Funding you earn now, next payment 07:00 UTC+0.0246%/8h= +27.0% APRnext payment +$0.31 per $10,000 · paid last 24h +0.015%
Price spread now: Coinbase International against ApeX Omni−0.367%75s7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as 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−$450.449% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)+0.333%+$33 · spread now −0.367%, 7d avg +0.005%
=Funding pays, the price is against you. Coinbase International is 0.372% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.367% now, against its 7-day average of +0.005%). If the spread goes back, that is −$37 on $10k: about 5.0 days of funding at the current rate (+$7 a day). The two prices were read 75 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 -0.049% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 per $10,000. 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 | ApeX Omni 1000PEPEUSDT | 0.000005173 | 0.0298 | pay 0.0037% / 1h | 13m 48s | $150K | $834K | 25x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000005154 | 0.0544 | get 0.0068% / 1h | 13m 48s | $672K | $39.8M | 50x |
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against ApeX Omni. 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
- $51.76
- Price spread: −0.367% → +0.005%
- −$37.24
- Slippage, 4 orders
- −$24.95
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$30.43
- Costs to cover
- 0.449%
- Break-even
- 11.1 days
Slippage from ApeX Omni: live order book, 25 min ago; Coinbase International: live order book, 5 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 ApeX Omni live order book, 25 min ago | 5.32 bp | 13.1 bp −$13 | 75.8 bp −$758 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 3.87 bp | 8.9 bp −$9 | 17.3 bp −$173 | 56.8 bp −$5,675 | 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 | 0.000005146 | −0.516% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005148 | −0.493% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005154 | −0.367% | $60K | $184K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005149 | −0.464% | $99.3M | $430.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005148 | −0.483% | $163.3M | $99.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005150 | −0.450% | $613K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005154 | −0.375% | $28K | $548K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005157 | −0.309% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005151 | −0.427% | $600K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0127% | 8h | 0.000005155 | −0.342% | $27.0M | $74.1M | 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0130% | 1h | 0.000005153 | −0.387% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005141 | −0.613% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0250% | 8h | 0.000005150 | −0.439% | $46.3M | $220.2M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDTlong | +0.0298% | 1h | 0.000005173 | long leg | $150K | $834K | 25x | |
| OKX PEPE-USDT-SWAP | +0.0362% | 8h | 0.000005150 | −0.445% | $47.7M | $747.8M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005142 | −0.599% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0414% | 8h | 0.000005154 | −0.375% | $34K | $26K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0455% | 8h | 0.000005153 | −0.392% | $2.4M | $8.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0460% | 8h | 0.000005158 | −0.289% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0484% | 8h | 0.000005148 | −0.483% | $4.5M | $30.4M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0505% | 1h | 0.000005151 | −0.421% | $78K | $891K | 15x | as long as short |
| Lighter 1000PEPE | +0.0520% | 1h | 0.000005153 | −0.387% | $618K | $9.1M | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0527% | 1h | 0.000005152 | −0.406% | $73K | $127K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0544% | 1h | 0.000005154 | −0.367% | $672K | $39.8M | 50x | |
| BingX 1000PEPE-USDT | +0.0686% | 8h | 0.000005150 | −0.452% | — | $175.1M | — | as long as short |
| 01 Exchange kPEPEUSD | +0.0704% | 1h | 0.000005156 | −0.329% | $622 | $2K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0708% | 1h | 0.000005152 | −0.402% | $166K | $958K | 10x | as long as short |
| Binance 1000PEPEUSDT | +0.0712% | 8h | 0.000005152 | −0.401% | $141.8M | $1.50B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0712% | 1h | 0.000005149 | −0.458% | $542K | $282K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0713% | 1h | 0.000005148 | −0.490% | $4.8M | $16.7M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0716% | 8h | 0.000005152 | −0.404% | $101.2M | $308.8M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0718% | 8h | 0.000005152 | −0.406% | $1.7M | $12.0M | 50x | as long as short |
| Aevo 1000PEPE-PERP | +0.0720% | 1h | 0.000005154 | −0.367% | $146K | — | 3x | as long as short |
| Hyperliquid kPEPE | +0.0917% | 1h | 0.000005153 | −0.387% | $53.6M | $159.3M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1068% / S −0.1281% | 1h | 0.000005000 | −3.344% | $50K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
01 Exchange kPEPEUSD
Nado kPEPE-PERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Kraken Futures PF_PEPEUSD
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Aevo 1000PEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]