Funding you earn now, next payment 22:00 UTC+0.0618%/8h= +67.7% APRpaid last 24h +0.015%
Price spread now: Extended against Bitget−0.082%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$340.340% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 4 days (all we have)−0.449%−$45 · spread now −0.082%, 7d avg −0.060%
=Together, before fees−0.377%+ Points / potential airdropExtended: Active · farm board−$38 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.022% cheaper against Bitget than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.060%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.072% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.8% 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 | Bitget PEPEUSDT | 0.000004891 | 0.0182 | pay 0.0182% / 8h | 2h 57m | $45.9M | $141.4M | 75x |
| Short | Extended 1000PEPE-USD | 0.000004887 | 0.0800 | get 0.0100% / 1h | 57m 34s | $537K | $146K | 25x |
Bitget PEPEUSDT
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bitget. 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
- $129.78
- Price spread: −0.082% → −0.060%
- −$2.25
- Slippage, 4 orders
- −$16.97
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $93.57
- Costs to cover
- 0.340%
- Break-even
- 2.0 days
Slippage from Bitget: live order book, 2 min ago; Extended: live order book, 30 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 Bitget live order book, 2 min ago | 2.05 bp | 9.3 bp −$9 | 11.1 bp −$111 | 29.5 bp −$2,946 | doesn't fit |
| Sell Extended live order book, 30 min ago | 3.05 bp | 7.7 bp −$8 | 45.4 bp −$454 | doesn't fit | 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 | 0.000004885 | −0.125% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004895 | +0.096% | $15K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004888 | −0.053% | $56.6M | $67.0M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004888 | −0.053% | $58K | $108K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004886 | −0.094% | $88.4M | $268.6M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0100% | 8h | 0.000004892 | +0.029% | $42.7M | $488.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004885 | −0.115% | $148.9M | $59.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004887 | −0.067% | $24.9M | $49.6M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004894 | +0.061% | $97K | $593K | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004925 | +0.695% | $724K | $3.8M | — | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Gate PEPE_USDT
KuCoin PEPEUSDTM
Backpack kPEPE_USDC_PERP
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 | 0.000004915 | +0.497% | $28K | $337K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004905 | +0.299% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004898 | +0.151% | $2K | $9K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004890 | −0.014% | $563K | $3.8M | 75x | as long as short |
| Bitget PEPEUSDTlong | +0.0182% | 8h | 0.000004891 | long leg | $45.9M | $141.4M | 75x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004889 | −0.040% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0220% | 8h | 0.000004909 | +0.376% | $4.0M | $21.8M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0310% / S −0.0261% | 1h | 0.000004000 | −18.210% | $48K | — | 100x | as long as short |
| Lighter 1000PEPE | +0.0320% | 1h | 0.000004890 | −0.012% | $594K | $4.9M | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0342% | 8h | 0.000004898 | +0.153% | $31K | $10K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0356% | 8h | 0.000004887 | −0.077% | $5K | $26 | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0381% | 1h | 0.000004904 | +0.274% | $101K | $754K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0441% | 8h | 0.000004891 | 0.000% | $2.4M | $6.2M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004907 | +0.335% | $631K | $25.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0504% | 1h | 0.000004894 | +0.070% | $561 | $2K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004922 | +0.642% | $4K | $92K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0748% | 1h | 0.000004898 | +0.153% | $3.9M | $12.5M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0763% | 8h | 0.000004885 | −0.121% | — | $253.6M | — | as long as short |
| Nado kPEPE-PERP | +0.0783% | 1h | 0.000004892 | +0.034% | $193K | $857K | 10x | as long as short |
| MEXC PEPE_USDT | +0.0796% | 8h | 0.000004889 | −0.041% | $125.3M | $278.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0796% | 8h | 0.000004892 | +0.021% | $131.4M | $993.4M | 75x | as long as short |
| Extended 1000PEPE-USDshort | +0.0800% | 1h | 0.000004887 | −0.082% | $537K | $146K | 25x | |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000004893 | +0.049% | $138K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0862% | 8h | 0.000004892 | +0.030% | $1.5M | $6.9M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0976% | 1h | 0.000004901 | +0.213% | $79K | $91K | 25x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Lighter 1000PEPE
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
ApeX Omni 1000PEPEUSDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
Nado kPEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL