Funding you earn now, next payment 23:00 UTC−0.0795%/8h= −87.1% APRpaid last 24h −0.077%
Price spread now: edgeX against Backpack+0.447%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs+$16as in the Price arb table
costs, in and out, $10k−$310.307% of the position
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 3 days (all we have)−0.303%−$30 · spread now +0.447%, 7d avg −0.020%
=Together, before fees−0.442%+ Points / potential airdropedgeX: Active · farm board−$44 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.466% dearer against Backpack than usual: you sell high and buy low (spread +0.447% now, against its 7-day average of −0.020%): +$47 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−0.139% in total) that is about 24 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.139% in total (about -7.2% 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 | Backpack kPEPE_USDC_PERP | 0.000004860 | 0.0895 | pay 0.0112% / 1h | 50m 58s | $93K | $614K | 15x |
| Short | edgeX 1000PEPEUSDC | 0.000004882 | 0.0100 | get 0.0050% / 4h | 1h 50m | $28K | $342K | 20x |
Backpack kPEPE_USDC_PERP
edgeX 1000PEPEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Backpack. 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
- −$167.01
- Price spread: +0.447% → −0.020%
- $46.65
- Slippage, 4 orders
- −$11.67
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$151.04
- Costs to cover
- 0.307%
- Break-even
- from the start
Slippage from Backpack: live order book, 33 min ago; edgeX: live order book, 32 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 Backpack live order book, 33 min ago | 0.10 bp | 13.7 bp −$14 | 36.5 bp −$365 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 32 min ago | 0.93 bp | 5.9 bp −$6 | 112.6 bp −$1,126 | 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 | 0.000004869 | +0.190% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004856 | −0.076% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004858 | −0.039% | $60.3M | $75.3M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004869 | +0.187% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004861 | +0.019% | $88.6M | $278.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004857 | −0.060% | $151.8M | $62.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004861 | +0.029% | $25.1M | $53.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004876 | +0.333% | $556K | $3.9M | — | as long as short |
| edgeX 1000PEPEUSDCshort | +0.0100% | 4h | 0.000004882 | +0.447% | $28K | $342K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004866 | +0.134% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004865 | +0.113% | $550K | $3.5M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0144% | 1h | 0.000004862 | +0.043% | $2K | $9K | 10x | as long as short |
| Lighter 1000PEPE | +0.0168% | 1h | 0.000004860 | +0.002% | $643K | $5.4M | 10x | as long as short |
| Bitget PEPEUSDT | +0.0177% | 8h | 0.000004858 | −0.041% | $42.8M | $151.3M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004863 | +0.057% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0202% | 8h | 0.000004863 | +0.064% | $41.8M | $493.7M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0317% / S −0.0215% | 1h | 0.000004000 | −17.694% | $53K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0323% | 8h | 0.000004862 | +0.043% | $3.8M | $22.2M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0436% | 8h | 0.000004866 | +0.117% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004864 | +0.084% | $625K | $25.5M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0454% | 8h | 0.000004860 | 0.000% | $2.3M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0488% | 8h | 0.000004868 | +0.165% | $5K | $16 | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0573% | 1h | 0.000004862 | +0.043% | $82K | $94K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0640% | 1h | 0.000004864 | +0.084% | $189K | $849K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0664% | 1h | 0.000004871 | +0.228% | $558 | $2K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0839% | 8h | 0.000004864 | +0.074% | — | $2.3M | — | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004879 | +0.393% | $4K | $103K | 12x | as long as short |
| Binance 1000PEPEUSDT | +0.0877% | 8h | 0.000004863 | +0.060% | $130.8M | $1.03B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0880% | 1h | 0.000004862 | +0.037% | $535K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0880% | 1h | 0.000004859 | −0.019% | $137K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0881% | 8h | 0.000004863 | +0.070% | $92.0M | $282.5M | 300x | as long as short |
| Backpack kPEPE_USDC_PERPlong | +0.0895% | 1h | 0.000004860 | long leg | $93K | $614K | 15x | |
| Aster 1000PEPEUSDT | +0.0911% | 8h | 0.000004856 | −0.073% | $1.5M | $6.9M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1312% | 1h | 0.000004861 | +0.024% | $4.0M | $13.2M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1769% | 1h | 0.000004880 | +0.414% | $104K | $763K | 25x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Lighter 1000PEPE
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP
01 Exchange kPEPEUSD
BingX 1000PEPE-USDC
Injective PEPE/USDC PERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
ApeX Omni 1000PEPEUSDT