Funding you earn now, next payment 08:00 UTC−0.0229%/8h= −25.1% APRpaid last 24h +0.013%
Price spread now: Reya against Orderly−0.194%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Reya is 0.194% cheaper against Orderly than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_1000PEPE_USDC | 0.000005158 | 0.0418 | pay 0.0418% / 8h | 3m 46s | $34K | $26K | 20x |
| Short | Reya kPEPERUSDPERP | 0.000005148 | 0.0189 | get 0.0024% / 1h | 3m 46s | $8K | — | 15x |
Orderly PERP_1000PEPE_USDC
Reya kPEPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Orderly. 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
- −$48.09
- Price spread: −0.194% → 0.000%
- −$19.44
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$79.53
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Reya: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Reya no order-book sample | — | — | — | — | — |
Orderly and Reya: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005144 | −0.270% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005147 | −0.200% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005155 | −0.052% | $60K | $184K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005144 | −0.264% | $99.4M | $431.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005147 | −0.207% | $163.0M | $99.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005158 | +0.002% | $616K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005167 | +0.177% | $28K | $548K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005163 | +0.093% | $2K | $2.7M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005160 | +0.045% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005160 | +0.052% | $604K | $4.2M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0137% | 8h | 0.000005151 | −0.132% | $27.1M | $74.4M | 75x | as long as short |
| Reya kPEPERUSDPERPshort | +0.0189% | 1h | 0.000005148 | −0.194% | $8K | — | 15x | |
| Bitget PEPEUSDT | +0.0242% | 8h | 0.000005146 | −0.225% | $46.3M | $220.7M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0267% | 1h | 0.000005169 | +0.219% | $150K | $835K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0353% | 8h | 0.000005146 | −0.227% | $47.7M | $748.1M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005160 | +0.045% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDClong | +0.0418% | 8h | 0.000005158 | long leg | $34K | $26K | 20x | |
| Phemex u1000PEPEUSDT | +0.0445% | 8h | 0.000005155 | −0.048% | $2.4M | $8.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0448% | 8h | 0.000005149 | −0.161% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0475% | 8h | 0.000005166 | +0.161% | $4.5M | $30.5M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0483% | 1h | 0.000005159 | +0.027% | $78K | $891K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0526% | 1h | 0.000005156 | −0.033% | $74K | $127K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005165 | +0.142% | $684K | $40.0M | 50x | as long as short |
| Lighter 1000PEPE | +0.0560% | 1h | 0.000005164 | +0.122% | $620K | $9.1M | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0676% | 8h | 0.000005151 | −0.136% | — | $2.3M | — | as long as short |
| 01 Exchange kPEPEUSD | +0.0688% | 1h | 0.000005151 | −0.130% | $621 | $2K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0704% | 1h | 0.000005147 | −0.203% | $542K | $280K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0704% | 8h | 0.000005148 | −0.182% | $101.6M | $309.9M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0704% | 1h | 0.000005160 | +0.045% | $146K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0705% | 8h | 0.000005148 | −0.182% | $141.9M | $1.50B | 75x | as long as short |
| Nado kPEPE-PERP | +0.0710% | 1h | 0.000005150 | −0.146% | $164K | $960K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0712% | 1h | 0.000005156 | −0.034% | $4.8M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0713% | 8h | 0.000005149 | −0.159% | $1.7M | $12.0M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0881% | 1h | 0.000005150 | −0.149% | $53.4M | $159.5M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1020% / S −0.1217% | 1h | 0.000005000 | −3.058% | $50K | — | 100x | as long as short |
KuCoin PEPEUSDTM
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
BingX 1000PEPE-USDC
01 Exchange kPEPEUSD
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]