Funding you earn now, next payment 07:00 UTC+0.0246%/8h= +27.0% APRnext payment +$0.31 per $10,000 · paid last 24h +0.015%
Price spread now: Coinbase International against ApeX Omni−0.058%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$520.517% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.058%, 7d avg +0.005%
=Funding pays, the price is against you. Coinbase International is 0.063% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.005%). If the spread goes back, that is −$6 on $10k: about 21 hours of funding at the current rate (+$7 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 per $10,000. 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 | ApeX Omni 1000PEPEUSDT | 0.000005165 | 0.0298 | pay 0.0037% / 1h | 35m 30s | $150K | $833K | 25x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000005162 | 0.0544 | get 0.0068% / 1h | 35m 30s | $646K | $39.7M | 50x |
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against ApeX Omni. 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
- $51.74
- Price spread: −0.058% → +0.005%
- −$6.32
- Slippage, 4 orders
- −$31.67
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$6.24
- Costs to cover
- 0.517%
- Break-even
- 7.8 days
Slippage from ApeX Omni: live order book, 3 min ago; Coinbase International: live order book, 4 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 ApeX Omni live order book, 3 min ago | 5.32 bp | 13.1 bp −$13 | 75.8 bp −$758 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 4.83 bp | 13.5 bp −$14 | 17.7 bp −$177 | 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 | 0.000005148 | −0.338% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005164 | −0.027% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005160 | −0.097% | $60K | $183K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005147 | −0.341% | $99.0M | $427.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005153 | −0.232% | $163.5M | $98.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005160 | −0.087% | $615K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005166 | +0.014% | $28K | $546K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005172 | +0.128% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005169 | +0.085% | $601K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0128% | 8h | 0.000005167 | +0.041% | $26.8M | $73.8M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005151 | −0.263% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0257% | 1h | 0.000005166 | +0.019% | $2K | $11K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0267% | 8h | 0.000005153 | −0.238% | $46.2M | $219.5M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDTlong | +0.0298% | 1h | 0.000005165 | long leg | $150K | $833K | 25x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0331% | 1h | 0.000005163 | −0.039% | $74K | $127K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0374% | 8h | 0.000005151 | −0.271% | $47.6M | $744.7M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005156 | −0.174% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0412% | 8h | 0.000005170 | +0.106% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0478% | 8h | 0.000005160 | −0.089% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0499% | 8h | 0.000005170 | +0.097% | $4.4M | $30.3M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0502% | 1h | 0.000005163 | −0.031% | $77K | $877K | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0526% | 8h | 0.000005168 | +0.062% | $2.4M | $8.1M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0544% | 1h | 0.000005162 | −0.058% | $646K | $39.7M | 50x | |
| Lighter 1000PEPE | +0.0592% | 1h | 0.000005166 | +0.019% | $620K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0709% | 1h | 0.000005150 | −0.285% | $165K | $956K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0711% | 1h | 0.000005163 | −0.045% | $4.7M | $16.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0712% | 1h | 0.000005157 | −0.155% | $622 | $2K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0712% | 8h | 0.000005154 | −0.205% | — | $218.6M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0727% | 8h | 0.000005155 | −0.190% | $1.8M | $11.9M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0741% | 8h | 0.000005155 | −0.196% | $100.9M | $306.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0741% | 8h | 0.000005151 | −0.270% | $141.7M | $1.49B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0744% | 1h | 0.000005153 | −0.236% | $542K | $284K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0744% | 1h | 0.000005155 | −0.194% | $146K | — | 3x | as long as short |
| Hyperliquid kPEPE | +0.0943% | 1h | 0.000005156 | −0.174% | $53.7M | $157.8M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1068% / S −0.1502% | 1h | 0.000005000 | −3.195% | $47K | — | 100x | as long as short |
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
01 Exchange kPEPEUSD
BingX 1000PEPE-USDT
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]