Funding you earn now, next payment 05:00 UTC+0.0724%/8h= +79.3% APRpaid last 24h +0.085%
Price spread now: Extended against Bybit+0.114%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$340.340% of the position
Funding, last 7 days+0.169%+$17 on $10k
+Price spread, last 4 days (all we have)−0.152%−$15 · spread now +0.114%, 7d avg +0.004%
=Together, before fees+0.017%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Extended is 0.110% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.004%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.169% in total (about 8.8% 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 | Bybit 1000PEPEUSDT | 0.000005196 | 0.0100 | pay 0.0100% / 8h | 3h 10m | $105.4M | $384.8M | 50x |
| Short | Extended 1000PEPE-USD | 0.000005202 | 0.0824 | get 0.0103% / 1h | 10m 46s | $553K | $236K | 25x |
Bybit 1000PEPEUSDT
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bybit. 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
- $152.04
- Price spread: +0.114% → +0.004%
- $10.97
- Slippage, 4 orders
- −$17.96
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $129.04
- Costs to cover
- 0.340%
- Break-even
- 1.1 days
Slippage from Bybit: live order book, 3 min ago; Extended: live order book, 42 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 Bybit live order book, 3 min ago | 0.96 bp | 8.9 bp −$9 | 17.2 bp −$172 | 34.1 bp −$3,411 | doesn't fit |
| Sell Extended live order book, 42 min ago | 2.82 bp | 7.2 bp −$7 | 40.8 bp −$408 | 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 | 0.000005219 | +0.434% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005209 | +0.241% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +2.521% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005225 | +0.558% | $65K | $163K | 10x | as long as short |
| Bybit 1000PEPEUSDTlong | +0.0100% | 8h | 0.000005196 | long leg | $105.4M | $384.8M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005201 | +0.096% | $171.3M | $89.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005206 | +0.200% | $26.1M | $68.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005209 | +0.241% | $661K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005220 | +0.467% | $29K | $534K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005221 | +0.477% | $1K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Gate PEPE_USDT
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 | 0.000005218 | +0.420% | $587K | $4.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005217 | +0.405% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0328% | 8h | 0.000005200 | +0.077% | $50.6M | $191.5M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0403% | 8h | 0.000005214 | +0.350% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0427% | 8h | 0.000005199 | +0.058% | $50.2M | $675.8M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0463% | 1h | 0.000005216 | +0.385% | $2K | $10K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0518% | 8h | 0.000005221 | +0.481% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0556% | 8h | 0.000005209 | +0.250% | $4.8M | $28.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0660% | 8h | 0.000005214 | +0.341% | $2.5M | $7.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0710% | 1h | 0.000005212 | +0.308% | $74K | $126K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005225 | +0.558% | $712K | $36.4M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0778% | 8h | 0.000005202 | +0.108% | — | $235.9M | — | as long as short |
| MEXC PEPE_USDT | +0.0818% | 8h | 0.000005206 | +0.194% | $99.2M | $296.9M | 300x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0819% | 1h | 0.000005224 | +0.539% | $161K | $809K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0822% | 8h | 0.000005202 | +0.110% | $149.8M | $1.34B | 75x | as long as short |
| Extended 1000PEPE-USDshort | +0.0824% | 1h | 0.000005202 | +0.114% | $553K | $236K | 25x | |
| Aevo 1000PEPE-PERP | +0.0824% | 1h | 0.000005214 | +0.346% | $147K | — | 3x | as long as short |
| Nado kPEPE-PERP | +0.0845% | 1h | 0.000005219 | +0.435% | $188K | $918K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0911% | 8h | 0.000005208 | +0.237% | $1.8M | $10.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0976% | 1h | 0.000005232 | +0.693% | $631 | $3K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0998% / S −0.2014% | 1h | 0.000005000 | −3.772% | $64K | — | 100x | as long as short |
| Lighter 1000PEPE | +0.1096% | 1h | 0.000005218 | +0.423% | $621K | $8.8M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1143% | 1h | 0.000005207 | +0.219% | $68K | $724K | 15x | as long as short |
| Hyperliquid kPEPE | +0.1483% | 1h | 0.000005204 | +0.154% | $56.6M | $146.3M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1566% | 1h | 0.000005213 | +0.324% | $4.8M | $16.4M | 50x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
MEXC PEPE_USDT
ApeX Omni 1000PEPEUSDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Nado kPEPE-PERP
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE
Kraken Futures PF_PEPEUSD