Funding you earn now, next payment 07:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.085%
Price spread now: edgeX against Deribit+0.913%75s7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$740.739% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 4 days (all we have)−1.004%−$100 · spread now +0.913%, 7d avg +0.010%
=Together, before fees−0.999%+ Points / potential airdropedgeX: Active · farm board−$100 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.902% dearer against Deribit than usual: you sell high and buy low (spread +0.913% now, against its 7-day average of +0.010%): +$90 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005090 | 0.0143 | pay 0.0018% / 1h | 36m 16s | $73K | $127K | 25x |
| Short | edgeX 1000PEPEUSDC | 0.000005136 | 0.0100 | get 0.0050% / 4h | 1h 36m | $28K | $541K | 20x |
Deribit 1000PEPE_USDC-PERPETUAL
edgeX 1000PEPEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Deribit. 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
- −$9.05
- Price spread: +0.913% → +0.010%
- $90.24
- Slippage, 4 orders
- −$57.89
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $7.3
- Costs to cover
- 0.739%
- Break-even
- from the start
Slippage from Deribit: live order book, 38 min ago; edgeX: live order book, 7 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 Deribit live order book, 38 min ago | 27.35 bp | 30.8 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 7 min ago | 1.45 bp | 6.1 bp −$6 | 44.6 bp −$446 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005141 | +1.002% | $9K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005088 | −0.047% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005090 | −0.010% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005115 | +0.491% | $59K | $181K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005088 | −0.035% | $100.6M | $417.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005091 | +0.020% | $162.5M | $96.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005091 | +0.020% | $25.7M | $72.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005155 | +1.269% | $615K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDCshort | +0.0100% | 4h | 0.000005136 | +0.913% | $28K | $541K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005099 | +0.179% | $1K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
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 | 0.000005107 | +0.328% | $590K | $4.2M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0143% | 1h | 0.000005090 | long leg | $73K | $127K | 25x | |
| SoDEX 1000PEPE-USD | +0.0164% | 1h | 0.000005094 | +0.079% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005090 | +0.004% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0294% | 8h | 0.000005084 | −0.112% | $45.5M | $215.2M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0347% | 1h | 0.000005157 | +1.316% | $156K | $822K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0386% | 8h | 0.000005094 | +0.086% | $34K | $26K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0391% | 1h | 0.000005113 | +0.446% | $74K | $855K | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0412% | 8h | 0.000005090 | 0.000% | $47.3M | $721.3M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0459% | 1h | 0.000005089 | −0.013% | $4.6M | $16.7M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0507% | 8h | 0.000005110 | +0.397% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0541% | 8h | 0.000005115 | +0.491% | $4.5M | $29.4M | 75x | as long as short |
| Lighter 1000PEPE | +0.0544% | 1h | 0.000005094 | +0.079% | $608K | $9.0M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0591% | 8h | 0.000005093 | +0.051% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005092 | +0.039% | $671K | $38.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005121 | +0.609% | $618 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0735% | 8h | 0.000005092 | +0.041% | — | $2.3M | — | as long as short |
| Nado kPEPE-PERP | +0.0752% | 1h | 0.000005090 | +0.004% | $164K | $959K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0768% | 1h | 0.000005090 | +0.008% | $541K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005095 | +0.098% | $144K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0769% | 8h | 0.000005096 | +0.126% | $97.6M | $303.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0771% | 8h | 0.000005092 | +0.035% | $140.4M | $1.46B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0774% | 8h | 0.000005093 | +0.065% | $1.8M | $11.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0970% | 1h | 0.000005097 | +0.138% | $54.4M | $155.3M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1131% / S −0.2257% | 1h | 0.000005000 | −1.768% | $64K | — | 100x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Lighter 1000PEPE
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
BingX 1000PEPE-USDC
Nado kPEPE-PERP
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]