Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.000004201+0.0176pay 0.0022% / 1h43m 03s$339K$2.8M50xLong Coinbase International
SHORT0.000004200+0.0096get 0.0012% / 1h43m 03s$104K$228K50xShort Popdex
Price gap−0.024%
Funding gap−0.0080% /8h

The gap pays +$117 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 49 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$8−0.0080% /8h now · paid −0.079% over the last 5 days (all we have)
Price+$117spread −0.024% now, avg −1.198% → +1.174% if it goes back
Costs−$550.553% of $10k · taker + slippage, in and out

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Popdex price against Coinbase Internationalnow
RANGE STATS · 7D
Now−0.024%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PEPE on 36 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size8.6 / 17.6 bp
    At $10k entering Popdex costs 17.6 bp, fee and slippage, 2.1× Coinbase International’s.
  • Note: Margin at max leverage$200 + $200
    Coinbase International 50x, Popdex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$2.40Long Coinbase International: 24 payments, −$5.28; short Popdex: 24 payments, +$2.88.
  • OK: Entry gap works for you−0.024% vs −1.198%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$104K vs $339K OI
    Popdex sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCCoinbase International Yes · Popdex No
    ID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0049%/8h × 21 periods−$10.35
Price spread−0.024% → −1.198% (7d avg)+$117.40
Slippage, 4 orderslive order books−$38.86
Fee Coinbase International bp × 2 orders−$10.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k+$51.80
Costs to cover0.553%Break-evenfrom the start
Slippage: Coinbase International: live order book, 1 min ago; Popdex: live order book, 39 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGCoinbase International3.578.6 bp−$911.9 bp−$11956.4 bp−$5,638doesn’t fit
SELL · SHORTPopdex4.7217.6 bp−$18179.6 bp−$1,796doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

PEPE news

posts that mention PEPE, from every exchangeSearch all news →
09-28 17:53PhoenixListingNow live on Phoenix: $SHIB - 10x leverage $PEPE - 10x leverage @PhoenixTrade on X ↗
09-24 15:00PhoenixListingnew market kPEPE ($PEPE) seen by our collector
09-23 09:30PhemexOtherBTC is green. But the alts are doing the talking. $XRP +9.11% $PEPE +18.55% $ZEC +6.56% $NEAR +4.14% 👀 What are you watching? The next 100x gems? Comments below👇 @Phemex_official on X ↗