.0100%8h0.000004866+0.103%$1K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004862+0.016%$2K$9K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004844−0.352%$550K$3.5M75xas long as short
Bitget PEPEUSDT+0.0164%8h0.000004860−0.023%$42.7M$151.4M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004862+0.014%$7K—15xas long as short
OKX PEPE-USDT-SWAP+0.0203%8h0.000004864+0.058%$41.8M$494.4M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0317% / S −0.0215%1h0.000004000−17.716%$53K—100xas long as short
BloFin PEPE-USDT+0.0324%8h0.000004842−0.395%$3.9M$22.2M75xas long as short
Paradex kPEPE-USD-PERP+0.0422%8h0.000004845−0.337%$5K$1620xas long as short
Phemex u1000PEPEUSDT+0.0433%8h0.000004840−0.444%$2.3M$6.4M50xas long as short
Orderly PERP_1000PEPE_USDC+0.0441%8h0.000004859−0.043%$30K$11K20xas long as short
Coinbase International 1000PEPE-PERP-INTXshort+0.0448%1h0.000004863+0.037%$618K$25.7M50x
01 Exchange kPEPEUSD+0.0528%1h0.000004867+0.119%$558$2K10xas long as short
Backpack kPEPE_USDC_PERP+0.0673%1h0.000004838−0.475%$92K$614K15xas long as short
Nado kPEPE-PERP+0.0760%1h0.000004859−0.038%$187K$854K10xas long as short
BingX 1000PEPE-USDT+0.0827%8h0.000004861−0.006%—$256.0M—as long as short
Extended 1000PEPE-USD+0.0848%1h0.000004862+0.015%$535K$148K25xas long as short
MEXC PEPE_USDT+0.0850%8h0.000004863+0.045%$92.4M$283.1M300xas long as short
Binance 1000PEPEUSDTlong+0.0850%8h0.000004861long leg$131.0M$1.03B75x
Aevo 1000PEPE-PERP+0.0864%1h0.000004863+0.037%$137K—3xas long as short
Injective PEPE/USDC PERP+0.0873%1h0.000004868+0.140%$4K$103K12xas long as short
Aster 1000PEPEUSDT+0.0878%8h0.000004856−0.110%$1.5M$7.0M50xas long as short
ApeX Omni 1000PEPEUSDT+0.0935%1h0.000004841−0.416%$103K$764K25xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0985%1h0.000004864+0.058%$82K$94K25xas long as short
Kraken Futures PF_PEPEUSD+0.1312%1h0.000004861+0.002%$4.0M$13.2M50xas long as short