PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0121%/8h= +13.2% APRnext payment +$1.21 per $10,000 · paid last 24h +0.036%

Price spread now: BloFin against OKX−0.041%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$7as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.235%+$23 on $10k

Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.041%, 7d avg +0.014%

Together, before fees+0.315%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.055% cheaper against OKX than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.014%). If the spread goes back, that is −$6 on $10k: about 36 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PEPE-USDT-SWAP	0.000004827	0.0190	pay 0.0190% / 8h	7h 50m	$43.1M	$509.6M	50x
Short	BloFin PEPE-USDT	0.000004825	0.0311	get 0.0311% / 8h	7h 50m	$3.9M	$22.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BloFinbpOrdersPrice spread, now −0.041%Rate

Funding earned: $25.39
Price spread: −0.041% → +0.014%: −$5.51
Slippage, 4 orders: −$8.74
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$10.86
Costs to cover: 0.307%
Break-even: 10.0 days

Slippage from OKX: live order book, 3 min ago; BloFin: 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	1.04 bp	8.1 bp −$8	11.3 bp −$113	38.4 bp −$3,835	doesn't fit
Sell BloFin live order book, 3 min ago	2.08 bp	8.1 bp −$8	11.4 bp −$114	27.1 bp −$2,712	102.3 bp −$51.1K

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
Kraken Futures PF_PEPEUSD	−0.0121%	1h	0.000004823	−0.078%	$3.9M	$14.0M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004821	−0.120%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004822	−0.114%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004823	−0.083%	$66.0M	$105.1M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004825	−0.041%	$57K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004820	−0.139%	$88.7M	$298.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004821	−0.124%	$153.3M	$64.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004821	−0.116%	$24.1M	$55.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004825	−0.035%	$42.6M	$151.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004819	−0.171%	$555K	$4.2M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004812	−0.305%	$26K	$351K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004834	+0.135%	$2K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004822	−0.112%	$547K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004826	−0.025%	$2.3M	$6.5M	50x	as long as short
Lighter 1000PEPE	+0.0104%	1h	0.000004825	−0.041%	$587K	$6.6M	10x	as long as short
SoDEX 1000PEPE-USD	+0.0104%	1h	0.000004823	−0.083%	$2K	$12K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0174%	8h	0.000004827	−0.001%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004822	−0.095%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAPlong	+0.0190%	8h	0.000004827	long leg	$43.1M	$509.6M	50x
BloFin PEPE-USDTshort	+0.0311%	8h	0.000004825	−0.041%	$3.9M	$22.9M	75x
Orderly PERP_1000PEPE_USDC	+0.0324%	8h	0.000004822	−0.102%	$30K	$13K	20x	as long as short
01 Exchange kPEPEUSD	+0.0352%	1h	0.000004825	−0.041%	$1K	$2K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004824	−0.062%	$554K	$26.0M	50x	as long as short
Nado kPEPE-PERP	+0.0390%	1h	0.000004824	−0.062%	$181K	$848K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0411% / S −0.0534%	1h	0.000004000	−17.133%	$41K	—	100x	as long as short
BingX 1000PEPE-USDT	+0.0517%	8h	0.000004824	−0.066%	—	$257.5M	—	as long as short
Binance 1000PEPEUSDT	+0.0536%	8h	0.000004827	−0.010%	$137.0M	$1.08B	75x	as long as short
Extended 1000PEPE-USD	+0.0536%	1h	0.000004820	−0.140%	$529K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0536%	1h	0.000004791	−0.746%	$135K	—	3x	as long as short
MEXC PEPE_USDT	+0.0537%	8h	0.000004822	−0.114%	$92.5M	$280.0M	300x	as long as short
Aster 1000PEPEUSDT	+0.0541%	8h	0.000004827	+0.009%	$1.5M	$7.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004831	+0.083%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0696%	1h	0.000004825	−0.048%	$93K	$602K	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0787%	1h	0.000004817	−0.207%	$100K	$754K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0788%	1h	0.000004823	−0.083%	$78K	$98K	25x	as long as short