Funding you earn now, next payment 08:00 UTC−0.0296%/8h= −32.4% APRnext payment −$2.96 per $10,000 · paid last 24h −0.028%
Price spread now: OKX against Binance−0.111%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$320.323% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now −0.111%, 7d avg −0.047%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and OKX is 0.064% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.96 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 | Binance 1000PEPEUSDT | 0.000005041 | 0.0605 | pay 0.0605% / 8h | 5h 38m | $141.3M | $1.20B | 75x |
| Short | OKX PEPE-USDT-SWAP | 0.000005035 | 0.0309 | get 0.0309% / 8h | 5h 38m | $45.9M | $581.8M | 50x |
Binance 1000PEPEUSDT
OKX PEPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- −$62.18
- Price spread: −0.111% → −0.047%
- −$6.43
- Slippage, 4 orders
- −$12.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$100.93
- Costs to cover
- 0.323%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; OKX: live order book, 6 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 Binance live order book, 6 min ago | 0.69 bp | 7.8 bp −$8 | 13.0 bp −$130 | 38.8 bp −$3,878 | doesn't fit |
| Sell OKX live order book, 6 min ago | 1.98 bp | 7.9 bp −$8 | 14.4 bp −$144 | 47.2 bp −$4,724 | 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 | 0.000005046 | +0.117% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005032 | −0.165% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005058 | +0.345% | $64K | $136K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005035 | −0.111% | $98.5M | $334.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005035 | −0.111% | $165.0M | $74.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005037 | −0.065% | $25.3M | $62.1M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005033 | −0.159% | $46.2M | $171.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005050 | +0.177% | $680K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005056 | +0.312% | $27K | $423K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005058 | +0.349% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
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 | 0.000005048 | +0.141% | $575K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005047 | +0.123% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAPshort | +0.0309% | 8h | 0.000005035 | −0.111% | $45.9M | $581.8M | 50x | |
| Orderly PERP_1000PEPE_USDC | +0.0316% | 8h | 0.000005035 | −0.103% | $33K | $24K | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0346% | 1h | 0.000005036 | −0.091% | $61K | $114K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0424% | 8h | 0.000005043 | +0.048% | $4.3M | $25.1M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0557% | 1h | 0.000005040 | −0.012% | $2K | $12K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0565% | 8h | 0.000005039 | −0.034% | — | $260.8M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0574% / S −0.0885% | 1h | 0.000005000 | −0.805% | $49K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005053 | +0.246% | $836K | $31.0M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0604% | 8h | 0.000005040 | −0.016% | $95.9M | $287.9M | 300x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0605% | 8h | 0.000005041 | long leg | $141.3M | $1.20B | 75x | |
| Extended 1000PEPE-USD | +0.0608% | 1h | 0.000005038 | −0.048% | $536K | $221K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0608% | 1h | 0.000005036 | −0.091% | $142K | — | 3x | as long as short |
| Phemex u1000PEPEUSDT | +0.0671% | 8h | 0.000005045 | +0.085% | $2.4M | $7.0M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0700% | 8h | 0.000005049 | +0.172% | $1.8M | $9.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0755% | 8h | 0.000005050 | +0.178% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0887% | 1h | 0.000005049 | +0.162% | $184K | $866K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0928% | 1h | 0.000005039 | −0.034% | $98K | $618K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +1.278% | $4K | $102K | 12x | as long as short |
| 01 Exchange kPEPEUSD | +0.0976% | 1h | 0.000005058 | +0.345% | $610 | $3K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0992% | 1h | 0.000005065 | +0.484% | $99K | $752K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1381% | 1h | 0.000005039 | −0.032% | $4.2M | $15.1M | 50x | as long as short |
| Lighter 1000PEPE | +0.1472% | 1h | 0.000005062 | +0.425% | $719K | $8.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.1798% | 1h | 0.000005054 | +0.266% | $55.6M | $137.3M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Phemex u1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE