Funding you earn now, next payment 09:00 UTC+0.0196%/8h= +21.4% APRpaid last 24h +0.080%
Price spread now: ApeX Omni against Gate+0.239%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days+0.128%+$13 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.239%, 7d avg +0.018%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and ApeX Omni is 0.221% dearer against Gate than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.018%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.128% in total (about 6.7% 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 | Gate PEPE_USDT | 0.000005016 | 0.0100 | pay 0.0100% / 8h | 7h 26m | $159.0M | $100.2M | 75x |
| Short | ApeX Omni 1000PEPEUSDT | 0.000005028 | 0.0296 | get 0.0037% / 1h | 26m 45s | $148K | $841K | 25x |
Gate PEPE_USDT
ApeX Omni 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Gate. 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
- $41.13
- Price spread: +0.239% → +0.018%
- $22.1
- Slippage, 4 orders
- −$20.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $18.2
- Costs to cover
- 0.450%
- Break-even
- 3.9 days
Slippage from Gate: live order book, 2 min ago; ApeX Omni: live order book, 7 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 Gate live order book, 2 min ago | 2.99 bp | 12.6 bp −$13 | 19.1 bp −$191 | 61.9 bp −$6,195 | doesn't fit |
| Sell ApeX Omni live order book, 7 min ago | 2.86 bp | 9.8 bp −$10 | 90.9 bp −$909 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005019 | +0.066% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005035 | +0.379% | $58K | $188K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005015 | −0.020% | $96.7M | $440.4M | 50x | as long as short |
| Gate PEPE_USDTlong | +0.0100% | 8h | 0.000005016 | long leg | $159.0M | $100.2M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005028 | +0.233% | $644K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005029 | +0.256% | $28K | $552K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005034 | +0.357% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005031 | +0.307% | $586K | $4.3M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005015 | −0.020% | $7K | $121K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0148% | 1h | 0.000005026 | +0.199% | $72K | $128K | 25x | as long as short |
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUALShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0164% | 8h | 0.000005031 | +0.305% | $26.6M | $75.1M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005035 | +0.378% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0191% | 8h | 0.000005014 | −0.038% | $45.4M | $223.9M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0194% | 1h | 0.000005026 | +0.199% | $2K | $11K | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0248% | 8h | 0.000005025 | +0.189% | $2.3M | $8.1M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDTshort | +0.0296% | 1h | 0.000005028 | +0.239% | $148K | $841K | 25x | |
| OKX PEPE-USDT-SWAP | +0.0318% | 8h | 0.000005015 | −0.020% | $45.3M | $737.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0382% | 1h | 0.000005025 | +0.179% | $92K | $911K | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0407% | 8h | 0.000005029 | +0.261% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0438% | 8h | 0.000005028 | +0.241% | $33K | $30K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0441% | 8h | 0.000005028 | +0.239% | $4.5M | $30.2M | 75x | as long as short |
| Hyperliquid kPEPE | +0.0459% | 1h | 0.000005017 | +0.020% | $51.9M | $161.0M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005028 | +0.239% | $717K | $39.2M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0544% | 1h | 0.000005035 | +0.379% | $607 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0616% | 1h | 0.000005015 | −0.020% | $589K | $9.1M | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0624% | 8h | 0.000005016 | +0.002% | — | $2.3M | — | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0631% | 1h | 0.000005022 | +0.113% | $4.8M | $16.9M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0648% | 1h | 0.000005017 | +0.021% | $528K | $285K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0648% | 8h | 0.000005015 | −0.010% | $98.3M | $308.9M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0648% | 1h | 0.000005028 | +0.239% | $142K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0649% | 8h | 0.000005017 | +0.022% | $137.1M | $1.53B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0668% | 8h | 0.000005020 | +0.080% | $1.7M | $12.1M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0677% | 1h | 0.000005030 | +0.286% | $158K | $967K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0972% / S −0.1091% | 1h | 0.000005000 | −0.319% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.5171% | 1h | 0.000005029 | +0.253% | $25K | $12K | 10x | as long as short |
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
SoDEX 1000PEPE-USD
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Hyperliquid kPEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Lighter 1000PEPE
BingX 1000PEPE-USDC
Kraken Futures PF_PEPEUSD
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD