Funding you earn now, next payment 21:00 UTC−0.0364%/8h= −39.9% APRpaid last 24h −0.023%
Price spread now: edgeX against Coinbase International+0.294%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs$0as in the Price arb table
costs, in and out, $10k−$330.333% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 3 days (all we have)−0.346%−$35 · spread now +0.294%, 7d avg −0.035%
=Together, before fees−0.287%+ Points / potential airdropedgeX: Active · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.329% dearer against Coinbase International than usual: you sell high and buy low (spread +0.294% now, against its 7-day average of −0.035%): +$33 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 3.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% 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 | Coinbase International 1000PEPE-PERP-INTX | 0.000004801 | 0.0464 | pay 0.0058% / 1h | 31m 35s | $575K | $25.3M | 50x |
| Short | edgeX 1000PEPEUSDC | 0.000004815 | 0.0100 | get 0.0050% / 4h | 2h 31m | $27K | $338K | 20x |
Coinbase International 1000PEPE-PERP-INTX
edgeX 1000PEPEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Coinbase International. 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
- −$76.44
- Price spread: +0.294% → −0.035%
- $32.95
- Slippage, 4 orders
- −$14.35
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$76.84
- Costs to cover
- 0.333%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; edgeX: live order book, 56 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 Coinbase International live order book, 3 min ago | 4.15 bp | 11.1 bp −$11 | 15.0 bp −$150 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 56 min ago | 0.92 bp | 5.6 bp −$6 | 37.3 bp −$373 | 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 | 0.000004793 | −0.172% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004789 | −0.240% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004792 | −0.187% | $56.8M | $70.2M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004796 | −0.104% | $59K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004798 | −0.058% | $88.6M | $273.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004794 | −0.146% | $148.7M | $61.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004795 | −0.125% | $23.7M | $52.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004799 | −0.035% | $705K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDCshort | +0.0100% | 4h | 0.000004815 | +0.294% | $27K | $338K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004810 | +0.198% | $2K | $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 | 0.000004799 | −0.040% | $553K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0133% | 8h | 0.000004802 | +0.021% | $41.2M | $488.0M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0171% | 8h | 0.000004802 | +0.017% | $43.2M | $152.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004803 | +0.047% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0245% | 8h | 0.000004812 | +0.229% | $3.9M | $21.7M | 75x | as long as short |
| Lighter 1000PEPE | +0.0312% | 1h | 0.000004795 | −0.125% | $590K | $5.1M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −16.684% | $52K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000004792 | −0.190% | $29K | $11K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0389% | 8h | 0.000004801 | +0.004% | $5K | $16 | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0464% | 1h | 0.000004801 | long leg | $575K | $25.3M | 50x | |
| Phemex u1000PEPEUSDT | +0.0471% | 8h | 0.000004791 | −0.212% | $2.3M | $6.3M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0486% | 1h | 0.000004791 | −0.204% | $95K | $622K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004814 | +0.271% | $4K | $92K | 12x | as long as short |
| SoDEX 1000PEPE-USD | +0.0655% | 1h | 0.000004790 | −0.229% | $2K | $9K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0691% | 1h | 0.000004798 | −0.054% | $179K | $859K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0722% | 1h | 0.000004816 | +0.312% | $100K | $759K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0765% | 1h | 0.000004789 | −0.250% | $3.9M | $13.0M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0774% | 8h | 0.000004800 | −0.017% | — | $254.9M | — | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0794% | 1h | 0.000004793 | −0.167% | $81K | $94K | 25x | as long as short |
| Extended 1000PEPE-USD | +0.0816% | 1h | 0.000004795 | −0.116% | $526K | $147K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0816% | 1h | 0.000004795 | −0.125% | $136K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0818% | 8h | 0.000004802 | +0.015% | $90.3M | $289.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0820% | 8h | 0.000004801 | +0.005% | $127.6M | $1.02B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0857% | 8h | 0.000004799 | −0.034% | $1.5M | $6.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1232% | 1h | 0.000004810 | +0.187% | $551 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Lighter 1000PEPE
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
SoDEX 1000PEPE-USD
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD