Settings8H · net · $10k
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Funding arb · Price arb /

PEPE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0618%/8h= −67.7% APRpaid last 24h −0.015%
Price spread now: Bitget against Extended+0.082%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$340.340% of the position
Long on ExtendedShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.072%−$7 on $10k
Price spread, last 4 days (all we have)+0.449%+$45 · spread now +0.082%, 7d avg +0.060%
Together, before fees+0.376%+ Points / potential airdropExtended: Active · farm board+$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.023% dearer against Extended than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of +0.060%): +$2 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.072% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.072% in total (about -3.8% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended 1000PEPE-USD0.0000048870.0800pay 0.0100% / 1h57m 30s$537K$146K25x
ShortBitget PEPEUSDT0.0000048910.0182get 0.0182% / 8h2h 57m$45.9M$141.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$129.78
Price spread: +0.082% → +0.060%
$2.25
Slippage, 4 orders
−$16.97
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$161.49
Costs to cover
0.340%
Break-even
never at this rate
Slippage from Extended: live order book, 30 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 30 min ago3.05 bp7.7 bp −$845.1 bp −$451doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago2.05 bp9.2 bp −$911.9 bp −$11925.5 bp −$2,546doesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000004885−0.043%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004895+0.178%$15K—150xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004888+0.029%$56.6M$67.0M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004888+0.029%$58K$108K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004886−0.012%$88.4M$268.6M50xas long as short
OKX PEPE-USDT-SWAP+0.0100%8h0.000004892+0.111%$42.7M$488.5M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004885−0.032%$148.9M$59.6M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004887+0.015%$24.9M$49.6M75xas long as short
Backpack kPEPE_USDC_PERP+0.0100%1h0.000004894+0.144%$97K$593K15xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004925+0.777%$724K$3.8M—as long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX 1000PEPEUSDC+0.0100%4h0.000004915+0.579%$28K$337K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004905+0.381%$2K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004898+0.234%$2K$9K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004890+0.068%$563K$3.8M75xas long as short
Bitget PEPEUSDTshort+0.0182%8h0.000004891+0.082%$45.9M$141.4M75x
Reya kPEPERUSDPERP+0.0189%1h0.000004889+0.042%$7K—15xas long as short
BloFin PEPE-USDT+0.0220%8h0.000004909+0.459%$4.0M$21.8M75xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0310% / S −0.0261%1h0.000004000−18.143%$48K—100xas long as short
Lighter 1000PEPE+0.0320%1h0.000004890+0.070%$594K$4.9M10xas long as short
Orderly PERP_1000PEPE_USDC+0.0342%8h0.000004898+0.236%$31K$10K20xas long as short
Paradex kPEPE-USD-PERP+0.0356%8h0.000004887+0.005%$5K$2620xas long as short
ApeX Omni 1000PEPEUSDT+0.0381%1h0.000004904+0.356%$101K$754K25xas long as short
Phemex u1000PEPEUSDT+0.0441%8h0.000004891+0.082%$2.4M$6.2M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0464%1h0.000004907+0.418%$631K$25.4M50xas long as short
01 Exchange kPEPEUSD+0.0504%1h0.000004894+0.152%$561$2K10xas long as short
Injective PEPE/USDC PERP+0.0555%1h0.000004922+0.725%$4K$92K12xas long as short
Kraken Futures PF_PEPEUSD+0.0748%1h0.000004898+0.236%$3.9M$12.5M50xas long as short
BingX 1000PEPE-USDT+0.0763%8h0.000004885−0.039%—$253.6M—as long as short
Nado kPEPE-PERP+0.0783%1h0.000004892+0.116%$193K$857K10xas long as short
MEXC PEPE_USDT+0.0796%8h0.000004889+0.041%$125.3M$278.9M300xas long as short
Binance 1000PEPEUSDT+0.0796%8h0.000004892+0.103%$131.4M$993.4M75xas long as short
Extended 1000PEPE-USDlong+0.0800%1h0.000004887long leg$537K$146K25x
Aevo 1000PEPE-PERP+0.0800%1h0.000004893+0.131%$138K—3xas long as short
Aster 1000PEPEUSDT+0.0862%8h0.000004892+0.113%$1.5M$6.9M50xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0976%1h0.000004901+0.295%$79K$91K25xas long as short