PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h −0.014%

Price spread now: ApeX Omni against Deribit−0.020%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.201%−$20 · spread now −0.020%, 7d avg −0.018%

Together, before fees−0.168%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000PEPE_USDC-PERPETUAL	0.000005100	0.0731	pay 0.0091% / 1h	38m 55s	$72K	$124K	25x
Short	ApeX Omni 1000PEPEUSDT	0.000005099	0.0824	get 0.0103% / 1h	38m 55s	$101K	$743K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now −0.020%Rate

Funding earned: $19.51
Price spread: −0.020% → −0.018%: −$0.16
Slippage, 4 orders: −$22.16
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$19.8
Costs to cover: 0.392%
Break-even: 14.1 days

Slippage from Deribit: live order book, 50 min ago; ApeX Omni: live order book, 20 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 Deribit live order book, 50 min ago	4.99 bp	8.5 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 20 min ago	3.94 bp	11.1 bp −$11	84.9 bp −$849	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	0.000005098	−0.038%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005096	−0.075%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005107	+0.137%	$65K	$141K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005111	+0.216%	$100.0M	$346.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005105	+0.098%	$169.6M	$76.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005107	+0.133%	$26.2M	$64.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005091	−0.185%	$688K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005091	−0.185%	$31K	$451K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005109	+0.176%	$2K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005114	+0.278%	$585K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0174%	8h	0.000005114	+0.284%	$46.6M	$175.3M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005099	−0.027%	$8K	—	15x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005044	−1.098%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0335%	8h	0.000005101	+0.018%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0366%	8h	0.000005118	+0.353%	$46.2M	$606.8M	50x	as long as short
BloFin PEPE-USDT	+0.0488%	8h	0.000005096	−0.078%	$4.3M	$25.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0584%	8h	0.000005103	+0.059%	$2.4M	$7.1M	50x	as long as short
BingX 1000PEPE-USDT	+0.0647%	8h	0.000005114	+0.269%	—	$261.9M	—	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005102	+0.039%	$973K	$32.2M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0675% / S −0.0930%	1h	0.000005000	−1.961%	$46K	—	100x	as long as short
MEXC PEPE_USDT	+0.0694%	8h	0.000005112	+0.237%	$93.9M	$287.8M	300x	as long as short
Extended 1000PEPE-USD	+0.0696%	1h	0.000005106	+0.121%	$541K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0696%	1h	0.000005091	−0.176%	$144K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0699%	8h	0.000005118	+0.356%	$145.1M	$1.23B	75x	as long as short
SoDEX 1000PEPE-USD	+0.0728%	1h	0.000005100	0.000%	$2K	$12K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUALlong	+0.0731%	1h	0.000005100	long leg	$72K	$124K	25x
Nado kPEPE-PERP	+0.0788%	1h	0.000005103	+0.053%	$199K	$880K	10x	as long as short
Aster 1000PEPEUSDT	+0.0794%	8h	0.000005110	+0.194%	$1.8M	$9.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0804%	8h	0.000005103	+0.066%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDTshort	+0.0824%	1h	0.000005099	−0.020%	$101K	$743K	25x
Lighter 1000PEPE	+0.0912%	1h	0.000005104	+0.078%	$579K	$8.2M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0955%	1h	0.000005103	+0.053%	$98K	$655K	15x	as long as short
01 Exchange kPEPEUSD	+0.1048%	1h	0.000005119	+0.373%	$617	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1278%	1h	0.000005098	−0.036%	$4.5M	$15.5M	50x	as long as short
Hyperliquid kPEPE	+0.1469%	1h	0.000005109	+0.176%	$54.8M	$140.3M	10x	as long as short