Funding you earn now, next payment 00:00 UTC+0.0214%/8h= +23.5% APRnext payment +$0.27 per $10,000 · paid last 24h −0.017%
Price spread now: Deribit against Extended−0.070%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Deribit is 0.070% cheaper against Extended than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 26 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.056%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.056% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 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 | Extended 1000PEPE-USD | 0.000004742 | 0.0592 | pay 0.0074% / 1h | 18m 49s | $521K | $148K | 25x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004739 | 0.0806 | get 0.0101% / 1h | 18m 49s | $76K | $98K | 25x |
Extended 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $44.98
- Price spread: −0.070% → 0.000%
- −$6.96
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $26.02
- Costs to cover
- 0.120%
- Break-even
- 3.0 days
Slippage unknown: Extended: live order book, 59 min ago; Deribit: no order-book sample. Net counts fees only.
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, 59 min ago | 3.13 bp | 7.7 bp −$8 | 45.0 bp −$450 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0241% | 1h | 0.000004733 | −0.196% | $68.1M | $94.9M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004734 | −0.171% | $17K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004735 | −0.152% | $13K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004738 | −0.087% | $3.8M | $13.7M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004734 | −0.175% | $55K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004740 | −0.048% | $86.2M | $292.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004738 | −0.091% | $149.4M | $64.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004742 | −0.008% | $24.2M | $54.6M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004740 | −0.053% | $41.9M | $150.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004733 | −0.199% | $570K | $4.2M | — | as long as short |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004744 | +0.044% | $25K | $350K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004745 | +0.057% | $99K | $755K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004747 | +0.108% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004740 | −0.048% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004739 | −0.072% | $534K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0104% | 1h | 0.000004742 | −0.006% | $592K | $6.5M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0174% | 8h | 0.000004737 | −0.112% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004739 | −0.079% | $7K | — | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0194% | 8h | 0.000004742 | −0.002% | $2.3M | $6.5M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0203% | 8h | 0.000004742 | −0.006% | $41.1M | $494.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0280% | 1h | 0.000004745 | +0.057% | $544 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0322% | 8h | 0.000004736 | −0.133% | $3.9M | $22.3M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0373% | 8h | 0.000004738 | −0.084% | $29K | $13K | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0386% / S −0.0311% | 1h | 0.000004000 | −15.653% | $49K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004741 | −0.027% | $579K | $25.5M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004736 | −0.133% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0553% | 1h | 0.000004742 | −0.004% | $90K | $601K | 15x | as long as short |
| BingX 1000PEPE-USDT | +0.0575% | 8h | 0.000004741 | −0.021% | — | $257.1M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0584% | 8h | 0.000004738 | −0.082% | $1.5M | $7.3M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0588% | 8h | 0.000004742 | +0.002% | $131.2M | $1.07B | 75x | as long as short |
| Extended 1000PEPE-USDlong | +0.0592% | 1h | 0.000004742 | long leg | $521K | $148K | 25x | |
| Aevo 1000PEPE-PERP | +0.0592% | 1h | 0.000004739 | −0.070% | $134K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0593% | 8h | 0.000004747 | +0.105% | $88.1M | $282.1M | 300x | as long as short |
| Nado kPEPE-PERP | +0.0643% | 1h | 0.000004742 | −0.008% | $179K | $850K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0806% | 1h | 0.000004739 | −0.070% | $76K | $98K | 25x |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
01 Exchange kPEPEUSD
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
BingX 1000PEPE-USDT
Aster 1000PEPEUSDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Nado kPEPE-PERP