Funding you earn now, next payment 06:00 UTC+0.0149%/8h= +16.4% APRnext payment +$0.19 per $10,000 · paid last 24h −0.006%
Price spread now: Deribit against Extended−0.088%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)+0.273%+$27 · spread now −0.088%, 7d avg +0.007%
=Together, before fees+0.219%+ Points / potential airdropExtended: Active · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.095% cheaper against Extended than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of +0.007%). If the spread goes back, that is −$10 on $10k: about 2.1 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended 1000PEPE-USD | 0.000005046 | 0.0792 | pay 0.0099% / 1h | 22m 09s | $533K | $277K | 25x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005042 | 0.0941 | get 0.0118% / 1h | 22m 09s | $72K | $127K | 25x |
Extended 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $31.38
- Price spread: −0.088% → +0.007%
- −$9.53
- Slippage, 4 orders
- −$23.29
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$13.44
- Costs to cover
- 0.353%
- Break-even
- 10.0 days
Slippage from Extended: live order book, 26 min ago; Deribit: live order book, 57 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 Deribit live order book, 57 min ago | 6.69 bp | 10.2 bp −$10 | doesn't fit | 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 | 0.000005017 | −0.574% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000005035 | −0.223% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005024 | −0.445% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005044 | −0.049% | $98.8M | $405.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005037 | −0.187% | $161.5M | $94.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005051 | +0.100% | $25.0M | $71.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005002 | −0.887% | $598K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004994 | −1.040% | $27K | $537K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005049 | +0.053% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005040 | −0.132% | $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 | 0.000005042 | −0.089% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0221% | 1h | 0.000005048 | +0.031% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0332% | 8h | 0.000005048 | +0.025% | $45.3M | $210.4M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0396% | 8h | 0.000005044 | −0.056% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0420% | 8h | 0.000005046 | −0.009% | $46.7M | $691.2M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0549% | 8h | 0.000005021 | −0.504% | $4.4M | $28.0M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0564% | 8h | 0.000005021 | −0.513% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0639% | 1h | 0.000005020 | −0.526% | $73K | $831K | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0649% | 8h | 0.000005040 | −0.132% | $2.4M | $7.9M | 50x | as long as short |
| Lighter 1000PEPE | +0.0656% | 1h | 0.000005054 | +0.150% | $600K | $9.0M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005031 | −0.306% | $607 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005045 | −0.029% | $643K | $37.1M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0689% | 1h | 0.000005000 | −0.920% | $154K | $813K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0707% | 1h | 0.000005043 | −0.065% | $165K | $943K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0748% | 8h | 0.000005039 | −0.146% | — | $239.2M | — | as long as short |
| Extended 1000PEPE-USDlong | +0.0792% | 1h | 0.000005046 | long leg | $533K | $277K | 25x | |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000005042 | −0.088% | $143K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0792% | 8h | 0.000005047 | +0.011% | $141.5M | $1.41B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0793% | 8h | 0.000005047 | +0.003% | $96.0M | $302.3M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0839% | 8h | 0.000005044 | −0.058% | $1.8M | $11.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0846% | 1h | 0.000005049 | +0.042% | $4.6M | $16.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0941% | 1h | 0.000005042 | −0.088% | $72K | $127K | 25x | |
| Hyperliquid kPEPE | +0.0987% | 1h | 0.000005044 | −0.049% | $53.4M | $152.5M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1129% / S −0.2171% | 1h | 0.000005000 | −0.920% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000004992 | −1.079% | $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
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP