Funding you earn now, next payment 06:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.055%
Price spread now: Coinbase International against 01 Exchange−0.233%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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.233% cheaper against 01 Exchange than usual: you would sell low and buy high (−$23 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 | 01 Exchange kPEPEUSD | 0.000005158 | 0.0672 | pay 0.0084% / 1h | 7m 29s | $622 | $3K | 10x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000005146 | 0.0624 | get 0.0078% / 1h | 7m 29s | $668K | $38.9M | 50x |
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against 01 Exchange. 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
- −$10.08
- Price spread: −0.233% → 0.000%
- −$23.26
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$50.34
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Coinbase International: 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 2 min ago | 5.83 bp | 12.7 bp −$13 | 17.6 bp −$176 | 49.6 bp −$4,959 | doesn't fit |
01 Exchange: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005127 | −0.601% | $8K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005141 | −0.320% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005149 | −0.169% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005148 | −0.194% | $60K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005156 | −0.043% | $100.8M | $420.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005146 | −0.233% | $164.1M | $97.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005115 | −0.842% | $600K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005152 | −0.112% | $28K | $543K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005153 | −0.103% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005144 | −0.266% | $596K | $4.2M | 75x | as long as short |
Injective PEPE/USDC PERP
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-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0112% | 8h | 0.000005155 | −0.062% | $26.3M | $72.6M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0159% | 1h | 0.000005149 | −0.174% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005153 | −0.095% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0285% | 8h | 0.000005155 | −0.060% | $46.1M | $216.3M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0334% | 1h | 0.000005144 | −0.271% | $73K | $127K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0392% | 8h | 0.000005162 | +0.078% | $47.6M | $735.9M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0399% | 8h | 0.000005161 | +0.052% | $34K | $26K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0422% | 1h | 0.000005152 | −0.116% | $150K | $829K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0453% | 1h | 0.000005150 | −0.163% | $73K | $864K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0453% | 1h | 0.000005148 | −0.200% | $4.7M | $16.5M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0514% | 8h | 0.000005149 | −0.174% | $4.5M | $29.6M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0516% | 8h | 0.000005150 | −0.159% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0524% | 8h | 0.000005149 | −0.176% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0624% | 1h | 0.000005146 | −0.233% | $668K | $38.9M | 50x | |
| 01 Exchange kPEPEUSDlong | +0.0672% | 1h | 0.000005158 | long leg | $622 | $3K | 10x | |
| Lighter 1000PEPE | +0.0696% | 1h | 0.000005153 | −0.097% | $615K | $9.1M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0706% | 1h | 0.000005156 | −0.040% | $165K | $960K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0720% | 8h | 0.000005157 | −0.023% | — | $218.0M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0752% | 1h | 0.000005150 | −0.155% | $146K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0752% | 8h | 0.000005157 | −0.028% | $1.8M | $11.7M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0759% | 8h | 0.000005156 | −0.031% | $141.7M | $1.47B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0760% | 1h | 0.000005148 | −0.191% | $540K | $284K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0761% | 8h | 0.000005146 | −0.223% | $99.9M | $306.6M | 300x | as long as short |
| Hyperliquid kPEPE | +0.0952% | 1h | 0.000005158 | 0.000% | $53.6M | $156.8M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1132% / S −0.2249% | 1h | 0.000005000 | −3.063% | $64K | — | 100x | as long as short |
KuCoin PEPEUSDTM
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
ApeX Omni 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]