Funding you earn now, next payment 07:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h −0.141%
Price spread now: OKX against Backpack−0.240%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$260.259% of the position
Funding, last 7 days−0.264%−$26 on $10k
+Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.240%, 7d avg +0.005%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.245% cheaper against Backpack than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack kPEPE_USDC_PERP | 0.000005160 | 0.0410 | pay 0.0051% / 1h | 42m 31s | $74K | $855K | 15x |
| Short | OKX PEPE-USDT-SWAP | 0.000005148 | 0.0417 | get 0.0417% / 8h | 1h 42m | $48.1M | $726.6M | 50x |
Backpack kPEPE_USDC_PERP
OKX PEPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $1.33
- Price spread: −0.240% → +0.005%
- −$24.51
- Slippage, 4 orders
- −$5.88
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$49.06
- Costs to cover
- 0.259%
- Break-even
- 265.7 days
Slippage from Backpack: live order book, 1 min ago; OKX: 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 Backpack live order book, 1 min ago | 0.10 bp | 5.3 bp −$5 | 30.5 bp −$305 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.97 bp | 7.7 bp −$8 | 11.8 bp −$118 | 37.8 bp −$3,779 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005154 | −0.124% | $10K | $119K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005149 | −0.228% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005160 | −0.008% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005153 | −0.143% | $60K | $180K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005145 | −0.298% | $101.3M | $415.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005145 | −0.298% | $164.2M | $96.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005154 | −0.122% | $26.0M | $72.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005133 | −0.539% | $612K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005145 | −0.294% | $28K | $543K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005171 | +0.200% | $1K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
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 | 0.000005164 | +0.070% | $595K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0105% | 1h | 0.000005157 | −0.066% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005148 | −0.234% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0296% | 8h | 0.000005147 | −0.260% | $46.1M | $214.6M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0332% | 1h | 0.000005161 | +0.012% | $74K | $127K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0383% | 8h | 0.000005163 | +0.058% | $34K | $26K | 20x | as long as short |
| Backpack kPEPE_USDC_PERPlong | +0.0410% | 1h | 0.000005160 | long leg | $74K | $855K | 15x | |
| OKX PEPE-USDT-SWAPshort | +0.0417% | 8h | 0.000005148 | −0.240% | $48.1M | $726.6M | 50x | |
| Kraken Futures PF_PEPEUSD | +0.0452% | 1h | 0.000005159 | −0.019% | $4.7M | $16.8M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0456% | 1h | 0.000005149 | −0.221% | $156K | $821K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0503% | 8h | 0.000005149 | −0.215% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0542% | 8h | 0.000005159 | −0.027% | $4.6M | $29.6M | 75x | as long as short |
| Lighter 1000PEPE | +0.0560% | 1h | 0.000005156 | −0.085% | $619K | $9.0M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0563% | 8h | 0.000005159 | −0.033% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005164 | +0.070% | $673K | $38.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0656% | 1h | 0.000005151 | −0.182% | $621 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0728% | 1h | 0.000005163 | +0.043% | $164K | $957K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0743% | 8h | 0.000005147 | −0.254% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005167 | +0.128% | $146K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0773% | 8h | 0.000005149 | −0.229% | $142.6M | $1.45B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0773% | 8h | 0.000005150 | −0.209% | $99.3M | $303.1M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0776% | 1h | 0.000005144 | −0.311% | $547K | $286K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0784% | 8h | 0.000005147 | −0.260% | $1.8M | $11.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0979% | 1h | 0.000005164 | +0.070% | $55.3M | $154.8M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2351% | 1h | 0.000005000 | −3.108% | $64K | — | 100x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Orderly PERP_1000PEPE_USDC
Kraken Futures PF_PEPEUSD
ApeX Omni 1000PEPEUSDT
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Lighter 1000PEPE
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]