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 −0.009%

Price spread now: Gate against OKX−0.021%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.021%, 7d avg +0.002%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.023% cheaper against OKX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PEPE-USDT-SWAP	0.000004801	0.0220	pay 0.0220% / 8h	57m 17s	$41.4M	$495.4M	50x
Short	Gate PEPE_USDT	0.000004800	0.0100	get 0.0100% / 8h	57m 17s	$150.7M	$63.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.021%Rate

Funding earned: −$25.21
Price spread: −0.021% → +0.002%: −$2.3
Slippage, 4 orders: −$12.81
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$65.33
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago	1.04 bp	6.0 bp −$6	9.6 bp −$96	35.1 bp −$3,512	doesn't fit
Sell Gate live order book, 2 min ago	2.08 bp	13.0 bp −$13	19.0 bp −$190	67.1 bp −$6,710	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	−0.0046%	1h	0.000004795	−0.125%	$65.0M	$86.1M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004796	−0.109%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004797	−0.079%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0066%	1h	0.000004798	−0.059%	$3.9M	$13.4M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004802	+0.021%	$59K	$114K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004800	−0.021%	$86.7M	$286.3M	50x	as long as short
Gate PEPE_USDTshort	+0.0100%	8h	0.000004800	−0.021%	$150.7M	$63.7M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004800	−0.019%	$24.6M	$54.1M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004800	−0.015%	$42.3M	$149.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004783	−0.378%	$548K	$4.0M	—	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	0.000004795	−0.128%	$28K	$344K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004808	+0.137%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004801	0.000%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004799	−0.033%	$543K	$3.5M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004804	+0.058%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAPlong	+0.0220%	8h	0.000004801	long leg	$41.4M	$495.4M	50x
Paradex kPEPE-USD-PERP	+0.0233%	8h	0.000004797	−0.082%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0285%	8h	0.000004801	0.000%	$2.3M	$6.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0296%	1h	0.000004804	+0.062%	$550	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0342%	8h	0.000004802	+0.021%	$3.9M	$22.3M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0345% / S −0.0379%	1h	0.000004000	−16.684%	$42K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004803	+0.042%	$565K	$25.7M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0403%	1h	0.000004789	−0.250%	$101K	$760K	25x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004808	+0.146%	$4K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0443%	8h	0.000004801	−0.004%	$29K	$11K	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0584%	1h	0.000004801	0.000%	$81K	$94K	25x	as long as short
Lighter 1000PEPE	+0.0584%	1h	0.000004802	+0.021%	$677K	$6.1M	10x	as long as short
BingX 1000PEPE-USDC	+0.0708%	8h	0.000004800	−0.015%	—	$2.3M	—	as long as short
Backpack kPEPE_USDC_PERP	+0.0711%	1h	0.000004808	+0.154%	$92K	$616K	15x	as long as short
Binance 1000PEPEUSDT	+0.0717%	8h	0.000004802	+0.031%	$131.5M	$1.05B	75x	as long as short
MEXC PEPE_USDT	+0.0718%	8h	0.000004803	+0.050%	$92.6M	$277.8M	300x	as long as short
Extended 1000PEPE-USD	+0.0720%	1h	0.000004800	−0.021%	$529K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0720%	1h	0.000004803	+0.042%	$136K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0727%	8h	0.000004802	+0.027%	$1.5M	$7.2M	50x	as long as short
Nado kPEPE-PERP	+0.0913%	1h	0.000004803	+0.046%	$184K	$845K	10x	as long as short