PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h −0.015%

Price spread now: ApeX Omni against Coinbase International−0.545%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$460.461% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.562%+$56 · spread now −0.545%, 7d avg −0.027%

Together, before fees+0.604%+$60 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.518% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.545% now, against its 7-day average of −0.027%). If the spread goes back, that is −$52 on $10k: about 19 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.042% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International 1000PEPE-PERP-INTX	0.000005320	0.0712	pay 0.0089% / 1h	30m 43s	$651K	$36.7M	50x
Short	ApeX Omni 1000PEPEUSDT	0.000005291	0.0804	get 0.0101% / 1h	30m 43s	$162K	$808K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now −0.545%Rate

Funding earned: $19.42
Price spread: −0.545% → −0.027%: −$51.81
Slippage, 4 orders: −$26.14
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$78.53
Costs to cover: 0.461%
Break-even: 35.3 days

Slippage from Coinbase International: live order book, 3 min ago; ApeX Omni: live order book, 23 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 Coinbase International live order book, 3 min ago	4.72 bp	9.7 bp −$10	14.5 bp −$145	93.8 bp −$9,385	doesn't fit
Sell ApeX Omni live order book, 23 min ago	4.06 bp	11.6 bp −$12	94.4 bp −$944	doesn't fit	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	0.000005277	−0.806%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005311	−0.179%	$15K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	+0.132%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005288	−0.602%	$70K	$155K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005306	−0.263%	$107.9M	$378.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005308	−0.226%	$175.9M	$87.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005318	−0.045%	$26.6M	$68.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005312	−0.158%	$747K	$5.1M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005295	−0.463%	$53K	$509K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005321	+0.023%	$2K	$2.5M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005317	−0.051%	$608K	$3.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005314	−0.117%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0287%	8h	0.000005311	−0.165%	$51.8M	$189.8M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0388%	8h	0.000005314	−0.105%	$36K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0434%	8h	0.000005309	−0.207%	$51.9M	$682.4M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0495%	1h	0.000005317	−0.056%	$2K	$10K	10x	as long as short
BloFin PEPE-USDT	+0.0560%	8h	0.000005312	−0.150%	$5.0M	$28.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0630%	8h	0.000005320	−0.008%	$2.6M	$7.5M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTXlong	+0.0712%	1h	0.000005320	long leg	$651K	$36.7M	50x
Paradex kPEPE-USD-PERP	+0.0755%	8h	0.000005279	−0.771%	$6K	—	20x	as long as short
BingX 1000PEPE-USDT	+0.0763%	8h	0.000005315	−0.102%	—	$235.0M	—	as long as short
MEXC PEPE_USDT	+0.0796%	8h	0.000005319	−0.017%	$104.6M	$294.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0798%	8h	0.000005314	−0.105%	$155.0M	$1.32B	75x	as long as short
Extended 1000PEPE-USD	+0.0800%	1h	0.000005319	−0.019%	$562K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005306	−0.263%	$150K	—	3x	as long as short
ApeX Omni 1000PEPEUSDTshort	+0.0804%	1h	0.000005291	−0.545%	$162K	$808K	25x
Nado kPEPE-PERP	+0.0860%	1h	0.000005312	−0.145%	$191K	$916K	10x	as long as short
Aster 1000PEPEUSDT	+0.0914%	8h	0.000005306	−0.265%	$1.9M	$10.3M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0939% / S −0.1863%	1h	0.000005000	−6.015%	$65K	—	100x	as long as short
01 Exchange kPEPEUSD	+0.1032%	1h	0.000005311	−0.169%	$641	$3K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1069%	1h	0.000005315	−0.094%	$75K	$126K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.1225%	1h	0.000005323	+0.053%	$69K	$724K	15x	as long as short
Lighter 1000PEPE	+0.1248%	1h	0.000005317	−0.056%	$701K	$8.7M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1535%	1h	0.000005319	−0.014%	$4.9M	$16.4M	50x	as long as short
Hyperliquid kPEPE	+0.1645%	1h	0.000005315	−0.094%	$58.1M	$145.2M	10x	as long as short