Funding you earn now, next payment 21:00 UTC+0.0354%/8h= +38.8% APRnext payment +$0.44 per $10,000 · paid last 24h +0.006%
Price spread now: Extended against ApeX Omni−0.478%52s7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$430.427% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 3 days (all we have)+0.141%+$14 · spread now −0.478%, 7d avg −0.013%
=Together, before fees+0.145%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.465% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.478% now, against its 7-day average of −0.013%). If the spread goes back, that is −$46 on $10k: about 4.4 days of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.005% in total) that is about 23 months. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 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 | 0.000005000 | 0.0470 | pay 0.0059% / 1h | 32m 37s | $103K | $756K | 25x |
| Short | Extended 1000PEPE-USD | 0.000004976 | 0.0824 | get 0.0103% / 1h | 32m 37s | $549K | $145K | 25x |
ApeX Omni 1000PEPEUSDT
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $74.36
- Price spread: −0.478% → −0.013%
- −$46.46
- Slippage, 4 orders
- −$27.68
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$14.79
- Costs to cover
- 0.427%
- Break-even
- 8.4 days
Slippage from ApeX Omni: live order book, 16 min ago; Extended: live order book, 16 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, 16 min ago | 5.84 bp | 13.4 bp −$13 | 86.9 bp −$869 | doesn't fit | doesn't fit |
| Sell Extended live order book, 16 min ago | 3.03 bp | 7.7 bp −$8 | 44.8 bp −$448 | 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 | 0.000004978 | −0.443% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004974 | −0.526% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004985 | −0.300% | $59K | $106K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004968 | −0.634% | $90.2M | $261.8M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0100% | 8h | 0.000004978 | −0.440% | $43.9M | $491.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004978 | −0.440% | $151.9M | $59.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004984 | −0.316% | $25.2M | $47.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004982 | −0.369% | $725K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004988 | −0.233% | $28K | $332K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004984 | −0.314% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004987 | −0.268% | $574K | $3.7M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0167% | 8h | 0.000004980 | −0.404% | $47.2M | $138.4M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0188% | 1h | 0.000004979 | −0.422% | $8K | — | 15x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0197% / S −0.0087% | 1h | 0.000004000 | −20.000% | $55K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0220% | 8h | 0.000004988 | −0.240% | $4.1M | $21.6M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0294% | 1h | 0.000004976 | −0.480% | $2K | $9K | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0316% | 8h | 0.000004980 | −0.406% | $31K | $10K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004988 | −0.240% | $635K | $25.4M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDTlong | +0.0470% | 1h | 0.000005000 | long leg | $103K | $756K | 25x | |
| Phemex u1000PEPEUSDT | +0.0473% | 8h | 0.000004983 | −0.340% | $2.4M | $6.2M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0480% | 8h | 0.000004978 | −0.433% | $6K | $26 | 20x | as long as short |
| Hyperliquid kPEPE | +0.0528% | 1h | 0.000004990 | −0.200% | $57.1M | $62.9M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0568% | 1h | 0.000004987 | −0.268% | $99K | $576K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0711% | 1h | 0.000004977 | −0.468% | $195K | $848K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0755% | 1h | 0.000004979 | −0.420% | $80K | $91K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.0760% | 1h | 0.000004979 | −0.420% | $570 | $2K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0778% | 8h | 0.000004976 | −0.484% | — | $252.5M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0816% | 1h | 0.000004982 | −0.360% | $141K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0819% | 8h | 0.000004975 | −0.503% | $133.8M | $969.6M | 75x | as long as short |
| MEXC PEPE_USDT | +0.0820% | 8h | 0.000004983 | −0.348% | $118.0M | $269.3M | 300x | as long as short |
| Extended 1000PEPE-USDshort | +0.0824% | 1h | 0.000004976 | −0.478% | $549K | $145K | 25x | |
| Aster 1000PEPEUSDT | +0.0909% | 8h | 0.000004985 | −0.306% | $1.5M | $6.6M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0910% | 1h | 0.000004977 | −0.459% | $4.0M | $12.2M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.1046% | 1h | 0.000004995 | −0.100% | $5K | $81K | 12x | as long as short |
| Lighter 1000PEPE | +0.1104% | 1h | 0.000004990 | −0.200% | $604K | $4.9M | 10x | as long as short |
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Hyperliquid kPEPE
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
01 Exchange kPEPEUSD
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Injective PEPE/USDC PERP
Lighter 1000PEPE