Funding you earn now, next payment 05:00 UTC+0.1182%/8h= +129.4% APRnext payment +$1.48 per $10,000 · paid last 24h +0.159%
Price spread now: Backpack against gTrade (Gains Network)+0.418%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Backpack is 0.418% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$42 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) PEPE/USD | 0.000005243 | L +0.0006% / S −0.0006% | pay 0.0001% / 1h | 27m 20s | $14K | — | 150x |
| Short | Backpack kPEPE_USDC_PERP | 0.000005265 | 0.1187 | get 0.0148% / 1h | 27m 20s | $69K | $724K | 15x |
gTrade (Gains Network) PEPE/USD
Backpack kPEPE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against gTrade (Gains Network). 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
- $248.14
- Price spread: +0.418% → 0.000%
- $41.77
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $269.91
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 27 min ago. 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 27 min ago | 0.94 bp | 6.6 bp −$7 | 24.4 bp −$244 | doesn't fit | doesn't fit |
gTrade (Gains Network): 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 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 | 0.000005253 | +0.190% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USDlong | L +0.0006% / S −0.0006% | 1h | 0.000005243 | long leg | $14K | — | 150x | |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +1.602% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005261 | +0.343% | $67K | $162K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005246 | +0.057% | $106.6M | $378.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005245 | +0.038% | $174.2M | $88.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005257 | +0.257% | $26.2M | $68.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005312 | +1.308% | $747K | $5.1M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005285 | +0.795% | $29K | $532K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005270 | +0.523% | $1K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005267 | +0.467% | $598K | $3.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005252 | +0.166% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0293% | 8h | 0.000005254 | +0.210% | $51.1M | $190.1M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0392% | 8h | 0.000005251 | +0.151% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0432% | 8h | 0.000005248 | +0.095% | $51.3M | $675.7M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0436% | 8h | 0.000005259 | +0.302% | $6K | — | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0487% | 1h | 0.000005268 | +0.477% | $2K | $10K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0510% | 1h | 0.000005264 | +0.401% | $75K | $126K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0563% | 8h | 0.000005267 | +0.458% | $4.9M | $28.3M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0624% | 8h | 0.000005269 | +0.488% | $2.5M | $7.5M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005268 | +0.477% | $703K | $36.5M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0761% | 8h | 0.000005253 | +0.191% | — | $235.1M | — | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005258 | +0.293% | $559K | $231K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005249 | +0.114% | $148K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0802% | 8h | 0.000005251 | +0.160% | $102.8M | $295.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0803% | 8h | 0.000005252 | +0.175% | $153.2M | $1.33B | 75x | as long as short |
| Nado kPEPE-PERP | +0.0878% | 1h | 0.000005258 | +0.288% | $189K | $916K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0904% | 1h | 0.000005308 | +1.240% | $163K | $808K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0916% | 8h | 0.000005255 | +0.222% | $1.9M | $10.3M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0950% / S −0.1894% | 1h | 0.000005000 | −4.635% | $65K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.1016% | 1h | 0.000005260 | +0.324% | $634 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERPshort | +0.1187% | 1h | 0.000005265 | +0.418% | $69K | $724K | 15x | |
| Lighter 1000PEPE | +0.1272% | 1h | 0.000005267 | +0.458% | $684K | $8.7M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1551% | 1h | 0.000005265 | +0.428% | $4.8M | $16.4M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1603% | 1h | 0.000005259 | +0.305% | $57.4M | $145.5M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE