Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.3% APRnext payment +$0.40 per $10,000 · paid last 24h −0.004%
Price spread now: OKX against Orderly+0.064%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.064% dearer against Orderly than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_1000PEPE_USDC | 0.000005146 | 0.0379 | pay 0.0379% / 8h | 2h 02m | $34K | $26K | 20x |
| Short | OKX PEPE-USDT-SWAP | 0.000005149 | 0.0419 | get 0.0419% / 8h | 2h 02m | $48.1M | $716.1M | 50x |
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Orderly. 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
- $8.31
- Price spread: +0.064% → 0.000%
- $6.41
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$1.28
- Costs to cover
- 0.160%
- Break-even
- 8.1 days
Slippage unknown: Orderly: no order-book sample; OKX: live order book, 2 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell OKX live order book, 2 min ago | 0.98 bp | 7.7 bp −$8 | 12.2 bp −$122 | 34.6 bp −$3,460 | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.000005139 | −0.121% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0007% | 1h | 0.000005144 | −0.025% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005142 | −0.072% | $59K | $178K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005146 | +0.006% | $100.5M | $410.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005142 | −0.072% | $162.7M | $95.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005153 | +0.148% | $26.0M | $71.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005136 | −0.196% | $614K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005133 | −0.251% | $28K | $540K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005136 | −0.198% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005129 | −0.325% | $583K | $4.2M | 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0140% | 1h | 0.000005130 | −0.305% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005151 | +0.105% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0318% | 8h | 0.000005148 | +0.043% | $45.8M | $213.0M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0336% | 1h | 0.000005126 | −0.383% | $73K | $127K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDClong | +0.0379% | 8h | 0.000005146 | long leg | $34K | $26K | 20x | |
| OKX PEPE-USDT-SWAPshort | +0.0419% | 8h | 0.000005149 | +0.064% | $48.1M | $716.1M | 50x | |
| Paradex kPEPE-USD-PERP | +0.0537% | 8h | 0.000005139 | −0.123% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0543% | 8h | 0.000005131 | −0.286% | $4.4M | $29.2M | 75x | as long as short |
| Lighter 1000PEPE | +0.0600% | 1h | 0.000005144 | −0.033% | $621K | $9.1M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0618% | 8h | 0.000005130 | −0.309% | $2.4M | $8.0M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0648% | 1h | 0.000005131 | −0.290% | $68K | $843K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0650% | 1h | 0.000005150 | +0.093% | $161K | $953K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005148 | +0.045% | $621 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005130 | −0.305% | $689K | $37.9M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0703% | 1h | 0.000005129 | −0.325% | $155K | $818K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0760% | 8h | 0.000005143 | −0.054% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0788% | 8h | 0.000005148 | +0.050% | $143.1M | $1.44B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0791% | 8h | 0.000005147 | +0.021% | $99.0M | $305.1M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005144 | −0.024% | $544K | $281K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005129 | −0.325% | $145K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0817% | 8h | 0.000005141 | −0.084% | $1.8M | $11.5M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0833% | 1h | 0.000005128 | −0.336% | $4.7M | $16.8M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1032% | 1h | 0.000005157 | +0.220% | $55.0M | $153.8M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1132% / S −0.2351% | 1h | 0.000005000 | −2.831% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005120 | −0.499% | $10K | $119K | 12x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Lighter 1000PEPE
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP