PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.88 per $10,000 · paid last 24h +0.006%

Price spread now: OKX against Phemex+0.311%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 3 days (all we have)−0.370%−$37 · spread now +0.311%, 7d avg −0.058%

Together, before fees−0.326%−$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.368% dearer against Phemex than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of −0.058%.

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	OKX PEPE-USDT-SWAP	0.000004938	0.0188	get 0.0188% / 8h	7h 37m	$43.4M	$522.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Phemex. 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 PhemexbpFee OKXbpOrdersPrice spread, now +0.311%Rate

Funding earned: $18.39
Price spread: +0.311% → −0.058%: $36.83
Slippage, 4 orders: −$24.33
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $8.9
Costs to cover: 0.463%
Break-even: 3.6 days

Slippage from Phemex: live order book, 2 min ago; OKX: 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 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 OKX live order book, 2 min ago	1.02 bp	7.3 bp −$7	10.8 bp −$108	33.9 bp −$3,387	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

Show 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-SWAPshort	+0.0188%	8h	0.000004938	+0.311%	$43.4M	$522.6M	50x
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 1000PEPEUSDT	+0.0439%	1h	0.000004899	−0.481%	$101K	$753K	25x	as long as short
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