PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.028%

Price spread now: BloFin against OKX0.000%63s7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as 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−$300.296% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.234%+$23 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now 0.000%, 7d avg +0.014%

Together, before fees+0.274%+$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PEPE-USDT-SWAP	0.000004804	0.0218	pay 0.0218% / 8h	48m 16s	$41.6M	$497.3M	50x
Short	BloFin PEPE-USDT	0.000004804	0.0337	get 0.0337% / 8h	48m 16s	$3.8M	$22.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $25.13
Price spread: 0.000% → +0.014%: −$1.37
Slippage, 4 orders: −$7.63
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$5.86
Costs to cover: 0.296%
Break-even: 8.6 days

Slippage from OKX: live order book, 6 min ago; BloFin: live order book, 6 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, 6 min ago	1.04 bp	7.4 bp −$7	10.1 bp −$101	32.2 bp −$3,222	doesn't fit
Sell BloFin live order book, 6 min ago	2.09 bp	8.1 bp −$8	12.4 bp −$124	23.5 bp −$2,349	66.7 bp −$33.3K

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	−0.0249%	1h	0.000004797	−0.146%	$67.1M	$87.9M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004803	−0.017%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004801	−0.060%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0066%	1h	0.000004804	−0.008%	$3.9M	$13.5M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004806	+0.042%	$59K	$115K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004802	−0.052%	$86.4M	$287.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004802	−0.042%	$150.6M	$63.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004802	−0.042%	$24.6M	$54.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004804	+0.008%	$42.5M	$149.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004816	+0.248%	$585K	$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	0.000004818	+0.281%	$26K	$348K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004822	+0.375%	$101K	$760K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004814	+0.200%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004806	+0.042%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004803	−0.010%	$544K	$3.5M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004804	−0.003%	$7K	—	15x	as long as short
Lighter 1000PEPE	+0.0192%	1h	0.000004806	+0.042%	$635K	$6.3M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0213%	8h	0.000004806	+0.040%	$5K	$16	20x	as long as short
OKX PEPE-USDT-SWAPlong	+0.0218%	8h	0.000004804	long leg	$41.6M	$497.3M	50x
01 Exchange kPEPEUSD	+0.0224%	1h	0.000004808	+0.083%	$551	$2K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0229%	8h	0.000004800	−0.079%	$2.3M	$6.4M	50x	as long as short
BloFin PEPE-USDTshort	+0.0337%	8h	0.000004804	0.000%	$3.8M	$22.3M	75x
GMX PEPE/USD [ETH-USDC]	L +0.0358% / S −0.0398%	1h	0.000004000	−16.736%	$42K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004806	+0.042%	$565K	$25.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0428%	8h	0.000004805	+0.012%	$30K	$12K	20x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004819	+0.312%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0567%	1h	0.000004805	+0.029%	$91K	$601K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0583%	1h	0.000004806	+0.042%	$81K	$94K	25x	as long as short
BingX 1000PEPE-USDT	+0.0671%	8h	0.000004803	−0.019%	—	$256.3M	—	as long as short
Extended 1000PEPE-USD	+0.0688%	1h	0.000004805	+0.027%	$529K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0691%	8h	0.000004808	+0.083%	$94.6M	$279.4M	300x	as long as short
Binance 1000PEPEUSDT	+0.0691%	8h	0.000004803	−0.019%	$131.8M	$1.05B	75x	as long as short
Aster 1000PEPEUSDT	+0.0692%	8h	0.000004806	+0.049%	$1.5M	$7.3M	50x	as long as short
Aevo 1000PEPE-PERP	+0.0696%	1h	0.000004805	+0.021%	$136K	—	3x	as long as short
Nado kPEPE-PERP	+0.0824%	1h	0.000004806	+0.045%	$184K	$845K	10x	as long as short