Funding you earn now, next payment 10:00 UTC−0.0211%/8h= −23.1% APRnext payment −$0.26 per $10,000 · paid last 24h −0.079%
Price spread now: Reya against Coinbase International−0.128%72s7-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
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Reya is 0.128% cheaper against Coinbase International than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000PEPE-PERP-INTX | 0.000004929 | 0.0400 | pay 0.0050% / 1h | 5m 12s | $737K | $38.7M | 50x |
| Short | Reya kPEPERUSDPERP | 0.000004923 | 0.0189 | get 0.0024% / 1h | 5m 12s | $7K | — | 15x |
Coinbase International 1000PEPE-PERP-INTX
Reya kPEPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$44.27
- Price spread: −0.128% → 0.000%
- −$12.78
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$73.04
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago | 1.02 bp | 11.6 bp −$12 | 15.5 bp −$155 | 66.8 bp −$6,678 | 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 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 | −0.0373% | 1h | 0.000004924 | −0.102% | $4.5M | $16.1M | 50x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004918 | −0.215% | $3K | — | 150x | as long as short |
| 01 Exchange kPEPEUSD | +0.0048% | 1h | 0.000004926 | −0.061% | $594 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004929 | 0.000% | $598K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0100% | 1h | 0.000004927 | −0.041% | $139K | $952K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004926 | −0.061% | $49.9M | $155.1M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004926 | −0.061% | $58K | $198K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004925 | −0.079% | $92.5M | $446.2M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0100% | 8h | 0.000004926 | −0.061% | $44.0M | $719.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004925 | −0.081% | $149.3M | $104.5M | 75x | as long as short |
Kraken Futures PF_PEPEUSD
gTrade (Gains Network) PEPE/USD
01 Exchange kPEPEUSD
Lighter 1000PEPE
Nado kPEPE-PERP
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
OKX PEPE-USDT-SWAP
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 | 0.000004928 | −0.020% | $24.7M | $76.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004927 | −0.037% | $43.7M | $233.9M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004921 | −0.160% | $74K | $997K | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004923 | −0.118% | $638K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004918 | −0.220% | $26K | $573K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004920 | −0.183% | $109K | $870K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004935 | +0.124% | $1K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004926 | −0.061% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004924 | −0.095% | $579K | $4.3M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004922 | −0.134% | $2.3M | $8.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0107% | 8h | 0.000004926 | −0.061% | $6K | — | 20x | as long as short |
| Binance 1000PEPEUSDT | +0.0136% | 8h | 0.000004930 | +0.023% | $127.3M | $1.53B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0136% | 1h | 0.000004924 | −0.101% | $517K | $288K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0136% | 8h | 0.000004923 | −0.120% | $99.0M | $299.2M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0136% | 1h | 0.000004924 | −0.101% | $139K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0143% | 8h | 0.000004930 | +0.014% | $1.7M | $12.6M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0154% | 8h | 0.000004925 | −0.087% | — | $182.4M | — | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0156% | 1h | 0.000004925 | −0.081% | $61K | $119K | 25x | as long as short |
| Reya kPEPERUSDPERPshort | +0.0189% | 1h | 0.000004923 | −0.128% | $7K | — | 15x | |
| BloFin PEPE-USDT | +0.0220% | 8h | 0.000004927 | −0.041% | $4.2M | $28.3M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0283% | 8h | 0.000004923 | −0.130% | $32K | $30K | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0284% | 1h | 0.000004904 | −0.507% | $3K | $123K | 12x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0400% | 1h | 0.000004929 | long leg | $737K | $38.7M | 50x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0793% / S −0.0894% | 1h | 0.000004000 | −18.848% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.3476% | 1h | 0.000004925 | −0.087% | $25K | $18K | 10x | 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
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
BingX 1000PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
Injective PEPE/USDC PERP
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD