Funding you earn now, next payment 16:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: OKX against BloFin+0.039%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$330.332% of the position
Funding, last 7 days−0.235%−$23 on $10k
+Price spread, last 4 days (all we have)−0.352%−$35 · spread now +0.039%, 7d avg +0.043%
=The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PEPE-USDT | 0.000005128 | 0.0466 | pay 0.0466% / 8h | 7h 48m | $4.5M | $30.4M | 75x |
| Short | OKX PEPE-USDT-SWAP | 0.000005130 | 0.0346 | get 0.0346% / 8h | 7h 48m | $47.2M | $749.5M | 50x |
BloFin PEPE-USDT
OKX PEPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BloFin. 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
- −$25.2
- Price spread: +0.039% → +0.043%
- −$0.4
- Slippage, 4 orders
- −$11.18
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$58.78
- Costs to cover
- 0.332%
- Break-even
- never at this rate
Slippage from BloFin: 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 BloFin live order book, 5 min ago | 0.98 bp | 12.1 bp −$12 | 15.1 bp −$151 | 31.9 bp −$3,187 | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.98 bp | 6.6 bp −$7 | 14.5 bp −$145 | 49.8 bp −$4,978 | 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 | 0.000005123 | −0.095% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005120 | −0.160% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005128 | 0.000% | $60K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005125 | −0.057% | $98.8M | $435.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005123 | −0.098% | $163.1M | $99.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005142 | +0.266% | $636K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005125 | −0.050% | $28K | $549K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005138 | +0.193% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005126 | −0.029% | $600K | $4.2M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0134% | 1h | 0.000005124 | −0.078% | $149K | $836K | 25x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
ApeX Omni 1000PEPEUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005129 | +0.020% | $8K | $120K | 12x | as long as short |
| KuCoin PEPEUSDTM | +0.0157% | 8h | 0.000005128 | +0.006% | $26.8M | $74.7M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005123 | −0.091% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0200% | 1h | 0.000005124 | −0.078% | $2K | $11K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0226% | 8h | 0.000005126 | −0.041% | $46.0M | $221.9M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0336% | 1h | 0.000005123 | −0.098% | $73K | $128K | 25x | as long as short |
| OKX PEPE-USDT-SWAPshort | +0.0346% | 8h | 0.000005130 | +0.039% | $47.2M | $749.5M | 50x | |
| Paradex kPEPE-USD-PERP | +0.0429% | 8h | 0.000005127 | −0.012% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0429% | 8h | 0.000005126 | −0.037% | $34K | $26K | 20x | as long as short |
| BloFin PEPE-USDTlong | +0.0466% | 8h | 0.000005128 | long leg | $4.5M | $30.4M | 75x | |
| Backpack kPEPE_USDC_PERP | +0.0468% | 1h | 0.000005125 | −0.059% | $76K | $895K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005132 | +0.078% | $669K | $39.9M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0538% | 8h | 0.000005126 | −0.045% | $2.4M | $8.1M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0560% | 1h | 0.000005133 | +0.098% | $619 | $2K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0572% | 1h | 0.000005131 | +0.059% | $53.2M | $159.9M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0611% | 1h | 0.000005125 | −0.060% | $162K | $964K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0619% | 1h | 0.000005121 | −0.135% | $4.8M | $16.7M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0648% | 8h | 0.000005128 | −0.010% | — | $2.3M | — | as long as short |
| Lighter 1000PEPE | +0.0664% | 1h | 0.000005129 | +0.020% | $621K | $9.0M | 10x | as long as short |
| Binance 1000PEPEUSDT | +0.0677% | 8h | 0.000005127 | −0.018% | $141.6M | $1.51B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0680% | 1h | 0.000005127 | −0.015% | $539K | $280K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0680% | 8h | 0.000005132 | +0.074% | $100.5M | $306.0M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0680% | 1h | 0.000005124 | −0.078% | $145K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0694% | 8h | 0.000005129 | +0.025% | $1.7M | $12.0M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1019% / S −0.1149% | 1h | 0.000005000 | −2.496% | $51K | — | 100x | as long as short |
Injective PEPE/USDC PERP
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
Hyperliquid kPEPE
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDC
Lighter 1000PEPE
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]