Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −11.0% APRnext payment −$1.00 per $10,000 · paid last 24h −0.034%
Price spread now: Bybit against OKX−0.040%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 7 days+0.035%+$4 · spread now −0.040%, 7d avg −0.026%
=The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PEPE-USDT-SWAP | 0.000004989 | 0.0200 | pay 0.0200% / 8h | 6h 21m | $44.7M | $738.4M | 50x |
| Short | Bybit 1000PEPEUSDT | 0.000004987 | 0.0100 | get 0.0100% / 8h | 6h 21m | $95.2M | $446.1M | 50x |
OKX PEPE-USDT-SWAP
Bybit 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$21.03
- Price spread: −0.040% → −0.026%
- −$1.38
- Slippage, 4 orders
- −$9.99
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$53.41
- Costs to cover
- 0.310%
- Break-even
- never at this rate
Slippage from OKX: live order book, 6 min ago; Bybit: 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 | 1.00 bp | 7.3 bp −$7 | 10.7 bp −$107 | 35.2 bp −$3,516 | doesn't fit |
| Sell Bybit live order book, 6 min ago | 1.00 bp | 8.4 bp −$8 | 13.2 bp −$132 | 25.2 bp −$2,520 | 161.9 bp −$80.9K |
PEPE on 35 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004984 | −0.094% | $3K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0026% | 1h | 0.000004987 | −0.031% | $4.6M | $16.8M | 50x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004992 | +0.060% | $591K | $9.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004992 | +0.060% | $51.1M | $161.8M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004991 | +0.040% | $57K | $198K | 10x | as long as short |
| Bybit 1000PEPEUSDTshort | +0.0100% | 8h | 0.000004987 | −0.040% | $95.2M | $446.1M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004986 | −0.060% | $156.0M | $101.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004991 | +0.042% | $25.2M | $76.2M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004989 | −0.002% | $45.2M | $228.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004962 | −0.532% | $631K | $5.3M | — | as long as short |
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004976 | −0.259% | $27K | $569K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004986 | −0.060% | $145K | $847K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004994 | +0.102% | $2K | $2.6M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004989 | 0.000% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004985 | −0.088% | $582K | $4.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004991 | +0.044% | $2.3M | $8.0M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0112% | 1h | 0.000004981 | −0.160% | $601 | $2K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0120% | 8h | 0.000004986 | −0.061% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0156% | 1h | 0.000004989 | +0.003% | $141K | $953K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004990 | +0.027% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0200% | 8h | 0.000004989 | long leg | $44.7M | $738.4M | 50x | |
| Backpack kPEPE_USDC_PERP | +0.0315% | 1h | 0.000004990 | +0.020% | $77K | $997K | 15x | as long as short |
| BloFin PEPE-USDT | +0.0322% | 8h | 0.000004985 | −0.080% | $4.3M | $29.2M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0352% | 1h | 0.000004988 | −0.020% | $57K | $125K | 25x | as long as short |
| Injective PEPE/USDC PERP | +0.0363% | 1h | 0.000004963 | −0.521% | $5K | $121K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0392% | 8h | 0.000004989 | +0.006% | $32K | $30K | 20x | as long as short |
| Binance 1000PEPEUSDT | +0.0398% | 8h | 0.000004985 | −0.078% | $129.4M | $1.54B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0400% | 1h | 0.000004987 | −0.040% | $522K | $285K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0400% | 1h | 0.000004983 | −0.120% | $141K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0401% | 8h | 0.000004990 | +0.018% | $102.0M | $307.2M | 300x | as long as short |
| BingX 1000PEPE-USDT | +0.0403% | 8h | 0.000004985 | −0.072% | — | $181.0M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0404% | 8h | 0.000004984 | −0.096% | $1.8M | $12.4M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004992 | +0.060% | $699K | $39.2M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0885% / S −0.1012% | 1h | 0.000004000 | −19.824% | $51K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.8579% | 1h | 0.000004989 | 0.000% | $25K | $12K | 10x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
Reya kPEPERUSDPERP
Backpack kPEPE_USDC_PERP
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
BingX 1000PEPE-USDT
Aster 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD