Funding you earn now, next payment 08:00 UTC+0.0368%/8h= +40.3% APRpaid last 24h +0.100%
Price spread now: Aevo against OKX+0.019%50s7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,354as 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−$1,36613.658% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now +0.019%, 7d avg −0.011%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Aevo is 0.030% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.011%. The two prices were read 50 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 0.113% in total (about 5.9% 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 | OKX PEPE-USDT-SWAP | 0.000005164 | 0.0376 | pay 0.0376% / 8h | 36m 36s | $47.6M | $746.3M | 50x |
| Short | Aevo 1000PEPE-PERP | 0.000005165 | 0.0744 | get 0.0093% / 1h | 36m 36s | $146K | — | 3x |
OKX PEPE-USDT-SWAP
Aevo 1000PEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against OKX. 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
- $77.31
- Price spread: +0.019% → −0.011%
- $3.03
- Slippage, 4 orders
- −$1,339.76
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$1,285.42
- Costs to cover
- 13.658%
- Break-even
- 123.4 days
Slippage from OKX: live order book, 3 min ago; Aevo: 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 OKX live order book, 3 min ago | 0.97 bp | 8.8 bp −$9 | 13.1 bp −$131 | 34.4 bp −$3,436 | doesn't fit |
| Sell Aevo live order book, 2 min ago | 272.05 bp | 669.1 bp −$669 | doesn't fit | 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 | 0.000005155 | −0.165% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005163 | −0.025% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005162 | −0.039% | $60K | $183K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005161 | −0.058% | $99.2M | $427.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005159 | −0.097% | $163.7M | $98.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005207 | +0.842% | $652K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005167 | +0.055% | $28K | $546K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005167 | +0.056% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005159 | −0.097% | $600K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0129% | 8h | 0.000005170 | +0.108% | $26.9M | $73.8M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005168 | +0.070% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0268% | 8h | 0.000005157 | −0.132% | $46.2M | $219.3M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0281% | 1h | 0.000005169 | +0.097% | $2K | $11K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0331% | 1h | 0.000005168 | +0.077% | $74K | $127K | 25x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0376% | 8h | 0.000005164 | long leg | $47.6M | $746.3M | 50x | |
| ApeX Omni 1000PEPEUSDT | +0.0378% | 1h | 0.000005219 | +1.065% | $151K | $833K | 25x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005156 | −0.155% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0413% | 8h | 0.000005169 | +0.087% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0478% | 8h | 0.000005159 | −0.098% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0499% | 8h | 0.000005170 | +0.116% | $4.4M | $30.3M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0507% | 1h | 0.000005169 | +0.105% | $78K | $877K | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0530% | 8h | 0.000005168 | +0.068% | $2.4M | $8.1M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005170 | +0.116% | $647K | $39.8M | 50x | as long as short |
| Lighter 1000PEPE | +0.0592% | 1h | 0.000005171 | +0.136% | $621K | $9.0M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0710% | 1h | 0.000005165 | +0.026% | $4.7M | $16.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0712% | 1h | 0.000005160 | −0.077% | $622 | $2K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0712% | 8h | 0.000005159 | −0.099% | — | $2.3M | — | as long as short |
| Nado kPEPE-PERP | +0.0717% | 1h | 0.000005161 | −0.051% | $165K | $956K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0727% | 8h | 0.000005161 | −0.052% | $1.8M | $11.9M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0741% | 8h | 0.000005159 | −0.091% | $142.2M | $1.49B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0742% | 8h | 0.000005157 | −0.143% | $100.8M | $305.9M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0744% | 1h | 0.000005158 | −0.111% | $542K | $284K | 25x | as long as short |
| Aevo 1000PEPE-PERPshort | +0.0744% | 1h | 0.000005165 | +0.019% | $146K | — | 3x | |
| Hyperliquid kPEPE | +0.0947% | 1h | 0.000005174 | +0.194% | $53.9M | $157.7M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1068% / S −0.1502% | 1h | 0.000005000 | −3.176% | $47K | — | 100x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
ApeX Omni 1000PEPEUSDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
01 Exchange kPEPEUSD
BingX 1000PEPE-USDC
Nado kPEPE-PERP
Aster 1000PEPEUSDT
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]