Funding you earn now, next payment 07:00 UTC+0.0393%/8h= +43.1% APRnext payment +$0.49 per $10,000 · paid last 24h +0.015%
Price spread now: Coinbase International against ApeX Omni+0.402%75s7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as 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−$480.481% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)−0.437%−$44 · spread now +0.402%, 7d avg +0.005%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Coinbase International is 0.397% dearer against ApeX Omni than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of +0.005%. The two prices were read 75 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 -0.049% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.49 per $10,000. 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 | 0.000005222 | 0.0151 | pay 0.0019% / 1h | 42m 23s | $152K | $832K | 25x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000005243 | 0.0544 | get 0.0068% / 1h | 42m 23s | $701K | $40.0M | 50x |
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $82.59
- Price spread: +0.402% → +0.005%
- $39.7
- Slippage, 4 orders
- −$28.09
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $74.2
- Costs to cover
- 0.481%
- Break-even
- 0.7 days
Slippage from ApeX Omni: live order book, 62 min ago; Coinbase International: 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, 62 min ago | 2.51 bp | 11.1 bp −$11 | 55.9 bp −$559 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 3.84 bp | 11.5 bp −$11 | 16.0 bp −$160 | doesn't fit | 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 | 0.000005247 | +0.488% | $20K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005233 | +0.216% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005252 | +0.574% | $61K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005237 | +0.285% | $101.9M | $426.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005236 | +0.268% | $165.2M | $98.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005200 | −0.412% | $651K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005205 | −0.325% | $29K | $546K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005245 | +0.448% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005255 | +0.634% | $611K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0123% | 8h | 0.000005238 | +0.316% | $27.1M | $73.3M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni 1000PEPEUSDTlong | +0.0151% | 1h | 0.000005222 | long leg | $152K | $832K | 25x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005239 | +0.316% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0275% | 8h | 0.000005235 | +0.247% | $46.9M | $218.9M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0383% | 8h | 0.000005239 | +0.326% | $48.2M | $755.1M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0390% | 1h | 0.000005236 | +0.268% | $2K | $11K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005203 | −0.364% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0410% | 8h | 0.000005241 | +0.356% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0503% | 8h | 0.000005240 | +0.344% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0505% | 8h | 0.000005245 | +0.440% | $4.5M | $30.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0513% | 8h | 0.000005247 | +0.473% | $2.4M | $8.1M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0515% | 1h | 0.000005235 | +0.249% | $75K | $127K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0544% | 1h | 0.000005243 | +0.402% | $701K | $40.0M | 50x | |
| Backpack kPEPE_USDC_PERP | +0.0561% | 1h | 0.000005243 | +0.394% | $76K | $870K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0617% | 1h | 0.000005238 | +0.304% | $167K | $956K | 10x | as long as short |
| Lighter 1000PEPE | +0.0648% | 1h | 0.000005259 | +0.709% | $625K | $9.0M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0701% | 1h | 0.000005233 | +0.211% | $4.8M | $16.7M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0712% | 8h | 0.000005241 | +0.356% | — | $218.5M | — | as long as short |
| 01 Exchange kPEPEUSD | +0.0728% | 1h | 0.000005241 | +0.364% | $632 | $2K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0739% | 8h | 0.000005241 | +0.372% | $1.8M | $11.7M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0749% | 8h | 0.000005238 | +0.312% | $102.1M | $304.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0750% | 8h | 0.000005242 | +0.379% | $143.8M | $1.49B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0752% | 1h | 0.000005234 | +0.232% | $550K | $284K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0752% | 1h | 0.000005236 | +0.268% | $148K | — | 3x | as long as short |
| Hyperliquid kPEPE | +0.0979% | 1h | 0.000005245 | +0.440% | $54.5M | $157.6M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1135% / S −0.2351% | 1h | 0.000005000 | −4.251% | $64K | — | 100x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
01 Exchange kPEPEUSD
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]