Funding you earn now, next payment 08:00 UTC+0.0278%/8h= +30.4% APRnext payment +$2.78 per $10,000 · paid last 24h +0.013%
Price spread now: OKX against Bybit+0.193%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$380.379% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 7 days−0.178%−$18 · spread now +0.193%, 7d avg +0.025%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and OKX is 0.168% dearer against Bybit than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.025%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.074% in total (about 3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.78 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 | Bybit 1000PEPEUSDT | 0.000005183 | 0.0100 | pay 0.0100% / 8h | 4h 25m | $101.1M | $355.0M | 50x |
| Short | OKX PEPE-USDT-SWAP | 0.000005193 | 0.0378 | get 0.0378% / 8h | 4h 25m | $49.2M | $628.5M | 50x |
Bybit 1000PEPEUSDT
OKX PEPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bybit. 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
- $58.34
- Price spread: +0.193% → +0.025%
- $16.81
- Slippage, 4 orders
- −$16.87
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $37.29
- Costs to cover
- 0.379%
- Break-even
- 2.5 days
Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 3 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 Bybit live order book, 3 min ago | 0.96 bp | 8.4 bp −$8 | 16.8 bp −$168 | 38.2 bp −$3,822 | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.96 bp | 9.4 bp −$9 | 15.3 bp −$153 | 35.6 bp −$3,556 | 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 | 0.000005199 | +0.308% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005194 | +0.210% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005207 | +0.463% | $66K | $144K | 10x | as long as short |
| Bybit 1000PEPEUSDTlong | +0.0100% | 8h | 0.000005183 | long leg | $101.1M | $355.0M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005188 | +0.096% | $174.1M | $79.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005199 | +0.303% | $26.3M | $65.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005200 | +0.319% | $761K | $4.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005196 | +0.254% | $37K | $459K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005209 | +0.507% | $1K | $2.5M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005200 | +0.330% | $590K | $3.7M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005214 | +0.589% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0198% | 8h | 0.000005192 | +0.174% | $48.0M | $178.6M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005173 | −0.193% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0347% | 8h | 0.000005208 | +0.492% | $34K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAPshort | +0.0378% | 8h | 0.000005193 | +0.193% | $49.2M | $628.5M | 50x | |
| BloFin PEPE-USDT | +0.0497% | 8h | 0.000005214 | +0.598% | $4.4M | $26.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0539% | 8h | 0.000005206 | +0.444% | $2.6M | $7.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005200 | +0.328% | $1.0M | $33.4M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0697% | 8h | 0.000005186 | +0.062% | — | $262.7M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0736% | 1h | 0.000005211 | +0.540% | $147K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0738% | 8h | 0.000005196 | +0.253% | $98.5M | $290.4M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0741% | 8h | 0.000005192 | +0.164% | $149.4M | $1.25B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0744% | 1h | 0.000005198 | +0.298% | $550K | $226K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0775% / S −0.1561% | 1h | 0.000005000 | −3.531% | $64K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0813% | 8h | 0.000005200 | +0.328% | $6K | — | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0834% | 1h | 0.000005220 | +0.714% | $104K | $743K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0841% | 1h | 0.000005215 | +0.615% | $194K | $897K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0850% | 8h | 0.000005202 | +0.370% | $1.9M | $9.5M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0859% | 1h | 0.000005209 | +0.502% | $2K | $10K | 10x | as long as short |
| Lighter 1000PEPE | +0.0872% | 1h | 0.000005212 | +0.560% | $599K | $8.3M | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0904% | 1h | 0.000005206 | +0.444% | $74K | $125K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.1160% | 1h | 0.000005192 | +0.174% | $626 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1168% | 1h | 0.000005207 | +0.465% | $99K | $666K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1250% | 1h | 0.000005209 | +0.510% | $4.7M | $15.9M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1588% | 1h | 0.000005199 | +0.309% | $56.1M | $141.8M | 10x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
Aster 1000PEPEUSDT
SoDEX 1000PEPE-USD
Lighter 1000PEPE
Deribit 1000PEPE_USDC-PERPETUAL
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE