Funding you earn now, next payment 04:00 UTC−0.0772%/8h= −84.5% APRpaid last 24h −0.052%
Price spread now: Bybit against ApeX Omni+1.331%89s7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as 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−$410.408% of the position
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 4 days (all we have)−1.512%−$151 · spread now +1.331%, 7d avg −0.028%
=The price spread pays, funding is against you. Bybit is 1.359% dearer against ApeX Omni than usual: you sell high and buy low (spread +1.331% now, against its 7-day average of −0.028%): +$136 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 5.9 days. At the pace of the last 7 days (−0.139% in total) that is about 2 months. The two prices were read 89 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 -0.139% in total (about -7.3% 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 | 0.000005178 | 0.0872 | pay 0.0109% / 1h | 1m 55s | $104K | $746K | 25x |
| Short | Bybit 1000PEPEUSDT | 0.000005247 | 0.0100 | get 0.0100% / 8h | 4h 01m | $102.8M | $364.1M | 50x |
ApeX Omni 1000PEPEUSDT
Bybit 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$162.07
- Price spread: +1.331% → −0.028%
- $135.85
- Slippage, 4 orders
- −$19.79
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$67.01
- Costs to cover
- 0.408%
- Break-even
- from the start
Slippage from ApeX Omni: live order book, 57 min ago; Bybit: 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, 57 min ago | 3.94 bp | 11.1 bp −$11 | 55.1 bp −$551 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.95 bp | 10.6 bp −$11 | 18.2 bp −$182 | 45.0 bp −$4,502 | doesn't fit |
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 | 0.000005255 | +1.488% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005255 | +1.493% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005257 | +1.526% | $68K | $147K | 10x | as long as short |
| Bybit 1000PEPEUSDTshort | +0.0100% | 8h | 0.000005247 | +1.331% | $102.8M | $364.1M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005255 | +1.487% | $171.9M | $83.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005260 | +1.589% | $27.0M | $66.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005177 | −0.027% | $822K | $4.9M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005181 | +0.064% | $37K | $491K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005267 | +1.728% | $2K | $2.5M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005238 | +1.153% | $607K | $3.8M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005257 | +1.532% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0232% | 8h | 0.000005255 | +1.477% | $48.4M | $183.2M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005255 | +1.487% | $3K | $110K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0366% | 8h | 0.000005263 | +1.643% | $35K | $25K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0400% | 8h | 0.000005251 | +1.410% | $50.6M | $653.5M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0525% | 8h | 0.000005259 | +1.564% | $4.6M | $27.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0608% | 8h | 0.000005269 | +1.754% | $2.6M | $7.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005258 | +1.545% | $770K | $35.5M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0701% | 1h | 0.000005260 | +1.584% | $75K | $126K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0725% | 8h | 0.000005251 | +1.418% | — | $2.3M | — | as long as short |
| SoDEX 1000PEPE-USD | +0.0765% | 1h | 0.000005263 | +1.642% | $2K | $10K | 10x | as long as short |
| MEXC PEPE_USDT | +0.0767% | 8h | 0.000005250 | +1.383% | $101.2M | $294.2M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005257 | +1.526% | $149K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0776% | 8h | 0.000005253 | +1.439% | $151.0M | $1.28B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0776% | 1h | 0.000005249 | +1.377% | $557K | $226K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0796% | 8h | 0.000005271 | +1.795% | $6K | — | 20x | as long as short |
| Lighter 1000PEPE | +0.0808% | 1h | 0.000005266 | +1.699% | $645K | $8.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0844% / S −0.1715% | 1h | 0.000005000 | −3.438% | $64K | — | 100x | as long as short |
| ApeX Omni 1000PEPEUSDTlong | +0.0872% | 1h | 0.000005178 | long leg | $104K | $746K | 25x | |
| Aster 1000PEPEUSDT | +0.0898% | 8h | 0.000005259 | +1.571% | $1.9M | $9.8M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0932% | 1h | 0.000005261 | +1.606% | $184K | $909K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1120% | 1h | 0.000005272 | +1.815% | $636 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1120% | 1h | 0.000005263 | +1.636% | $84K | $715K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1238% | 1h | 0.000005261 | +1.608% | $4.8M | $16.2M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1560% | 1h | 0.000005257 | +1.526% | $57.0M | $143.2M | 10x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
SoDEX 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE