Funding you earn now, next payment 02:00 UTC−0.0225%/8h= −24.6% APRnext payment −$0.28 per $10,000 · paid last 24h +0.011%
Price spread now: Aevo against Deribit−0.059%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,118as in the Price arb table
costs, in and out, $10k−$2,11221.115% of the position
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 3 days (all we have)+0.094%+$9 · spread now −0.059%, 7d avg +0.003%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aevo is 0.062% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.003%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 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 | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005073 | 0.0737 | pay 0.0092% / 1h | 27m 50s | $62K | $114K | 25x |
| Short | Aevo 1000PEPE-PERP | 0.000005070 | 0.0512 | get 0.0064% / 1h | 27m 50s | $143K | — | 3x |
Deribit 1000PEPE_USDC-PERPETUAL
Aevo 1000PEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Deribit. 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
- −$47.16
- Price spread: −0.059% → +0.003%
- −$6.19
- Slippage, 4 orders
- −$2,088.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$2,164.85
- Costs to cover
- 21.115%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 6 min ago; Aevo: live order book, 41 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 Deribit live order book, 6 min ago | 5.97 bp | 9.5 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aevo live order book, 41 min ago | 440.51 bp | 1062.3 bp −$1,062 | doesn't fit | doesn't fit | doesn't fit |
PEPE on 34 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 | 0.000005042 | −0.617% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005061 | −0.239% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005050 | −0.453% | $61K | $125K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005060 | −0.258% | $98.5M | $321.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005061 | −0.237% | $161.3M | $70.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005066 | −0.148% | $25.1M | $60.2M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005062 | −0.223% | $46.5M | $160.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005030 | −0.853% | $565K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005036 | −0.724% | $27K | $409K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005070 | −0.065% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005049 | −0.465% | $569K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005069 | −0.088% | $8K | — | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0204% | 8h | 0.000005060 | −0.248% | $2.4M | $6.9M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0227% | 8h | 0.000005064 | −0.177% | $44.9M | $566.2M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0277% | 8h | 0.000005075 | +0.032% | $33K | $23K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0340% | 1h | 0.000005036 | −0.729% | $106K | $746K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000005063 | −0.197% | $656K | $29.2M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0479% | 8h | 0.000005061 | −0.235% | — | $2.3M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0507% / S −0.0412% | 1h | 0.000005000 | −1.439% | $63K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0511% | 8h | 0.000005059 | −0.276% | $95.7M | $289.9M | 300x | as long as short |
| Aevo 1000PEPE-PERPshort | +0.0512% | 1h | 0.000005070 | −0.059% | $143K | — | 3x | |
| Binance 1000PEPEUSDT | +0.0518% | 8h | 0.000005063 | −0.198% | $143.0M | $1.16B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0520% | 1h | 0.000005062 | −0.221% | $557K | $199K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0539% | 8h | 0.000005050 | −0.463% | $6K | $16 | 20x | as long as short |
| Aster 1000PEPEUSDT | +0.0609% | 8h | 0.000005067 | −0.114% | $1.7M | $8.1M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0614% | 1h | 0.000005065 | −0.165% | $178K | $878K | 10x | as long as short |
| SoDEX 1000PEPE-USD | +0.0615% | 1h | 0.000005067 | −0.118% | $2K | $12K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0737% | 1h | 0.000005073 | long leg | $62K | $114K | 25x | |
| Kraken Futures PF_PEPEUSD | +0.0822% | 1h | 0.000005066 | −0.136% | $4.0M | $14.5M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000005061 | −0.237% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0923% | 1h | 0.000005069 | −0.085% | $102K | $616K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0984% | 1h | 0.000005064 | −0.177% | $1K | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.1472% | 1h | 0.000005077 | +0.079% | $1.1M | $7.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2236% | 1h | 0.000005072 | −0.020% | $55.9M | $135.7M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Paradex kPEPE-USD-PERP
Aster 1000PEPEUSDT
Nado kPEPE-PERP
SoDEX 1000PEPE-USD
Kraken Futures PF_PEPEUSD
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE