Funding you earn now, next payment 05:00 UTC−0.0189%/8h= −20.7% APRnext payment −$0.24 per $10,000 · paid last 24h +0.050%
Price spread now: Deribit against Reya−0.404%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$6 a day on $10k at the current rate, and Deribit is 0.404% cheaper against Reya than usual: you would sell low and buy high (−$40 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 | Reya kPEPERUSDPERP | 0.000005074 | 0.0189 | pay 0.0024% / 1h | 1m 49s | $8K | — | 15x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005053 | 0 | get 0.0000% / 1h | 1m 49s | $72K | $127K | 25x |
Reya kPEPERUSDPERP
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$39.67
- Price spread: −0.404% → 0.000%
- −$40.42
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$93.09
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Deribit: live order book, 17 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 Deribit live order book, 17 min ago | 6.69 bp | 10.2 bp −$10 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005043 | −0.600% | $19K | $95 | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | 0.0000% | 1h | 0.000005053 | −0.404% | $72K | $127K | 25x | |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0007% | 1h | 0.000005048 | −0.505% | $4K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +4.996% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005050 | −0.463% | $63K | $164K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005045 | −0.572% | $101.1M | $390.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005046 | −0.542% | $164.1M | $90.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005050 | −0.459% | $25.2M | $69.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005143 | +1.362% | $603K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005147 | +1.451% | $28K | $536K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
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 | 0.000005067 | −0.134% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005047 | −0.515% | $569K | $4.0M | 75x | as long as short |
| Reya kPEPERUSDPERPlong | +0.0189% | 1h | 0.000005074 | long leg | $8K | — | 15x | |
| Bitget PEPEUSDT | +0.0348% | 8h | 0.000005052 | −0.418% | $48.7M | $193.8M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0412% | 8h | 0.000005049 | −0.483% | $48.2M | $665.9M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0412% | 8h | 0.000005054 | −0.379% | $34K | $26K | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0501% | 1h | 0.000005056 | −0.345% | $2K | $10K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0544% | 8h | 0.000005096 | +0.443% | $4.7M | $27.9M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0558% | 8h | 0.000005049 | −0.474% | $6K | — | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005054 | −0.384% | $643K | $35.8M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0730% | 8h | 0.000005053 | −0.400% | $2.4M | $7.7M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0789% | 8h | 0.000005055 | −0.371% | — | $236.8M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0817% | 1h | 0.000005160 | +1.705% | $159K | $810K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0826% | 8h | 0.000005050 | −0.460% | $145.0M | $1.36B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0829% | 8h | 0.000005048 | −0.497% | $96.7M | $299.0M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0832% | 1h | 0.000005052 | −0.427% | $536K | $247K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0832% | 1h | 0.000005061 | −0.247% | $143K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0904% | 8h | 0.000005054 | −0.386% | $1.7M | $10.6M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0918% | 1h | 0.000005076 | +0.043% | $172K | $927K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0976% | 1h | 0.000005091 | +0.345% | $614 | $3K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1027% / S −0.1676% | 1h | 0.000005000 | −1.449% | $67K | — | 100x | as long as short |
| Lighter 1000PEPE | +0.1088% | 1h | 0.000005050 | −0.463% | $619K | $8.9M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1123% | 1h | 0.000005049 | −0.479% | $64K | $750K | 15x | as long as short |
| Hyperliquid kPEPE | +0.1437% | 1h | 0.000005058 | −0.306% | $53.8M | $148.4M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1615% | 1h | 0.000005054 | −0.377% | $4.6M | $16.6M | 50x | as long as short |
SunX 1000PEPE-USDT
HTX PEPE-USDT
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
SoDEX 1000PEPE-USD
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDT
ApeX Omni 1000PEPEUSDT
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE
Kraken Futures PF_PEPEUSD