Funding you earn now, next payment 01:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h +0.037%
Price spread now: Backpack against Extended−0.245%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$400.404% of the position
Funding, last 7 days+0.134%+$13 on $10k
+Price spread, last 4 days (all we have)+0.360%+$36 · spread now −0.245%, 7d avg +0.043%
=Together, before fees+0.494%+ Points / potential airdropExtended: Active · farm board+$49 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.288% cheaper against Extended than usual: you would sell low and buy high (spread −0.245% now, against its 7-day average of +0.043%). If the spread goes back, that is −$29 on $10k: about 12 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended 1000PEPE-USD | 0.000004881 | 0.0520 | pay 0.0065% / 1h | 43m 30s | $535K | $148K | 25x |
| Short | Backpack kPEPE_USDC_PERP | 0.000004869 | 0.0601 | get 0.0075% / 1h | 43m 30s | $94K | $598K | 15x |
Extended 1000PEPE-USD
Backpack kPEPE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- $17.07
- Price spread: −0.245% → +0.043%
- −$28.8
- Slippage, 4 orders
- −$25.42
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$52.15
- Costs to cover
- 0.404%
- Break-even
- 28.4 days
Slippage from Extended: live order book, 29 min ago; Backpack: live order book, 30 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 Extended live order book, 29 min ago | 3.17 bp | 7.8 bp −$8 | 46.0 bp −$460 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 30 min ago | 2.22 bp | 10.5 bp −$11 | 23.9 bp −$239 | doesn't fit | 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 | −0.0120% | 1h | 0.000004870 | −0.222% | $3.9M | $14.0M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004873 | −0.152% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004867 | −0.278% | $15K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004879 | −0.034% | $62.4M | $108.8M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004879 | −0.034% | $57K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004876 | −0.089% | $89.3M | $300.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004875 | −0.116% | $155.2M | $65.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004877 | −0.071% | $24.4M | $55.7M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004881 | +0.001% | $42.9M | $152.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004859 | −0.449% | $574K | $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
Bitget PEPEUSDT
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 | 0.000004868 | −0.255% | $26K | $353K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004877 | −0.081% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004870 | −0.218% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004871 | −0.208% | $552K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004869 | −0.228% | $2.3M | $6.5M | 50x | as long as short |
| Lighter 1000PEPE | +0.0128% | 1h | 0.000004881 | +0.007% | $573K | $6.7M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0183% | 8h | 0.000004877 | −0.072% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004868 | −0.261% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0192% | 8h | 0.000004882 | +0.028% | $43.1M | $517.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0308% | 8h | 0.000004869 | −0.239% | $4.0M | $23.1M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0310% | 8h | 0.000004867 | −0.278% | $30K | $13K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004872 | −0.177% | $554K | $26.4M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0386% | 1h | 0.000004882 | +0.036% | $185K | $849K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0408% | 1h | 0.000004884 | +0.069% | $1K | $2K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0444% / S −0.0656% | 1h | 0.000004000 | −18.044% | $46K | — | 100x | as long as short |
| BingX 1000PEPE-USDT | +0.0506% | 8h | 0.000004881 | +0.003% | — | $256.4M | — | as long as short |
| Extended 1000PEPE-USDlong | +0.0520% | 1h | 0.000004881 | long leg | $535K | $148K | 25x | |
| MEXC PEPE_USDT | +0.0522% | 8h | 0.000004874 | −0.142% | $95.7M | $281.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0522% | 8h | 0.000004882 | +0.037% | $137.6M | $1.08B | 75x | as long as short |
| Aevo 1000PEPE-PERP | +0.0528% | 1h | 0.000004872 | −0.177% | $138K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0535% | 8h | 0.000004882 | +0.036% | $1.5M | $7.4M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0588% | 1h | 0.000004871 | −0.198% | $101K | $754K | 25x | as long as short |
| Backpack kPEPE_USDC_PERPshort | +0.0601% | 1h | 0.000004869 | −0.245% | $94K | $598K | 15x | |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004875 | −0.116% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0983% | 1h | 0.000004871 | −0.198% | $78K | $98K | 25x | as long as short |
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
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL