Funding you earn now, next payment 03:00 UTC−0.0572%/8h= −62.6% APRpaid last 24h −0.069%
Price spread now: Gate against Coinbase International+0.079%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$470.474% of the position
Funding, last 7 days−0.055%−$6 on $10k
+Price spread, last 4 days (all we have)−0.184%−$18 · spread now +0.079%, 7d avg −0.039%
=The price spread pays, funding is against you. Gate is 0.118% dearer against Coinbase International than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of −0.039%): +$12 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.055% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.055% in total (about -2.9% 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 | Coinbase International 1000PEPE-PERP-INTX | 0.000005041 | 0.0672 | pay 0.0084% / 1h | 53m 13s | $954K | $31.7M | 50x |
| Short | Gate PEPE_USDT | 0.000005045 | 0.0100 | get 0.0100% / 8h | 4h 53m | $166.6M | $75.3M | 75x |
Coinbase International 1000PEPE-PERP-INTX
Gate PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$120.12
- Price spread: +0.079% → −0.039%
- $11.84
- Slippage, 4 orders
- −$22.44
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$155.72
- Costs to cover
- 0.474%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; Gate: live order book, 6 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, 1 min ago | 3.96 bp | 10.7 bp −$11 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 1.97 bp | 13.0 bp −$13 | 22.1 bp −$221 | 73.9 bp −$7,391 | 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 | 0.000005036 | −0.097% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005051 | +0.202% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005042 | +0.020% | $64K | $140K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005055 | +0.270% | $98.5M | $343.4M | 50x | as long as short |
| Gate PEPE_USDTshort | +0.0100% | 8h | 0.000005045 | +0.079% | $166.6M | $75.3M | 75x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005049 | +0.169% | $25.9M | $63.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005057 | +0.311% | $679K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005062 | +0.416% | $31K | $450K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005048 | +0.145% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005042 | +0.026% | $574K | $3.6M | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0153% | 8h | 0.000005059 | +0.351% | $46.0M | $173.8M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0166% | 1h | 0.000005043 | +0.040% | $100K | $742K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005050 | +0.181% | $8K | — | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005044 | +0.060% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0328% | 8h | 0.000005058 | +0.329% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0363% | 8h | 0.000005059 | +0.357% | $45.9M | $594.4M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0479% | 8h | 0.000005055 | +0.278% | $4.3M | $25.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0537% | 1h | 0.000005058 | +0.337% | $2K | $12K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0626% | 8h | 0.000005057 | +0.307% | — | $261.5M | — | as long as short |
| Extended 1000PEPE-USD | +0.0664% | 1h | 0.000005058 | +0.335% | $535K | $226K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0664% | 8h | 0.000005052 | +0.224% | $94.5M | $286.3M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0664% | 1h | 0.000005049 | +0.159% | $143K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0667% | 8h | 0.000005057 | +0.325% | $142.1M | $1.22B | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0669% / S −0.1040% | 1h | 0.000005000 | −0.813% | $50K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0672% | 1h | 0.000005041 | long leg | $954K | $31.7M | 50x | |
| Phemex u1000PEPEUSDT | +0.0687% | 8h | 0.000005051 | +0.196% | $2.4M | $7.1M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0760% | 8h | 0.000005046 | +0.106% | $1.8M | $9.2M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0802% | 8h | 0.000005040 | −0.010% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0835% | 1h | 0.000005050 | +0.179% | $190K | $874K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0937% | 1h | 0.000005060 | +0.377% | $71K | $124K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0954% | 1h | 0.000005046 | +0.103% | $93K | $640K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0976% | 1h | 0.000005055 | +0.278% | $610 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.1008% | 1h | 0.000005060 | +0.377% | $623K | $8.1M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1288% | 1h | 0.000005057 | +0.321% | $4.4M | $15.4M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1460% | 1h | 0.000005053 | +0.238% | $54.1M | $139.8M | 10x | as long as short |
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
Reya kPEPERUSDPERP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Phemex u1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE