Funding you earn now, next payment 08:00 UTC+0.0214%/8h= +23.4% APRpaid last 24h −0.013%
Price spread now: Orderly against Reya+0.117%7-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 +$6 a day on $10k at the current rate, and Orderly is 0.117% dearer against Reya than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya kPEPERUSDPERP | 0.000005169 | 0.0189 | pay 0.0024% / 1h | 58m 17s | $8K | — | 15x |
| Short | Orderly PERP_1000PEPE_USDC | 0.000005175 | 0.0403 | get 0.0403% / 8h | 58m 17s | $34K | $26K | 20x |
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $44.97
- Price spread: +0.117% → 0.000%
- $11.67
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $44.64
- Costs to cover
- 0.120%
- Break-even
- 0.1 days
Slippage unknown: Reya: no order-book sample; Orderly: 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 Reya no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Reya and Orderly: 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 | 0.000005158 | −0.215% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005169 | +0.005% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005160 | −0.175% | $60K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005172 | +0.057% | $101.1M | $422.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005163 | −0.117% | $164.2M | $97.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005174 | +0.088% | $606K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005163 | −0.113% | $28K | $545K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005177 | +0.152% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005166 | −0.052% | $600K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0112% | 8h | 0.000005161 | −0.160% | $26.5M | $72.7M | 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
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 | 0.000005169 | long leg | $8K | — | 15x | |
| Bitget PEPEUSDT | +0.0283% | 8h | 0.000005177 | +0.153% | $46.4M | $216.7M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0363% | 1h | 0.000005175 | +0.115% | $2K | $11K | 10x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0398% | 8h | 0.000005175 | +0.115% | $47.7M | $739.8M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDCshort | +0.0403% | 8h | 0.000005175 | +0.117% | $34K | $26K | 20x | |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005172 | +0.057% | $9K | $120K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0442% | 1h | 0.000005163 | −0.110% | $75K | $867K | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0452% | 1h | 0.000005161 | −0.156% | $150K | $830K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0520% | 8h | 0.000005167 | −0.044% | $2.4M | $8.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0521% | 8h | 0.000005164 | −0.098% | $4.4M | $30.0M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0524% | 8h | 0.000005160 | −0.181% | $6K | — | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005176 | +0.134% | $697K | $39.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0709% | 1h | 0.000005173 | +0.072% | $4.7M | $16.5M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0721% | 8h | 0.000005175 | +0.121% | — | $218.1M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0745% | 8h | 0.000005175 | +0.112% | $1.8M | $11.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0752% | 1h | 0.000005166 | −0.059% | $623 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0752% | 1h | 0.000005170 | +0.019% | $165K | $954K | 10x | as long as short |
| MEXC PEPE_USDT | +0.0757% | 8h | 0.000005168 | −0.026% | $100.7M | $302.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0758% | 8h | 0.000005174 | +0.103% | $142.0M | $1.47B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0760% | 1h | 0.000005174 | +0.090% | $542K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0760% | 1h | 0.000005175 | +0.115% | $146K | — | 3x | as long as short |
| Lighter 1000PEPE | +0.0792% | 1h | 0.000005165 | −0.079% | $617K | $9.0M | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0911% | 1h | 0.000005174 | +0.095% | $74K | $127K | 25x | as long as short |
| Hyperliquid kPEPE | +0.0959% | 1h | 0.000005174 | +0.095% | $53.7M | $157.0M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.1782% | 1h | 0.000005000 | −3.271% | $69K | — | 100x | as long as short |
Bitget PEPEUSDT
SoDEX 1000PEPE-USD
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD
Nado kPEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Lighter 1000PEPE
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]