Funding you earn now, next payment 08:00 UTC+0.0315%/8h= +34.5% APRnext payment +$0.39 per $10,000 · paid last 24h +0.072%
Price spread now: Coinbase International against Reya+2.331%48s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 2.331% dearer against Reya than usual: you sell high and buy low: +$233 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya kPEPERUSDPERP | 0.000004964 | 0.0189 | pay 0.0024% / 1h | 21m 29s | $7K | — | 15x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000005080 | 0.0504 | get 0.0063% / 1h | 21m 29s | $713K | $39.7M | 50x |
Reya kPEPERUSDPERP
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Reya. 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
- $66.13
- Price spread: +2.331% → 0.000%
- $233.09
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $283.22
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 3 min ago. 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 Reya no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 3 min ago | 4.95 bp | 10.0 bp −$10 | 16.1 bp −$161 | 62.9 bp −$6,288 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005078 | +2.291% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004955 | −0.187% | $58K | $188K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004974 | +0.196% | $96.7M | $445.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004966 | +0.035% | $155.9M | $101.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004995 | +0.609% | $641K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005050 | +1.729% | $35K | $558K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005087 | +2.468% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005082 | +2.369% | $590K | $4.3M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005073 | +2.184% | $2.3M | $8.1M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0147% | 1h | 0.000005076 | +2.250% | $2K | $11K | 10x | as long as short |
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
Phemex u1000PEPEUSDT
SoDEX 1000PEPE-USDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005034 | +1.404% | $7K | $121K | 12x | as long as short |
| KuCoin PEPEUSDTM | +0.0162% | 8h | 0.000004962 | −0.044% | $26.0M | $75.1M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0182% | 8h | 0.000004954 | −0.201% | $44.8M | $225.6M | 75x | as long as short |
| Reya kPEPERUSDPERPlong | +0.0189% | 1h | 0.000004964 | long leg | $7K | — | 15x | |
| OKX PEPE-USDT-SWAP | +0.0321% | 8h | 0.000004977 | +0.256% | $45.9M | $738.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0392% | 8h | 0.000004953 | −0.229% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0393% | 1h | 0.000005078 | +2.283% | $93K | $911K | 15x | as long as short |
| Hyperliquid kPEPE | +0.0408% | 1h | 0.000004961 | −0.066% | $51.4M | $161.1M | 10x | as long as short |
| BloFin PEPE-USDT | +0.0439% | 8h | 0.000005060 | +1.928% | $4.5M | $30.5M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0442% | 8h | 0.000004975 | +0.224% | $32K | $30K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0468% | 1h | 0.000005049 | +1.706% | $148K | $839K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0504% | 1h | 0.000005080 | +2.331% | $713K | $39.7M | 50x | |
| 01 Exchange kPEPEUSD | +0.0536% | 1h | 0.000004926 | −0.771% | $594 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0592% | 1h | 0.000004945 | −0.389% | $582K | $9.1M | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0616% | 8h | 0.000004972 | +0.147% | — | $178.8M | — | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0625% | 1h | 0.000005073 | +2.184% | $4.8M | $16.8M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0640% | 1h | 0.000004956 | −0.157% | $519K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0640% | 1h | 0.000004986 | +0.437% | $141K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0643% | 8h | 0.000004973 | +0.174% | $135.9M | $1.54B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0643% | 8h | 0.000004971 | +0.137% | $99.1M | $311.0M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0667% | 8h | 0.000004982 | +0.351% | $1.7M | $12.2M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0710% | 1h | 0.000004961 | −0.056% | $153K | $973K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0735% | 1h | 0.000005080 | +2.331% | $73K | $124K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0973% / S −0.1091% | 1h | 0.000005000 | +0.719% | $51K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.4354% | 1h | 0.000004958 | −0.137% | $25K | $12K | 10x | as long as short |
Injective PEPE/USDC PERP
KuCoin PEPEUSDTM
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
ApeX Omni 1000PEPEUSDT
01 Exchange kPEPEUSD
Lighter 1000PEPE
BingX 1000PEPE-USDT
Kraken Futures PF_PEPEUSD
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD