Funding you earn now, next payment 08:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h −0.030%
Price spread now: Bybit against Reya−0.113%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.113% cheaper against Reya than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya kPEPERUSDPERP | 0.000005143 | 0.0189 | pay 0.0024% / 1h | 17m 31s | $8K | — | 15x |
| Short | Bybit 1000PEPEUSDT | 0.000005137 | 0.0100 | get 0.0100% / 8h | 17m 31s | $99.0M | $430.2M | 50x |
Reya kPEPERUSDPERP
Bybit 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Reya. 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
- −$18.7
- Price spread: −0.113% → 0.000%
- −$11.32
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$47.02
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Bybit: live order book, 2 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 Reya no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 0.97 bp | 8.1 bp −$8 | 13.2 bp −$132 | 33.0 bp −$3,296 | 186.0 bp −$93.0K |
Reya: 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 | 0.000005160 | +0.327% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005142 | −0.020% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005161 | +0.353% | $60K | $184K | 10x | as long as short |
| Bybit 1000PEPEUSDTshort | +0.0100% | 8h | 0.000005137 | −0.113% | $99.0M | $430.2M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005158 | +0.295% | $163.4M | $99.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005163 | +0.385% | $615K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005172 | +0.558% | $28K | $548K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005162 | +0.369% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005172 | +0.575% | $603K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0125% | 8h | 0.000005155 | +0.227% | $26.9M | $74.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0144% | 1h | 0.000005157 | +0.276% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERPlong | +0.0189% | 1h | 0.000005143 | long leg | $8K | — | 15x | |
| Bitget PEPEUSDT | +0.0254% | 8h | 0.000005142 | −0.016% | $46.2M | $220.1M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0298% | 1h | 0.000005173 | +0.587% | $150K | $834K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0332% | 1h | 0.000005156 | +0.256% | $74K | $127K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0366% | 8h | 0.000005145 | +0.042% | $47.8M | $746.6M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005160 | +0.334% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0414% | 8h | 0.000005159 | +0.317% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0464% | 8h | 0.000005159 | +0.318% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0467% | 8h | 0.000005152 | +0.182% | $2.4M | $8.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0484% | 8h | 0.000005167 | +0.470% | $4.5M | $30.4M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0524% | 1h | 0.000005153 | +0.200% | $79K | $889K | 15x | as long as short |
| Lighter 1000PEPE | +0.0544% | 1h | 0.000005162 | +0.373% | $619K | $9.1M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005148 | +0.101% | $685K | $39.7M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0686% | 8h | 0.000005149 | +0.122% | — | $175.0M | — | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0712% | 1h | 0.000005154 | +0.224% | $4.8M | $16.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0712% | 1h | 0.000005162 | +0.373% | $623 | $2K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0715% | 1h | 0.000005144 | +0.016% | $165K | $958K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0720% | 1h | 0.000005158 | +0.304% | $542K | $282K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0720% | 1h | 0.000005158 | +0.295% | $146K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0721% | 8h | 0.000005152 | +0.175% | $142.1M | $1.50B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0721% | 8h | 0.000005148 | +0.110% | $101.0M | $308.5M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0723% | 8h | 0.000005151 | +0.157% | $1.7M | $11.9M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0931% | 1h | 0.000005148 | +0.101% | $53.6M | $159.2M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1068% / S −0.1281% | 1h | 0.000005000 | −2.777% | $50K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Kraken Futures PF_PEPEUSD
01 Exchange kPEPEUSD
Nado kPEPE-PERP
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]