Funding you earn now, next payment 01:00 UTC+0.0400%/8h= +43.8% APRnext payment +$0.50 per $10,000 · paid last 24h +0.063%
Price spread now: Backpack against Reya+0.282%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Backpack is 0.282% dearer against Reya than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya kPEPERUSDPERP | 0.000005057 | 0.0189 | pay 0.0024% / 1h | 16m 02s | $8K | — | 15x |
| Short | Backpack kPEPE_USDC_PERP | 0.000005071 | 0.0589 | get 0.0074% / 1h | 16m 02s | $96K | $601K | 15x |
Reya kPEPERUSDPERP
Backpack kPEPE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Reya. 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
- $83.97
- Price spread: +0.282% → 0.000%
- $28.21
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $96.18
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Backpack: live order book, 58 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 Reya no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 58 min ago | 2.22 bp | 10.5 bp −$11 | 23.9 bp −$239 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0116% | 1h | 0.000005066 | +0.173% | $4.0M | $14.2M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005045 | −0.241% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005059 | +0.041% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005049 | −0.157% | $59K | $120K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005065 | +0.161% | $95.0M | $308.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005070 | +0.258% | $162.9M | $68.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005068 | +0.223% | $26.1M | $57.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005074 | +0.330% | $44.7M | $154.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005052 | −0.103% | $591K | $4.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005015 | −0.828% | $52K | $379K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
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 | 0.000005070 | +0.252% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005066 | +0.179% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005065 | +0.159% | $570K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005070 | +0.250% | $2.5M | $6.7M | 50x | as long as short |
| Reya kPEPERUSDPERPlong | +0.0189% | 1h | 0.000005057 | long leg | $8K | — | 15x | |
| OKX PEPE-USDT-SWAP | +0.0193% | 8h | 0.000005071 | +0.278% | $45.0M | $545.3M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0242% | 1h | 0.000005019 | −0.750% | $104K | $749K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0246% | 8h | 0.000005059 | +0.031% | $6K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0275% | 8h | 0.000005059 | +0.045% | $31K | $14K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0310% | 8h | 0.000005024 | −0.651% | $4.0M | $24.1M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000005073 | +0.318% | $692K | $27.9M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0465% | 8h | 0.000005070 | +0.252% | — | $257.5M | — | as long as short |
| MEXC PEPE_USDT | +0.0478% | 8h | 0.000005068 | +0.215% | $100.3M | $289.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0479% | 8h | 0.000005070 | +0.252% | $140.0M | $1.12B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0480% | 1h | 0.000005069 | +0.245% | $557K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0480% | 1h | 0.000005046 | −0.216% | $143K | — | 3x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0486% / S −0.0461% | 1h | 0.000005000 | −1.126% | $58K | — | 100x | as long as short |
| Lighter 1000PEPE | +0.0504% | 1h | 0.000005073 | +0.318% | $661K | $6.8M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0517% | 1h | 0.000005061 | +0.072% | $192K | $862K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0522% | 8h | 0.000005062 | +0.106% | $1.5M | $7.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0560% | 1h | 0.000005066 | +0.179% | $1K | $2K | 10x | as long as short |
| Backpack kPEPE_USDC_PERPshort | +0.0589% | 1h | 0.000005071 | +0.282% | $96K | $601K | 15x | |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000005032 | −0.493% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0936% | 1h | 0.000005066 | +0.179% | $61K | $114K | 25x | as long as short |
| Hyperliquid kPEPE | +0.1695% | 1h | 0.000005093 | +0.713% | $58.0M | $129.3M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
GMX PEPE/USD [ETH-USDC]
Lighter 1000PEPE
Nado kPEPE-PERP
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE