Funding you earn now, next payment 07:00 UTC−0.0341%/8h= −37.3% APRpaid last 24h −0.078%
Price spread now: Gate against ApeX Omni−0.251%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$430.433% of the position
Funding, last 7 days−0.127%−$13 on $10k
+Price spread, last 4 days (all we have)+0.165%+$16 · spread now −0.251%, 7d avg −0.022%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Gate is 0.229% cheaper against ApeX Omni than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.022%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.127% in total (about -6.6% 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 | ApeX Omni 1000PEPEUSDT | 0.000005174 | 0.0441 | pay 0.0055% / 1h | 3m 00s | $150K | $830K | 25x |
| Short | Gate PEPE_USDT | 0.000005161 | 0.0100 | get 0.0100% / 8h | 1h 03m | $164.3M | $97.8M | 75x |
ApeX Omni 1000PEPEUSDT
Gate PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$71.55
- Price spread: −0.251% → −0.022%
- −$22.88
- Slippage, 4 orders
- −$18.27
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$137.71
- Costs to cover
- 0.433%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 41 min ago; Gate: live order book, 6 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, 41 min ago | 2.51 bp | 11.1 bp −$11 | 55.9 bp −$559 | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 1.94 bp | 13.0 bp −$13 | 18.7 bp −$187 | 62.9 bp −$6,290 | 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 | 0.000005165 | −0.174% | $8K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005169 | −0.097% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005160 | −0.265% | $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 | 0.000005154 | −0.387% | $100.8M | $421.5M | 50x | as long as short |
| Gate PEPE_USDTshort | +0.0100% | 8h | 0.000005161 | −0.251% | $164.3M | $97.8M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005168 | −0.124% | $607K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005169 | −0.098% | $28K | $544K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005174 | −0.006% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005175 | +0.021% | $600K | $4.2M | 75x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | +0.0108% | 8h | 0.000005166 | −0.153% | $26.4M | $72.7M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0174% | 1h | 0.000005168 | −0.116% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005167 | −0.140% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0284% | 8h | 0.000005157 | −0.323% | $46.2M | $216.6M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0331% | 1h | 0.000005163 | −0.213% | $74K | $127K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0400% | 8h | 0.000005155 | −0.367% | $47.7M | $736.1M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0400% | 8h | 0.000005168 | −0.126% | $34K | $26K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDTlong | +0.0441% | 1h | 0.000005174 | long leg | $150K | $830K | 25x | |
| Kraken Futures PF_PEPEUSD | +0.0452% | 1h | 0.000005165 | −0.173% | $4.7M | $16.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0475% | 1h | 0.000005163 | −0.205% | $73K | $866K | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0511% | 8h | 0.000005163 | −0.218% | $2.4M | $8.0M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0520% | 8h | 0.000005172 | −0.039% | $4.4M | $30.0M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0520% | 8h | 0.000005171 | −0.058% | $6K | — | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005159 | −0.290% | $690K | $39.0M | 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 | +0.0700% | 1h | 0.000005167 | −0.127% | $165K | $960K | 10x | as long as short |
| Lighter 1000PEPE | +0.0720% | 1h | 0.000005169 | −0.097% | $617K | $9.1M | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0723% | 8h | 0.000005164 | −0.201% | — | $2.3M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0749% | 8h | 0.000005161 | −0.252% | $1.8M | $11.7M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0758% | 8h | 0.000005166 | −0.157% | $100.2M | $307.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0758% | 8h | 0.000005159 | −0.296% | $141.9M | $1.47B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0760% | 1h | 0.000005156 | −0.341% | $541K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0760% | 1h | 0.000005169 | −0.097% | $146K | — | 3x | as long as short |
| Hyperliquid kPEPE | +0.0952% | 1h | 0.000005167 | −0.135% | $53.7M | $156.9M | 10x | as long as short |
| 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
Deribit 1000PEPE_USDC-PERPETUAL
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Kraken Futures PF_PEPEUSD
Backpack kPEPE_USDC_PERP
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
Lighter 1000PEPE
BingX 1000PEPE-USDC
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]