Funding you earn now, next payment 22:00 UTC−0.0692%/8h= −75.8% APRpaid last 24h −0.033%
Price spread now: Gate against Extended+0.063%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$410.410% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 4 days (all we have)+0.379%+$38 · spread now +0.063%, 7d avg +0.019%
=Together, before fees+0.311%+ Points / potential airdropExtended: Active · farm board+$31 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.044% dearer against Extended than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of +0.019%): +$4 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.068% in total) that is about 4.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.068% in total (about -3.5% 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 | 0.000004893 | 0.0792 | pay 0.0099% / 1h | 55m 07s | $537K | $146K | 25x |
| Short | Gate PEPE_USDT | 0.000004896 | 0.0100 | get 0.0100% / 8h | 2h 55m | $149.4M | $59.6M | 75x |
Extended 1000PEPE-USD
Gate PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.063% → +0.019%
- $4.4
- Slippage, 4 orders
- −$21.01
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$181.93
- Costs to cover
- 0.410%
- Break-even
- never at this rate
Slippage from Extended: live order book, 32 min ago; Gate: 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, 32 min ago | 3.05 bp | 7.7 bp −$8 | 45.1 bp −$451 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 2.04 bp | 9.5 bp −$10 | 14.4 bp −$144 | 54.1 bp −$5,406 | 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 | 0.000004892 | −0.020% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004893 | −0.005% | $15K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004896 | +0.063% | $56.8M | $67.1M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004897 | +0.083% | $58K | $108K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004888 | −0.099% | $88.5M | $265.8M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0100% | 8h | 0.000004888 | −0.101% | $42.8M | $484.3M | 50x | as long as short |
| Gate PEPE_USDTshort | +0.0100% | 8h | 0.000004896 | +0.063% | $149.4M | $59.6M | 75x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004888 | −0.099% | $24.7M | $48.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004889 | −0.070% | $719K | $3.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004893 | −0.008% | $28K | $335K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
OKX PEPE-USDT-SWAP
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 | 0.000004908 | +0.308% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004899 | +0.124% | $564K | $3.5M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0156% | 1h | 0.000004894 | +0.022% | $2K | $9K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0172% | 1h | 0.000004888 | −0.092% | $97K | $591K | 15x | as long as short |
| Bitget PEPEUSDT | +0.0183% | 8h | 0.000004886 | −0.137% | $45.8M | $136.3M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004898 | +0.094% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0220% | 8h | 0.000004893 | +0.002% | $4.0M | $21.6M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0312% / S −0.0263% | 1h | 0.000004000 | −18.249% | $48K | — | 100x | as long as short |
| Lighter 1000PEPE | +0.0320% | 1h | 0.000004892 | −0.019% | $587K | $4.9M | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0345% | 8h | 0.000004898 | +0.110% | $31K | $10K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0352% | 8h | 0.000004899 | +0.121% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0431% | 8h | 0.000004893 | −0.003% | $2.4M | $6.2M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004904 | +0.226% | $635K | $25.1M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0512% | 1h | 0.000004901 | +0.165% | $561 | $2K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004902 | +0.185% | $4K | $92K | 12x | as long as short |
| Nado kPEPE-PERP | +0.0639% | 1h | 0.000004898 | +0.110% | $193K | $845K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0699% | 1h | 0.000004891 | −0.039% | $101K | $755K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0749% | 1h | 0.000004891 | −0.043% | $3.9M | $12.5M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0760% | 8h | 0.000004884 | −0.182% | — | $253.7M | — | as long as short |
| Extended 1000PEPE-USDlong | +0.0792% | 1h | 0.000004893 | long leg | $537K | $146K | 25x | |
| MEXC PEPE_USDT | +0.0792% | 8h | 0.000004885 | −0.168% | $114.9M | $280.7M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000004895 | +0.042% | $138K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0793% | 8h | 0.000004893 | +0.010% | $131.4M | $987.3M | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0858% | 8h | 0.000004897 | +0.089% | $1.5M | $6.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0976% | 1h | 0.000004899 | +0.124% | $79K | $91K | 25x | as long as short |
SunX 1000PEPE-USDT
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Backpack kPEPE_USDC_PERP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Lighter 1000PEPE
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL