Funding you earn now, next payment 00:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.94 per $10,000 · paid last 24h +0.009%
Price spread now: OKX against Gate+0.126%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$400.397% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 7 days−0.140%−$14 · spread now +0.126%, 7d avg −0.002%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.128% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PEPE_USDT | 0.000004767 | 0.0100 | pay 0.0100% / 8h | 2m 40s | $151.1M | $65.1M | 75x |
| Short | OKX PEPE-USDT-SWAP | 0.000004773 | 0.0194 | get 0.0194% / 8h | 2m 40s | $42.5M | $501.0M | 50x |
Gate PEPE_USDT
OKX PEPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- $19.77
- Price spread: +0.126% → −0.002%
- $12.75
- Slippage, 4 orders
- −$14.66
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$7.14
- Costs to cover
- 0.397%
- Break-even
- 9.5 days
Slippage from Gate: live order book, 1 min ago; OKX: live order book, 1 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 Gate live order book, 1 min ago | 2.10 bp | 12.8 bp −$13 | 19.3 bp −$193 | 53.9 bp −$5,389 | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.05 bp | 6.0 bp −$6 | 9.6 bp −$96 | 31.3 bp −$3,128 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0328% | 1h | 0.000004765 | −0.042% | $69.1M | $99.6M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004768 | +0.022% | $17K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004760 | −0.155% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004763 | −0.086% | $3.9M | $13.9M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004771 | +0.084% | $56K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004769 | +0.042% | $87.3M | $295.4M | 50x | as long as short |
| Gate PEPE_USDTlong | +0.0100% | 8h | 0.000004767 | long leg | $151.1M | $65.1M | 75x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004772 | +0.103% | $24.4M | $54.9M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004771 | +0.084% | $42.1M | $151.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004725 | −0.884% | $544K | $4.2M | — | as long as short |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004725 | −0.886% | $25K | $351K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004740 | −0.566% | $99K | $755K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004770 | +0.065% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004763 | −0.084% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004762 | −0.109% | $538K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0162% | 8h | 0.000004768 | +0.027% | $2.3M | $6.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0178% | 8h | 0.000004767 | +0.007% | $5K | $16 | 20x | as long as short |
| Lighter 1000PEPE | +0.0184% | 1h | 0.000004772 | +0.105% | $576K | $6.6M | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004765 | −0.045% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAPshort | +0.0194% | 8h | 0.000004773 | +0.126% | $42.5M | $501.0M | 50x | |
| BloFin PEPE-USDT | +0.0315% | 8h | 0.000004763 | −0.084% | $3.9M | $22.5M | 75x | as long as short |
| 01 Exchange kPEPEUSD | +0.0320% | 1h | 0.000004771 | +0.084% | $547 | $2K | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0344% | 8h | 0.000004764 | −0.055% | $29K | $13K | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0395% / S −0.0434% | 1h | 0.000004000 | −16.090% | $43K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004753 | −0.294% | $558K | $25.6M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004746 | −0.441% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0536% | 1h | 0.000004768 | +0.013% | $93K | $603K | 15x | as long as short |
| BingX 1000PEPE-USDT | +0.0540% | 8h | 0.000004771 | +0.076% | — | $257.4M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0555% | 8h | 0.000004773 | +0.130% | $1.5M | $7.3M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0558% | 8h | 0.000004771 | +0.094% | $134.2M | $1.07B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0560% | 1h | 0.000004769 | +0.039% | $524K | $148K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0560% | 8h | 0.000004773 | +0.120% | $90.2M | $283.8M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0560% | 1h | 0.000004768 | +0.021% | $135K | — | 3x | as long as short |
| Nado kPEPE-PERP | +0.0583% | 1h | 0.000004771 | +0.078% | $180K | $849K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0800% | 1h | 0.000004765 | −0.042% | $77K | $98K | 25x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Reya kPEPERUSDPERP
BloFin PEPE-USDT
01 Exchange kPEPEUSD
Orderly PERP_1000PEPE_USDC
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
BingX 1000PEPE-USDT
Aster 1000PEPEUSDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL