Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.008%
Price spread now: Coinbase International against Extended+0.005%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$410.405% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.005%, 7d avg +0.044%
=Together, before fees−0.013%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.039% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.044%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended 1000PEPE-USD | 0.000005225 | 0.0808 | pay 0.0101% / 1h | 20m 53s | $553K | $231K | 25x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000005225 | 0.0712 | get 0.0089% / 1h | 20m 53s | $705K | $36.3M | 50x |
Extended 1000PEPE-USD
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. 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
- −$20.16
- Price spread: +0.005% → +0.044%
- −$3.89
- Slippage, 4 orders
- −$25.51
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$64.56
- Costs to cover
- 0.405%
- Break-even
- never at this rate
Slippage from Extended: live order book, 32 min ago; Coinbase International: 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 Extended live order book, 32 min ago | 2.82 bp | 7.2 bp −$7 | 40.6 bp −$406 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 4.78 bp | 12.7 bp −$13 | 16.9 bp −$169 | 62.9 bp −$6,291 | 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 | 0.000005219 | −0.119% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005215 | −0.192% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +1.957% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005224 | −0.014% | $66K | $162K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005232 | +0.143% | $106.9M | $381.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005227 | +0.043% | $172.4M | $88.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005222 | −0.058% | $26.1M | $68.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005213 | −0.233% | $661K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005239 | +0.270% | $29K | $534K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005223 | −0.035% | $1K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005221 | −0.073% | $585K | $3.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005224 | −0.014% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0307% | 8h | 0.000005240 | +0.300% | $50.9M | $190.8M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0401% | 8h | 0.000005220 | −0.089% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0434% | 8h | 0.000005238 | +0.254% | $50.5M | $677.8M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0463% | 8h | 0.000005221 | −0.077% | $6K | — | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0472% | 1h | 0.000005218 | −0.129% | $2K | $10K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0565% | 8h | 0.000005222 | −0.052% | $4.9M | $28.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0670% | 8h | 0.000005222 | −0.058% | $2.5M | $7.6M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0709% | 1h | 0.000005218 | −0.129% | $74K | $126K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0712% | 1h | 0.000005225 | +0.005% | $705K | $36.3M | 50x | |
| BingX 1000PEPE-USDT | +0.0762% | 8h | 0.000005241 | +0.305% | — | $235.8M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005225 | +0.005% | $148K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0804% | 8h | 0.000005221 | −0.077% | $98.8M | $296.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0806% | 8h | 0.000005237 | +0.228% | $152.2M | $1.34B | 75x | as long as short |
| Extended 1000PEPE-USDlong | +0.0808% | 1h | 0.000005225 | long leg | $553K | $231K | 25x | |
| Nado kPEPE-PERP | +0.0879% | 1h | 0.000005227 | +0.047% | $189K | $917K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0903% | 1h | 0.000005243 | +0.350% | $161K | $808K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0911% | 8h | 0.000005232 | +0.144% | $1.8M | $10.3M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0967% / S −0.1938% | 1h | 0.000005000 | −4.301% | $64K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.0984% | 1h | 0.000005228 | +0.062% | $631 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1148% | 1h | 0.000005221 | −0.070% | $68K | $724K | 15x | as long as short |
| Lighter 1000PEPE | +0.1208% | 1h | 0.000005246 | +0.407% | $632K | $8.8M | 10x | as long as short |
| Hyperliquid kPEPE | +0.1563% | 1h | 0.000005243 | +0.350% | $57.0M | $145.8M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1565% | 1h | 0.000005217 | −0.151% | $4.8M | $16.4M | 50x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
SoDEX 1000PEPE-USD
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Hyperliquid kPEPE
Kraken Futures PF_PEPEUSD