Funding you earn now, next payment 08:00 UTC−0.0236%/8h= −25.8% APRnext payment −$2.36 per $10,000 · paid last 24h −0.004%
Price spread now: Gate against Bitget+0.070%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$450.451% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 7 days−0.065%−$7 · spread now +0.070%, 7d avg −0.032%
=The price spread pays, funding is against you. Gate is 0.102% dearer against Bitget than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of −0.032%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 35 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.36 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 | Bitget PEPEUSDT | 0.000004990 | 0.0336 | pay 0.0336% / 8h | 2h 32m | $44.9M | $209.5M | 75x |
| Short | Gate PEPE_USDT | 0.000004994 | 0.0100 | get 0.0100% / 8h | 2h 32m | $161.2M | $93.9M | 75x |
Bitget PEPEUSDT
Gate PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$49.56
- Price spread: +0.070% → −0.032%
- $10.25
- Slippage, 4 orders
- −$18.11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$84.42
- Costs to cover
- 0.451%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Gate: live order book, 2 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 | 1.20 bp | 9.3 bp −$9 | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 3.00 bp | 15.4 bp −$15 | 19.3 bp −$193 | 67.4 bp −$6,737 | 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 | 0.000005002 | +0.235% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000004992 | +0.036% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005009 | +0.371% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004993 | +0.050% | $98.2M | $403.6M | 50x | as long as short |
| Gate PEPE_USDTshort | +0.0100% | 8h | 0.000004994 | +0.070% | $161.2M | $93.9M | 75x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004993 | +0.050% | $24.9M | $70.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004997 | +0.125% | $599K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005018 | +0.548% | $28K | $538K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004998 | +0.158% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004995 | +0.096% | $561K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0158% | 1h | 0.000004993 | +0.050% | $2K | $10K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004997 | +0.137% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDTlong | +0.0336% | 8h | 0.000004990 | long leg | $44.9M | $209.5M | 75x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0351% | 1h | 0.000004992 | +0.030% | $71K | $127K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0403% | 8h | 0.000004994 | +0.068% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0419% | 8h | 0.000004997 | +0.130% | $46.1M | $681.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0537% | 8h | 0.000005010 | +0.383% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0545% | 8h | 0.000005007 | +0.331% | $4.4M | $27.9M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0628% | 8h | 0.000004995 | +0.090% | $2.4M | $7.9M | 50x | as long as short |
| Lighter 1000PEPE | +0.0632% | 1h | 0.000004996 | +0.110% | $593K | $9.0M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0635% | 1h | 0.000005002 | +0.230% | $73K | $830K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0640% | 1h | 0.000005014 | +0.471% | $605 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005012 | +0.431% | $637K | $36.8M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0740% | 1h | 0.000005002 | +0.240% | $165K | $942K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0762% | 8h | 0.000004996 | +0.112% | — | $238.8M | — | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000004991 | +0.010% | $530K | $277K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0793% | 8h | 0.000004997 | +0.130% | $140.3M | $1.41B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0796% | 8h | 0.000005000 | +0.188% | $95.8M | $301.3M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000004999 | +0.170% | $141K | — | 3x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0843% | 1h | 0.000005021 | +0.611% | $154K | $814K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0847% | 8h | 0.000004997 | +0.138% | $1.7M | $11.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0856% | 1h | 0.000004988 | −0.043% | $4.6M | $16.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1015% | 1h | 0.000005004 | +0.271% | $52.7M | $151.9M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1106% / S −0.2070% | 1h | 0.000004000 | −19.848% | $64K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005034 | +0.872% | $3K | $111K | 12x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Deribit 1000PEPE_USDC-PERPETUAL
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP