Funding you earn now, next payment 05:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h −0.043%
Price spread now: Binance against Coinbase International+0.127%53s7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.377% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.127%, 7d avg +0.035%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.092% dearer against Coinbase International than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.035%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000PEPE-PERP-INTX | 0.000004986 | 0.0680 | pay 0.0085% / 1h | 27m 27s | $638K | $36.6M | 50x |
| Short | Binance 1000PEPEUSDT | 0.000004992 | 0.0786 | get 0.0786% / 8h | 2h 27m | $140.0M | $1.41B | 75x |
Coinbase International 1000PEPE-PERP-INTX
Binance 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $22.16
- Price spread: +0.127% → +0.035%
- $9.23
- Slippage, 4 orders
- −$17.71
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$6.32
- Costs to cover
- 0.377%
- Break-even
- 9.0 days
Slippage from Coinbase International: live order book, 2 min ago; Binance: live order book, 17 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, 2 min ago | 4.00 bp | 12.8 bp −$13 | 15.6 bp −$156 | 53.2 bp −$5,320 | doesn't fit |
| Sell Binance live order book, 17 min ago | 0.10 bp | 7.0 bp −$7 | 11.8 bp −$118 | 31.6 bp −$3,163 | 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 | 0.000004991 | +0.092% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000004987 | +0.016% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004996 | +0.201% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004991 | +0.098% | $97.9M | $404.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004988 | +0.040% | $160.7M | $94.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004995 | +0.172% | $24.9M | $70.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005001 | +0.295% | $599K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005000 | +0.273% | $27K | $537K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004994 | +0.160% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004983 | −0.056% | $558K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0177% | 1h | 0.000004989 | +0.060% | $2K | $10K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004990 | +0.089% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0335% | 8h | 0.000004991 | +0.100% | $44.7M | $210.0M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0399% | 8h | 0.000004994 | +0.158% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0417% | 8h | 0.000004994 | +0.160% | $45.9M | $682.4M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0543% | 8h | 0.000005004 | +0.361% | $4.4M | $27.9M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0547% | 8h | 0.000004999 | +0.266% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0553% | 1h | 0.000004986 | 0.000% | $71K | $127K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0616% | 1h | 0.000004990 | +0.082% | $73K | $831K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0640% | 1h | 0.000005002 | +0.321% | $603 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.0648% | 1h | 0.000005001 | +0.301% | $593K | $9.0M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0650% | 8h | 0.000004990 | +0.088% | $2.4M | $7.9M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0680% | 1h | 0.000004986 | long leg | $638K | $36.6M | 50x | |
| ApeX Omni 1000PEPEUSDT | +0.0730% | 1h | 0.000004999 | +0.261% | $154K | $813K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0735% | 1h | 0.000004994 | +0.157% | $164K | $943K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0756% | 8h | 0.000004992 | +0.114% | — | $239.1M | — | as long as short |
| Extended 1000PEPE-USD | +0.0784% | 1h | 0.000004996 | +0.200% | $528K | $277K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0785% | 8h | 0.000004990 | +0.072% | $94.7M | $301.8M | 300x | as long as short |
| Binance 1000PEPEUSDTshort | +0.0786% | 8h | 0.000004992 | +0.127% | $140.0M | $1.41B | 75x | |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000004991 | +0.100% | $141K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0837% | 8h | 0.000004990 | +0.083% | $1.7M | $11.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0857% | 1h | 0.000004984 | −0.032% | $4.5M | $16.8M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0993% | 1h | 0.000004998 | +0.241% | $52.6M | $152.1M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1117% / S −0.2147% | 1h | 0.000004000 | −19.775% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000004992 | +0.120% | $3K | $111K | 12x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP