Funding you earn now, next payment 16:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.32 per $10,000 · paid last 24h +0.034%
Price spread now: OKX against HTX−0.002%54s7-day average −0.008% · 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—prices read too far apart to compare
costs, in and out, $10k−$430.426% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 4 days (all we have)−0.125%−$12 · spread now −0.002%, 7d avg −0.008%
=The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX PEPE-USDT | 0.000004939 | 0.0100 | pay 0.0100% / 8h | 5h 51m | $580K | $4.2M | 75x |
| Short | OKX PEPE-USDT-SWAP | 0.000004939 | 0.0132 | get 0.0132% / 8h | 5h 51m | $44.3M | $719.6M | 50x |
HTX PEPE-USDT
OKX PEPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against HTX. 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
- $6.71
- Price spread: −0.002% → −0.008%
- $0.62
- Slippage, 4 orders
- −$20.6
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$35.27
- Costs to cover
- 0.426%
- Break-even
- 43.8 days
Slippage from HTX: live order book, 1 min ago; OKX: 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 HTX live order book, 1 min ago | 5.88 bp | 12.3 bp −$12 | 25.6 bp −$256 | 87.9 bp −$8,786 | doesn't fit |
| Sell OKX live order book, 6 min ago | 1.01 bp | 7.9 bp −$8 | 11.4 bp −$114 | 33.4 bp −$3,340 | doesn't fit |
PEPE on 35 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0372% | 1h | 0.000004937 | −0.049% | $4.6M | $15.8M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004943 | +0.076% | $25K | $18K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | 0.0000% | 1h | 0.000004938 | −0.022% | $57K | $115K | 25x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004943 | +0.085% | $3K | — | 150x | as long as short |
| 01 Exchange kPEPEUSD | +0.0064% | 1h | 0.000004944 | +0.099% | $596 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004941 | +0.038% | $595K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0100% | 1h | 0.000004946 | +0.145% | $146K | $943K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004944 | +0.099% | $49.9M | $155.0M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004941 | +0.038% | $57K | $195K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004941 | +0.032% | $94.1M | $442.1M | 50x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
gTrade (Gains Network) PEPE/USD
01 Exchange kPEPEUSD
Lighter 1000PEPE
Nado kPEPE-PERP
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDTShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004943 | +0.079% | $151.9M | $102.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004946 | +0.132% | $24.9M | $75.9M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004938 | −0.030% | $43.5M | $230.9M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004941 | +0.047% | $75K | $990K | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004937 | −0.038% | $643K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004943 | +0.083% | $27K | $570K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004945 | +0.119% | $143K | $851K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004952 | +0.259% | $2K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004939 | −0.002% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDTlong | +0.0100% | 8h | 0.000004939 | long leg | $580K | $4.2M | 75x | |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004933 | −0.115% | $2.3M | $8.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0110% | 8h | 0.000004944 | +0.108% | $6K | — | 20x | as long as short |
| OKX PEPE-USDT-SWAPshort | +0.0132% | 8h | 0.000004939 | −0.002% | $44.3M | $719.6M | 50x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004938 | −0.026% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0259% | 8h | 0.000004948 | +0.180% | $4.3M | $28.7M | 75x | as long as short |
| Aevo 1000PEPE-PERP | +0.0272% | 1h | 0.000004939 | −0.002% | $140K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0276% | 8h | 0.000004946 | +0.140% | $102.1M | $295.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0276% | 8h | 0.000004943 | +0.073% | $128.2M | $1.52B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0280% | 1h | 0.000004937 | −0.046% | $518K | $285K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0281% | 8h | 0.000004947 | +0.155% | $1.7M | $12.5M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0284% | 1h | 0.000004944 | +0.099% | $4K | $122K | 12x | as long as short |
| BingX 1000PEPE-USDC | +0.0310% | 8h | 0.000004938 | −0.022% | — | $2.3M | — | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0343% | 8h | 0.000004939 | −0.008% | $32K | $30K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004943 | +0.079% | $739K | $38.8M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0839% / S −0.0953% | 1h | 0.000004000 | −19.014% | $50K | — | 100x | as long as short |
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Backpack kPEPE_USDC_PERP
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
BingX 1000PEPE-USDC
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]