Funding you earn now, next payment 23:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.026%
Price spread now: Bitget against Reya+0.150%49s7-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
=The price spread pays, funding is against you. Bitget is 0.150% dearer against Reya than usual: you sell high and buy low (spread +0.150% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.5 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya kPEPERUSDPERP | 0.000004806 | 0.0189 | pay 0.0024% / 1h | 21m 47s | $7K | — | 15x |
| Short | Bitget PEPEUSDT | 0.000004813 | 0.0130 | get 0.0130% / 8h | 1h 21m | $42.3M | $152.1M | 75x |
Reya kPEPERUSDPERP
Bitget PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$12.31
- Price spread: +0.150% → 0.000%
- $14.99
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$15.31
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago | 1.77 bp | 9.7 bp −$10 | 10.7 bp −$107 | 14.4 bp −$1,440 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004811 | +0.111% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004803 | −0.071% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004820 | +0.291% | $670K | $5.8M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004816 | +0.208% | $62.9M | $80.5M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004816 | +0.208% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004810 | +0.083% | $87.1M | $281.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004810 | +0.083% | $150.3M | $63.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004815 | +0.177% | $24.8M | $54.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004813 | +0.144% | $537K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004812 | +0.135% | $27K | $343K | 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 | 0.000004816 | +0.198% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004810 | +0.083% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004812 | +0.125% | $543K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDTshort | +0.0130% | 8h | 0.000004813 | +0.150% | $42.3M | $152.1M | 75x | |
| Reya kPEPERUSDPERPlong | +0.0189% | 1h | 0.000004806 | long leg | $7K | — | 15x | |
| OKX PEPE-USDT-SWAP | +0.0205% | 8h | 0.000004813 | +0.146% | $41.9M | $492.8M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0211% / S −0.0090% | 1h | 0.000004000 | −16.771% | $54K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0311% | 8h | 0.000004804 | −0.038% | $5K | $16 | 20x | as long as short |
| BloFin PEPE-USDT | +0.0327% | 8h | 0.000004808 | +0.042% | $3.9M | $22.1M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0372% | 8h | 0.000004810 | +0.094% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0408% | 1h | 0.000004810 | +0.083% | $551 | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004810 | +0.083% | $594K | $25.7M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0449% | 8h | 0.000004807 | +0.013% | $29K | $11K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0579% | 1h | 0.000004813 | +0.148% | $92K | $615K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0583% | 1h | 0.000004807 | +0.021% | $81K | $94K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0605% | 1h | 0.000004813 | +0.146% | $102K | $763K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0756% | 1h | 0.000004810 | +0.089% | $186K | $853K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0766% | 8h | 0.000004815 | +0.192% | — | $256.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0784% | 1h | 0.000004808 | +0.042% | $136K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0785% | 8h | 0.000004814 | +0.175% | $130.5M | $1.04B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0788% | 8h | 0.000004813 | +0.150% | $91.5M | $284.9M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000004816 | +0.202% | $529K | $148K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0802% | 8h | 0.000004817 | +0.222% | $1.5M | $7.1M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004815 | +0.187% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1327% | 1h | 0.000004807 | +0.018% | $3.9M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD