Funding you earn now, next payment 08:00 UTC+0.0109%/8h= +11.9% APRnext payment +$1.09 per $10,000 · paid last 24h +0.009%
Price spread now: OKX against Bitget+0.050%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$310.311% of the position
Funding, last 7 days+0.035%+$3 on $10k
+Price spread, last 7 days−0.050%−$5 · spread now +0.050%, 7d avg −0.027%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.077% dearer against Bitget than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PEPEUSDT | 0.000005209 | 0.0276 | pay 0.0276% / 8h | 44m 25s | $46.8M | $218.3M | 75x |
| Short | OKX PEPE-USDT-SWAP | 0.000005212 | 0.0385 | get 0.0385% / 8h | 44m 25s | $48.1M | $749.4M | 50x |
Bitget PEPEUSDT
OKX PEPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- $22.86
- Price spread: +0.050% → −0.027%
- $7.71
- Slippage, 4 orders
- −$9.12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$0.54
- Costs to cover
- 0.311%
- Break-even
- 7.2 days
Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 5 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 Bitget live order book, 5 min ago | 1.46 bp | 7.8 bp −$8 | 11.2 bp −$112 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.97 bp | 6.0 bp −$6 | 9.3 bp −$93 | 31.9 bp −$3,192 | 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 | 0.000005214 | +0.087% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005220 | +0.209% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005220 | +0.203% | $61K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005211 | +0.031% | $101.6M | $424.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005214 | +0.088% | $165.2M | $98.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005200 | −0.171% | $651K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005205 | −0.084% | $29K | $546K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000005142 | −1.294% | $150K | $832K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005238 | +0.539% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005221 | +0.219% | $608K | $4.2M | 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
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0118% | 8h | 0.000005215 | +0.113% | $26.9M | $73.1M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005210 | +0.012% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDTlong | +0.0276% | 8h | 0.000005209 | long leg | $46.8M | $218.3M | 75x | |
| OKX PEPE-USDT-SWAPshort | +0.0385% | 8h | 0.000005212 | +0.050% | $48.1M | $749.4M | 50x | |
| SoDEX 1000PEPE-USD | +0.0388% | 1h | 0.000005234 | +0.472% | $2K | $11K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005201 | −0.161% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0407% | 8h | 0.000005228 | +0.363% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0504% | 8h | 0.000005219 | +0.184% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0506% | 8h | 0.000005231 | +0.415% | $4.6M | $30.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0509% | 8h | 0.000005236 | +0.520% | $2.4M | $8.1M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0528% | 1h | 0.000005234 | +0.480% | $76K | $868K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005236 | +0.511% | $703K | $39.8M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0654% | 1h | 0.000005216 | +0.132% | $167K | $954K | 10x | as long as short |
| Lighter 1000PEPE | +0.0672% | 1h | 0.000005223 | +0.261% | $621K | $9.0M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0701% | 1h | 0.000005235 | +0.491% | $4.8M | $16.7M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0707% | 8h | 0.000005220 | +0.202% | — | $218.5M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0738% | 8h | 0.000005220 | +0.203% | $1.8M | $11.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0744% | 1h | 0.000005220 | +0.203% | $630 | $2K | 10x | as long as short |
| MEXC PEPE_USDT | +0.0749% | 8h | 0.000005210 | +0.019% | $101.1M | $304.4M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0750% | 8h | 0.000005217 | +0.152% | $143.1M | $1.48B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0752% | 1h | 0.000005217 | +0.142% | $547K | $284K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0752% | 1h | 0.000005237 | +0.530% | $148K | — | 3x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0898% | 1h | 0.000005231 | +0.415% | $75K | $127K | 25x | as long as short |
| Hyperliquid kPEPE | +0.1003% | 1h | 0.000005216 | +0.127% | $54.2M | $157.3M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1135% / S −0.2342% | 1h | 0.000005000 | −4.020% | $64K | — | 100x | as long as short |
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]