Funding you earn now, next payment 22:00 UTC+0.0233%/8h= +25.5% APRnext payment +$0.29 per $10,000 · paid last 24h +0.022%
Price spread now: Extended against Deribit−0.108%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+0.056%+$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Extended is 0.108% cheaper against Deribit than usual: you would sell low and buy high (spread −0.108% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 37 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.056% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.056% in total (about 2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 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 | 0.000004807 | 0.0583 | pay 0.0073% / 1h | 32m 22s | $81K | $94K | 25x |
| Short | Extended 1000PEPE-USD | 0.000004802 | 0.0816 | get 0.0102% / 1h | 32m 22s | $529K | $147K | 25x |
Deribit 1000PEPE_USDC-PERPETUAL
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $48.97
- Price spread: −0.108% → 0.000%
- −$10.77
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $26.2
- Costs to cover
- 0.120%
- Break-even
- 3.3 days
Slippage unknown: Deribit: no order-book sample; Extended: live order book, 55 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 Extended live order book, 55 min ago | 3.05 bp | 7.7 bp −$8 | 45.4 bp −$454 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004800 | −0.151% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004789 | −0.364% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004796 | −0.229% | $56.8M | $70.1M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004806 | −0.021% | $59K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004791 | −0.322% | $88.3M | $273.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004796 | −0.229% | $148.6M | $61.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004796 | −0.231% | $23.7M | $52.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004799 | −0.160% | $705K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004804 | −0.068% | $27K | $338K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004826 | +0.395% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | 0.000004801 | −0.119% | $553K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0131% | 8h | 0.000004794 | −0.270% | $41.2M | $487.2M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0171% | 8h | 0.000004798 | −0.196% | $43.2M | $152.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004798 | −0.188% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0245% | 8h | 0.000004812 | +0.104% | $3.9M | $21.7M | 75x | as long as short |
| Lighter 1000PEPE | +0.0304% | 1h | 0.000004806 | −0.021% | $591K | $5.1M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −16.788% | $52K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000004792 | −0.314% | $29K | $11K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0381% | 8h | 0.000004806 | −0.015% | $5K | $16 | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004816 | +0.187% | $577K | $25.4M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0467% | 8h | 0.000004811 | +0.079% | $2.3M | $6.3M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0488% | 1h | 0.000004805 | −0.035% | $95K | $622K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004814 | +0.146% | $4K | $92K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0583% | 1h | 0.000004807 | long leg | $81K | $94K | 25x | |
| SoDEX 1000PEPE-USD | +0.0627% | 1h | 0.000004808 | +0.021% | $2K | $9K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0670% | 1h | 0.000004816 | +0.187% | $100K | $758K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0683% | 1h | 0.000004800 | −0.138% | $179K | $859K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0762% | 1h | 0.000004808 | +0.022% | $3.9M | $13.0M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0766% | 8h | 0.000004793 | −0.293% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDT | +0.0814% | 8h | 0.000004803 | −0.073% | $90.2M | $289.8M | 300x | as long as short |
| Extended 1000PEPE-USDshort | +0.0816% | 1h | 0.000004802 | −0.108% | $529K | $147K | 25x | |
| Aevo 1000PEPE-PERP | +0.0816% | 1h | 0.000004811 | +0.083% | $136K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0818% | 8h | 0.000004799 | −0.175% | $127.2M | $1.02B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0859% | 8h | 0.000004800 | −0.150% | $1.5M | $6.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1232% | 1h | 0.000004812 | +0.104% | $551 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Lighter 1000PEPE
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDC
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD