PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0787%/8h= +86.1% APRnext payment +$7.87 per $10,000 · paid last 24h +0.003%

Price spread now: Binance against Gate+0.078%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.078%, 7d avg +0.047%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Binance is 0.031% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.047%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.87 per $10,000. 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	Gate PEPE_USDT	0.000004893	0.0100	pay 0.0100% / 8h	1h 55m	$152.7M	$61.9M	75x
Short	Binance 1000PEPEUSDT	0.000004897	0.0887	get 0.0887% / 8h	1h 55m	$131.3M	$1.03B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BinancebpOrdersPrice spread, now +0.078%Rate

Funding earned: $165.22
Price spread: +0.078% → +0.047%: $3.11
Slippage, 4 orders: −$16.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: $126.74
Costs to cover: 0.416%
Break-even: 1.6 days

Slippage from Gate: live order book, 4 min ago; Binance: 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 Gate live order book, 4 min ago	3.10 bp	11.3 bp −$11	18.3 bp −$183	65.5 bp −$6,545	doesn't fit
Sell Binance live order book, 4 min ago	0.10 bp	8.9 bp −$9	12.6 bp −$126	36.9 bp −$3,688	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	0.000004897	+0.083%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004888	−0.096%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004892	−0.020%	$60.2M	$74.4M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004898	+0.102%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004893	0.000%	$89.0M	$277.2M	50x	as long as short
Gate PEPE_USDTlong	+0.0100%	8h	0.000004893	long leg	$152.7M	$61.9M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004894	+0.012%	$25.2M	$53.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004876	−0.346%	$556K	$3.9M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004825	−1.386%	$27K	$341K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004900	+0.153%	$2K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000004897	+0.084%	$560K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0182%	8h	0.000004896	+0.053%	$43.1M	$151.3M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004899	+0.132%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0200%	8h	0.000004894	+0.020%	$41.8M	$495.9M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0319% / S −0.0217%	1h	0.000004000	−18.251%	$53K	—	100x	as long as short
BloFin PEPE-USDT	+0.0321%	8h	0.000004898	+0.102%	$3.9M	$22.3M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0433%	8h	0.000004898	+0.098%	$30K	$11K	20x	as long as short
Nado kPEPE-PERP	+0.0443%	1h	0.000004905	+0.244%	$192K	$848K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004893	0.000%	$579K	$25.5M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0455%	1h	0.000004893	0.000%	$2K	$9K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0466%	8h	0.000004899	+0.119%	$2.4M	$6.4M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0519%	8h	0.000004903	+0.197%	$5K	$16	20x	as long as short
Lighter 1000PEPE	+0.0528%	1h	0.000004898	+0.102%	$620K	$5.3M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0568%	1h	0.000004895	+0.041%	$83K	$94K	25x	as long as short
01 Exchange kPEPEUSD	+0.0816%	1h	0.000004906	+0.266%	$562	$2K	10x	as long as short
BingX 1000PEPE-USDC	+0.0839%	8h	0.000004893	+0.008%	—	$2.3M	—	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004885	−0.163%	$4K	$103K	12x	as long as short
Aevo 1000PEPE-PERP	+0.0880%	1h	0.000004894	+0.020%	$138K	—	3x	as long as short
MEXC PEPE_USDT	+0.0885%	8h	0.000004898	+0.104%	$92.9M	$282.1M	300x	as long as short
Binance 1000PEPEUSDTshort	+0.0887%	8h	0.000004897	+0.078%	$131.3M	$1.03B	75x
Extended 1000PEPE-USD	+0.0888%	1h	0.000004898	+0.104%	$538K	$147K	25x	as long as short
Aster 1000PEPEUSDT	+0.0918%	8h	0.000004896	+0.072%	$1.5M	$6.9M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.1184%	1h	0.000004896	+0.059%	$93K	$614K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1303%	1h	0.000004894	+0.024%	$4.0M	$13.1M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.1397%	1h	0.000004853	−0.817%	$103K	$764K	25x	as long as short