PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0088%/8h= +9.7% APRnext payment +$0.88 per $10,000 · paid last 24h +0.013%

Price spread now: OKX against Bybit+0.175%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 7 days−0.160%−$16 · spread now +0.175%, 7d avg +0.024%

Together, before fees−0.086%−$9 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 0.151% dearer against Bybit than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000PEPEUSDT	0.000004983	0.0100	pay 0.0100% / 8h	7h 02m	$95.1M	$312.4M	50x
Short	OKX PEPE-USDT-SWAP	0.000004992	0.0188	get 0.0188% / 8h	7h 02m	$44.2M	$544.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now +0.175%Rate

Funding earned: $18.57
Price spread: +0.175% → +0.024%: $15.09
Slippage, 4 orders: −$11.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: $1.21
Costs to cover: 0.324%
Break-even: 6.5 days

Slippage from Bybit: 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 Bybit live order book, 2 min ago	0.99 bp	8.3 bp −$8	15.8 bp −$158	45.3 bp −$4,526	doesn't fit
Sell OKX live order book, 2 min ago	0.99 bp	7.1 bp −$7	12.6 bp −$126	40.7 bp −$4,071	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	−0.0117%	1h	0.000004984	+0.016%	$3.9M	$14.3M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005002	+0.368%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0009%	1h	0.000004996	+0.253%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005002	+0.375%	$59K	$120K	10x	as long as short
Bybit 1000PEPEUSDTlong	+0.0100%	8h	0.000004983	long leg	$95.1M	$312.4M	50x
Gate PEPE_USDT	+0.0100%	8h	0.000004987	+0.074%	$159.9M	$69.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004989	+0.112%	$25.2M	$58.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004991	+0.151%	$44.3M	$156.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005053	+1.390%	$591K	$4.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005083	+2.005%	$46K	$386K	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	0.000004990	+0.136%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004987	+0.074%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004998	+0.293%	$559K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004991	+0.163%	$2.4M	$6.8M	50x	as long as short
OKX PEPE-USDT-SWAPshort	+0.0188%	8h	0.000004992	+0.175%	$44.2M	$544.5M	50x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004998	+0.293%	$8K	—	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0235%	1h	0.000005063	+1.599%	$111K	$752K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0269%	8h	0.000005001	+0.347%	$32K	$22K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0307%	8h	0.000004990	+0.130%	$6K	$16	20x	as long as short
BloFin PEPE-USDT	+0.0313%	8h	0.000005013	+0.596%	$4.1M	$24.4M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0351%	1h	0.000004990	+0.134%	$61K	$114K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004991	+0.155%	$626K	$27.9M	50x	as long as short
BingX 1000PEPE-USDT	+0.0452%	8h	0.000004992	+0.169%	—	$257.7M	—	as long as short
Extended 1000PEPE-USD	+0.0472%	1h	0.000004991	+0.159%	$549K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0472%	1h	0.000004998	+0.295%	$141K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0473%	8h	0.000004988	+0.089%	$137.9M	$1.13B	75x	as long as short
MEXC PEPE_USDT	+0.0475%	8h	0.000004987	+0.068%	$95.9M	$293.6M	300x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0500% / S −0.0406%	1h	0.000004000	−19.732%	$62K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0530%	8h	0.000004990	+0.138%	$1.7M	$7.8M	50x	as long as short
Nado kPEPE-PERP	+0.0598%	1h	0.000004994	+0.212%	$184K	$867K	10x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000005069	+1.720%	$4K	$102K	12x	as long as short
Lighter 1000PEPE	+0.0656%	1h	0.000004995	+0.235%	$647K	$6.9M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0661%	1h	0.000004985	+0.028%	$96K	$607K	15x	as long as short
01 Exchange kPEPEUSD	+0.0672%	1h	0.000004996	+0.255%	$1K	$2K	10x	as long as short
Hyperliquid kPEPE	+0.2299%	1h	0.000005004	+0.415%	$55.5M	$133.3M	10x	as long as short