Funding you earn now, next payment 09:00 UTC−0.0189%/8h= −20.7% APRnext payment −$0.24 per $10,000 · paid last 24h −0.044%
Price spread now: Deribit against 01 Exchange−0.040%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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Deribit is 0.040% cheaper against 01 Exchange than usual: you would sell low and buy high (−$4 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 | 01 Exchange kPEPEUSD | 0.000005031 | 0.0536 | pay 0.0067% / 1h | 30m 56s | $607 | $2K | 10x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005029 | 0.0347 | get 0.0043% / 1h | 30m 56s | $72K | $128K | 25x |
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against 01 Exchange. 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
- −$39.71
- Price spread: −0.040% → 0.000%
- −$3.98
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$57.69
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Deribit: live order book, 33 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 33 min ago | 4.86 bp | 10.3 bp −$10 | 19.5 bp −$195 | doesn't fit | doesn't fit |
01 Exchange: 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005023 | −0.155% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005023 | −0.159% | $58K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005020 | −0.219% | $97.3M | $438.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005026 | −0.099% | $159.5M | $99.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005087 | +1.106% | $637K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005064 | +0.649% | $28K | $551K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005038 | +0.131% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005031 | −0.010% | $585K | $4.3M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005027 | −0.080% | $7K | $121K | 12x | as long as short |
| SoDEX 1000PEPE-USD | +0.0157% | 1h | 0.000005031 | 0.000% | $2K | $11K | 10x | as long as short |
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
Injective PEPE/USDC PERP
SoDEX 1000PEPE-USDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0167% | 8h | 0.000005019 | −0.239% | $26.4M | $74.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005029 | −0.045% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0198% | 8h | 0.000005019 | −0.229% | $45.6M | $223.6M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0300% | 1h | 0.000005056 | +0.497% | $148K | $841K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0322% | 8h | 0.000005023 | −0.159% | $45.3M | $738.3M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0347% | 1h | 0.000005029 | −0.040% | $72K | $128K | 25x | |
| Backpack kPEPE_USDC_PERP | +0.0391% | 1h | 0.000005024 | −0.147% | $96K | $909K | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0406% | 8h | 0.000005023 | −0.150% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0436% | 8h | 0.000005032 | +0.016% | $33K | $30K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0441% | 8h | 0.000005031 | 0.000% | $4.4M | $30.2M | 75x | as long as short |
| Hyperliquid kPEPE | +0.0458% | 1h | 0.000005022 | −0.179% | $52.0M | $160.7M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0502% | 8h | 0.000005035 | +0.072% | $2.3M | $8.1M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005030 | −0.020% | $713K | $39.2M | 50x | as long as short |
| 01 Exchange kPEPEUSDlong | +0.0536% | 1h | 0.000005031 | long leg | $607 | $2K | 10x | |
| Lighter 1000PEPE | +0.0592% | 1h | 0.000005034 | +0.060% | $592K | $9.1M | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0624% | 8h | 0.000005023 | −0.151% | — | $177.1M | — | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0631% | 1h | 0.000005026 | −0.098% | $4.7M | $16.9M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0647% | 8h | 0.000005026 | −0.108% | $138.6M | $1.52B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0648% | 1h | 0.000005020 | −0.216% | $527K | $284K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0648% | 1h | 0.000005024 | −0.139% | $142K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0650% | 8h | 0.000005024 | −0.149% | $97.0M | $308.3M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0666% | 8h | 0.000005020 | −0.221% | $1.7M | $12.0M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0707% | 1h | 0.000005027 | −0.089% | $158K | $967K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0972% / S −0.1091% | 1h | 0.000005000 | −0.616% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.3332% | 1h | 0.000005018 | −0.258% | $19K | $2K | 10x | as long as short |
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Hyperliquid kPEPE
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
BingX 1000PEPE-USDT
Kraken Futures PF_PEPEUSD
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD