Funding you earn now, next payment 00:00 UTC−0.0705%/8h= −77.2% APRnext payment −$7.05 per $10,000 · paid last 24h −0.003%
Price spread now: Gate against Binance−0.156%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 7 days+0.113%+$11 · spread now −0.156%, 7d avg −0.047%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Gate is 0.110% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.05 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 | Binance 1000PEPEUSDT | 0.000004812 | 0.0805 | pay 0.0805% / 8h | 2h 39m | $127.4M | $1.01B | 75x |
| Short | Gate PEPE_USDT | 0.000004804 | 0.0100 | get 0.0100% / 8h | 2h 39m | $148.0M | $61.2M | 75x |
Binance 1000PEPEUSDT
Gate PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$148.11
- Price spread: −0.156% → −0.047%
- −$10.98
- Slippage, 4 orders
- −$17.42
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$201.5
- Costs to cover
- 0.424%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Gate: live order book, 4 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 Binance live order book, 4 min ago | 0.31 bp | 8.6 bp −$9 | 13.5 bp −$135 | 37.9 bp −$3,789 | doesn't fit |
| Sell Gate live order book, 4 min ago | 2.05 bp | 10.9 bp −$11 | 17.5 bp −$175 | 65.1 bp −$6,515 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004803 | −0.187% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004813 | +0.041% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004818 | +0.135% | $56.5M | $69.4M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004811 | −0.011% | $59K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004813 | +0.035% | $88.7M | $273.0M | 50x | as long as short |
| Gate PEPE_USDTshort | +0.0100% | 8h | 0.000004804 | −0.156% | $148.0M | $61.2M | 75x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004815 | +0.072% | $23.6M | $51.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004852 | +0.831% | $713K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004858 | +0.958% | $27K | $336K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004840 | +0.594% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004842 | +0.640% | $558K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0115% | 8h | 0.000004817 | +0.114% | $41.5M | $488.8M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0169% | 8h | 0.000004818 | +0.128% | $43.6M | $151.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004821 | +0.194% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0233% | 8h | 0.000004852 | +0.841% | $3.9M | $21.7M | 75x | as long as short |
| Lighter 1000PEPE | +0.0248% | 1h | 0.000004813 | +0.031% | $594K | $5.1M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0259% | 1h | 0.000004839 | +0.579% | $100K | $621K | 15x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0319% / S −0.0217% | 1h | 0.000004000 | −16.866% | $52K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0344% | 8h | 0.000004809 | −0.056% | $5K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0366% | 8h | 0.000004833 | +0.440% | $30K | $10K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0455% | 8h | 0.000004838 | +0.561% | $2.3M | $6.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004832 | +0.426% | $578K | $25.5M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0510% | 1h | 0.000004835 | +0.488% | $2K | $9K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004861 | +1.028% | $4K | $92K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0579% | 1h | 0.000004832 | +0.426% | $81K | $94K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0629% | 1h | 0.000004856 | +0.924% | $100K | $758K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0661% | 1h | 0.000004818 | +0.134% | $180K | $866K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0757% | 1h | 0.000004835 | +0.492% | $3.9M | $12.9M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0766% | 8h | 0.000004808 | −0.071% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000004838 | +0.550% | $137K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0804% | 8h | 0.000004820 | +0.176% | $89.8M | $288.6M | 300x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0805% | 8h | 0.000004812 | long leg | $127.4M | $1.01B | 75x | |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000004807 | −0.086% | $529K | $146K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0855% | 8h | 0.000004812 | +0.010% | $1.5M | $6.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1304% | 1h | 0.000004812 | +0.010% | $551 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
SoDEX 1000PEPE-USD
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD