Funding you earn now, next payment 08:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h −0.021%
Price spread now: Coinbase International against Extended+0.057%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$410.410% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 4 days (all we have)+0.108%+$11 · spread now +0.057%, 7d avg +0.022%
=Together, before fees+0.041%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.036% dearer against Extended than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of +0.022%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.067% in total) that is about 3.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended 1000PEPE-USD | 0.000005025 | 0.0648 | pay 0.0081% / 1h | 27m 18s | $528K | $285K | 25x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000005028 | 0.0504 | get 0.0063% / 1h | 27m 18s | $717K | $39.2M | 50x |
Extended 1000PEPE-USD
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$30.24
- Price spread: +0.057% → +0.022%
- $3.56
- Slippage, 4 orders
- −$26
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$67.69
- Costs to cover
- 0.410%
- Break-even
- never at this rate
Slippage from Extended: live order book, 5 min ago; Coinbase International: live order book, 2 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, 5 min ago | 2.97 bp | 7.7 bp −$8 | 45.8 bp −$458 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 5.98 bp | 11.0 bp −$11 | 14.1 bp −$141 | 51.1 bp −$5,111 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005019 | −0.116% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005035 | +0.196% | $58K | $188K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005025 | −0.003% | $96.9M | $440.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005026 | +0.017% | $159.5M | $100.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005028 | +0.051% | $644K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005029 | +0.074% | $28K | $552K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005034 | +0.175% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005029 | +0.069% | $586K | $4.3M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005015 | −0.202% | $7K | $121K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0148% | 1h | 0.000005026 | +0.017% | $72K | $128K | 25x | 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
Deribit 1000PEPE_USDC-PERPETUALShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0164% | 8h | 0.000005031 | +0.111% | $26.6M | $75.1M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005035 | +0.196% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0191% | 1h | 0.000005027 | +0.037% | $2K | $11K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0191% | 8h | 0.000005026 | +0.019% | $45.5M | $223.8M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0296% | 1h | 0.000005028 | +0.057% | $148K | $841K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0318% | 8h | 0.000005025 | −0.003% | $45.4M | $738.8M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0380% | 1h | 0.000005029 | +0.087% | $92K | $911K | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0390% | 8h | 0.000005031 | +0.125% | $2.3M | $8.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0407% | 8h | 0.000005029 | +0.079% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0438% | 8h | 0.000005028 | +0.059% | $33K | $30K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0440% | 8h | 0.000005012 | −0.261% | $4.4M | $30.1M | 75x | as long as short |
| Hyperliquid kPEPE | +0.0463% | 1h | 0.000005037 | +0.236% | $52.1M | $161.0M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0504% | 1h | 0.000005028 | +0.057% | $717K | $39.2M | 50x | |
| 01 Exchange kPEPEUSD | +0.0544% | 1h | 0.000005035 | +0.196% | $607 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0608% | 1h | 0.000005039 | +0.276% | $593K | $9.1M | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0618% | 8h | 0.000005025 | +0.001% | — | $177.6M | — | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0631% | 1h | 0.000005022 | −0.069% | $4.8M | $16.9M | 50x | as long as short |
| Extended 1000PEPE-USDlong | +0.0648% | 1h | 0.000005025 | long leg | $528K | $285K | 25x | |
| MEXC PEPE_USDT | +0.0648% | 8h | 0.000005036 | +0.224% | $98.7M | $308.8M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0648% | 1h | 0.000005028 | +0.057% | $142K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0649% | 8h | 0.000005031 | +0.109% | $137.5M | $1.52B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0668% | 8h | 0.000005030 | +0.100% | $1.7M | $12.1M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0677% | 1h | 0.000005030 | +0.104% | $158K | $967K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0972% / S −0.1091% | 1h | 0.000005000 | −0.500% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.5171% | 1h | 0.000005029 | +0.071% | $25K | $12K | 10x | as long as short |
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Hyperliquid kPEPE
01 Exchange kPEPEUSD
Lighter 1000PEPE
BingX 1000PEPE-USDT
Kraken Futures PF_PEPEUSD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD