Funding you earn now, next payment 04:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.031%
Price spread now: Gate against Reya−0.051%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 −$3 a day on $10k at the current rate, and Gate is 0.051% cheaper against Reya than usual: you would sell low and buy high (−$5 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 | 0.000005021 | 0.0189 | pay 0.0024% / 1h | 50m 20s | $8K | — | 15x |
| Short | Gate PEPE_USDT | 0.000005018 | 0.0100 | get 0.0100% / 8h | 4h 50m | $165.9M | $75.4M | 75x |
Reya kPEPERUSDPERP
Gate PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$18.65
- Price spread: −0.051% → 0.000%
- −$5.11
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$44.76
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago | 0.99 bp | 11.9 bp −$12 | 18.6 bp −$186 | 51.0 bp −$5,101 | 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 | 0.000005016 | −0.098% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005012 | −0.167% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005026 | +0.108% | $64K | $140K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005015 | −0.101% | $97.8M | $344.0M | 50x | as long as short |
| Gate PEPE_USDTshort | +0.0100% | 8h | 0.000005018 | −0.051% | $165.9M | $75.4M | 75x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005020 | −0.005% | $25.9M | $63.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005027 | +0.121% | $675K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005050 | +0.586% | $31K | $451K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005038 | +0.355% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005030 | +0.184% | $573K | $3.6M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0156% | 8h | 0.000005023 | +0.052% | $46.0M | $174.4M | 75x | as long as short |
| Reya kPEPERUSDPERPlong | +0.0189% | 1h | 0.000005021 | long leg | $8K | — | 15x | |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005044 | +0.467% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0328% | 8h | 0.000005015 | −0.103% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0360% | 8h | 0.000005016 | −0.091% | $45.1M | $590.8M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0465% | 1h | 0.000005031 | +0.208% | $2K | $12K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0482% | 8h | 0.000005032 | +0.228% | $4.3M | $25.1M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0546% | 1h | 0.000005029 | +0.168% | $71K | $124K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0632% | 8h | 0.000005018 | −0.053% | — | $261.6M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0664% | 1h | 0.000005033 | +0.248% | $142K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0668% | 8h | 0.000005024 | +0.074% | $93.1M | $286.5M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0668% | 8h | 0.000005021 | +0.018% | $141.2M | $1.22B | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0671% | 8h | 0.000005035 | +0.293% | $2.4M | $7.1M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0672% | 1h | 0.000005020 | −0.004% | $533K | $226K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005035 | +0.288% | $964K | $31.7M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0674% / S −0.1052% | 1h | 0.000005000 | −0.410% | $50K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0760% | 8h | 0.000005022 | +0.020% | $1.8M | $9.2M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0798% | 8h | 0.000005025 | +0.082% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0820% | 1h | 0.000005037 | +0.329% | $94K | $642K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0837% | 1h | 0.000005021 | +0.001% | $192K | $876K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0912% | 1h | 0.000005028 | +0.148% | $606 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.1000% | 1h | 0.000005025 | +0.088% | $600K | $8.2M | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1091% | 1h | 0.000005048 | +0.546% | $100K | $744K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1295% | 1h | 0.000005028 | +0.155% | $4.3M | $15.4M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1418% | 1h | 0.000005028 | +0.148% | $53.9M | $139.9M | 10x | as long as short |
Bitget PEPEUSDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Phemex u1000PEPEUSDT
Extended 1000PEPE-USD
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE