Funding you earn now, next payment 22:00 UTC−0.0692%/8h= −75.8% APRpaid last 24h −0.054%
Price spread now: Bybit against Extended−0.121%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$360.358% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 4 days (all we have)+0.170%+$17 · spread now −0.121%, 7d avg −0.001%
=Together, before fees+0.049%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Bybit is 0.121% cheaper against Extended than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.3% 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 | Extended 1000PEPE-USD | 0.000004876 | 0.0792 | pay 0.0099% / 1h | 49m 42s | $535K | $146K | 25x |
| Short | Bybit 1000PEPEUSDT | 0.000004870 | 0.0100 | get 0.0100% / 8h | 2h 49m | $89.1M | $271.9M | 50x |
Extended 1000PEPE-USD
Bybit 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$145.32
- Price spread: −0.121% → −0.001%
- −$12.05
- Slippage, 4 orders
- −$19.81
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$193.19
- Costs to cover
- 0.358%
- Break-even
- never at this rate
Slippage from Extended: live order book, 38 min ago; Bybit: live order book, 4 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, 38 min ago | 3.05 bp | 7.7 bp −$8 | 45.1 bp −$451 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.04 bp | 11.9 bp −$12 | 19.8 bp −$198 | 49.5 bp −$4,953 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004864 | −0.244% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004869 | −0.142% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004872 | −0.080% | $545K | $5.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004869 | −0.142% | $56.3M | $68.5M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004870 | −0.121% | $57K | $109K | 10x | as long as short |
| Bybit 1000PEPEUSDTshort | +0.0100% | 8h | 0.000004870 | −0.121% | $89.1M | $271.9M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004868 | −0.162% | $148.5M | $60.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004866 | −0.201% | $23.8M | $50.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004845 | −0.644% | $708K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004830 | −0.937% | $27K | $336K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Gate PEPE_USDT
KuCoin PEPEUSDTM
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 | 0.000004879 | +0.063% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004873 | −0.051% | $553K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0105% | 8h | 0.000004877 | +0.022% | $41.8M | $493.1M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0174% | 8h | 0.000004871 | −0.099% | $44.8M | $150.3M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004873 | −0.060% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0220% | 8h | 0.000004852 | −0.490% | $4.0M | $21.7M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0265% | 1h | 0.000004871 | −0.092% | $108K | $619K | 15x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0317% / S −0.0372% | 1h | 0.000004000 | −17.964% | $42K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0339% | 8h | 0.000004878 | +0.046% | $5K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0353% | 8h | 0.000004868 | −0.170% | $30K | $10K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0424% | 8h | 0.000004874 | −0.035% | $2.3M | $6.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004872 | −0.080% | $598K | $25.5M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0516% | 1h | 0.000004838 | −0.777% | $100K | $757K | 25x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004856 | −0.408% | $4K | $92K | 12x | as long as short |
| SoDEX 1000PEPE-USD | +0.0581% | 1h | 0.000004871 | −0.101% | $2K | $9K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0701% | 1h | 0.000004877 | +0.033% | $182K | $868K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0752% | 1h | 0.000004872 | −0.080% | $3.9M | $12.8M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0756% | 8h | 0.000004870 | −0.123% | — | $2.3M | — | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0777% | 1h | 0.000004874 | −0.039% | $82K | $94K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0791% | 8h | 0.000004880 | +0.076% | $92.7M | $286.8M | 300x | as long as short |
| Extended 1000PEPE-USDlong | +0.0792% | 1h | 0.000004876 | long leg | $535K | $146K | 25x | |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000004878 | +0.043% | $138K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0794% | 8h | 0.000004873 | −0.063% | $130.9M | $1.01B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0854% | 8h | 0.000004873 | −0.058% | $1.5M | $6.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1712% | 1h | 0.000004869 | −0.142% | $558 | $2K | 10x | as long as short |
SunX 1000PEPE-USDT
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
Injective PEPE/USDC PERP
SoDEX 1000PEPE-USD
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDC
Deribit 1000PEPE_USDC-PERPETUAL
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD