Funding you earn now, next payment 01:00 UTC+0.0339%/8h= +37.1% APRpaid last 24h +0.027%
Price spread now: ApeX Omni against Phemex−0.481%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$570.569% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 3 days (all we have)+0.386%+$39 · spread now −0.481%, 7d avg −0.067%
=Funding pays, the price is against you. ApeX Omni is 0.415% cheaper against Phemex than usual: you would sell low and buy high (spread −0.481% now, against its 7-day average of −0.067%). If the spread goes back, that is −$41 on $10k: about 4.1 days of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.092% in total) that is about 32 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.092% in total (about 4.8% 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 | Phemex u1000PEPEUSDT | 0.000004923 | 0.0100 | pay 0.0100% / 8h | 7h 37m | $2.4M | $6.6M | 50x |
| Short | ApeX Omni 1000PEPEUSDT | 0.000004899 | 0.0439 | get 0.0055% / 1h | 37m 08s | $101K | $753K | 25x |
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phemex. 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
- $71.23
- Price spread: −0.481% → −0.067%
- −$41.47
- Slippage, 4 orders
- −$34.91
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$27.15
- Costs to cover
- 0.569%
- Break-even
- 9.7 days
Slippage from Phemex: live order book, 2 min ago; ApeX Omni: live order book, 37 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 Phemex live order book, 2 min ago | 5.61 bp | 19.2 bp −$19 | 33.8 bp −$338 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 37 min ago | 4.34 bp | 14.1 bp −$14 | 80.1 bp −$801 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0119% | 1h | 0.000004934 | +0.221% | $4.0M | $13.9M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004913 | −0.192% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004928 | +0.108% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004915 | −0.156% | $58K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004931 | +0.173% | $90.3M | $300.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004929 | +0.128% | $156.3M | $65.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004929 | +0.126% | $25.1M | $55.8M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004934 | +0.225% | $43.2M | $151.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004891 | −0.649% | $572K | $4.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004900 | −0.465% | $26K | $352K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
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 | 0.000004942 | +0.386% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004933 | +0.209% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004930 | +0.146% | $560K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDTlong | +0.0100% | 8h | 0.000004923 | long leg | $2.4M | $6.6M | 50x | |
| Hyperliquid kPEPE | +0.0116% | 1h | 0.000004942 | +0.392% | $59.3M | $113.2M | 10x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0188% | 8h | 0.000004938 | +0.311% | $43.4M | $522.6M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004936 | +0.261% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0193% | 8h | 0.000004918 | −0.102% | $6K | $16 | 20x | as long as short |
| Lighter 1000PEPE | +0.0232% | 1h | 0.000004935 | +0.250% | $577K | $6.7M | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0300% | 8h | 0.000004927 | +0.085% | $30K | $13K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0307% | 8h | 0.000004937 | +0.290% | $4.0M | $23.4M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004939 | +0.331% | $591K | $26.7M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0411% | 1h | 0.000004938 | +0.304% | $193K | $852K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDTshort | +0.0439% | 1h | 0.000004899 | −0.481% | $101K | $753K | 25x | |
| 01 Exchange kPEPEUSD | +0.0440% | 1h | 0.000004940 | +0.351% | $1K | $2K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0460% / S −0.0686% | 1h | 0.000004000 | −18.744% | $46K | — | 100x | as long as short |
| BingX 1000PEPE-USDT | +0.0496% | 8h | 0.000004935 | +0.260% | — | $256.9M | — | as long as short |
| MEXC PEPE_USDT | +0.0508% | 8h | 0.000004935 | +0.254% | $97.5M | $282.4M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0509% | 8h | 0.000004932 | +0.187% | $138.2M | $1.09B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0512% | 1h | 0.000004929 | +0.137% | $541K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0512% | 1h | 0.000004930 | +0.148% | $139K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0527% | 8h | 0.000004936 | +0.263% | $1.5M | $7.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0577% | 1h | 0.000004937 | +0.284% | $92K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004915 | −0.156% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0968% | 1h | 0.000004931 | +0.169% | $70K | $107K | 25x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Hyperliquid kPEPE
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL