Funding you earn now, next payment 22:00 UTC+0.0677%/8h= +74.1% APRpaid last 24h +0.022%
Price spread now: Deribit against Gate+0.082%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.020%+$2 on $10k
+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 +$20 a day on $10k at the current rate, and Deribit is 0.082% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.020% in total (about 1.1% 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 | Gate PEPE_USDT | 0.000004870 | 0.0100 | pay 0.0100% / 8h | 2h 50m | $148.7M | $60.5M | 75x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004874 | 0.0777 | get 0.0097% / 1h | 50m 16s | $82K | $94K | 25x |
Gate PEPE_USDT
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $142.15
- Price spread: +0.082% → 0.000%
- $8.21
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $128.36
- Costs to cover
- 0.220%
- Break-even
- 0.7 days
Slippage unknown: Gate: live order book, 4 min ago; Deribit: no order-book sample. 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 Gate live order book, 4 min ago | 3.12 bp | 12.6 bp −$13 | 19.7 bp −$197 | 76.0 bp −$7,603 | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004851 | −0.390% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004869 | −0.021% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004872 | +0.041% | $545K | $5.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004876 | +0.123% | $56.4M | $68.4M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004856 | −0.287% | $58K | $108K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004868 | −0.043% | $89.1M | $271.8M | 50x | as long as short |
| Gate PEPE_USDTlong | +0.0100% | 8h | 0.000004870 | long leg | $148.7M | $60.5M | 75x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004871 | +0.021% | $23.8M | $50.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004845 | −0.523% | $708K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004830 | −0.817% | $27K | $336K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | 0.000004879 | +0.185% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004873 | +0.070% | $553K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0105% | 8h | 0.000004872 | +0.041% | $41.8M | $492.9M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0175% | 8h | 0.000004869 | −0.031% | $44.8M | $150.4M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004873 | +0.061% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0220% | 8h | 0.000004852 | −0.370% | $4.0M | $21.7M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0234% | 1h | 0.000004847 | −0.464% | $109K | $619K | 15x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0317% / S −0.0372% | 1h | 0.000004000 | −17.864% | $42K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0339% | 8h | 0.000004859 | −0.234% | $5K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0353% | 8h | 0.000004868 | −0.049% | $30K | $10K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0424% | 8h | 0.000004874 | +0.086% | $2.3M | $6.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004872 | +0.041% | $598K | $25.5M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0516% | 1h | 0.000004838 | −0.657% | $100K | $757K | 25x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004856 | −0.287% | $4K | $92K | 12x | as long as short |
| SoDEX 1000PEPE-USD | +0.0581% | 1h | 0.000004871 | +0.021% | $2K | $9K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0701% | 1h | 0.000004877 | +0.154% | $182K | $868K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0752% | 1h | 0.000004872 | +0.041% | $3.9M | $12.8M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0753% | 8h | 0.000004872 | +0.035% | — | $254.3M | — | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0777% | 1h | 0.000004874 | +0.082% | $82K | $94K | 25x | |
| MEXC PEPE_USDT | +0.0791% | 8h | 0.000004871 | +0.014% | $93.2M | $286.7M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0791% | 8h | 0.000004873 | +0.052% | $130.9M | $1.01B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000004872 | +0.049% | $535K | $146K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000004878 | +0.164% | $138K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0847% | 8h | 0.000004874 | +0.084% | $1.5M | $6.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1712% | 1h | 0.000004869 | −0.021% | $558 | $2K | 10x | as long as short |
SunX 1000PEPE-USDT
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
Injective PEPE/USDC PERP
SoDEX 1000PEPE-USD
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD