Funding you earn now, next payment 00:00 UTC+0.0243%/8h= +26.6% APRpaid last 24h +0.045%
Price spread now: Deribit against Binance−0.063%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+0.014%+$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Deribit is 0.063% cheaper against Binance than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 21 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.014% in total) that is about 32 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% 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 | Binance 1000PEPEUSDT | 0.000004744 | 0.0563 | pay 0.0563% / 8h | 5m 05s | $132.7M | $1.07B | 75x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004741 | 0.0806 | get 0.0101% / 1h | 5m 05s | $76K | $98K | 25x |
Binance 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Binance. 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
- $50.99
- Price spread: −0.063% → 0.000%
- −$6.26
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $27.73
- Costs to cover
- 0.170%
- Break-even
- 3.2 days
Slippage unknown: Binance: live order book, 9 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 Binance live order book, 9 min ago | 0.11 bp | 5.9 bp −$6 | 11.5 bp −$115 | 32.1 bp −$3,214 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0331% | 1h | 0.000004734 | −0.210% | $68.7M | $99.1M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004731 | −0.270% | $17K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004736 | −0.174% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004739 | −0.109% | $3.8M | $13.9M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004736 | −0.168% | $56K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004739 | −0.105% | $87.1M | $294.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004737 | −0.147% | $150.2M | $65.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004741 | −0.067% | $24.3M | $54.8M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004739 | −0.096% | $41.9M | $151.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004725 | −0.403% | $544K | $4.2M | — | as long as short |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004725 | −0.405% | $25K | $351K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004720 | −0.505% | $99K | $755K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004743 | −0.016% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004741 | −0.063% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004737 | −0.155% | $535K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0176% | 1h | 0.000004742 | −0.042% | $572K | $6.6M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0176% | 8h | 0.000004737 | −0.155% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0182% | 8h | 0.000004742 | −0.033% | $2.3M | $6.5M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004738 | −0.135% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0196% | 8h | 0.000004743 | −0.020% | $42.2M | $497.1M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0312% | 1h | 0.000004743 | −0.020% | $543 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0318% | 8h | 0.000004739 | −0.105% | $3.9M | $22.3M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0347% | 8h | 0.000004740 | −0.082% | $29K | $13K | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0392% / S −0.0430% | 1h | 0.000004000 | −15.682% | $43K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004737 | −0.147% | $567K | $25.5M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004728 | −0.337% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0528% | 1h | 0.000004741 | −0.067% | $92K | $603K | 15x | as long as short |
| BingX 1000PEPE-USDC | +0.0548% | 8h | 0.000004740 | −0.082% | — | $2.3M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0556% | 8h | 0.000004744 | −0.010% | $1.5M | $7.3M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0560% | 1h | 0.000004740 | −0.079% | $521K | $148K | 25x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0563% | 8h | 0.000004744 | long leg | $132.7M | $1.07B | 75x | |
| MEXC PEPE_USDT | +0.0565% | 8h | 0.000004742 | −0.044% | $88.9M | $283.5M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0568% | 1h | 0.000004742 | −0.042% | $134K | — | 3x | as long as short |
| Nado kPEPE-PERP | +0.0603% | 1h | 0.000004743 | −0.026% | $179K | $849K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0806% | 1h | 0.000004741 | −0.063% | $76K | $98K | 25x |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
01 Exchange kPEPEUSD
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
BingX 1000PEPE-USDC
Aster 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Nado kPEPE-PERP