Funding you earn now, next payment 22:00 UTC+0.0501%/8h= +54.9% APRnext payment +$0.63 per $10,000 · paid last 24h −0.057%
Price spread now: ApeX Omni against Backpack−0.439%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$420.418% of the position
Funding, last 7 days−0.146%−$15 on $10k
+Price spread, last 3 days (all we have)+0.718%+$72 · spread now −0.439%, 7d avg −0.018%
=Funding pays, the price is against you. ApeX Omni is 0.421% cheaper against Backpack than usual: you would sell low and buy high (spread −0.439% now, against its 7-day average of −0.018%). If the spread goes back, that is −$42 on $10k: about 2.8 days of funding at the current rate (+$15 a day). Mind the row above: over the last 7 days funding on this pair cost −0.146%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.146% in total (about -7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.63 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 | Backpack kPEPE_USDC_PERP | 0.000004871 | 0.0265 | pay 0.0033% / 1h | 49m 17s | $108K | $619K | 15x |
| Short | ApeX Omni 1000PEPEUSDT | 0.000004850 | 0.0766 | get 0.0096% / 1h | 49m 17s | $101K | $757K | 25x |
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Backpack. 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
- $105.2
- Price spread: −0.439% → −0.018%
- −$42.11
- Slippage, 4 orders
- −$21.81
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $21.29
- Costs to cover
- 0.418%
- Break-even
- 5.6 days
Slippage from Backpack: live order book, 39 min ago; ApeX Omni: live order book, 39 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 Backpack live order book, 39 min ago | 0.10 bp | 9.1 bp −$9 | 47.5 bp −$475 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 39 min ago | 5.79 bp | 13.8 bp −$14 | 75.8 bp −$758 | 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 | 0.000004864 | −0.152% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004880 | +0.168% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004876 | +0.094% | $56.4M | $68.5M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004870 | −0.029% | $57K | $109K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004881 | +0.197% | $89.3M | $271.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004872 | +0.012% | $148.6M | $60.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004874 | +0.047% | $23.8M | $50.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004845 | −0.552% | $708K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004830 | −0.846% | $27K | $336K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004892 | +0.429% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004871 | −0.012% | $553K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0109% | 8h | 0.000004883 | +0.238% | $41.8M | $493.8M | 50x | as long as short |
| Lighter 1000PEPE | +0.0152% | 1h | 0.000004884 | +0.259% | $546K | $5.0M | 10x | as long as short |
| Bitget PEPEUSDT | +0.0174% | 8h | 0.000004880 | +0.177% | $44.9M | $150.3M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004877 | +0.117% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0225% | 8h | 0.000004884 | +0.259% | $4.0M | $21.7M | 75x | as long as short |
| Backpack kPEPE_USDC_PERPlong | +0.0265% | 1h | 0.000004871 | long leg | $108K | $619K | 15x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0374% | 1h | 0.000004000 | −17.888% | $42K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0339% | 8h | 0.000004878 | +0.139% | $5K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0354% | 8h | 0.000004879 | +0.150% | $30K | $10K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0421% | 8h | 0.000004884 | +0.267% | $2.3M | $6.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004874 | +0.053% | $598K | $25.6M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004880 | +0.177% | $4K | $92K | 12x | as long as short |
| SoDEX 1000PEPE-USD | +0.0616% | 1h | 0.000004884 | +0.259% | $2K | $9K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0685% | 1h | 0.000004875 | +0.084% | $182K | $868K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0750% | 1h | 0.000004885 | +0.288% | $3.9M | $12.8M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0756% | 8h | 0.000004881 | +0.193% | — | $2.3M | — | as long as short |
| ApeX Omni 1000PEPEUSDTshort | +0.0766% | 1h | 0.000004850 | −0.439% | $101K | $757K | 25x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0775% | 1h | 0.000004884 | +0.259% | $82K | $94K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0791% | 8h | 0.000004886 | +0.291% | $93.0M | $286.8M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000004883 | +0.234% | $535K | $146K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000004893 | +0.443% | $138K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0794% | 8h | 0.000004888 | +0.349% | $131.3M | $1.01B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0854% | 8h | 0.000004880 | +0.172% | $1.5M | $6.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1640% | 1h | 0.000004886 | +0.300% | $560 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Lighter 1000PEPE
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
SoDEX 1000PEPE-USD
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDC
Deribit 1000PEPE_USDC-PERPETUAL
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD