Funding you earn now, next payment 08:00 UTC−0.0304%/8h= −33.3% APRnext payment −$3.04 per $10,000 · paid last 24h −0.018%
Price spread now: Gate against Orderly−0.023%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.023% cheaper against Orderly than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_1000PEPE_USDC | 0.000005129 | 0.0404 | pay 0.0404% / 8h | 52m 40s | $34K | $26K | 20x |
| Short | Gate PEPE_USDT | 0.000005128 | 0.0100 | get 0.0100% / 8h | 52m 40s | $162.9M | $97.8M | 75x |
Orderly PERP_1000PEPE_USDC
Gate PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Orderly. 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
- −$63.81
- Price spread: −0.023% → 0.000%
- −$2.34
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$87.15
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Gate: live order book, 1 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 1 min ago | 0.98 bp | 11.1 bp −$11 | 16.5 bp −$165 | 57.1 bp −$5,713 | doesn't fit |
Orderly: 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 | 0.000005134 | +0.092% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005122 | −0.144% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005130 | +0.016% | $60K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005124 | −0.097% | $99.9M | $422.8M | 50x | as long as short |
| Gate PEPE_USDTshort | +0.0100% | 8h | 0.000005128 | −0.023% | $162.9M | $97.8M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005132 | +0.046% | $608K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005162 | +0.639% | $28K | $543K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000005159 | +0.581% | $150K | $831K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005145 | +0.308% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005146 | +0.335% | $599K | $4.2M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
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 | +0.0107% | 1h | 0.000005123 | −0.121% | $2K | $11K | 10x | as long as short |
| KuCoin PEPEUSDTM | +0.0114% | 8h | 0.000005127 | −0.039% | $26.5M | $72.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005131 | +0.036% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0281% | 8h | 0.000005128 | −0.025% | $46.4M | $217.3M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0335% | 1h | 0.000005127 | −0.043% | $73K | $127K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0355% | 1h | 0.000005126 | −0.058% | $76K | $869K | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0392% | 8h | 0.000005128 | −0.023% | $47.2M | $734.1M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDClong | +0.0404% | 8h | 0.000005129 | long leg | $34K | $26K | 20x | |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005162 | +0.639% | $8K | $120K | 12x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0505% | 8h | 0.000005128 | −0.025% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0515% | 8h | 0.000005124 | −0.101% | $4.4M | $29.8M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0531% | 8h | 0.000005125 | −0.082% | $2.4M | $8.1M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005121 | −0.160% | $686K | $38.8M | 50x | as long as short |
| Lighter 1000PEPE | +0.0552% | 1h | 0.000005135 | +0.113% | $612K | $9.0M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0696% | 1h | 0.000005142 | +0.250% | $620 | $2K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0717% | 1h | 0.000005120 | −0.171% | $4.7M | $16.6M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0720% | 8h | 0.000005127 | −0.047% | — | $218.3M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0731% | 8h | 0.000005129 | −0.002% | $1.7M | $11.7M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0744% | 1h | 0.000005131 | +0.027% | $539K | $285K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0747% | 8h | 0.000005127 | −0.043% | $99.9M | $303.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0748% | 8h | 0.000005128 | −0.022% | $140.9M | $1.48B | 75x | as long as short |
| Aevo 1000PEPE-PERP | +0.0752% | 1h | 0.000005128 | −0.023% | $145K | — | 3x | as long as short |
| Nado kPEPE-PERP | +0.0793% | 1h | 0.000005133 | +0.077% | $164K | $954K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0906% | 1h | 0.000005136 | +0.133% | $53.4M | $156.9M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1132% / S −0.1782% | 1h | 0.000005000 | −2.519% | $69K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
Aster 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Nado kPEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]