Funding you earn now, next payment 11:00 UTC−0.0272%/8h= −29.8% APRnext payment −$0.34 per $10,000 · paid last 24h −0.008%
Price spread now: Deribit against Aevo−0.020%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,149as in the Price arb table
costs, in and out, $10k−$1,14811.476% of the position
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.020%, 7d avg −0.010%
=The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.059% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo 1000PEPE-PERP | 0.000004939 | 0.0272 | pay 0.0034% / 1h | 51m 16s | $140K | — | 3x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004938 | 0 | get 0.0000% / 1h | 51m 16s | $57K | $115K | 25x |
Aevo 1000PEPE-PERP
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Aevo. 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
- −$57.12
- Price spread: −0.020% → −0.010%
- −$1.05
- Slippage, 4 orders
- −$1,124.64
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$1,205.8
- Costs to cover
- 11.476%
- Break-even
- never at this rate
Slippage from Aevo: live order book, 60 min ago; Deribit: live order book, 60 min ago.
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 Aevo live order book, 60 min ago | 265.35 bp | 552.6 bp −$553 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 60 min ago | 5.02 bp | 8.5 bp −$9 | 16.7 bp −$167 | doesn't fit | doesn't fit |
PEPE on 35 exchanges
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 | −0.0372% | 1h | 0.000004937 | −0.047% | $4.6M | $15.8M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004943 | +0.078% | $25K | $18K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | 0.0000% | 1h | 0.000004938 | −0.020% | $57K | $115K | 25x | |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004943 | +0.087% | $3K | — | 150x | as long as short |
| 01 Exchange kPEPEUSD | +0.0064% | 1h | 0.000004944 | +0.101% | $596 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004941 | +0.040% | $595K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0100% | 1h | 0.000004946 | +0.147% | $146K | $943K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004944 | +0.101% | $49.9M | $155.0M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004941 | +0.040% | $57K | $195K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004941 | +0.034% | $94.1M | $442.1M | 50x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
01 Exchange kPEPEUSD
Lighter 1000PEPE
Nado kPEPE-PERP
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDTShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004943 | +0.081% | $151.9M | $102.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004946 | +0.134% | $24.9M | $75.9M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004938 | −0.028% | $43.5M | $230.9M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004941 | +0.049% | $75K | $990K | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004937 | −0.036% | $643K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004943 | +0.085% | $27K | $570K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004945 | +0.121% | $143K | $851K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004952 | +0.261% | $2K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004939 | 0.000% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004939 | +0.002% | $580K | $4.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004933 | −0.113% | $2.3M | $8.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0110% | 8h | 0.000004944 | +0.110% | $6K | — | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0132% | 8h | 0.000004939 | 0.000% | $44.3M | $719.6M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004938 | −0.024% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0259% | 8h | 0.000004948 | +0.182% | $4.3M | $28.7M | 75x | as long as short |
| Aevo 1000PEPE-PERPlong | +0.0272% | 1h | 0.000004939 | long leg | $140K | — | 3x | |
| MEXC PEPE_USDT | +0.0276% | 8h | 0.000004946 | +0.142% | $102.1M | $295.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0276% | 8h | 0.000004943 | +0.075% | $128.2M | $1.52B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0280% | 1h | 0.000004937 | −0.044% | $518K | $285K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0281% | 8h | 0.000004947 | +0.157% | $1.7M | $12.5M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0284% | 1h | 0.000004944 | +0.101% | $4K | $122K | 12x | as long as short |
| BingX 1000PEPE-USDC | +0.0310% | 8h | 0.000004938 | −0.020% | — | $2.3M | — | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0343% | 8h | 0.000004939 | −0.006% | $32K | $30K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004943 | +0.081% | $739K | $38.8M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0839% / S −0.0953% | 1h | 0.000004000 | −19.012% | $50K | — | 100x | as long as short |
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Backpack kPEPE_USDC_PERP
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
BloFin PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
BingX 1000PEPE-USDC
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]