Funding you earn now, next payment 06:00 UTC+0.0449%/8h= +49.2% APRpaid last 24h −0.024%
Price spread now: Phemex against Reya−0.004%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$13 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya kPEPERUSDPERP | 0.000005027 | 0.0189 | pay 0.0024% / 1h | 24m 56s | $8K | — | 15x |
| Short | Phemex u1000PEPEUSDT | 0.000005026 | 0.0638 | get 0.0638% / 8h | 2h 24m | $2.4M | $7.9M | 50x |
Reya kPEPERUSDPERP
Phemex u1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $94.26
- Price spread: −0.004% → 0.000%
- −$0.38
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $75.89
- Costs to cover
- 0.180%
- Break-even
- 1.4 days
Slippage unknown: Reya: no order-book sample; Phemex: live order book, 4 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 Phemex live order book, 4 min ago | 4.31 bp | 23.1 bp −$23 | 28.5 bp −$285 | doesn't fit | 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 | 0.000005017 | −0.188% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000005024 | −0.050% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005020 | −0.131% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005017 | −0.191% | $98.2M | $405.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005016 | −0.211% | $161.6M | $94.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005021 | −0.103% | $24.9M | $70.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005002 | −0.496% | $598K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004994 | −0.649% | $27K | $537K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005030 | +0.070% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005025 | −0.034% | $563K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERPlong | +0.0189% | 1h | 0.000005027 | long leg | $8K | — | 15x | |
| SoDEX 1000PEPE-USD | +0.0207% | 1h | 0.000005029 | +0.048% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0333% | 8h | 0.000005021 | −0.111% | $45.0M | $210.4M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0398% | 8h | 0.000005033 | +0.128% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0419% | 8h | 0.000005022 | −0.091% | $46.4M | $686.9M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0542% | 8h | 0.000005022 | −0.091% | $4.4M | $28.0M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0557% | 8h | 0.000005021 | −0.107% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDTshort | +0.0638% | 8h | 0.000005026 | −0.004% | $2.4M | $7.9M | 50x | |
| Backpack kPEPE_USDC_PERP | +0.0641% | 1h | 0.000005019 | −0.157% | $73K | $831K | 15x | as long as short |
| Lighter 1000PEPE | +0.0656% | 1h | 0.000005032 | +0.108% | $597K | $9.0M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0656% | 1h | 0.000005031 | +0.088% | $607 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005033 | +0.128% | $643K | $36.9M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0689% | 1h | 0.000005000 | −0.529% | $154K | $813K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0717% | 1h | 0.000005027 | +0.002% | $165K | $943K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0756% | 8h | 0.000005019 | −0.141% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDT | +0.0785% | 8h | 0.000005023 | −0.079% | $95.6M | $302.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0790% | 8h | 0.000005020 | −0.137% | $140.8M | $1.41B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005017 | −0.183% | $530K | $277K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000005030 | +0.068% | $142K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0837% | 8h | 0.000005026 | −0.016% | $1.8M | $11.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0850% | 1h | 0.000005027 | +0.003% | $4.6M | $16.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0944% | 1h | 0.000005031 | +0.088% | $72K | $127K | 25x | as long as short |
| Hyperliquid kPEPE | +0.0994% | 1h | 0.000005019 | −0.151% | $52.9M | $152.2M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1128% / S −0.2169% | 1h | 0.000005000 | −0.529% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000004992 | −0.688% | $3K | $111K | 12x | as long as short |
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
BingX 1000PEPE-USDC
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP