Funding you earn now, next payment 02:00 UTC+0.0566%/8h= +62.0% APRpaid last 24h +0.089%
Price spread now: Backpack against edgeX−0.757%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$390.393% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 3 days (all we have)+0.669%+$67 · spread now −0.757%, 7d avg +0.021%
=Together, before fees+0.819%+ Points / potential airdropedgeX: Active · farm board+$82 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.778% cheaper against edgeX than usual: you would sell low and buy high (spread −0.757% now, against its 7-day average of +0.021%). If the spread goes back, that is −$78 on $10k: about 4.6 days of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.150% in total) that is about 36 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.150% in total (about 7.8% 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 | edgeX 1000PEPEUSDC | 0.000004983 | 0.0100 | pay 0.0050% / 4h | 2h 54m | $46K | $386K | 20x |
| Short | Backpack kPEPE_USDC_PERP | 0.000004945 | 0.0666 | get 0.0083% / 1h | 54m 35s | $100K | $621K | 15x |
edgeX 1000PEPEUSDC
Backpack kPEPE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against edgeX. 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
- $118.87
- Price spread: −0.757% → +0.021%
- −$77.76
- Slippage, 4 orders
- −$20.31
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $1.8
- Costs to cover
- 0.393%
- Break-even
- 6.9 days
Slippage from edgeX: live order book, 14 min ago; Backpack: live order book, 14 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 edgeX live order book, 14 min ago | 1.38 bp | 6.0 bp −$6 | 8.4 bp −$84 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 14 min ago | 4.93 bp | 11.8 bp −$12 | 27.1 bp −$271 | 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 | 0.000004934 | −0.991% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004939 | −0.895% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004933 | −1.005% | $58K | $122K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004929 | −1.076% | $95.2M | $315.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004928 | −1.106% | $157.3M | $69.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004936 | −0.945% | $24.8M | $58.6M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004935 | −0.963% | $43.6M | $157.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004938 | −0.910% | $556K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDClong | +0.0100% | 4h | 0.000004983 | long leg | $46K | $386K | 20x | |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004981 | −0.042% | $106K | $751K | 25x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
ApeX Omni 1000PEPEUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004952 | −0.620% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004959 | −0.476% | $550K | $3.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004948 | −0.704% | $2.4M | $6.8M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004936 | −0.936% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0196% | 8h | 0.000004940 | −0.865% | $43.4M | $543.2M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0269% | 8h | 0.000004947 | −0.726% | $32K | $22K | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0306% | 1h | 0.000004949 | −0.684% | $2K | $12K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0317% | 8h | 0.000004949 | −0.684% | $4.2M | $24.2M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0348% | 8h | 0.000004929 | −1.076% | $6K | $16 | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000004953 | −0.604% | $658K | $27.9M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0444% | 8h | 0.000004933 | −0.997% | — | $257.9M | — | as long as short |
| Extended 1000PEPE-USD | +0.0464% | 1h | 0.000004934 | −0.977% | $543K | $199K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0464% | 1h | 0.000004948 | −0.704% | $140K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0465% | 8h | 0.000004927 | −1.118% | $92.7M | $286.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0468% | 8h | 0.000004933 | −1.006% | $135.8M | $1.15B | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0502% / S −0.0408% | 1h | 0.000004000 | −19.729% | $62K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0527% | 8h | 0.000004936 | −0.950% | $1.6M | $7.9M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0560% | 1h | 0.000004944 | −0.785% | $60K | $114K | 25x | as long as short |
| Backpack kPEPE_USDC_PERPshort | +0.0666% | 1h | 0.000004945 | −0.757% | $100K | $621K | 15x | |
| 01 Exchange kPEPEUSD | +0.0832% | 1h | 0.000004935 | −0.965% | $1K | $2K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0842% | 1h | 0.000004945 | −0.764% | $3.9M | $14.4M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0879% | 1h | 0.000004939 | −0.892% | $171K | $878K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000004967 | −0.323% | $4K | $102K | 12x | as long as short |
| Lighter 1000PEPE | +0.1000% | 1h | 0.000004947 | −0.724% | $639K | $6.8M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2456% | 1h | 0.000004947 | −0.724% | $54.6M | $134.2M | 10x | as long as short |
SunX 1000PEPE-USDT
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
SoDEX 1000PEPE-USD
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Nado kPEPE-PERP
Injective PEPE/USDC PERP
Lighter 1000PEPE
Hyperliquid kPEPE