PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0105%/8h= −11.5% APRnext payment −$1.05 per $10,000 · paid last 24h +0.009%

Price spread now: Bitget against OKX−0.029%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 7 days+0.055%+$6 · spread now −0.029%, 7d avg +0.032%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.061% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PEPE-USDT-SWAP	0.000004773	0.0205	pay 0.0205% / 8h	29m 06s	$41.5M	$495.7M	50x
Short	Bitget PEPEUSDT	0.000004772	0.0100	get 0.0100% / 8h	29m 06s	$42.1M	$150.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$22.12
Price spread: −0.029% → +0.032%: −$6.12
Slippage, 4 orders: −$10.68
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$60.92
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 5 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, 5 min ago	1.05 bp	6.0 bp −$6	8.8 bp −$88	33.9 bp −$3,390	doesn't fit
Sell Bitget live order book, 5 min ago	1.78 bp	9.3 bp −$9	11.1 bp −$111	21.1 bp −$2,109	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	−0.0155%	1h	0.000004764	−0.189%	$66.5M	$93.1M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004766	−0.143%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004766	−0.145%	$13K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004774	+0.010%	$3.8M	$13.7M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004768	−0.105%	$59K	$116K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004769	−0.080%	$85.8M	$290.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004769	−0.084%	$149.6M	$64.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004769	−0.084%	$24.3M	$54.4M	75x	as long as short
Bitget PEPEUSDTshort	+0.0100%	8h	0.000004772	−0.029%	$42.1M	$150.2M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000004765	−0.169%	$583K	$4.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004771	−0.042%	$26K	$351K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004769	−0.084%	$99K	$761K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004777	+0.088%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004774	+0.021%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004766	−0.157%	$540K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0104%	1h	0.000004773	0.000%	$601K	$6.4M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0182%	8h	0.000004766	−0.141%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004770	−0.072%	$7K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0190%	8h	0.000004771	−0.050%	$2.3M	$6.4M	50x	as long as short
OKX PEPE-USDT-SWAPlong	+0.0205%	8h	0.000004773	long leg	$41.5M	$495.7M	50x
01 Exchange kPEPEUSD	+0.0256%	1h	0.000004771	−0.042%	$547	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0325%	8h	0.000004772	−0.021%	$3.9M	$22.3M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0378% / S −0.0339%	1h	0.000004000	−16.195%	$47K	—	100x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0389%	8h	0.000004775	+0.046%	$30K	$12K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004772	−0.021%	$569K	$25.6M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004776	+0.063%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0575%	1h	0.000004773	+0.002%	$90K	$602K	15x	as long as short
BingX 1000PEPE-USDT	+0.0602%	8h	0.000004771	−0.031%	—	$256.8M	—	as long as short
Binance 1000PEPEUSDT	+0.0616%	8h	0.000004773	−0.004%	$130.9M	$1.06B	75x	as long as short
Extended 1000PEPE-USD	+0.0616%	1h	0.000004773	+0.007%	$524K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0616%	1h	0.000004775	+0.042%	$135K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0617%	8h	0.000004769	−0.093%	$1.5M	$7.3M	50x	as long as short
MEXC PEPE_USDT	+0.0620%	8h	0.000004773	−0.008%	$91.5M	$281.1M	300x	as long as short
Nado kPEPE-PERP	+0.0682%	1h	0.000004772	−0.010%	$182K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0798%	1h	0.000004775	+0.042%	$77K	$98K	25x	as long as short