Funding you earn now, next payment 22:00 UTC+0.0229%/8h= +25.1% APRpaid last 24h +0.039%
Price spread now: Coinbase International against OKX+0.021%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 3 days (all we have)−0.029%−$3 · spread now +0.021%, 7d avg +0.024%
=The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: +$7 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 0.007% in total (about 0.4% 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 | 0.000004790 | 0.0219 | pay 0.0219% / 8h | 1h 09m | $41.4M | $491.2M | 50x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000004791 | 0.0448 | get 0.0056% / 1h | 9m 11s | $581K | $25.4M | 50x |
OKX PEPE-USDT-SWAP
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $48.18
- Price spread: +0.021% → +0.024%
- −$0.35
- Slippage, 4 orders
- −$16.32
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $11.52
- Costs to cover
- 0.363%
- Break-even
- 5.3 days
Slippage from OKX: live order book, 5 min ago; Coinbase International: 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 | 1.04 bp | 8.1 bp −$8 | 11.4 bp −$114 | 38.6 bp −$3,857 | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 3.13 bp | 10.6 bp −$11 | 14.1 bp −$141 | 49.9 bp −$4,993 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004789 | −0.030% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004784 | −0.134% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004789 | −0.021% | $668K | $6.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004785 | −0.104% | $62.9M | $83.3M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004792 | +0.042% | $59K | $114K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004787 | −0.054% | $87.0M | $283.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004787 | −0.063% | $150.5M | $63.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004785 | −0.113% | $24.7M | $54.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004794 | +0.080% | $543K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004796 | +0.119% | $28K | $344K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004796 | +0.127% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004789 | −0.021% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004787 | −0.065% | $540K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0110% | 8h | 0.000004784 | −0.115% | $42.0M | $148.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004789 | −0.024% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0219% | 8h | 0.000004790 | long leg | $41.4M | $491.2M | 50x | |
| Paradex kPEPE-USD-PERP | +0.0268% | 8h | 0.000004793 | +0.073% | $5K | $16 | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0330% / S −0.0357% | 1h | 0.000004000 | −16.493% | $43K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0339% | 8h | 0.000004790 | 0.000% | $3.9M | $22.1M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0342% | 8h | 0.000004789 | −0.021% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0400% | 1h | 0.000004794 | +0.084% | $549 | $2K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0447% | 1h | 0.000004792 | +0.042% | $101K | $763K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0448% | 1h | 0.000004791 | +0.021% | $581K | $25.4M | 50x | |
| Orderly PERP_1000PEPE_USDC | +0.0450% | 8h | 0.000004790 | −0.010% | $29K | $11K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0553% | 1h | 0.000004787 | −0.058% | $91K | $615K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0586% | 1h | 0.000004789 | −0.021% | $81K | $94K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0726% | 8h | 0.000004787 | −0.071% | — | $256.4M | — | as long as short |
| Extended 1000PEPE-USD | +0.0744% | 1h | 0.000004787 | −0.062% | $526K | $148K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0745% | 8h | 0.000004791 | +0.017% | $130.3M | $1.04B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0750% | 8h | 0.000004784 | −0.121% | $91.6M | $285.9M | 300x | as long as short |
| Nado kPEPE-PERP | +0.0750% | 1h | 0.000004791 | +0.031% | $184K | $845K | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0752% | 1h | 0.000004793 | +0.063% | $136K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0764% | 8h | 0.000004789 | −0.015% | $1.5M | $7.2M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004795 | +0.104% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1332% | 1h | 0.000004788 | −0.042% | $3.9M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Nado kPEPE-PERP
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD