Funding you earn now, next payment 06:00 UTC+0.0435%/8h= +47.6% APRnext payment +$0.54 per $10,000 · paid last 24h +0.061%
Price spread now: Coinbase International against Reya+0.334%48s7-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
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 0.334% dearer against Reya than usual: you sell high and buy low: +$33 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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 | Reya kPEPERUSDPERP | 0.000005081 | 0.0189 | pay 0.0024% / 1h | 23m 22s | $8K | — | 15x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000005098 | 0.0624 | get 0.0078% / 1h | 23m 22s | $684K | $38.5M | 50x |
Reya kPEPERUSDPERP
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $91.35
- Price spread: +0.334% → 0.000%
- $33.4
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $108.75
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 6 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 Coinbase International live order book, 6 min ago | 4.91 bp | 9.9 bp −$10 | 13.5 bp −$135 | 37.1 bp −$3,708 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005093 | +0.236% | $9K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005082 | +0.011% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005100 | +0.373% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005087 | +0.117% | $59K | $181K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005083 | +0.047% | $99.1M | $419.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005081 | −0.001% | $161.8M | $97.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005083 | +0.033% | $25.9M | $72.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005105 | +0.464% | $598K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005090 | +0.182% | $28K | $541K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005087 | +0.125% | $2K | $2.7M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005098 | +0.342% | $591K | $4.2M | 75x | as long as short |
| Reya kPEPERUSDPERPlong | +0.0189% | 1h | 0.000005081 | long leg | $8K | — | 15x | |
| SoDEX 1000PEPE-USD | +0.0189% | 1h | 0.000005094 | +0.255% | $2K | $11K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0287% | 8h | 0.000005085 | +0.078% | $45.4M | $215.7M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0315% | 1h | 0.000005091 | +0.196% | $154K | $822K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0339% | 1h | 0.000005098 | +0.334% | $73K | $127K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0393% | 8h | 0.000005084 | +0.060% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0404% | 8h | 0.000005085 | +0.078% | $47.0M | $722.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0423% | 1h | 0.000005093 | +0.232% | $73K | $860K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0458% | 1h | 0.000005092 | +0.220% | $4.6M | $16.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0503% | 8h | 0.000005088 | +0.131% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0530% | 8h | 0.000005101 | +0.393% | $4.5M | $29.4M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0584% | 8h | 0.000005093 | +0.234% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0624% | 1h | 0.000005098 | +0.334% | $684K | $38.5M | 50x | |
| Lighter 1000PEPE | +0.0672% | 1h | 0.000005090 | +0.177% | $606K | $9.1M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005082 | +0.019% | $812 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0728% | 8h | 0.000005084 | +0.062% | — | $217.8M | — | as long as short |
| Nado kPEPE-PERP | +0.0760% | 1h | 0.000005084 | +0.055% | $163K | $959K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0764% | 8h | 0.000005088 | +0.139% | $1.7M | $11.8M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0768% | 1h | 0.000005084 | +0.054% | $538K | $280K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0768% | 8h | 0.000005081 | +0.005% | $98.5M | $305.3M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005084 | +0.058% | $144K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0768% | 8h | 0.000005085 | +0.070% | $140.0M | $1.47B | 75x | as long as short |
| Hyperliquid kPEPE | +0.0932% | 1h | 0.000005086 | +0.098% | $52.6M | $156.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1130% / S −0.2257% | 1h | 0.000005000 | −1.595% | $63K | — | 100x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Lighter 1000PEPE
01 Exchange kPEPEUSD
BingX 1000PEPE-USDT
Nado kPEPE-PERP
Aster 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]