Funding you earn now, next payment 01:00 UTC+0.0250%/8h= +27.4% APRpaid last 24h +0.021%
Price spread now: ApeX Omni against OKX−0.102%90s7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 3 days (all we have)+0.150%+$15 · spread now −0.102%, 7d avg 0.000%
=Funding pays, the price is against you. ApeX Omni is 0.102% cheaper against OKX than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of 0.000%). If the spread goes back, that is −$10 on $10k: about 33 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.049% in total) that is about 15 days. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.049% in total (about 2.5% a year). A funding rate is set anew for every payment. 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 | OKX PEPE-USDT-SWAP | 0.000004905 | 0.0187 | pay 0.0187% / 8h | 7h 38m | $43.1M | $518.7M | 50x |
| Short | ApeX Omni 1000PEPEUSDT | 0.000004900 | 0.0437 | get 0.0055% / 1h | 38m 04s | $101K | $754K | 25x |
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against OKX. 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
- $52.51
- Price spread: −0.102% → 0.000%
- −$10.16
- Slippage, 4 orders
- −$20.89
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $1.46
- Costs to cover
- 0.409%
- Break-even
- 6.8 days
Slippage from OKX: live order book, 1 min ago; ApeX Omni: live order book, 36 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 OKX live order book, 1 min ago | 1.02 bp | 7.9 bp −$8 | 11.1 bp −$111 | 36.8 bp −$3,685 | doesn't fit |
| Sell ApeX Omni live order book, 36 min ago | 4.34 bp | 14.1 bp −$14 | 80.1 bp −$801 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0119% | 1h | 0.000004907 | +0.033% | $3.9M | $13.9M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004897 | −0.159% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004902 | −0.069% | $15K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004909 | +0.082% | $59.2M | $112.7M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004901 | −0.082% | $57K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004900 | −0.102% | $90.0M | $300.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004902 | −0.061% | $156.2M | $65.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004904 | −0.024% | $24.9M | $55.9M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004903 | −0.035% | $43.0M | $151.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004891 | −0.291% | $572K | $4.3M | — | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
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 | 0.000004898 | −0.150% | $26K | $351K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004914 | +0.177% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004905 | 0.000% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004894 | −0.220% | $556K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004901 | −0.090% | $2.3M | $6.6M | 50x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0187% | 8h | 0.000004905 | long leg | $43.1M | $518.7M | 50x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004902 | −0.052% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0192% | 8h | 0.000004906 | +0.017% | $5K | $16 | 20x | as long as short |
| Lighter 1000PEPE | +0.0232% | 1h | 0.000004909 | +0.082% | $574K | $6.7M | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0301% | 8h | 0.000004903 | −0.041% | $30K | $13K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0309% | 8h | 0.000004889 | −0.326% | $4.0M | $23.1M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004904 | −0.020% | $591K | $26.5M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0424% | 1h | 0.000004902 | −0.070% | $187K | $850K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDTshort | +0.0437% | 1h | 0.000004900 | −0.102% | $101K | $754K | 25x | |
| 01 Exchange kPEPEUSD | +0.0440% | 1h | 0.000004900 | −0.102% | $1K | $2K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0457% / S −0.0681% | 1h | 0.000004000 | −18.451% | $46K | — | 100x | as long as short |
| BingX 1000PEPE-USDC | +0.0504% | 8h | 0.000004903 | −0.033% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0509% | 8h | 0.000004908 | +0.059% | $137.5M | $1.09B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0512% | 1h | 0.000004904 | −0.022% | $538K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0512% | 1h | 0.000004908 | +0.061% | $139K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0514% | 8h | 0.000004903 | −0.037% | $96.8M | $282.2M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0531% | 8h | 0.000004905 | −0.007% | $1.4M | $7.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0566% | 1h | 0.000004905 | +0.004% | $93K | $600K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004908 | +0.061% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0974% | 1h | 0.000004907 | +0.041% | $70K | $107K | 25x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL