PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0681%/8h= +74.6% APRnext payment +$6.81 per $10,000 · paid last 24h +0.003%

Price spread now: Binance against Gate+0.081%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days−0.044%−$4 · spread now +0.081%, 7d avg +0.046%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Binance is 0.034% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.046%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.81 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	Gate PEPE_USDT	0.000004795	0.0100	pay 0.0100% / 8h	1h 19m	$149.9M	$63.1M	75x
Short	Binance 1000PEPEUSDT	0.000004799	0.0781	get 0.0781% / 8h	1h 19m	$130.1M	$1.04B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.081%Rate

Funding earned: $143.1
Price spread: +0.081% → +0.046%: $3.41
Slippage, 4 orders: −$13.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: $108.42
Costs to cover: 0.381%
Break-even: 1.7 days

Slippage from Gate: live order book, 4 min ago; Binance: live order book, 9 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 Gate live order book, 4 min ago	2.08 bp	13.4 bp −$13	18.9 bp −$189	73.2 bp −$7,316	doesn't fit
Sell Binance live order book, 9 min ago	0.10 bp	8.7 bp −$9	13.4 bp −$134	34.4 bp −$3,436	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	0.000004803	+0.163%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004799	+0.083%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004798	+0.063%	$667K	$5.8M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004792	−0.063%	$62.4M	$80.9M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004807	+0.250%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004796	+0.025%	$86.8M	$281.7M	50x	as long as short
Gate PEPE_USDTlong	+0.0100%	8h	0.000004795	long leg	$149.9M	$63.1M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004797	+0.048%	$24.7M	$54.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004812	+0.352%	$543K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004812	+0.365%	$27K	$343K	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	0.000004810	+0.315%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004800	+0.104%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004806	+0.223%	$542K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0128%	8h	0.000004798	+0.073%	$42.2M	$151.4M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004804	+0.194%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0204%	8h	0.000004797	+0.042%	$41.6M	$491.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0307%	8h	0.000004806	+0.240%	$5K	$16	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0315% / S −0.0333%	1h	0.000004000	−16.580%	$43K	—	100x	as long as short
BloFin PEPE-USDT	+0.0325%	8h	0.000004815	+0.417%	$3.9M	$22.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0361%	8h	0.000004799	+0.094%	$2.3M	$6.4M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0376%	1h	0.000004796	+0.021%	$81K	$94K	25x	as long as short
01 Exchange kPEPEUSD	+0.0408%	1h	0.000004808	+0.271%	$551	$2K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004801	+0.125%	$579K	$25.5M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0449%	8h	0.000004794	−0.017%	$29K	$11K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0574%	1h	0.000004797	+0.042%	$91K	$615K	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0605%	1h	0.000004813	+0.375%	$102K	$763K	25x	as long as short
BingX 1000PEPE-USDT	+0.0751%	8h	0.000004798	+0.069%	—	$256.4M	—	as long as short
Nado kPEPE-PERP	+0.0754%	1h	0.000004807	+0.260%	$186K	$853K	10x	as long as short
Binance 1000PEPEUSDTshort	+0.0781%	8h	0.000004799	+0.081%	$130.1M	$1.04B	75x
Extended 1000PEPE-USD	+0.0784%	1h	0.000004799	+0.087%	$529K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0784%	8h	0.000004802	+0.140%	$91.3M	$285.1M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0784%	1h	0.000004802	+0.146%	$136K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0802%	8h	0.000004801	+0.123%	$1.5M	$7.1M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004814	+0.396%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1330%	1h	0.000004796	+0.029%	$3.9M	$13.3M	50x	as long as short