Funding you earn now, next payment 08:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h +0.024%
Price spread now: Reya against Phemex−0.063%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Reya is 0.063% cheaper against Phemex than usual: you would sell low and buy high (−$6 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 | Phemex u1000PEPEUSDT | 0.000005189 | 0.0474 | pay 0.0474% / 8h | 22m 42s | $2.4M | $8.1M | 50x |
| Short | Reya kPEPERUSDPERP | 0.000005186 | 0.0189 | get 0.0024% / 1h | 22m 42s | $8K | — | 15x |
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$59.76
- Price spread: −0.063% → 0.000%
- −$6.27
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$84.03
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 6 min ago; Reya: 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 Phemex live order book, 6 min ago | 6.28 bp | 23.1 bp −$23 | 29.9 bp −$299 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 | 0.000005160 | −0.566% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005187 | −0.039% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005168 | −0.412% | $60K | $183K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005164 | −0.489% | $99.4M | $429.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005187 | −0.046% | $164.7M | $99.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005155 | −0.672% | $614K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005163 | −0.505% | $28K | $546K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005199 | +0.193% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005193 | +0.064% | $604K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0121% | 8h | 0.000005186 | −0.071% | $26.9M | $74.0M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0140% | 1h | 0.000005191 | +0.031% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERPshort | +0.0189% | 1h | 0.000005186 | −0.063% | $8K | — | 15x | |
| Bitget PEPEUSDT | +0.0259% | 8h | 0.000005156 | −0.640% | $46.2M | $219.9M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0306% | 1h | 0.000005162 | −0.528% | $150K | $835K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0363% | 8h | 0.000005163 | −0.509% | $47.9M | $748.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005153 | −0.701% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0413% | 8h | 0.000005192 | +0.052% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0459% | 8h | 0.000005160 | −0.572% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDTlong | +0.0474% | 8h | 0.000005189 | long leg | $2.4M | $8.1M | 50x | |
| BloFin PEPE-USDT | +0.0483% | 8h | 0.000005195 | +0.108% | $4.6M | $30.6M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0511% | 1h | 0.000005194 | +0.083% | $70K | $883K | 15x | as long as short |
| Lighter 1000PEPE | +0.0528% | 1h | 0.000005178 | −0.220% | $621K | $9.1M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005166 | −0.451% | $688K | $39.9M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0688% | 1h | 0.000005181 | −0.158% | $167K | $956K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0700% | 8h | 0.000005156 | −0.636% | — | $2.3M | — | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0707% | 1h | 0.000005189 | −0.010% | $4.8M | $16.6M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0712% | 1h | 0.000005183 | −0.123% | $625 | $2K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0720% | 1h | 0.000005190 | +0.011% | $545K | $284K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0722% | 8h | 0.000005165 | −0.474% | $101.6M | $307.8M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0723% | 8h | 0.000005175 | −0.279% | $1.8M | $11.9M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0724% | 8h | 0.000005164 | −0.480% | $142.3M | $1.50B | 75x | as long as short |
| Aevo 1000PEPE-PERP | +0.0728% | 1h | 0.000005191 | +0.031% | $147K | — | 3x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0907% | 1h | 0.000005192 | +0.050% | $74K | $127K | 25x | as long as short |
| Hyperliquid kPEPE | +0.0966% | 1h | 0.000005194 | +0.089% | $54.1M | $158.0M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1068% / S −0.1502% | 1h | 0.000005000 | −3.650% | $47K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Kraken Futures PF_PEPEUSD
01 Exchange kPEPEUSD
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]