Funding you earn now, next payment 07:00 UTC−0.0574%/8h= −62.8% APRpaid last 24h −0.031%
Price spread now: gTrade (Gains Network) against Phemex−0.240%50s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$17 a day on $10k at the current rate, and gTrade (Gains Network) is 0.240% cheaper against Phemex than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex u1000PEPEUSDT | 0.000005163 | 0.0582 | pay 0.0582% / 8h | 1h 53m | $2.4M | $8.0M | 50x |
| Short | gTrade (Gains Network) PEPE/USD | 0.000005150 | L +0.0006% / S −0.0008% | get 0.0001% / 1h | 53m 30s | $4K | — | 150x |
Phemex u1000PEPEUSDT
gTrade (Gains Network) PEPE/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Phemex. 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
- −$120.46
- Price spread: −0.240% → 0.000%
- −$24.02
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$166.48
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. 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 Phemex live order book, 5 min ago | 5.68 bp | 24.7 bp −$25 | 48.5 bp −$485 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005156 | −0.132% | $10K | $119K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005163 | +0.005% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USDshort | L +0.0006% / S −0.0008% | 1h | 0.000005150 | −0.240% | $4K | — | 150x | |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005169 | +0.120% | $60K | $180K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005159 | −0.074% | $101.5M | $414.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005164 | +0.023% | $163.9M | $95.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005158 | −0.091% | $25.7M | $71.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005162 | −0.023% | $615K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005167 | +0.084% | $28K | $540K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005176 | +0.246% | $2K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005169 | +0.120% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005174 | +0.213% | $595K | $4.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005163 | 0.000% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0308% | 8h | 0.000005158 | −0.087% | $46.2M | $213.9M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000005168 | +0.093% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0415% | 8h | 0.000005161 | −0.035% | $48.4M | $722.7M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0452% | 1h | 0.000005165 | +0.044% | $4.7M | $16.8M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0509% | 8h | 0.000005169 | +0.118% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0525% | 1h | 0.000005166 | +0.062% | $74K | $127K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0526% | 1h | 0.000005166 | +0.066% | $72K | $848K | 15x | as long as short |
| BloFin PEPE-USDT | +0.0542% | 8h | 0.000005178 | +0.294% | $4.6M | $29.6M | 75x | as long as short |
| Phemex u1000PEPEUSDTlong | +0.0582% | 8h | 0.000005163 | long leg | $2.4M | $8.0M | 50x | |
| Lighter 1000PEPE | +0.0624% | 1h | 0.000005177 | +0.275% | $623K | $9.0M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005164 | +0.023% | $698K | $38.3M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0632% | 1h | 0.000005170 | +0.139% | $624 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0715% | 1h | 0.000005168 | +0.094% | $164K | $956K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0750% | 8h | 0.000005150 | −0.248% | — | $217.4M | — | as long as short |
| MEXC PEPE_USDT | +0.0782% | 8h | 0.000005157 | −0.107% | $98.7M | $302.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0782% | 8h | 0.000005158 | −0.099% | $142.5M | $1.45B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0784% | 1h | 0.000005169 | +0.125% | $547K | $285K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0784% | 1h | 0.000005170 | +0.139% | $146K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0803% | 8h | 0.000005157 | −0.114% | $1.8M | $11.6M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0918% | 1h | 0.000005166 | +0.062% | $55.1M | $154.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2351% | 1h | 0.000005000 | −3.153% | $64K | — | 100x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1244% | 1h | 0.000005189 | +0.507% | $157K | $818K | 25x | as long as short |
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
BloFin PEPE-USDT
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
ApeX Omni 1000PEPEUSDT