Funding you earn now, next payment 02:00 UTC+0.0206%/8h= +22.5% APRpaid last 24h +0.004%
Price spread now: Binance against ApeX Omni+0.906%49s7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.423% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−1.287%−$129 · spread now +0.906%, 7d avg +0.030%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.876% dearer against ApeX Omni than usual: you sell high and buy low: +$88 more if the spread goes back to its 7-day average of +0.030%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.010% in total (about -0.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni 1000PEPEUSDT | 0.000005065 | 0.0321 | pay 0.0040% / 1h | 26m 42s | $107K | $746K | 25x |
| Short | Binance 1000PEPEUSDT | 0.000005111 | 0.0526 | get 0.0526% / 8h | 6h 26m | $144.4M | $1.17B | 75x |
ApeX Omni 1000PEPEUSDT
Binance 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against ApeX Omni. 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
- $43.16
- Price spread: +0.906% → +0.030%
- $87.58
- Slippage, 4 orders
- −$22.33
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $88.41
- Costs to cover
- 0.423%
- Break-even
- from the start
Slippage from ApeX Omni: live order book, 42 min ago; Binance: live order book, 2 min ago.
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 ApeX Omni live order book, 42 min ago | 5.63 bp | 13.3 bp −$13 | 73.3 bp −$733 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.10 bp | 7.6 bp −$8 | 12.7 bp −$127 | 42.3 bp −$4,229 | doesn't fit |
PEPE on 34 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 | 0.000005107 | +0.822% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005101 | +0.717% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005113 | +0.948% | $62K | $125K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005107 | +0.837% | $99.1M | $323.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005113 | +0.948% | $162.9M | $70.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005112 | +0.930% | $25.3M | $60.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005118 | +1.044% | $47.3M | $160.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005030 | −0.697% | $565K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005065 | +0.006% | $27K | $406K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005114 | +0.960% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005103 | +0.752% | $575K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005107 | +0.837% | $8K | — | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0215% | 8h | 0.000005098 | +0.648% | $2.4M | $6.9M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0230% | 8h | 0.000005118 | +1.046% | $45.4M | $573.2M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0277% | 8h | 0.000005108 | +0.843% | $34K | $23K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDTlong | +0.0321% | 1h | 0.000005065 | long leg | $107K | $746K | 25x | |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000005110 | +0.888% | $661K | $29.5M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0479% | 8h | 0.000005114 | +0.963% | — | $2.3M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0509% / S −0.0477% | 1h | 0.000005000 | −1.283% | $60K | — | 100x | as long as short |
| Aevo 1000PEPE-PERP | +0.0512% | 1h | 0.000005108 | +0.849% | $144K | — | 3x | as long as short |
| Extended 1000PEPE-USD | +0.0520% | 1h | 0.000005117 | +1.035% | $563K | $199K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0520% | 8h | 0.000005112 | +0.920% | $95.9M | $290.4M | 300x | as long as short |
| Binance 1000PEPEUSDTshort | +0.0526% | 8h | 0.000005111 | +0.906% | $144.4M | $1.17B | 75x | |
| Paradex kPEPE-USD-PERP | +0.0548% | 8h | 0.000005110 | +0.894% | $6K | $16 | 20x | as long as short |
| Nado kPEPE-PERP | +0.0605% | 1h | 0.000005106 | +0.815% | $179K | $879K | 10x | as long as short |
| SoDEX 1000PEPE-USD | +0.0620% | 1h | 0.000005104 | +0.770% | $2K | $12K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0629% | 8h | 0.000005113 | +0.942% | $1.7M | $8.1M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0816% | 1h | 0.000005102 | +0.734% | $4.0M | $14.5M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000005070 | +0.099% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0933% | 1h | 0.000005109 | +0.869% | $103K | $616K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0984% | 1h | 0.000005095 | +0.592% | $1K | $2K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.1122% | 1h | 0.000005108 | +0.849% | $62K | $114K | 25x | as long as short |
| Lighter 1000PEPE | +0.1512% | 1h | 0.000005122 | +1.125% | $1.1M | $7.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2243% | 1h | 0.000005127 | +1.224% | $56.6M | $135.9M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
GMX PEPE/USD [ETH-USDC]
Aevo 1000PEPE-PERP
Extended 1000PEPE-USD
MEXC PEPE_USDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
SoDEX 1000PEPE-USD
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Lighter 1000PEPE
Hyperliquid kPEPE