Funding you earn now, next payment 06:00 UTC+0.0345%/8h= +37.7% APRpaid last 24h +0.068%
Price spread now: Deribit against OKX+0.040%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$370.372% of the position
Funding, last 7 days+0.045%+$4 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now +0.040%, 7d avg +0.008%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Deribit is 0.032% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.008%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.3% 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 | 0.000004983 | 0.0409 | pay 0.0409% / 8h | 2h 56m | $45.6M | $669.8M | 50x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004985 | 0.0754 | get 0.0094% / 1h | 56m 19s | $71K | $127K | 25x |
OKX PEPE-USDT-SWAP
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $72.36
- Price spread: +0.040% → +0.008%
- $3.17
- Slippage, 4 orders
- −$20.19
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $38.33
- Costs to cover
- 0.372%
- Break-even
- 3.3 days
Slippage from OKX: live order book, 3 min ago; Deribit: live order book, 23 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, 3 min ago | 1.01 bp | 8.0 bp −$8 | 13.7 bp −$137 | 40.2 bp −$4,022 | doesn't fit |
| Sell Deribit live order book, 23 min ago | 6.69 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | 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 | 0.000004979 | −0.090% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004975 | −0.157% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004980 | −0.060% | $62K | $165K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004982 | −0.020% | $98.1M | $397.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004977 | −0.120% | $160.1M | $92.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004981 | −0.050% | $24.7M | $69.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005026 | +0.855% | $596K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005047 | +1.292% | $28K | $537K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004987 | +0.072% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004975 | −0.155% | $558K | $4.0M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004978 | −0.091% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0352% | 8h | 0.000004985 | +0.036% | $44.5M | $205.2M | 75x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0409% | 8h | 0.000004983 | long leg | $45.6M | $669.8M | 50x | |
| Orderly PERP_1000PEPE_USDC | +0.0416% | 8h | 0.000004984 | +0.014% | $33K | $27K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0508% | 1h | 0.000004980 | −0.054% | $105K | $808K | 15x | as long as short |
| Lighter 1000PEPE | +0.0544% | 1h | 0.000004981 | −0.040% | $601K | $9.0M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0547% | 8h | 0.000004985 | +0.043% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0553% | 8h | 0.000004972 | −0.221% | $4.7M | $27.5M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0590% | 1h | 0.000004981 | −0.040% | $2K | $10K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000004987 | +0.080% | $602 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000004990 | +0.140% | $641K | $36.2M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0703% | 8h | 0.000004980 | −0.066% | $2.3M | $7.8M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0754% | 1h | 0.000004985 | +0.040% | $71K | $127K | 25x | |
| ApeX Omni 1000PEPEUSDT | +0.0767% | 1h | 0.000005019 | +0.722% | $154K | $810K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0788% | 8h | 0.000004980 | −0.060% | — | $238.0M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0805% | 8h | 0.000004985 | +0.040% | $141.7M | $1.38B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0807% | 8h | 0.000004978 | −0.100% | $98.3M | $297.8M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000004981 | −0.038% | $528K | $262K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0816% | 1h | 0.000004989 | +0.120% | $141K | — | 3x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0857% | 1h | 0.000004983 | +0.009% | $4.6M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0880% | 8h | 0.000004980 | −0.058% | $1.7M | $10.9M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0975% | 1h | 0.000004984 | +0.020% | $52.8M | $149.9M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1037% / S −0.1548% | 1h | 0.000004000 | −19.727% | $68K | — | 100x | as long as short |
| Nado kPEPE-PERP | +0.1134% | 1h | 0.000004981 | −0.048% | $168K | $937K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005327 | +6.903% | $3K | $111K | 12x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Nado kPEPE-PERP
Injective PEPE/USDC PERP