Funding you earn now, next payment 23:00 UTC+0.0421%/8h= +46.1% APRpaid last 24h +0.039%
Price spread now: Extended against Phemex+0.075%7-day average −0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$530.528% of the position
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 3 days (all we have)−0.250%−$25 · spread now +0.075%, 7d avg −0.074%
=Together, before fees−0.146%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Extended is 0.149% dearer against Phemex than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.074%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.105% in total (about 5.5% 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 | Phemex u1000PEPEUSDT | 0.000004823 | 0.0403 | pay 0.0403% / 8h | 1h 32m | $2.3M | $6.4M | 50x |
| Short | Extended 1000PEPE-USD | 0.000004826 | 0.0824 | get 0.0103% / 1h | 32m 50s | $532K | $148K | 25x |
Phemex u1000PEPEUSDT
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Phemex. 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
- $88.36
- Price spread: +0.075% → −0.074%
- $14.88
- Slippage, 4 orders
- −$35.82
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $50.42
- Costs to cover
- 0.528%
- Break-even
- 3.0 days
Slippage from Phemex: live order book, 6 min ago; Extended: live order book, 50 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 Phemex live order book, 6 min ago | 5.84 bp | 17.6 bp −$18 | 29.4 bp −$294 | doesn't fit | doesn't fit |
| Sell Extended live order book, 50 min ago | 3.09 bp | 7.6 bp −$8 | 44.2 bp −$442 | 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 | 0.000004829 | +0.137% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004824 | +0.023% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004832 | +0.193% | $580K | $5.5M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004826 | +0.068% | $62.0M | $78.7M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004834 | +0.234% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004826 | +0.060% | $87.2M | $280.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004824 | +0.027% | $150.9M | $62.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004827 | +0.095% | $24.8M | $53.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004851 | +0.586% | $581K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004847 | +0.506% | $27K | $344K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
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 | 0.000004834 | +0.236% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004830 | +0.151% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004837 | +0.290% | $547K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0151% | 8h | 0.000004825 | +0.054% | $42.5M | $151.7M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004827 | +0.082% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0204% | 8h | 0.000004829 | +0.131% | $41.8M | $492.5M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0213% / S −0.0092% | 1h | 0.000004000 | −17.059% | $54K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0324% | 8h | 0.000004829 | +0.131% | $3.9M | $22.2M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0369% | 8h | 0.000004832 | +0.203% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDTlong | +0.0403% | 8h | 0.000004823 | long leg | $2.3M | $6.4M | 50x | |
| Orderly PERP_1000PEPE_USDC | +0.0445% | 8h | 0.000004830 | +0.153% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004835 | +0.255% | $590K | $25.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0456% | 1h | 0.000004832 | +0.193% | $554 | $2K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0579% | 1h | 0.000004830 | +0.151% | $82K | $94K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0593% | 1h | 0.000004830 | +0.151% | $92K | $615K | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0709% | 1h | 0.000004846 | +0.483% | $103K | $764K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0739% | 1h | 0.000004832 | +0.189% | $186K | $855K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0799% | 8h | 0.000004828 | +0.104% | — | $256.1M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0821% | 8h | 0.000004830 | +0.143% | $130.8M | $1.03B | 75x | as long as short |
| Extended 1000PEPE-USDshort | +0.0824% | 1h | 0.000004826 | +0.075% | $532K | $148K | 25x | |
| Aevo 1000PEPE-PERP | +0.0824% | 1h | 0.000004832 | +0.193% | $137K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0826% | 8h | 0.000004829 | +0.135% | $91.5M | $283.8M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0848% | 8h | 0.000004829 | +0.141% | $1.5M | $7.0M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004822 | −0.015% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1321% | 1h | 0.000004828 | +0.111% | $4.0M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD