Funding you earn now, next payment 01:00 UTC−0.0876%/8h= −95.9% APRpaid last 24h −0.041%
Price spread now: Bitget against Deribit−0.041%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Bitget is 0.041% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.6% 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 | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004901 | 0.0976 | pay 0.0122% / 1h | 41m 14s | $74K | $103K | 25x |
| Short | Bitget PEPEUSDT | 0.000004899 | 0.0100 | get 0.0100% / 8h | 7h 41m | $43.0M | $152.2M | 75x |
Deribit 1000PEPE_USDC-PERPETUAL
Bitget PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$183.91
- Price spread: −0.041% → 0.000%
- −$4.08
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$206.99
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 3 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 3 min ago | 1.54 bp | 8.5 bp −$9 | 9.3 bp −$93 | 28.7 bp −$2,867 | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0119% | 1h | 0.000004899 | −0.039% | $3.9M | $13.9M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004891 | −0.203% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004893 | −0.161% | $15K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004903 | +0.041% | $61.2M | $110.5M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004896 | −0.102% | $57K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004893 | −0.173% | $89.7M | $300.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004897 | −0.082% | $155.7M | $65.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004899 | −0.041% | $24.7M | $56.1M | 75x | as long as short |
| Bitget PEPEUSDTshort | +0.0100% | 8h | 0.000004899 | −0.041% | $43.0M | $152.2M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004891 | −0.209% | $572K | $4.3M | — | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
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 | 0.000004881 | −0.404% | $26K | $350K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004904 | +0.059% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004899 | −0.041% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004895 | −0.118% | $556K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004900 | −0.031% | $2.3M | $6.6M | 50x | as long as short |
| Lighter 1000PEPE | +0.0152% | 1h | 0.000004902 | +0.020% | $572K | $6.7M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0187% | 8h | 0.000004895 | −0.132% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004898 | −0.051% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0189% | 8h | 0.000004896 | −0.102% | $43.3M | $519.6M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0304% | 8h | 0.000004900 | −0.031% | $30K | $13K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0312% | 8h | 0.000004897 | −0.082% | $4.0M | $23.1M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004898 | −0.061% | $556K | $26.5M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0396% | 1h | 0.000004897 | −0.082% | $186K | $848K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0424% | 1h | 0.000004903 | +0.041% | $1K | $2K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0451% / S −0.0669% | 1h | 0.000004000 | −18.384% | $46K | — | 100x | as long as short |
| BingX 1000PEPE-USDT | +0.0504% | 8h | 0.000004895 | −0.118% | — | $256.4M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0518% | 8h | 0.000004900 | −0.026% | $137.3M | $1.09B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0519% | 8h | 0.000004893 | −0.155% | $96.6M | $281.5M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0520% | 1h | 0.000004898 | −0.068% | $538K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0520% | 1h | 0.000004896 | −0.102% | $138K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0534% | 8h | 0.000004900 | −0.018% | $1.5M | $7.5M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0588% | 1h | 0.000004871 | −0.612% | $101K | $754K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0608% | 1h | 0.000004894 | −0.135% | $94K | $598K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004898 | −0.061% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0976% | 1h | 0.000004901 | long leg | $74K | $103K | 25x |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP