Funding you earn now, next payment 08:00 UTC−0.0351%/8h= −38.5% APRpaid last 24h −0.100%
Price spread now: OKX against Aevo−0.232%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,378as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,391as in the Price arb table
costs, in and out, $10k−$1,36713.670% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.232%, 7d avg +0.011%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and OKX is 0.243% cheaper against Aevo than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
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 | Aevo 1000PEPE-PERP | 0.000005165 | 0.0712 | pay 0.0089% / 1h | 11m 56s | $146K | — | 3x |
| Short | OKX PEPE-USDT-SWAP | 0.000005153 | 0.0361 | get 0.0361% / 8h | 11m 56s | $47.7M | $748.3M | 50x |
Aevo 1000PEPE-PERP
OKX PEPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Aevo. 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
- −$73.77
- Price spread: −0.232% → +0.011%
- −$24.33
- Slippage, 4 orders
- −$1,340.97
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$1,465.07
- Costs to cover
- 13.670%
- Break-even
- never at this rate
Slippage from Aevo: live order book, 27 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 Aevo live order book, 27 min ago | 272.05 bp | 681.7 bp −$682 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.97 bp | 7.2 bp −$7 | 11.8 bp −$118 | 36.7 bp −$3,672 | 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 | 0.000005162 | −0.062% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005159 | −0.116% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005168 | +0.058% | $60K | $184K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005150 | −0.290% | $99.3M | $430.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005159 | −0.116% | $163.5M | $99.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005150 | −0.296% | $613K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005148 | −0.329% | $28K | $549K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005173 | +0.145% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005168 | +0.064% | $603K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0126% | 1h | 0.000005162 | −0.058% | $2K | $11K | 10x | 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
SoDEX 1000PEPE-USDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0127% | 8h | 0.000005152 | −0.246% | $26.9M | $74.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005170 | +0.101% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0248% | 8h | 0.000005149 | −0.312% | $46.2M | $220.3M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0327% | 1h | 0.000005145 | −0.387% | $149K | $834K | 25x | as long as short |
| OKX PEPE-USDT-SWAPshort | +0.0361% | 8h | 0.000005153 | −0.232% | $47.7M | $748.3M | 50x | |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005142 | −0.445% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0415% | 8h | 0.000005168 | +0.066% | $34K | $26K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0451% | 8h | 0.000005162 | −0.068% | $2.4M | $8.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0463% | 8h | 0.000005165 | −0.005% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0482% | 8h | 0.000005161 | −0.077% | $4.5M | $30.4M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0505% | 1h | 0.000005156 | −0.184% | $78K | $891K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0525% | 1h | 0.000005163 | −0.039% | $74K | $127K | 25x | as long as short |
| Lighter 1000PEPE | +0.0528% | 1h | 0.000005165 | 0.000% | $620K | $9.1M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005163 | −0.039% | $675K | $39.9M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0686% | 8h | 0.000005153 | −0.232% | — | $175.0M | — | as long as short |
| 01 Exchange kPEPEUSD | +0.0704% | 1h | 0.000005172 | +0.136% | $624 | $2K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0706% | 1h | 0.000005169 | +0.069% | $166K | $958K | 10x | as long as short |
| MEXC PEPE_USDT | +0.0711% | 8h | 0.000005153 | −0.232% | $101.5M | $309.1M | 300x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0711% | 1h | 0.000005158 | −0.131% | $4.8M | $16.7M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0712% | 8h | 0.000005154 | −0.215% | $141.9M | $1.50B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0712% | 1h | 0.000005151 | −0.266% | $542K | $282K | 25x | as long as short |
| Aevo 1000PEPE-PERPlong | +0.0712% | 1h | 0.000005165 | long leg | $146K | — | 3x | |
| Aster 1000PEPEUSDT | +0.0717% | 8h | 0.000005156 | −0.174% | $1.7M | $12.0M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0912% | 1h | 0.000005159 | −0.116% | $53.7M | $159.3M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1068% / S −0.1281% | 1h | 0.000005000 | −3.195% | $50K | — | 100x | as long as short |
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
01 Exchange kPEPEUSD
Nado kPEPE-PERP
MEXC PEPE_USDT
Kraken Futures PF_PEPEUSD
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]