Funding you earn now, next payment 00:00 UTC−0.0103%/8h= −11.3% APRnext payment −$0.13 per $10,000 · paid last 24h +0.037%
Price spread now: Backpack against Extended+0.053%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$360.355% of the position
Funding, last 7 days+0.134%+$13 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now +0.053%, 7d avg +0.044%
=Together, before fees+0.221%+ Points / potential airdropExtended: Active · farm board+$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.134%, 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 | Extended 1000PEPE-USD | 0.000004801 | 0.0688 | pay 0.0086% / 1h | 49m 07s | $529K | $148K | 25x |
| Short | Backpack kPEPE_USDC_PERP | 0.000004804 | 0.0585 | get 0.0073% / 1h | 49m 07s | $91K | $601K | 15x |
Extended 1000PEPE-USD
Backpack kPEPE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- −$21.72
- Price spread: +0.053% → +0.044%
- $0.95
- Slippage, 4 orders
- −$20.53
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$56.29
- Costs to cover
- 0.355%
- Break-even
- never at this rate
Slippage from Extended: live order book, 29 min ago; Backpack: live order book, 30 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 Extended live order book, 29 min ago | 3.13 bp | 7.7 bp −$8 | 45.0 bp −$450 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 30 min ago | 3.23 bp | 8.3 bp −$8 | 25.8 bp −$258 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0247% | 1h | 0.000004798 | −0.072% | $67.0M | $87.7M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004812 | +0.216% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004800 | −0.038% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0066% | 1h | 0.000004802 | +0.017% | $3.9M | $13.5M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004814 | +0.262% | $59K | $115K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004806 | +0.105% | $86.5M | $287.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004801 | −0.009% | $150.6M | $63.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004801 | −0.005% | $24.6M | $54.2M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004805 | +0.068% | $42.4M | $149.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004816 | +0.301% | $585K | $4.1M | — | as long as short |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004818 | +0.335% | $26K | $348K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004822 | +0.428% | $101K | $760K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004809 | +0.162% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004803 | +0.033% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004805 | +0.070% | $544K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0176% | 1h | 0.000004805 | +0.074% | $635K | $6.3M | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004803 | +0.037% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0216% | 8h | 0.000004817 | +0.314% | $5K | $16 | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0218% | 8h | 0.000004810 | +0.178% | $41.6M | $497.7M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0232% | 8h | 0.000004800 | −0.034% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0232% | 1h | 0.000004809 | +0.158% | $551 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0337% | 8h | 0.000004804 | +0.053% | $3.8M | $22.3M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0356% / S −0.0395% | 1h | 0.000004000 | −16.692% | $42K | — | 100x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0375% | 1h | 0.000004800 | −0.030% | $81K | $94K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004802 | +0.012% | $565K | $25.7M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0430% | 8h | 0.000004801 | −0.017% | $30K | $12K | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004819 | +0.366% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERPshort | +0.0585% | 1h | 0.000004804 | +0.053% | $91K | $601K | 15x | |
| BingX 1000PEPE-USDC | +0.0682% | 8h | 0.000004805 | +0.080% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USDlong | +0.0688% | 1h | 0.000004801 | long leg | $529K | $148K | 25x | |
| Binance 1000PEPEUSDT | +0.0691% | 8h | 0.000004807 | +0.114% | $131.9M | $1.05B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0696% | 8h | 0.000004803 | +0.035% | $95.2M | $279.3M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0696% | 1h | 0.000004805 | +0.074% | $136K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0699% | 8h | 0.000004805 | +0.070% | $1.5M | $7.3M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0829% | 1h | 0.000004806 | +0.098% | $184K | $845K | 10x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Lighter 1000PEPE
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
OKX PEPE-USDT-SWAP
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
Injective PEPE/USDC PERP
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Nado kPEPE-PERP