Funding you earn now, next payment 08:00 UTC−0.0249%/8h= −27.3% APRnext payment −$2.49 per $10,000 · paid last 24h −0.004%
Price spread now: Gate against Bitget−0.128%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$460.459% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 7 days+0.130%+$13 · spread now −0.128%, 7d avg −0.032%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.096% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.032%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.49 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PEPEUSDT | 0.000005012 | 0.0349 | pay 0.0349% / 8h | 3h 00m | $48.8M | $194.8M | 75x |
| Short | Gate PEPE_USDT | 0.000005006 | 0.0100 | get 0.0100% / 8h | 3h 00m | $162.9M | $91.0M | 75x |
Bitget PEPEUSDT
Gate PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- −$52.29
- Price spread: −0.128% → −0.032%
- −$9.58
- Slippage, 4 orders
- −$18.95
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$107.81
- Costs to cover
- 0.459%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Gate: live order book, 3 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 Bitget live order book, 3 min ago | 1.56 bp | 9.6 bp −$10 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 1.95 bp | 16.5 bp −$16 | 26.7 bp −$267 | 73.1 bp −$7,309 | doesn't fit |
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 | +0.612% | $19K | $95 | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | 0.0000% | 1h | 0.000005026 | +0.271% | $72K | $127K | 25x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0007% | 1h | 0.000005030 | +0.349% | $4K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +6.276% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005050 | +0.750% | $63K | $164K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005011 | −0.022% | $100.3M | $391.3M | 50x | as long as short |
| Gate PEPE_USDTshort | +0.0100% | 8h | 0.000005006 | −0.128% | $162.9M | $91.0M | 75x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005013 | +0.012% | $25.0M | $69.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005026 | +0.264% | $596K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005126 | +2.267% | $28K | $537K | 20x | as long as short |
dYdX PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | 0.000005032 | +0.393% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005026 | +0.273% | $561K | $4.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005039 | +0.533% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDTlong | +0.0349% | 8h | 0.000005012 | long leg | $48.8M | $194.8M | 75x | |
| OKX PEPE-USDT-SWAP | +0.0411% | 8h | 0.000005010 | −0.048% | $47.1M | $663.4M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0413% | 8h | 0.000005034 | +0.423% | $34K | $26K | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0505% | 1h | 0.000005028 | +0.311% | $2K | $10K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0541% | 8h | 0.000005032 | +0.391% | $4.6M | $27.6M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0558% | 8h | 0.000005049 | +0.739% | $6K | — | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005037 | +0.491% | $690K | $35.8M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0722% | 8h | 0.000005041 | +0.567% | $2.4M | $7.7M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0778% | 1h | 0.000005128 | +2.306% | $158K | $810K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0789% | 8h | 0.000005018 | +0.116% | — | $236.9M | — | as long as short |
| Extended 1000PEPE-USD | +0.0824% | 1h | 0.000005009 | −0.064% | $533K | $252K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0824% | 1h | 0.000005034 | +0.431% | $142K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0826% | 8h | 0.000005018 | +0.112% | $144.1M | $1.36B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0829% | 8h | 0.000005017 | +0.084% | $96.2M | $299.2M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0904% | 8h | 0.000005020 | +0.152% | $1.7M | $10.7M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0931% | 1h | 0.000005044 | +0.635% | $171K | $929K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0968% | 1h | 0.000005047 | +0.690% | $609 | $3K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1028% / S −0.1618% | 1h | 0.000005000 | −0.247% | $67K | — | 100x | as long as short |
| Lighter 1000PEPE | +0.1080% | 1h | 0.000005033 | +0.411% | $617K | $8.9M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1113% | 1h | 0.000005022 | +0.192% | $84K | $766K | 15x | as long as short |
| Hyperliquid kPEPE | +0.1427% | 1h | 0.000005015 | +0.052% | $53.3M | $148.7M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1626% | 1h | 0.000005021 | +0.178% | $4.6M | $16.6M | 50x | as long as short |
SunX 1000PEPE-USDT
HTX PEPE-USDT
Reya kPEPERUSDPERP
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
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
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