Funding you earn now, next payment 07:00 UTC−0.0536%/8h= −58.7% APRpaid last 24h +0.036%
Price spread now: ApeX Omni against Binance−0.189%109s7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as 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−$360.360% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.189%, 7d avg −0.031%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and ApeX Omni is 0.159% cheaper against Binance than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.031%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.056%, so the current rate has only just turned against you. The two prices were read 109 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 0.056% in total (about 2.9% 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 | Binance 1000PEPEUSDT | 0.000005089 | 0.0767 | pay 0.0767% / 8h | 1h 27m | $140.1M | $1.46B | 75x |
| Short | ApeX Omni 1000PEPEUSDT | 0.000005079 | 0.0230 | get 0.0029% / 1h | 27m 47s | $154K | $822K | 25x |
Binance 1000PEPEUSDT
ApeX Omni 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Binance. 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
- −$112.6
- Price spread: −0.189% → −0.031%
- −$15.85
- Slippage, 4 orders
- −$15.95
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$164.41
- Costs to cover
- 0.360%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; ApeX Omni: 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 Binance live order book, 16 min ago | 0.39 bp | 7.3 bp −$7 | 11.4 bp −$114 | 25.0 bp −$2,505 | doesn't fit |
| Sell ApeX Omni live order book, 16 min ago | 2.51 bp | 9.7 bp −$10 | 101.0 bp −$1,010 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005102 | +0.263% | $9K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005083 | −0.109% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005077 | −0.221% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005092 | +0.066% | $59K | $181K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005088 | −0.012% | $99.2M | $419.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005079 | −0.189% | $161.6M | $97.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005089 | +0.003% | $25.8M | $72.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005079 | −0.197% | $595K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005076 | −0.255% | $28K | $543K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005089 | +0.011% | $2K | $2.7M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | 0.000005081 | −0.150% | $588K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0167% | 1h | 0.000005080 | −0.170% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005091 | +0.041% | $8K | — | 15x | as long as short |
| ApeX Omni 1000PEPEUSDTshort | +0.0230% | 1h | 0.000005079 | −0.189% | $154K | $822K | 25x | |
| Bitget PEPEUSDT | +0.0288% | 8h | 0.000005086 | −0.054% | $45.4M | $215.7M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0341% | 1h | 0.000005080 | −0.170% | $72K | $127K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0390% | 8h | 0.000005080 | −0.164% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0409% | 8h | 0.000005088 | −0.012% | $47.2M | $722.0M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0419% | 1h | 0.000005084 | −0.089% | $73K | $859K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0459% | 1h | 0.000005079 | −0.181% | $4.6M | $16.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0502% | 8h | 0.000005090 | +0.020% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0533% | 8h | 0.000005094 | +0.106% | $4.6M | $29.3M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0588% | 8h | 0.000005084 | −0.099% | $2.4M | $8.0M | 50x | as long as short |
| Lighter 1000PEPE | +0.0616% | 1h | 0.000005093 | +0.086% | $606K | $9.1M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005088 | −0.012% | $684K | $38.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0656% | 1h | 0.000005089 | +0.007% | $813 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0727% | 8h | 0.000005086 | −0.056% | — | $217.7M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0760% | 1h | 0.000005085 | −0.071% | $144K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0766% | 8h | 0.000005089 | +0.012% | $1.7M | $11.8M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0766% | 8h | 0.000005088 | −0.008% | $98.3M | $304.8M | 300x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0767% | 8h | 0.000005089 | long leg | $140.1M | $1.46B | 75x | |
| Nado kPEPE-PERP | +0.0767% | 1h | 0.000005082 | −0.125% | $163K | $959K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0768% | 1h | 0.000005083 | −0.102% | $538K | $280K | 25x | as long as short |
| Hyperliquid kPEPE | +0.0946% | 1h | 0.000005092 | +0.066% | $52.7M | $156.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1130% / S −0.2257% | 1h | 0.000005000 | −1.742% | $63K | — | 100x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Nado kPEPE-PERP
Extended 1000PEPE-USD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]