Funding you earn now, next payment 05:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h −0.010%
Price spread now: Coinbase International against Extended−0.503%7-day average +0.020% · 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−$92as in the Price arb table
costs, in and out, $10k−$400.397% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 4 days (all we have)+0.532%+$53 · spread now −0.503%, 7d avg +0.020%
=Together, before fees+0.470%+ Points / potential airdropExtended: Active · farm board+$47 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.523% cheaper against Extended than usual: you would sell low and buy high (−$52 if the spread goes back to its 7-day average of +0.020%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended 1000PEPE-USD | 0.000005071 | 0.0792 | pay 0.0099% / 1h | 21m 30s | $536K | $277K | 25x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000005045 | 0.0680 | get 0.0085% / 1h | 21m 30s | $643K | $37.1M | 50x |
Extended 1000PEPE-USD
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$23.52
- Price spread: −0.503% → +0.020%
- −$52.26
- Slippage, 4 orders
- −$24.69
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$115.47
- Costs to cover
- 0.397%
- Break-even
- never at this rate
Slippage from Extended: live order book, 26 min ago; Coinbase International: live order book, 3 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, 26 min ago | 2.98 bp | 7.5 bp −$7 | 42.8 bp −$428 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 3.97 bp | 12.8 bp −$13 | 17.8 bp −$178 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005064 | −0.129% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000005035 | −0.696% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005069 | −0.030% | $58K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005070 | −0.018% | $99.3M | $405.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005067 | −0.069% | $162.3M | $94.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005068 | −0.055% | $25.1M | $71.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005002 | −1.357% | $598K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005026 | −0.869% | $28K | $538K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005049 | −0.422% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005040 | −0.606% | $564K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005072 | +0.022% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0221% | 1h | 0.000005048 | −0.444% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0333% | 8h | 0.000005073 | +0.049% | $45.4M | $210.8M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0396% | 8h | 0.000005044 | −0.531% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0420% | 8h | 0.000005074 | +0.069% | $46.8M | $695.7M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0549% | 8h | 0.000005021 | −0.976% | $4.4M | $28.0M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0565% | 8h | 0.000005062 | −0.177% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0639% | 1h | 0.000005047 | −0.469% | $73K | $832K | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0649% | 8h | 0.000005040 | −0.606% | $2.4M | $7.9M | 50x | as long as short |
| Lighter 1000PEPE | +0.0672% | 1h | 0.000005073 | +0.049% | $601K | $9.1M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005076 | +0.108% | $612 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0680% | 1h | 0.000005045 | −0.503% | $643K | $37.1M | 50x | |
| Nado kPEPE-PERP | +0.0683% | 1h | 0.000005071 | +0.018% | $168K | $944K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0717% | 1h | 0.000005024 | −0.917% | $154K | $813K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0751% | 8h | 0.000005070 | −0.006% | — | $239.3M | — | as long as short |
| Extended 1000PEPE-USDlong | +0.0792% | 1h | 0.000005071 | long leg | $536K | $277K | 25x | |
| MEXC PEPE_USDT | +0.0792% | 8h | 0.000005075 | +0.089% | $96.9M | $302.5M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000005042 | −0.562% | $143K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0792% | 8h | 0.000005072 | +0.034% | $142.2M | $1.41B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0840% | 8h | 0.000005068 | −0.043% | $1.8M | $11.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0846% | 1h | 0.000005049 | −0.433% | $4.6M | $16.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0941% | 1h | 0.000005042 | −0.562% | $72K | $127K | 25x | as long as short |
| Hyperliquid kPEPE | +0.0993% | 1h | 0.000005077 | +0.128% | $53.8M | $152.6M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1129% / S −0.2171% | 1h | 0.000005000 | −1.390% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000004992 | −1.548% | $3K | $111K | 12x | as long as short |
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
Phemex u1000PEPEUSDT
Lighter 1000PEPE
01 Exchange kPEPEUSD
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP