Funding you earn now, next payment 22:00 UTC+0.0764%/8h= +83.7% APRpaid last 24h +0.043%
Price spread now: Extended against Gate+0.083%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)−0.328%−$33 · spread now +0.083%, 7d avg −0.019%
=Together, before fees−0.251%+ Points / potential airdropExtended: Active · farm board−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Extended is 0.101% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.019%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PEPE_USDT | 0.000004829 | 0.0100 | pay 0.0100% / 8h | 2h 14m | $150.8M | $62.2M | 75x |
| Short | Extended 1000PEPE-USD | 0.000004833 | 0.0864 | get 0.0108% / 1h | 14m 12s | $529K | $147K | 25x |
Gate PEPE_USDT
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Gate. 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
- $160.44
- Price spread: +0.083% → −0.019%
- $10.13
- Slippage, 4 orders
- −$19.78
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $130.79
- Costs to cover
- 0.398%
- Break-even
- 1.3 days
Slippage from Gate: live order book, 5 min ago; Extended: live order book, 9 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 Gate live order book, 5 min ago | 2.08 bp | 13.4 bp −$13 | 22.5 bp −$225 | 82.1 bp −$8,210 | doesn't fit |
| Sell Extended live order book, 9 min ago | 3.09 bp | 7.6 bp −$8 | 44.2 bp −$442 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004819 | −0.216% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004828 | −0.017% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004834 | +0.104% | $58.3M | $72.0M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004826 | −0.062% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004822 | −0.145% | $87.8M | $275.2M | 50x | as long as short |
| Gate PEPE_USDTlong | +0.0100% | 8h | 0.000004829 | long leg | $150.8M | $62.2M | 75x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004835 | +0.114% | $25.1M | $53.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004810 | −0.388% | $559K | $3.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004820 | −0.191% | $27K | $341K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004842 | +0.265% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | 0.000004837 | +0.176% | $557K | $3.4M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0164% | 8h | 0.000004824 | −0.104% | $41.5M | $486.3M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0180% | 8h | 0.000004824 | −0.112% | $42.6M | $151.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004835 | +0.116% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0279% | 8h | 0.000004829 | 0.000% | $3.9M | $21.8M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −17.167% | $52K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0409% | 8h | 0.000004836 | +0.139% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004826 | −0.062% | $581K | $25.2M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0477% | 8h | 0.000004835 | +0.130% | $2.3M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0514% | 8h | 0.000004819 | −0.198% | $5K | $16 | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004817 | −0.248% | $4K | $110K | 12x | as long as short |
| Lighter 1000PEPE | +0.0648% | 1h | 0.000004836 | +0.145% | $614K | $5.3M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0700% | 1h | 0.000004827 | −0.039% | $93K | $622K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0729% | 1h | 0.000004833 | +0.092% | $189K | $848K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0748% | 1h | 0.000004821 | −0.166% | $102K | $762K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0758% | 1h | 0.000004833 | +0.079% | $3.9M | $13.1M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0812% | 1h | 0.000004833 | +0.083% | $2K | $9K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0813% | 8h | 0.000004825 | −0.081% | — | $254.8M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0856% | 1h | 0.000004827 | −0.041% | $136K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0858% | 8h | 0.000004831 | +0.039% | $91.7M | $291.6M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0863% | 8h | 0.000004829 | −0.010% | $128.7M | $1.02B | 75x | as long as short |
| Extended 1000PEPE-USDshort | +0.0864% | 1h | 0.000004833 | +0.083% | $529K | $147K | 25x | |
| Aster 1000PEPEUSDT | +0.0889% | 8h | 0.000004834 | +0.094% | $1.5M | $6.8M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.1200% | 1h | 0.000004835 | +0.124% | $82K | $94K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.1216% | 1h | 0.000004844 | +0.311% | $555 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Injective PEPE/USDC PERP
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
SoDEX 1000PEPE-USD
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
01 Exchange kPEPEUSD