Funding you earn now, next payment 08:00 UTC−0.0215%/8h= −23.6% APRnext payment −$2.15 per $10,000 · paid last 24h −0.009%
Price spread now: Bitget against OKX−0.069%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$330.329% of the position
Funding, last 7 days−0.035%−$3 on $10k
+Price spread, last 7 days+0.100%+$10 · spread now −0.069%, 7d avg +0.030%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.099% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.030%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.035% in total (about -1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.15 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 | OKX PEPE-USDT-SWAP | 0.000005036 | 0.0343 | pay 0.0343% / 8h | 5h 11m | $45.7M | $589.3M | 50x |
| Short | Bitget PEPEUSDT | 0.000005032 | 0.0128 | get 0.0128% / 8h | 5h 11m | $46.0M | $173.2M | 75x |
OKX PEPE-USDT-SWAP
Bitget PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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
- −$45.24
- Price spread: −0.069% → +0.030%
- −$9.91
- Slippage, 4 orders
- −$10.91
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$88.06
- Costs to cover
- 0.329%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 3 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 OKX live order book, 3 min ago | 1.00 bp | 7.3 bp −$7 | 11.9 bp −$119 | 41.4 bp −$4,138 | doesn't fit |
| Sell Bitget live order book, 3 min ago | 1.39 bp | 9.0 bp −$9 | 11.2 bp −$112 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005009 | −0.526% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005019 | −0.328% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005021 | −0.298% | $64K | $139K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005031 | −0.107% | $97.6M | $340.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005023 | −0.258% | $164.9M | $75.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005021 | −0.300% | $25.8M | $63.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005042 | +0.110% | $687K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005022 | −0.280% | $27K | $443K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005031 | −0.107% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005026 | −0.201% | $571K | $3.6M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDTshort | +0.0128% | 8h | 0.000005032 | −0.069% | $46.0M | $173.2M | 75x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005026 | −0.193% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0317% | 8h | 0.000005030 | −0.111% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0343% | 8h | 0.000005036 | long leg | $45.7M | $589.3M | 50x | |
| BloFin PEPE-USDT | +0.0460% | 8h | 0.000005032 | −0.079% | $4.3M | $25.1M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0533% | 1h | 0.000005034 | −0.040% | $2K | $12K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0542% | 1h | 0.000005020 | −0.318% | $99K | $755K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005027 | −0.179% | $942K | $31.5M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0607% | 8h | 0.000005014 | −0.433% | — | $2.3M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0631% / S −0.1011% | 1h | 0.000005000 | −0.715% | $49K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0636% | 8h | 0.000005033 | −0.064% | $94.8M | $290.5M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0636% | 8h | 0.000005034 | −0.040% | $140.8M | $1.21B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0640% | 1h | 0.000005033 | −0.067% | $533K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0640% | 1h | 0.000005018 | −0.357% | $142K | — | 3x | as long as short |
| Phemex u1000PEPEUSDT | +0.0713% | 8h | 0.000005026 | −0.193% | $2.4M | $7.1M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0728% | 8h | 0.000005020 | −0.317% | $1.8M | $9.2M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0780% | 8h | 0.000005019 | −0.337% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0791% | 1h | 0.000005025 | −0.224% | $186K | $872K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0944% | 1h | 0.000005031 | −0.099% | $71K | $124K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.0952% | 1h | 0.000005034 | −0.040% | $607 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0958% | 1h | 0.000005009 | −0.536% | $92K | $632K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005011 | −0.496% | $4K | $102K | 12x | as long as short |
| Lighter 1000PEPE | +0.1176% | 1h | 0.000005033 | −0.060% | $666K | $8.1M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1383% | 1h | 0.000005032 | −0.085% | $4.3M | $15.2M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1590% | 1h | 0.000005029 | −0.139% | $53.8M | $139.6M | 10x | as long as short |
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Phemex u1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE