PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0304%/8h= +33.3% APRnext payment +$0.38 per $10,000 · paid last 24h +0.006%

Price spread now: Aevo against Coinbase International+0.168%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,148as in the Price arb table

costs, in and out, $10k−$1,16711.669% of the position

Long on Coinbase International Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now +0.168%, 7d avg −0.017%

Together, before fees+0.105%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Aevo is 0.185% dearer against Coinbase International than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.017%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.048% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 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	Coinbase International 1000PEPE-PERP-INTX	0.000004776	0.0448	pay 0.0056% / 1h	8m 19s	$578K	$25.4M	50x
Short	Aevo 1000PEPE-PERP	0.000004784	0.0752	get 0.0094% / 1h	8m 19s	$135K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee AevobpOrdersPrice spread, now +0.168%Rate

Funding earned: $63.84
Price spread: +0.168% → −0.017%: $18.48
Slippage, 4 orders: −$1,140.85
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$1,084.53
Costs to cover: 11.669%
Break-even: 125.9 days

Slippage from Coinbase International: live order book, 1 min ago; Aevo: live order book, 10 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 Coinbase International live order book, 1 min ago	3.13 bp	11.4 bp −$11	15.8 bp −$158	50.1 bp −$5,011	doesn't fit
Sell Aevo live order book, 10 min ago	275.11 bp	584.0 bp −$584	doesn't fit	doesn't fit	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	0.000004788	+0.258%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004775	−0.029%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004777	+0.021%	$666K	$6.0M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004773	−0.063%	$62.9M	$83.4M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004790	+0.293%	$59K	$114K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004777	+0.021%	$86.8M	$283.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004776	0.000%	$150.2M	$63.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004775	−0.025%	$24.6M	$54.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004794	+0.374%	$543K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004796	+0.413%	$28K	$344K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004789	+0.264%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004778	+0.042%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004780	+0.086%	$539K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0108%	8h	0.000004780	+0.090%	$42.0M	$148.7M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004779	+0.064%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0219%	8h	0.000004776	0.000%	$41.2M	$490.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0265%	8h	0.000004788	+0.242%	$5K	$16	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0330% / S −0.0355%	1h	0.000004000	−16.248%	$42K	—	100x	as long as short
Phemex u1000PEPEUSDT	+0.0338%	8h	0.000004779	+0.052%	$2.3M	$6.4M	50x	as long as short
BloFin PEPE-USDT	+0.0339%	8h	0.000004790	+0.293%	$3.9M	$22.1M	75x	as long as short
01 Exchange kPEPEUSD	+0.0400%	1h	0.000004785	+0.188%	$548	$2K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0447%	1h	0.000004792	+0.335%	$101K	$763K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTXlong	+0.0448%	1h	0.000004776	long leg	$578K	$25.4M	50x
Orderly PERP_1000PEPE_USDC	+0.0449%	8h	0.000004778	+0.034%	$29K	$11K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0553%	1h	0.000004787	+0.235%	$91K	$615K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0588%	1h	0.000004776	0.000%	$81K	$94K	25x	as long as short
BingX 1000PEPE-USDT	+0.0726%	8h	0.000004779	+0.057%	—	$256.4M	—	as long as short
Extended 1000PEPE-USD	+0.0744%	1h	0.000004775	−0.020%	$526K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0745%	8h	0.000004780	+0.084%	$91.5M	$286.0M	300x	as long as short
Binance 1000PEPEUSDT	+0.0745%	8h	0.000004777	+0.027%	$129.9M	$1.04B	75x	as long as short
Nado kPEPE-PERP	+0.0751%	1h	0.000004783	+0.139%	$184K	$845K	10x	as long as short
Aevo 1000PEPE-PERPshort	+0.0752%	1h	0.000004784	+0.168%	$135K	—	3x
Aster 1000PEPEUSDT	+0.0759%	8h	0.000004783	+0.147%	$1.5M	$7.2M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004795	+0.398%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1336%	1h	0.000004774	−0.036%	$3.9M	$13.3M	50x	as long as short