Funding you earn now, next payment 09:00 UTC−0.0220%/8h= −24.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.133%
Price spread now: Reya against Backpack−0.015%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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack kPEPE_USDC_PERP | 0.000005074 | 0.0409 | pay 0.0051% / 1h | 34m 44s | $97K | $908K | 15x |
| Short | Reya kPEPERUSDPERP | 0.000005074 | 0.0189 | get 0.0024% / 1h | 34m 44s | $8K | — | 15x |
Backpack kPEPE_USDC_PERP
Reya kPEPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Backpack. 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
- −$46.26
- Price spread: −0.015% → 0.000%
- −$1.46
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$63.72
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 64 min ago; 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 Backpack live order book, 64 min ago | 0.10 bp | 5.4 bp −$5 | 32.5 bp −$325 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
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 | 0.000005074 | −0.012% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005079 | +0.093% | $59K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005077 | +0.043% | $98.0M | $436.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005075 | +0.014% | $161.2M | $99.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005087 | +0.244% | $637K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005089 | +0.283% | $28K | $550K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005096 | +0.436% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005080 | +0.104% | $597K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0133% | 1h | 0.000005075 | +0.014% | $2K | $11K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005088 | +0.270% | $7K | $121K | 12x | 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
SoDEX 1000PEPE-USD
Injective PEPE/USDC PERPShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0161% | 8h | 0.000005077 | +0.051% | $26.6M | $74.8M | 75x | as long as short |
| Reya kPEPERUSDPERPshort | +0.0189% | 1h | 0.000005074 | −0.015% | $8K | — | 15x | |
| Bitget PEPEUSDT | +0.0204% | 8h | 0.000005078 | +0.083% | $45.6M | $222.5M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0315% | 1h | 0.000005102 | +0.546% | $150K | $839K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0324% | 8h | 0.000005078 | +0.073% | $46.3M | $743.7M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0331% | 8h | 0.000005075 | +0.010% | $2.3M | $8.1M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0342% | 1h | 0.000005073 | −0.026% | $72K | $128K | 25x | as long as short |
| Backpack kPEPE_USDC_PERPlong | +0.0409% | 1h | 0.000005074 | long leg | $97K | $908K | 15x | |
| Paradex kPEPE-USD-PERP | +0.0410% | 8h | 0.000005077 | +0.053% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0434% | 8h | 0.000005075 | +0.024% | $33K | $27K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0452% | 8h | 0.000005076 | +0.034% | $4.4M | $30.2M | 75x | as long as short |
| Hyperliquid kPEPE | +0.0478% | 1h | 0.000005081 | +0.132% | $52.7M | $160.4M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005089 | +0.290% | $679K | $39.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0536% | 1h | 0.000005092 | +0.349% | $614 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0592% | 1h | 0.000005081 | +0.132% | $607K | $9.0M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0625% | 1h | 0.000005070 | −0.094% | $4.7M | $16.7M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0629% | 8h | 0.000005080 | +0.104% | — | $176.5M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0654% | 8h | 0.000005081 | +0.126% | $140.0M | $1.51B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0656% | 1h | 0.000005077 | +0.057% | $534K | $282K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0656% | 8h | 0.000005082 | +0.150% | $100.0M | $307.5M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0656% | 1h | 0.000005077 | +0.053% | $144K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0674% | 8h | 0.000005082 | +0.152% | $1.7M | $12.0M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0674% | 1h | 0.000005082 | +0.154% | $162K | $964K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0973% / S −0.1091% | 1h | 0.000005000 | −1.464% | $51K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.1577% | 1h | 0.000005083 | +0.175% | $19K | $649 | 10x | as long as short |
KuCoin PEPEUSDTM
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Phemex u1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Hyperliquid kPEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD