Funding you earn now, next payment 23:00 UTC+0.0160%/8h= +17.5% APRnext payment +$0.20 per $10,000 · paid last 24h +0.009%
Price spread now: Aevo against Coinbase International+0.189%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,148as in the Price arb table
costs, in and out, $10k−$1,16811.678% of the position
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.189%, 7d avg −0.012%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aevo is 0.201% dearer against Coinbase International than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000PEPE-PERP-INTX | 0.000004753 | 0.0400 | pay 0.0050% / 1h | 4m 16s | $558K | $25.6M | 50x |
| Short | Aevo 1000PEPE-PERP | 0.000004762 | 0.0560 | get 0.0070% / 1h | 4m 16s | $135K | — | 3x |
Coinbase International 1000PEPE-PERP-INTX
Aevo 1000PEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Coinbase International. 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
- $33.6
- Price spread: +0.189% → −0.012%
- $20.15
- Slippage, 4 orders
- −$1,141.8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$1,114.06
- Costs to cover
- 11.678%
- Break-even
- 239.1 days
Slippage from Coinbase International: live order book, 5 min ago; Aevo: live order book, 9 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 Coinbase International live order book, 5 min ago | 2.12 bp | 11.3 bp −$11 | 14.5 bp −$145 | 51.8 bp −$5,185 | doesn't fit |
| Sell Aevo live order book, 9 min ago | 273.02 bp | 566.1 bp −$566 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0328% | 1h | 0.000004750 | −0.063% | $68.8M | $99.3M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004750 | −0.068% | $17K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004754 | +0.023% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004758 | +0.103% | $3.8M | $13.9M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004753 | 0.000% | $56K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004758 | +0.101% | $87.2M | $295.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004755 | +0.042% | $150.7M | $65.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004760 | +0.154% | $24.5M | $54.9M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004761 | +0.173% | $42.0M | $151.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004725 | −0.592% | $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 | −0.594% | $25K | $351K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004720 | −0.694% | $99K | $755K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004765 | +0.259% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004759 | +0.126% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004759 | +0.118% | $538K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0165% | 8h | 0.000004761 | +0.170% | $2.3M | $6.5M | 50x | as long as short |
| Lighter 1000PEPE | +0.0176% | 1h | 0.000004761 | +0.168% | $575K | $6.6M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0177% | 8h | 0.000004755 | +0.052% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004757 | +0.090% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0195% | 8h | 0.000004762 | +0.189% | $42.3M | $499.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0312% | 1h | 0.000004759 | +0.126% | $545 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0318% | 8h | 0.000004739 | −0.295% | $3.9M | $22.3M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0345% | 8h | 0.000004756 | +0.072% | $29K | $13K | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0394% / S −0.0432% | 1h | 0.000004000 | −15.843% | $43K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0400% | 1h | 0.000004753 | long leg | $558K | $25.6M | 50x | |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004728 | −0.526% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0532% | 1h | 0.000004761 | +0.173% | $93K | $603K | 15x | as long as short |
| BingX 1000PEPE-USDT | +0.0542% | 8h | 0.000004761 | +0.164% | — | $257.4M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0555% | 8h | 0.000004757 | +0.086% | $1.5M | $7.3M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0560% | 1h | 0.000004758 | +0.099% | $521K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERPshort | +0.0560% | 1h | 0.000004762 | +0.189% | $135K | — | 3x | |
| MEXC PEPE_USDT | +0.0562% | 8h | 0.000004759 | +0.135% | $89.9M | $283.7M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0563% | 8h | 0.000004762 | +0.192% | $133.9M | $1.07B | 75x | as long as short |
| Nado kPEPE-PERP | +0.0594% | 1h | 0.000004756 | +0.060% | $180K | $849K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.1012% | 1h | 0.000004759 | +0.126% | $77K | $98K | 25x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
01 Exchange kPEPEUSD
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
BingX 1000PEPE-USDT
Aster 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL