Funding you earn now, next payment 01:00 UTC+0.0560%/8h= +61.3% APRnext payment +$0.70 per $10,000 · paid last 24h +0.118%
Price spread now: Backpack against gTrade (Gains Network)+0.132%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Backpack is 0.132% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) PEPE/USD | 0.000005016 | L +0.0006% / S −0.0006% | pay 0.0001% / 1h | 17m 13s | $15K | — | 150x |
| Short | Backpack kPEPE_USDC_PERP | 0.000005023 | 0.0566 | get 0.0071% / 1h | 17m 13s | $95K | $601K | 15x |
gTrade (Gains Network) PEPE/USD
Backpack kPEPE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against gTrade (Gains Network). 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
- $117.58
- Price spread: +0.132% → 0.000%
- $13.16
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $110.74
- Costs to cover
- 0.200%
- Break-even
- 0.4 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 57 min ago. Net counts fees only.
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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 57 min ago | 2.22 bp | 10.5 bp −$11 | 23.9 bp −$239 | doesn't fit | doesn't fit |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0117% | 1h | 0.000005021 | +0.082% | $3.9M | $14.2M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005013 | −0.074% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USDlong | L +0.0006% / S −0.0006% | 1h | 0.000005016 | long leg | $15K | — | 150x | |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005019 | +0.052% | $59K | $120K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005025 | +0.181% | $94.3M | $307.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005017 | +0.012% | $161.0M | $68.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005024 | +0.161% | $25.8M | $57.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005020 | +0.068% | $43.9M | $153.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005008 | −0.174% | $576K | $4.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005015 | −0.026% | $52K | $379K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
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 | 0.000005028 | +0.227% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005022 | +0.112% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005024 | +0.146% | $567K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005013 | −0.072% | $2.4M | $6.7M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005020 | +0.075% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0192% | 8h | 0.000005022 | +0.112% | $44.7M | $539.2M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0237% | 8h | 0.000005019 | +0.045% | $6K | $16 | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0242% | 1h | 0.000005019 | +0.052% | $104K | $749K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0275% | 8h | 0.000005020 | +0.080% | $31K | $14K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0310% | 8h | 0.000005024 | +0.152% | $4.0M | $24.1M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000005029 | +0.251% | $684K | $27.6M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0465% | 8h | 0.000005019 | +0.054% | — | $257.4M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0479% | 8h | 0.000005022 | +0.115% | $138.7M | $1.11B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0480% | 1h | 0.000005021 | +0.094% | $552K | $148K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0480% | 8h | 0.000005016 | −0.002% | $101.9M | $288.7M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0480% | 1h | 0.000005011 | −0.108% | $142K | — | 3x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0485% / S −0.0460% | 1h | 0.000005000 | −0.327% | $58K | — | 100x | as long as short |
| Lighter 1000PEPE | +0.0504% | 1h | 0.000005028 | +0.231% | $655K | $6.8M | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0517% | 8h | 0.000005018 | +0.026% | $1.4M | $7.5M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0529% | 1h | 0.000005022 | +0.109% | $190K | $862K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0544% | 1h | 0.000005030 | +0.271% | $1K | $2K | 10x | as long as short |
| Backpack kPEPE_USDC_PERPshort | +0.0566% | 1h | 0.000005023 | +0.132% | $95K | $601K | 15x | |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000005032 | +0.311% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0747% | 1h | 0.000005022 | +0.112% | $61K | $114K | 25x | as long as short |
| Hyperliquid kPEPE | +0.1577% | 1h | 0.000005044 | +0.550% | $57.4M | $128.9M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
ApeX Omni 1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
GMX PEPE/USD [ETH-USDC]
Lighter 1000PEPE
Aster 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE