Funding you earn now, next payment 01:00 UTC−0.0648%/8h= −71.0% APRpaid last 24h −0.045%
Price spread now: Gate against Deribit−0.060%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$420.420% of the position
Funding, last 7 days−0.045%−$4 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 −$19 a day on $10k at the current rate, and Gate is 0.060% cheaper against Deribit than usual: you would sell low and buy high (−$6 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 -0.045% in total (about -2.3% 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 | 0.000005015 | 0.0748 | pay 0.0094% / 1h | 18m 09s | $61K | $114K | 25x |
| Short | Gate PEPE_USDT | 0.000005012 | 0.0100 | get 0.0100% / 8h | 7h 18m | $160.8M | $67.9M | 75x |
Deribit 1000PEPE_USDC-PERPETUAL
Gate PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$136.08
- Price spread: −0.060% → 0.000%
- −$5.98
- Slippage, 4 orders
- −$20
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$184.06
- Costs to cover
- 0.420%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 21 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 Deribit live order book, 21 min ago | 6.11 bp | 9.6 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 2.00 bp | 11.5 bp −$11 | 18.7 bp −$187 | 76.5 bp −$7,650 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0117% | 1h | 0.000005019 | +0.085% | $3.9M | $14.2M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004997 | −0.357% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005008 | −0.138% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005007 | −0.160% | $59K | $120K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005018 | +0.060% | $94.1M | $307.5M | 50x | as long as short |
| Gate PEPE_USDTshort | +0.0100% | 8h | 0.000005012 | −0.060% | $160.8M | $67.9M | 75x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005018 | +0.068% | $25.8M | $57.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005023 | +0.152% | $43.9M | $153.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005008 | −0.146% | $576K | $4.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005015 | +0.001% | $52K | $379K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005023 | +0.162% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005015 | 0.000% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005011 | −0.082% | $566K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005020 | +0.100% | $2.4M | $6.7M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005003 | −0.237% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0190% | 8h | 0.000005023 | +0.160% | $44.6M | $539.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0232% | 8h | 0.000004998 | −0.339% | $6K | $16 | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0242% | 1h | 0.000005019 | +0.080% | $104K | $749K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0277% | 8h | 0.000005013 | −0.046% | $31K | $14K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0308% | 8h | 0.000005011 | −0.080% | $4.0M | $23.9M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004998 | −0.339% | $676K | $27.4M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0465% | 8h | 0.000005016 | +0.024% | — | $257.4M | — | as long as short |
| Lighter 1000PEPE | +0.0480% | 1h | 0.000005023 | +0.160% | $655K | $6.8M | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0480% | 1h | 0.000005016 | +0.016% | $552K | $148K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0480% | 8h | 0.000005018 | +0.058% | $99.0M | $287.8M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0480% | 1h | 0.000005006 | −0.179% | $142K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0481% | 8h | 0.000005021 | +0.117% | $138.7M | $1.11B | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0484% / S −0.0459% | 1h | 0.000005000 | −0.299% | $58K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0528% | 8h | 0.000005000 | −0.298% | $1.4M | $7.5M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0535% | 1h | 0.000005000 | −0.307% | $190K | $862K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0536% | 1h | 0.000005007 | −0.160% | $1K | $2K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0566% | 1h | 0.000005023 | +0.160% | $95K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000005029 | +0.279% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0748% | 1h | 0.000005015 | long leg | $61K | $114K | 25x | |
| Hyperliquid kPEPE | +0.1523% | 1h | 0.000005040 | +0.499% | $57.4M | $128.4M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
ApeX Omni 1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Lighter 1000PEPE
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Hyperliquid kPEPE