Funding you earn now, next payment 06:00 UTC+0.0692%/8h= +75.8% APRpaid last 24h +0.095%
Price spread now: Extended against Gate+0.134%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$440.436% of the position
Funding, last 7 days+0.134%+$13 on $10k
+Price spread, last 4 days (all we have)−0.269%−$27 · spread now +0.134%, 7d avg −0.009%
=Together, before fees−0.135%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Extended is 0.143% dearer against Gate than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.009%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.134% in total (about 7.0% 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 | 0.000005162 | 0.0100 | pay 0.0100% / 8h | 2h 00m | $163.4M | $95.9M | 75x |
| Short | Extended 1000PEPE-USD | 0.000005169 | 0.0792 | get 0.0099% / 1h | 0m 10s | $547K | $281K | 25x |
Gate PEPE_USDT
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $145.32
- Price spread: +0.134% → −0.009%
- $14.27
- Slippage, 4 orders
- −$23.55
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $116.04
- Costs to cover
- 0.436%
- Break-even
- 1.4 days
Slippage from Gate: live order book, 4 min ago; Extended: live order book, 48 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 | 2.92 bp | 10.6 bp −$11 | 14.2 bp −$142 | 57.7 bp −$5,771 | doesn't fit |
| Sell Extended live order book, 48 min ago | 2.98 bp | 7.5 bp −$7 | 43.1 bp −$431 | doesn't fit | 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 | 0.000005161 | −0.019% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0007% | 1h | 0.000005166 | +0.076% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005170 | +0.155% | $59K | $178K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005165 | +0.058% | $100.8M | $411.1M | 50x | as long as short |
| Gate PEPE_USDTlong | +0.0100% | 8h | 0.000005162 | long leg | $163.4M | $95.9M | 75x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005167 | +0.105% | $26.0M | $71.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005159 | −0.067% | $617K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005129 | −0.644% | $28K | $540K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005178 | +0.306% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005172 | +0.190% | $588K | $4.2M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0135% | 1h | 0.000005169 | +0.136% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005166 | +0.072% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0315% | 8h | 0.000005163 | +0.029% | $45.9M | $213.1M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0378% | 8h | 0.000005167 | +0.095% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0420% | 8h | 0.000005166 | +0.077% | $48.3M | $719.0M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0524% | 1h | 0.000005170 | +0.155% | $74K | $127K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0537% | 8h | 0.000005173 | +0.210% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0544% | 8h | 0.000005168 | +0.116% | $4.4M | $29.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0600% | 8h | 0.000005170 | +0.165% | $2.4M | $8.0M | 50x | as long as short |
| Lighter 1000PEPE | +0.0600% | 1h | 0.000005172 | +0.194% | $623K | $9.1M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0645% | 1h | 0.000005168 | +0.108% | $163K | $953K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0649% | 1h | 0.000005165 | +0.068% | $68K | $844K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005173 | +0.213% | $624 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005153 | −0.174% | $684K | $38.1M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0703% | 1h | 0.000005129 | −0.639% | $155K | $818K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0757% | 8h | 0.000005166 | +0.072% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDT | +0.0790% | 8h | 0.000005165 | +0.068% | $99.4M | $305.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0791% | 8h | 0.000005169 | +0.130% | $143.1M | $1.44B | 75x | as long as short |
| Extended 1000PEPE-USDshort | +0.0792% | 1h | 0.000005169 | +0.134% | $547K | $281K | 25x | |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000005171 | +0.174% | $146K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0819% | 8h | 0.000005168 | +0.113% | $1.9M | $11.6M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0826% | 1h | 0.000005168 | +0.114% | $4.7M | $16.8M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1042% | 1h | 0.000005171 | +0.174% | $55.2M | $154.0M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2351% | 1h | 0.000005000 | −3.138% | $64K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005128 | −0.659% | $10K | $119K | 12x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Deribit 1000PEPE_USDC-PERPETUAL
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDC
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP