Funding you earn now, next payment 16:00 UTC−0.0219%/8h= −24.0% APRnext payment −$2.19 per $10,000 · paid last 24h −0.050%
Price spread now: Orderly against Binance−0.026%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Orderly is 0.026% cheaper against Binance than usual: you would sell low and buy high (−$3 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 | Binance 1000PEPEUSDT | 0.000005065 | 0.0654 | pay 0.0654% / 8h | 7h 33m | $139.7M | $1.51B | 75x |
| Short | Orderly PERP_1000PEPE_USDC | 0.000005063 | 0.0435 | get 0.0435% / 8h | 7h 33m | $33K | $27K | 20x |
Binance 1000PEPEUSDT
Orderly PERP_1000PEPE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Binance. 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
- −$46.02
- Price spread: −0.026% → 0.000%
- −$2.63
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$64.64
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 11 min ago; 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 Binance live order book, 11 min ago | 0.10 bp | 8.5 bp −$9 | 14.6 bp −$146 | 38.0 bp −$3,800 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005065 | +0.013% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005066 | +0.025% | $59K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005060 | −0.087% | $97.9M | $437.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005060 | −0.093% | $160.7M | $99.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005087 | +0.433% | $637K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005088 | +0.451% | $28K | $551K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005071 | +0.116% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005057 | −0.153% | $595K | $4.3M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005088 | +0.459% | $7K | $121K | 12x | as long as short |
| KuCoin PEPEUSDTM | +0.0164% | 8h | 0.000005065 | +0.005% | $26.5M | $74.8M | 75x | 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
Injective PEPE/USDC PERP
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0167% | 1h | 0.000005063 | −0.034% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005079 | +0.280% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0200% | 8h | 0.000005059 | −0.103% | $45.5M | $222.7M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0315% | 1h | 0.000005102 | +0.736% | $150K | $839K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0321% | 8h | 0.000005062 | −0.054% | $45.8M | $742.6M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0402% | 1h | 0.000005062 | −0.054% | $97K | $909K | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0409% | 8h | 0.000005060 | −0.101% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0422% | 8h | 0.000005063 | −0.028% | $2.3M | $8.1M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDCshort | +0.0435% | 8h | 0.000005063 | −0.026% | $33K | $27K | 20x | |
| BloFin PEPE-USDT | +0.0444% | 8h | 0.000005070 | +0.104% | $4.4M | $30.2M | 75x | as long as short |
| Hyperliquid kPEPE | +0.0475% | 1h | 0.000005064 | −0.014% | $52.5M | $160.5M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005055 | −0.192% | $671K | $39.3M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0536% | 1h | 0.000005058 | −0.133% | $610 | $2K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0541% | 1h | 0.000005061 | −0.074% | $72K | $128K | 25x | as long as short |
| Lighter 1000PEPE | +0.0608% | 1h | 0.000005072 | +0.144% | $606K | $9.0M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0626% | 1h | 0.000005061 | −0.072% | $4.8M | $16.8M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0629% | 8h | 0.000005062 | −0.048% | — | $176.5M | — | as long as short |
| MEXC PEPE_USDT | +0.0654% | 8h | 0.000005066 | +0.031% | $98.8M | $307.8M | 300x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0654% | 8h | 0.000005065 | long leg | $139.7M | $1.51B | 75x | |
| Extended 1000PEPE-USD | +0.0656% | 1h | 0.000005062 | −0.054% | $531K | $282K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0656% | 1h | 0.000005083 | +0.361% | $144K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0672% | 8h | 0.000005068 | +0.071% | $1.7M | $12.0M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0683% | 1h | 0.000005056 | −0.165% | $160K | $966K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0973% / S −0.1091% | 1h | 0.000005000 | −1.278% | $51K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.2350% | 1h | 0.000005059 | −0.110% | $19K | $649 | 10x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Hyperliquid kPEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD