Funding you earn now, next payment 07:00 UTC+0.0665%/8h= +72.8% APRnext payment +$0.83 per $10,000 · paid last 24h +0.020%
Price spread now: Deribit against ApeX Omni−0.058%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$400.395% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.058%, 7d avg −0.010%
=Funding pays, the price is against you. Deribit is 0.048% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.010%). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$20 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.83 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 | 0.000005174 | 0.0441 | pay 0.0055% / 1h | 0m 24s | $150K | $830K | 25x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005171 | 0.1106 | get 0.0138% / 1h | 0m 24s | $74K | $127K | 25x |
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $139.61
- Price spread: −0.058% → −0.010%
- −$4.77
- Slippage, 4 orders
- −$22.52
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $95.32
- Costs to cover
- 0.395%
- Break-even
- 2.2 days
Slippage from ApeX Omni: live order book, 43 min ago; Deribit: live order book, 8 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, 43 min ago | 2.51 bp | 11.1 bp −$11 | 55.9 bp −$559 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 8 min ago | 5.84 bp | 9.3 bp −$9 | 16.0 bp −$160 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005162 | −0.232% | $8K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005164 | −0.194% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005161 | −0.255% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005169 | −0.097% | $60K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005163 | −0.213% | $101.1M | $422.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005169 | −0.097% | $164.5M | $97.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005174 | −0.008% | $606K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005170 | −0.081% | $28K | $545K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005170 | −0.077% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005178 | +0.072% | $601K | $4.2M | 75x | as long as short |
Injective PEPE/USDC PERP
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-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0109% | 8h | 0.000005174 | 0.000% | $26.5M | $72.7M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0180% | 1h | 0.000005175 | +0.019% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005164 | −0.188% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0283% | 8h | 0.000005169 | −0.099% | $46.3M | $216.6M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0399% | 8h | 0.000005165 | −0.174% | $47.8M | $738.2M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0402% | 8h | 0.000005167 | −0.129% | $34K | $26K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDTlong | +0.0441% | 1h | 0.000005174 | long leg | $150K | $830K | 25x | |
| Kraken Futures PF_PEPEUSD | +0.0451% | 1h | 0.000005177 | +0.049% | $4.7M | $16.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0471% | 1h | 0.000005175 | +0.019% | $76K | $867K | 15x | as long as short |
| BloFin PEPE-USDT | +0.0518% | 8h | 0.000005178 | +0.077% | $4.4M | $30.0M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0521% | 8h | 0.000005170 | −0.076% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0522% | 8h | 0.000005176 | +0.039% | $2.4M | $8.1M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005171 | −0.058% | $698K | $39.1M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005180 | +0.116% | $625 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0705% | 1h | 0.000005167 | −0.141% | $165K | $954K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0723% | 8h | 0.000005174 | +0.002% | — | $218.2M | — | as long as short |
| Lighter 1000PEPE | +0.0728% | 1h | 0.000005174 | 0.000% | $618K | $9.1M | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0745% | 8h | 0.000005172 | −0.039% | $1.8M | $11.7M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0752% | 1h | 0.000005173 | −0.029% | $542K | $286K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0755% | 8h | 0.000005170 | −0.068% | $100.8M | $307.6M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0758% | 8h | 0.000005169 | −0.101% | $142.2M | $1.47B | 75x | as long as short |
| Aevo 1000PEPE-PERP | +0.0760% | 1h | 0.000005163 | −0.213% | $146K | — | 3x | as long as short |
| Hyperliquid kPEPE | +0.0959% | 1h | 0.000005176 | +0.039% | $53.8M | $157.0M | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.1106% | 1h | 0.000005171 | −0.058% | $74K | $127K | 25x | |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2249% | 1h | 0.000005000 | −3.363% | $64K | — | 100x | as long as short |
KuCoin PEPEUSDTM
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Kraken Futures PF_PEPEUSD
Backpack kPEPE_USDC_PERP
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Lighter 1000PEPE
Aster 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]