Funding you earn now, next payment 07:00 UTC−0.0317%/8h= −34.7% APRpaid last 24h +0.036%
Price spread now: ApeX Omni against Binance+0.073%69s7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as 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−$340.343% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.073%, 7d avg −0.031%
=The price spread pays, funding is against you. ApeX Omni is 0.104% dearer against Binance than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of −0.031%): +$10 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 26 hours. Mind the row above: over the last 7 days funding on this pair paid +0.056%, so the current rate has only just turned against you. The two prices were read 69 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 0.056% in total (about 2.9% 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 | Binance 1000PEPEUSDT | 0.000005170 | 0.0758 | pay 0.0758% / 8h | 1h 00m | $142.2M | $1.47B | 75x |
| Short | ApeX Omni 1000PEPEUSDT | 0.000005174 | 0.0441 | get 0.0055% / 1h | 0m 20s | $150K | $830K | 25x |
Binance 1000PEPEUSDT
ApeX Omni 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Binance. 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
- −$66.53
- Price spread: +0.073% → −0.031%
- $10.4
- Slippage, 4 orders
- −$14.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$90.39
- Costs to cover
- 0.343%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; ApeX Omni: live order book, 44 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 Binance live order book, 14 min ago | 0.10 bp | 6.2 bp −$6 | 12.3 bp −$123 | 35.7 bp −$3,572 | doesn't fit |
| Sell ApeX Omni live order book, 44 min ago | 2.51 bp | 9.7 bp −$10 | 101.0 bp −$1,010 | 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 | −0.159% | $8K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005164 | −0.121% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005168 | −0.049% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005169 | −0.023% | $60K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005171 | +0.015% | $101.3M | $422.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005169 | −0.023% | $164.5M | $98.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005174 | +0.065% | $606K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005170 | −0.008% | $28K | $545K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005181 | +0.214% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005175 | +0.083% | $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 | +0.073% | $26.5M | $72.7M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0182% | 1h | 0.000005173 | +0.054% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005172 | +0.033% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0283% | 8h | 0.000005170 | −0.012% | $46.3M | $216.6M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0399% | 8h | 0.000005172 | +0.035% | $47.8M | $739.2M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0401% | 8h | 0.000005169 | −0.018% | $34K | $26K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDTshort | +0.0441% | 1h | 0.000005174 | +0.073% | $150K | $830K | 25x | |
| Kraken Futures PF_PEPEUSD | +0.0451% | 1h | 0.000005170 | −0.005% | $4.7M | $16.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0471% | 1h | 0.000005175 | +0.093% | $76K | $867K | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0517% | 8h | 0.000005174 | +0.069% | $2.4M | $8.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0518% | 8h | 0.000005178 | +0.151% | $4.4M | $30.0M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0521% | 8h | 0.000005170 | −0.003% | $6K | — | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005176 | +0.112% | $698K | $39.2M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005180 | +0.189% | $625 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0705% | 1h | 0.000005167 | −0.067% | $165K | $954K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0718% | 1h | 0.000005172 | +0.035% | $74K | $127K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0723% | 8h | 0.000005172 | +0.040% | — | $2.3M | — | as long as short |
| Lighter 1000PEPE | +0.0736% | 1h | 0.000005175 | +0.093% | $618K | $9.1M | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0745% | 8h | 0.000005169 | −0.030% | $1.8M | $11.7M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0755% | 8h | 0.000005170 | +0.006% | $100.8M | $307.6M | 300x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0758% | 8h | 0.000005170 | long leg | $142.2M | $1.47B | 75x | |
| Extended 1000PEPE-USD | +0.0760% | 1h | 0.000005171 | +0.024% | $542K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0760% | 1h | 0.000005171 | +0.015% | $146K | — | 3x | as long as short |
| Hyperliquid kPEPE | +0.0959% | 1h | 0.000005176 | +0.112% | $53.8M | $157.0M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2249% | 1h | 0.000005000 | −3.292% | $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
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
Lighter 1000PEPE
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]