PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0290%/8h= +31.8% APRnext payment +$2.90 per $10,000 · paid last 24h +0.026%

Price spread now: Binance against OKX+0.030%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days+0.023%+$2 · spread now +0.030%, 7d avg +0.047%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.039% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.90 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	OKX PEPE-USDT-SWAP	0.000005119	0.0230	pay 0.0230% / 8h	6h 26m	$45.4M	$573.4M	50x
Short	Binance 1000PEPEUSDT	0.000005121	0.0520	get 0.0520% / 8h	6h 26m	$144.6M	$1.16B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.030%Rate

Funding earned: $60.97
Price spread: +0.030% → +0.047%: −$1.61
Slippage, 4 orders: −$10.56
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $28.8
Costs to cover: 0.306%
Break-even: 3.7 days

Slippage from OKX: live order book, 2 min ago; Binance: live order book, 2 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, 2 min ago	0.99 bp	7.5 bp −$7	11.5 bp −$115	40.3 bp −$4,027	doesn't fit
Sell Binance live order book, 2 min ago	0.10 bp	7.6 bp −$8	12.7 bp −$127	42.3 bp −$4,229	doesn't fit

PEPE on 34 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	0.000005078	−0.798%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005101	−0.346%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005075	−0.860%	$62K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005114	−0.090%	$99.2M	$322.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005113	−0.117%	$162.9M	$70.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005117	−0.047%	$25.2M	$60.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005119	+0.006%	$47.0M	$160.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005030	−1.744%	$565K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005065	−1.049%	$27K	$406K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005114	−0.105%	$2K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005103	−0.311%	$575K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005107	−0.227%	$8K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0215%	8h	0.000005098	−0.414%	$2.4M	$6.9M	50x	as long as short
OKX PEPE-USDT-SWAPlong	+0.0230%	8h	0.000005119	long leg	$45.4M	$573.4M	50x
Orderly PERP_1000PEPE_USDC	+0.0277%	8h	0.000005108	−0.221%	$34K	$23K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0321%	1h	0.000005065	−1.055%	$107K	$746K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005110	−0.176%	$661K	$29.5M	50x	as long as short
BingX 1000PEPE-USDC	+0.0479%	8h	0.000005114	−0.102%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0509% / S −0.0477%	1h	0.000005000	−2.325%	$60K	—	100x	as long as short
Aevo 1000PEPE-PERP	+0.0512%	1h	0.000005108	−0.215%	$144K	—	3x	as long as short
MEXC PEPE_USDT	+0.0517%	8h	0.000005119	0.000%	$95.9M	$290.3M	300x	as long as short
Extended 1000PEPE-USD	+0.0520%	1h	0.000005117	−0.031%	$563K	$199K	25x	as long as short
Binance 1000PEPEUSDTshort	+0.0520%	8h	0.000005121	+0.030%	$144.6M	$1.16B	75x
Paradex kPEPE-USD-PERP	+0.0548%	8h	0.000005070	−0.963%	$6K	$16	20x	as long as short
Nado kPEPE-PERP	+0.0605%	1h	0.000005106	−0.248%	$179K	$879K	10x	as long as short
Aster 1000PEPEUSDT	+0.0614%	8h	0.000005118	−0.022%	$1.7M	$8.1M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0620%	1h	0.000005104	−0.293%	$2K	$12K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0816%	1h	0.000005102	−0.328%	$4.0M	$14.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005070	−0.957%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0933%	1h	0.000005109	−0.195%	$103K	$616K	15x	as long as short
01 Exchange kPEPEUSD	+0.0984%	1h	0.000005095	−0.469%	$1K	$2K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1122%	1h	0.000005108	−0.215%	$62K	$114K	25x	as long as short
Lighter 1000PEPE	+0.1472%	1h	0.000005112	−0.137%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2243%	1h	0.000005116	−0.059%	$56.5M	$135.8M	10x	as long as short