Funding you earn now, next payment 00:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.78 per $10,000 · paid last 24h +0.018%
Price spread now: Bitget against Gate+0.006%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$440.435% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 7 days+0.001%$0 · spread now +0.006%, 7d avg +0.030%
=Funding pays, the price is against you. Bitget is 0.024% cheaper against Gate than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.030%). If the spread goes back, that is −$2 on $10k: about 25 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PEPE_USDT | 0.000004814 | 0.0100 | pay 0.0100% / 8h | 2h 17m | $150.3M | $62.2M | 75x |
| Short | Bitget PEPEUSDT | 0.000004814 | 0.0178 | get 0.0178% / 8h | 2h 17m | $42.6M | $150.9M | 75x |
Gate PEPE_USDT
Bitget PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- $16.38
- Price spread: +0.006% → +0.030%
- −$2.41
- Slippage, 4 orders
- −$16.54
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$29.57
- Costs to cover
- 0.435%
- Break-even
- 19.6 days
Slippage from Gate: live order book, 2 min ago; Bitget: live order book, 2 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, 2 min ago | 2.08 bp | 13.4 bp −$13 | 22.5 bp −$225 | 82.1 bp −$8,210 | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.18 bp | 9.5 bp −$9 | 11.0 bp −$110 | 24.7 bp −$2,470 | 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 | 0.000004815 | +0.016% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004810 | −0.089% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004816 | +0.042% | $58.0M | $71.7M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004818 | +0.083% | $59K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004808 | −0.125% | $88.0M | $274.7M | 50x | as long as short |
| Gate PEPE_USDTlong | +0.0100% | 8h | 0.000004814 | long leg | $150.3M | $62.2M | 75x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004820 | +0.129% | $25.1M | $53.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004844 | +0.628% | $709K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004830 | +0.331% | $27K | $340K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004831 | +0.355% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004818 | +0.077% | $555K | $3.4M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0159% | 8h | 0.000004812 | −0.042% | $41.4M | $484.8M | 50x | as long as short |
| Bitget PEPEUSDTshort | +0.0178% | 8h | 0.000004814 | +0.006% | $42.6M | $150.9M | 75x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004816 | +0.046% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0276% | 8h | 0.000004816 | +0.042% | $3.8M | $21.8M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −16.909% | $52K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0405% | 8h | 0.000004817 | +0.058% | $29K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004821 | +0.145% | $579K | $25.2M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0473% | 8h | 0.000004817 | +0.060% | $2.3M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0501% | 8h | 0.000004820 | +0.122% | $5K | $16 | 20x | as long as short |
| Lighter 1000PEPE | +0.0552% | 1h | 0.000004816 | +0.042% | $609K | $5.2M | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004822 | +0.166% | $4K | $110K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0679% | 1h | 0.000004813 | −0.012% | $93K | $622K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0732% | 1h | 0.000004819 | +0.104% | $188K | $848K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0761% | 1h | 0.000004812 | −0.038% | $3.9M | $13.0M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0790% | 1h | 0.000004814 | 0.000% | $81K | $94K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0805% | 1h | 0.000004814 | 0.000% | $2K | $9K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0813% | 8h | 0.000004818 | +0.089% | — | $254.7M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0821% | 1h | 0.000004843 | +0.602% | $102K | $762K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0855% | 8h | 0.000004821 | +0.143% | $90.3M | $291.1M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0856% | 1h | 0.000004813 | −0.029% | $529K | $147K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0856% | 1h | 0.000004820 | +0.125% | $136K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0856% | 8h | 0.000004814 | +0.008% | $128.1M | $1.02B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0888% | 8h | 0.000004822 | +0.161% | $1.5M | $6.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1224% | 1h | 0.000004829 | +0.312% | $553 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
SoDEX 1000PEPE-USD
BingX 1000PEPE-USDT
ApeX Omni 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD