PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0091%/8h= −10.0% APRnext payment −$0.11 per $10,000 · paid last 24h −0.018%

Price spread now: ApeX Omni against Coinbase International−0.493%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 3 days (all we have)+0.528%+$53 · spread now −0.493%, 7d avg −0.030%

Together, before fees+0.566%+$57 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.463% cheaper against Coinbase International than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International 1000PEPE-PERP-INTX	0.000005066	0.0424	pay 0.0053% / 1h	15m 20s	$761K	$29.9M	50x
Short	ApeX Omni 1000PEPEUSDT	0.000005041	0.0333	get 0.0042% / 1h	15m 20s	$106K	$747K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now −0.493%Rate

Funding earned: −$19.2
Price spread: −0.493% → −0.030%: −$46.31
Slippage, 4 orders: −$30.17
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$115.68
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; ApeX Omni: live order book, 54 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 Coinbase International live order book, 4 min ago	4.95 bp	11.9 bp −$12	18.1 bp −$181	148.5 bp −$14.8K	doesn't fit
Sell ApeX Omni live order book, 54 min ago	5.63 bp	13.1 bp −$13	79.9 bp −$799	doesn't fit	doesn't fit

PEPE on 34 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	0.000005036	−0.592%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005056	−0.201%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005047	−0.375%	$61K	$126K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005060	−0.114%	$98.0M	$324.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005052	−0.276%	$162.4M	$71.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005053	−0.253%	$25.4M	$60.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005063	−0.067%	$45.5M	$162.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005045	−0.423%	$622K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005039	−0.537%	$27K	$422K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005070	+0.077%	$1K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005038	−0.551%	$566K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005056	−0.205%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0244%	8h	0.000005065	−0.020%	$45.1M	$571.5M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0283%	8h	0.000005066	+0.004%	$33K	$23K	20x	as long as short
ApeX Omni 1000PEPEUSDTshort	+0.0333%	1h	0.000005041	−0.493%	$106K	$747K	25x
Coinbase International 1000PEPE-PERP-INTXlong	+0.0424%	1h	0.000005066	long leg	$761K	$29.9M	50x
BingX 1000PEPE-USDC	+0.0498%	8h	0.000005058	−0.164%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0519% / S −0.0548%	1h	0.000005000	−1.303%	$56K	—	100x	as long as short
Phemex u1000PEPEUSDT	+0.0527%	8h	0.000005047	−0.365%	$2.4M	$7.0M	50x	as long as short
Extended 1000PEPE-USD	+0.0528%	1h	0.000005064	−0.037%	$554K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0528%	1h	0.000005072	+0.118%	$143K	—	3x	as long as short
MEXC PEPE_USDT	+0.0531%	8h	0.000005059	−0.128%	$94.8M	$291.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0531%	8h	0.000005062	−0.074%	$142.3M	$1.17B	75x	as long as short
SoDEX 1000PEPE-USD	+0.0582%	1h	0.000005066	0.000%	$2K	$12K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0607%	8h	0.000005040	−0.506%	$6K	$16	20x	as long as short
Aster 1000PEPEUSDT	+0.0626%	8h	0.000005051	−0.297%	$1.7M	$8.2M	50x	as long as short
Nado kPEPE-PERP	+0.0651%	1h	0.000005054	−0.237%	$180K	$880K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0739%	1h	0.000005063	−0.059%	$61K	$114K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0822%	1h	0.000005065	−0.025%	$4.0M	$14.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005098	+0.632%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0917%	1h	0.000005047	−0.373%	$98K	$618K	15x	as long as short
01 Exchange kPEPEUSD	+0.0944%	1h	0.000005051	−0.296%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1680%	1h	0.000005057	−0.178%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2118%	1h	0.000005063	−0.059%	$55.8M	$136.0M	10x	as long as short