Funding you earn now, next payment 23:00 UTC−0.0453%/8h= −49.6% APRpaid last 24h −0.029%
Price spread now: OKX against ApeX Omni−0.311%90s7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as 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−$370.371% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 3 days (all we have)+0.187%+$19 · spread now −0.311%, 7d avg +0.003%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and OKX is 0.314% cheaper against ApeX Omni than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of +0.003%). Swap the legs. The two prices were read 90 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 -0.054% in total (about -2.8% 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 | 0.000004829 | 0.0656 | pay 0.0082% / 1h | 30m 04s | $103K | $764K | 25x |
| Short | OKX PEPE-USDT-SWAP | 0.000004814 | 0.0203 | get 0.0203% / 8h | 1h 30m | $41.7M | $491.4M | 50x |
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$95.03
- Price spread: −0.311% → +0.003%
- −$31.4
- Slippage, 4 orders
- −$17.13
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$163.56
- Costs to cover
- 0.371%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 54 min ago; OKX: live order book, 4 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, 54 min ago | 4.63 bp | 11.9 bp −$12 | 62.5 bp −$625 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.03 bp | 7.2 bp −$7 | 10.6 bp −$106 | 32.7 bp −$3,267 | 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 | 0.000004808 | −0.436% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004809 | −0.410% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004814 | −0.311% | $573K | $5.6M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004807 | −0.456% | $62.1M | $79.4M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004813 | −0.331% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004810 | −0.402% | $87.0M | $280.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004808 | −0.435% | $149.7M | $62.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004810 | −0.404% | $24.7M | $54.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004818 | −0.230% | $574K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004832 | +0.057% | $27K | $344K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004817 | −0.255% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004810 | −0.393% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004812 | −0.358% | $544K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0145% | 8h | 0.000004810 | −0.385% | $42.3M | $151.7M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004810 | −0.397% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAPshort | +0.0203% | 8h | 0.000004814 | −0.311% | $41.7M | $491.4M | 50x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0212% / S −0.0092% | 1h | 0.000004000 | −17.167% | $54K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0325% | 8h | 0.000004819 | −0.207% | $3.9M | $22.1M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0352% | 8h | 0.000004814 | −0.307% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0395% | 8h | 0.000004818 | −0.228% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0432% | 1h | 0.000004815 | −0.290% | $552 | $2K | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0445% | 8h | 0.000004811 | −0.375% | $29K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004814 | −0.311% | $594K | $25.6M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0573% | 1h | 0.000004811 | −0.371% | $92K | $615K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0582% | 1h | 0.000004810 | −0.393% | $81K | $94K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDTlong | +0.0656% | 1h | 0.000004829 | long leg | $103K | $764K | 25x | |
| Nado kPEPE-PERP | +0.0748% | 1h | 0.000004813 | −0.325% | $185K | $855K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0799% | 8h | 0.000004812 | −0.350% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000004813 | −0.340% | $529K | $148K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0811% | 8h | 0.000004806 | −0.470% | $130.1M | $1.04B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0815% | 8h | 0.000004810 | −0.385% | $90.9M | $284.2M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0824% | 1h | 0.000004818 | −0.228% | $136K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0837% | 8h | 0.000004815 | −0.283% | $1.5M | $7.0M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004825 | −0.083% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1326% | 1h | 0.000004809 | −0.412% | $3.9M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD