Funding you earn now, next payment 03:00 UTC+0.0449%/8h= +49.2% APRpaid last 24h +0.059%
Price spread now: Deribit against Gate+0.080%7-day average +0.028% · 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−$36as in the Price arb table
costs, in and out, $10k−$410.413% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 4 days (all we have)+0.285%+$29 · spread now +0.080%, 7d avg +0.028%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.052% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.028%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 2.9% a year). A funding rate is set anew for every payment. 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 | 0.000005004 | 0.0100 | pay 0.0100% / 8h | 5h 08m | $164.4M | $75.7M | 75x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005008 | 0.0549 | get 0.0069% / 1h | 8m 45s | $71K | $124K | 25x |
Gate PEPE_USDT
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Gate. 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
- $94.37
- Price spread: +0.080% → +0.028%
- $5.24
- Slippage, 4 orders
- −$19.31
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $58.3
- Costs to cover
- 0.413%
- Break-even
- 2.7 days
Slippage from Gate: live order book, 5 min ago; Deribit: live order book, 20 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, 5 min ago | 1.00 bp | 12.6 bp −$13 | 19.3 bp −$193 | 77.6 bp −$7,756 | doesn't fit |
| Sell Deribit live order book, 20 min ago | 4.99 bp | 8.5 bp −$8 | 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 | 0.000005000 | −0.079% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005002 | −0.046% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005008 | +0.080% | $63K | $139K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005003 | −0.014% | $97.3M | $341.1M | 50x | as long as short |
| Gate PEPE_USDTlong | +0.0100% | 8h | 0.000005004 | long leg | $164.4M | $75.7M | 75x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005005 | +0.022% | $25.8M | $63.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005020 | +0.310% | $681K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005022 | +0.354% | $27K | $444K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005015 | +0.224% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005005 | +0.010% | $569K | $3.6M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0134% | 8h | 0.000005005 | +0.026% | $45.8M | $173.3M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005005 | +0.021% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0317% | 8h | 0.000005010 | +0.112% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0349% | 8h | 0.000005007 | +0.060% | $45.5M | $586.0M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0467% | 8h | 0.000005009 | +0.100% | $4.3M | $25.0M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0516% | 1h | 0.000005010 | +0.120% | $2K | $12K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0542% | 1h | 0.000005020 | +0.320% | $99K | $755K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0549% | 1h | 0.000005008 | +0.080% | $71K | $124K | 25x | |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005012 | +0.160% | $937K | $31.4M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0608% | 8h | 0.000005006 | +0.044% | — | $261.3M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0634% / S −0.1019% | 1h | 0.000005000 | −0.080% | $49K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0638% | 8h | 0.000005006 | +0.048% | $94.3M | $290.6M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0640% | 1h | 0.000005006 | +0.032% | $530K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0640% | 1h | 0.000004972 | −0.639% | $141K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0643% | 8h | 0.000005008 | +0.088% | $140.3M | $1.21B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0735% | 8h | 0.000005007 | +0.065% | $1.8M | $9.2M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0744% | 8h | 0.000005007 | +0.056% | $2.4M | $7.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0785% | 8h | 0.000005008 | +0.083% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0794% | 1h | 0.000005003 | −0.020% | $185K | $872K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0956% | 1h | 0.000005007 | +0.058% | $92K | $632K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0960% | 1h | 0.000005012 | +0.160% | $605 | $3K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005011 | +0.140% | $4K | $102K | 12x | as long as short |
| Lighter 1000PEPE | +0.1152% | 1h | 0.000005011 | +0.140% | $663K | $8.1M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1390% | 1h | 0.000005007 | +0.059% | $4.3M | $15.3M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1571% | 1h | 0.000005012 | +0.160% | $53.6M | $139.5M | 10x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE