Funding you earn now, next payment 08:00 UTC+0.0620%/8h= +67.9% APRpaid last 24h +0.113%
Price spread now: Aevo against Bybit+0.116%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,348as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,357as in the Price arb table
costs, in and out, $10k−$1,36713.670% of the position
Funding, last 7 days+0.187%+$19 on $10k
+Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.116%, 7d avg +0.017%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Aevo is 0.099% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.017%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.187% in total (about 9.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit 1000PEPEUSDT | 0.000005170 | 0.0100 | pay 0.0100% / 8h | 18m 49s | $99.7M | $430.0M | 50x |
| Short | Aevo 1000PEPE-PERP | 0.000005176 | 0.0720 | get 0.0090% / 1h | 18m 49s | $146K | — | 3x |
Bybit 1000PEPEUSDT
Aevo 1000PEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Bybit. 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
- $130.2
- Price spread: +0.116% → +0.017%
- $9.88
- Slippage, 4 orders
- −$1,340
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$1,226.93
- Costs to cover
- 13.670%
- Break-even
- 73.0 days
Slippage from Bybit: live order book, 5 min ago; Aevo: live order book, 20 min ago.
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 Bybit live order book, 5 min ago | 0.97 bp | 8.2 bp −$8 | 10.9 bp −$109 | 28.7 bp −$2,868 | 131.3 bp −$65.6K |
| Sell Aevo live order book, 20 min ago | 272.05 bp | 669.1 bp −$669 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.000005165 | −0.106% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005169 | −0.023% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005172 | +0.039% | $60K | $184K | 10x | as long as short |
| Bybit 1000PEPEUSDTlong | +0.0100% | 8h | 0.000005170 | long leg | $99.7M | $430.0M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005166 | −0.077% | $163.6M | $99.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005163 | −0.143% | $615K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005175 | +0.095% | $28K | $547K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005180 | +0.188% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005174 | +0.075% | $603K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0122% | 8h | 0.000005175 | +0.093% | $27.0M | $74.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0151% | 1h | 0.000005173 | +0.058% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005171 | +0.027% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0256% | 8h | 0.000005171 | +0.025% | $46.5M | $220.0M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0312% | 1h | 0.000005181 | +0.213% | $151K | $834K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0367% | 8h | 0.000005169 | −0.019% | $47.9M | $749.8M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005160 | −0.193% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0415% | 8h | 0.000005174 | +0.085% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0466% | 8h | 0.000005169 | −0.026% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0471% | 8h | 0.000005163 | −0.126% | $2.4M | $8.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0484% | 8h | 0.000005167 | −0.058% | $4.5M | $30.4M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0522% | 1h | 0.000005170 | +0.010% | $80K | $889K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005170 | 0.000% | $688K | $39.9M | 50x | as long as short |
| Lighter 1000PEPE | +0.0560% | 1h | 0.000005175 | +0.097% | $621K | $9.1M | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0689% | 8h | 0.000005172 | +0.035% | — | $218.8M | — | as long as short |
| Nado kPEPE-PERP | +0.0697% | 1h | 0.000005170 | −0.004% | $166K | $958K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0704% | 1h | 0.000005177 | +0.135% | $624 | $2K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0710% | 1h | 0.000005170 | −0.006% | $4.8M | $16.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0717% | 1h | 0.000005173 | +0.058% | $74K | $127K | 25x | as long as short |
| Extended 1000PEPE-USD | +0.0720% | 1h | 0.000005165 | −0.097% | $542K | $282K | 25x | as long as short |
| Aevo 1000PEPE-PERPshort | +0.0720% | 1h | 0.000005176 | +0.116% | $146K | — | 3x | |
| MEXC PEPE_USDT | +0.0721% | 8h | 0.000005172 | +0.029% | $102.0M | $308.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0722% | 8h | 0.000005174 | +0.068% | $142.7M | $1.50B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0723% | 8h | 0.000005174 | +0.085% | $1.8M | $11.9M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0943% | 1h | 0.000005176 | +0.116% | $53.9M | $159.2M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1068% / S −0.1281% | 1h | 0.000005000 | −3.288% | $50K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
BingX 1000PEPE-USDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]