Funding you earn now, next payment 10:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h +0.022%
Price spread now: Extended against Coinbase International+0.248%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$420.419% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 4 days (all we have)−0.312%−$31 · spread now +0.248%, 7d avg −0.023%
=Together, before fees−0.243%+ Points / potential airdropExtended: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.272% dearer against Coinbase International than usual: you sell high and buy low (spread +0.248% now, against its 7-day average of −0.023%): +$27 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000PEPE-PERP-INTX | 0.000004928 | 0.0400 | pay 0.0050% / 1h | 55m 22s | $795K | $38.5M | 50x |
| Short | Extended 1000PEPE-USD | 0.000004940 | 0.0296 | get 0.0037% / 1h | 55m 22s | $518K | $285K | 25x |
Coinbase International 1000PEPE-PERP-INTX
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Coinbase International. 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
- −$21.84
- Price spread: +0.248% → −0.023%
- $27.19
- Slippage, 4 orders
- −$26.86
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$36.51
- Costs to cover
- 0.419%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Extended: live order book, 55 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 Coinbase International live order book, 2 min ago | 4.04 bp | 13.8 bp −$14 | 20.3 bp −$203 | 71.1 bp −$7,110 | doesn't fit |
| Sell Extended live order book, 55 min ago | 4.01 bp | 8.5 bp −$9 | 45.0 bp −$450 | doesn't fit | doesn't fit |
PEPE on 35 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0372% | 1h | 0.000004924 | −0.076% | $4.5M | $16.6M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004938 | +0.200% | $25K | $18K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | 0.0000% | 1h | 0.000004925 | −0.061% | $56K | $115K | 25x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004951 | +0.473% | $3K | — | 150x | as long as short |
| 01 Exchange kPEPEUSD | +0.0080% | 1h | 0.000004936 | +0.162% | $595 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004944 | +0.325% | $594K | $9.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004937 | +0.183% | $49.9M | $156.3M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004940 | +0.244% | $57K | $195K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004936 | +0.166% | $94.0M | $441.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004936 | +0.162% | $152.0M | $101.9M | 75x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
gTrade (Gains Network) PEPE/USD
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDTShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004937 | +0.189% | $24.9M | $75.6M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004934 | +0.112% | $43.7M | $229.3M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004927 | −0.014% | $76K | $989K | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004937 | +0.188% | $643K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004955 | +0.556% | $27K | $569K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004977 | +0.994% | $144K | $851K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004943 | +0.306% | $2K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004938 | +0.203% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004920 | −0.156% | $579K | $4.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004931 | +0.061% | $2.3M | $8.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0111% | 8h | 0.000004943 | +0.308% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0132% | 1h | 0.000004936 | +0.162% | $136K | $939K | 10x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0142% | 8h | 0.000004937 | +0.183% | $44.4M | $720.3M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004934 | +0.120% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0272% | 8h | 0.000004952 | +0.487% | $4.3M | $28.7M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0284% | 1h | 0.000004973 | +0.913% | $5K | $122K | 12x | as long as short |
| Binance 1000PEPEUSDT | +0.0287% | 8h | 0.000004940 | +0.245% | $127.7M | $1.53B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0293% | 8h | 0.000004939 | +0.223% | $100.7M | $294.7M | 300x | as long as short |
| Extended 1000PEPE-USDshort | +0.0296% | 1h | 0.000004940 | +0.248% | $518K | $285K | 25x | |
| Aster 1000PEPEUSDT | +0.0299% | 8h | 0.000004938 | +0.213% | $1.7M | $12.5M | 50x | as long as short |
| Aevo 1000PEPE-PERP | +0.0304% | 1h | 0.000004925 | −0.061% | $139K | — | 3x | as long as short |
| BingX 1000PEPE-USDT | +0.0306% | 8h | 0.000004937 | +0.181% | — | $181.1M | — | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0348% | 8h | 0.000004937 | +0.187% | $32K | $30K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0400% | 1h | 0.000004928 | long leg | $795K | $38.5M | 50x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0838% / S −0.0953% | 1h | 0.000004000 | −18.831% | $50K | — | 100x | as long as short |
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Backpack kPEPE_USDC_PERP
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Injective PEPE/USDC PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Aevo 1000PEPE-PERP
BingX 1000PEPE-USDT
Orderly PERP_1000PEPE_USDC
GMX PEPE/USD [ETH-USDC]