Funding you earn now, next payment 06:00 UTC+0.0385%/8h= +42.1% APRpaid last 24h +0.077%
Price spread now: Extended against Orderly+0.042%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Extended is 0.042% dearer against Orderly than usual: you sell high and buy low: +$4 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 | Orderly PERP_1000PEPE_USDC | 0.000004994 | 0.0399 | pay 0.0399% / 8h | 2h 27m | $33K | $26K | 20x |
| Short | Extended 1000PEPE-USD | 0.000004996 | 0.0784 | get 0.0098% / 1h | 27m 27s | $528K | $277K | 25x |
Orderly PERP_1000PEPE_USDC
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Orderly. 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
- $80.82
- Price spread: +0.042% → 0.000%
- $4.16
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $73.98
- Costs to cover
- 0.110%
- Break-even
- 0.6 days
Slippage unknown: Orderly: no order-book sample; Extended: live order book, 20 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 20 min ago | 2.98 bp | 7.5 bp −$7 | 43.1 bp −$431 | doesn't fit | doesn't fit |
Orderly: 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 | 0.000004991 | −0.067% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000004987 | −0.142% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004996 | +0.042% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004991 | −0.060% | $97.9M | $404.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004988 | −0.118% | $160.7M | $94.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004995 | +0.014% | $24.9M | $70.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005001 | +0.137% | $599K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005000 | +0.114% | $27K | $537K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004994 | +0.002% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004983 | −0.214% | $558K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0177% | 1h | 0.000004989 | −0.098% | $2K | $10K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004990 | −0.069% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0335% | 8h | 0.000004991 | −0.058% | $44.7M | $210.0M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDClong | +0.0399% | 8h | 0.000004994 | long leg | $33K | $26K | 20x | |
| OKX PEPE-USDT-SWAP | +0.0417% | 8h | 0.000004994 | +0.002% | $45.9M | $682.4M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0543% | 8h | 0.000005004 | +0.202% | $4.4M | $27.9M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0547% | 8h | 0.000004999 | +0.107% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0553% | 1h | 0.000004986 | −0.158% | $71K | $127K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0616% | 1h | 0.000004990 | −0.076% | $73K | $831K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0640% | 1h | 0.000005002 | +0.162% | $603 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.0648% | 1h | 0.000005001 | +0.142% | $593K | $9.0M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0650% | 8h | 0.000004990 | −0.070% | $2.4M | $7.9M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000004986 | −0.158% | $638K | $36.6M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0730% | 1h | 0.000004999 | +0.102% | $154K | $813K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0735% | 1h | 0.000004994 | −0.001% | $164K | $943K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0756% | 8h | 0.000004992 | −0.044% | — | $239.1M | — | as long as short |
| Extended 1000PEPE-USDshort | +0.0784% | 1h | 0.000004996 | +0.042% | $528K | $277K | 25x | |
| MEXC PEPE_USDT | +0.0785% | 8h | 0.000004990 | −0.086% | $94.7M | $301.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0786% | 8h | 0.000004992 | −0.031% | $140.0M | $1.41B | 75x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000004991 | −0.058% | $141K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0837% | 8h | 0.000004990 | −0.075% | $1.7M | $11.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0857% | 1h | 0.000004984 | −0.190% | $4.5M | $16.8M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0993% | 1h | 0.000004998 | +0.082% | $52.6M | $152.1M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1117% / S −0.2147% | 1h | 0.000004000 | −19.902% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000004992 | −0.038% | $3K | $111K | 12x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP