Funding you earn now, next payment 08:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.031%
Price spread now: Gate against Reya−0.089%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 −$3 a day on $10k at the current rate, and Gate is 0.089% cheaper against Reya than usual: you would sell low and buy high (−$9 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 | Reya kPEPERUSDPERP | 0.000005168 | 0.0189 | pay 0.0024% / 1h | 37m 02s | $8K | — | 15x |
| Short | Gate PEPE_USDT | 0.000005163 | 0.0100 | get 0.0100% / 8h | 37m 02s | $163.9M | $98.8M | 75x |
Reya kPEPERUSDPERP
Gate PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$18.7
- Price spread: −0.089% → 0.000%
- −$8.88
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$48.58
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago | 2.90 bp | 13.7 bp −$14 | 20.6 bp −$206 | 81.9 bp −$8,193 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005157 | −0.206% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005163 | −0.095% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005165 | −0.050% | $60K | $183K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005168 | +0.010% | $99.4M | $427.8M | 50x | as long as short |
| Gate PEPE_USDTshort | +0.0100% | 8h | 0.000005163 | −0.089% | $163.9M | $98.8M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005207 | +0.772% | $652K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005167 | −0.015% | $28K | $546K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005167 | −0.013% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005159 | −0.166% | $600K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0129% | 8h | 0.000005168 | +0.016% | $26.9M | $73.7M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERPlong | +0.0189% | 1h | 0.000005168 | long leg | $8K | — | 15x | |
| Bitget PEPEUSDT | +0.0269% | 8h | 0.000005168 | −0.002% | $46.3M | $219.3M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0281% | 1h | 0.000005169 | +0.027% | $2K | $11K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0331% | 1h | 0.000005168 | +0.008% | $74K | $127K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0376% | 8h | 0.000005175 | +0.143% | $47.6M | $747.6M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0378% | 1h | 0.000005219 | +0.995% | $151K | $833K | 25x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005156 | −0.224% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0413% | 8h | 0.000005169 | +0.018% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0481% | 8h | 0.000005169 | +0.027% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0499% | 8h | 0.000005170 | +0.047% | $4.4M | $30.3M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0507% | 1h | 0.000005169 | +0.035% | $78K | $877K | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0530% | 8h | 0.000005168 | −0.002% | $2.4M | $8.1M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005170 | +0.047% | $647K | $39.8M | 50x | as long as short |
| Lighter 1000PEPE | +0.0584% | 1h | 0.000005171 | +0.066% | $621K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0702% | 1h | 0.000005168 | −0.001% | $165K | $956K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0710% | 1h | 0.000005165 | −0.043% | $4.7M | $16.8M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0712% | 8h | 0.000005169 | +0.027% | — | $218.5M | — | as long as short |
| 01 Exchange kPEPEUSD | +0.0720% | 1h | 0.000005166 | −0.031% | $623 | $2K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0729% | 8h | 0.000005173 | +0.095% | $1.8M | $11.8M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0743% | 8h | 0.000005174 | +0.115% | $142.6M | $1.49B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0744% | 1h | 0.000005167 | −0.006% | $542K | $284K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0744% | 1h | 0.000005165 | −0.050% | $146K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0745% | 8h | 0.000005165 | −0.050% | $100.8M | $305.8M | 300x | as long as short |
| Hyperliquid kPEPE | +0.0948% | 1h | 0.000005173 | +0.105% | $53.9M | $157.7M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1068% / S −0.1502% | 1h | 0.000005000 | −3.243% | $47K | — | 100x | as long as short |
Bitget PEPEUSDT
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
01 Exchange kPEPEUSD
Aster 1000PEPEUSDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]