Funding you earn now, next payment 00:00 UTC+0.0268%/8h= +29.3% APRpaid last 24h +0.043%
Price spread now: Coinbase International against edgeX−0.177%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 3 days (all we have)+0.144%+$14 · spread now −0.177%, 7d avg +0.037%
=Together, before fees+0.097%+ Points / potential airdropedgeX: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.214% cheaper against edgeX than usual: you would sell low and buy high (spread −0.177% now, against its 7-day average of +0.037%). If the spread goes back, that is −$21 on $10k: about 2.7 days of funding at the current rate (+$8 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% 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 | 0.000004898 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $26K | $351K | 20x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000004889 | 0.0368 | get 0.0046% / 1h | 39m 10s | $544K | $26.5M | 50x |
edgeX 1000PEPEUSDC
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $56.28
- Price spread: −0.177% → +0.037%
- −$21.37
- Slippage, 4 orders
- −$15.79
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $0.12
- Costs to cover
- 0.348%
- Break-even
- 7.0 days
Slippage from edgeX: live order book, 34 min ago; Coinbase International: live order book, 5 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, 34 min ago | 0.85 bp | 5.5 bp −$5 | 9.0 bp −$90 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 2.05 bp | 14.0 bp −$14 | 18.6 bp −$186 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0120% | 1h | 0.000004889 | −0.174% | $3.9M | $13.9M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004903 | +0.114% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004887 | −0.215% | $15K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004896 | −0.034% | $59.2M | $112.3M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004907 | +0.191% | $58K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004893 | −0.101% | $89.9M | $300.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004888 | −0.197% | $155.7M | $65.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004889 | −0.183% | $24.8M | $55.9M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004893 | −0.085% | $42.9M | $152.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004891 | −0.141% | $572K | $4.3M | — | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDClong | +0.0100% | 4h | 0.000004898 | long leg | $26K | $351K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004897 | −0.011% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004889 | −0.177% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004905 | +0.144% | $557K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004882 | −0.318% | $2.3M | $6.6M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0188% | 8h | 0.000004898 | +0.007% | $43.1M | $519.5M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004898 | −0.001% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0190% | 8h | 0.000004904 | +0.129% | $5K | $16 | 20x | as long as short |
| Lighter 1000PEPE | +0.0192% | 1h | 0.000004892 | −0.115% | $572K | $6.7M | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0302% | 8h | 0.000004886 | −0.246% | $30K | $13K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0309% | 8h | 0.000004889 | −0.177% | $4.0M | $23.1M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0368% | 1h | 0.000004889 | −0.177% | $544K | $26.5M | 50x | |
| Nado kPEPE-PERP | +0.0408% | 1h | 0.000004900 | +0.044% | $187K | $848K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0437% | 1h | 0.000004900 | +0.048% | $101K | $754K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.0440% | 1h | 0.000004897 | −0.013% | $1K | $2K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0455% / S −0.0677% | 1h | 0.000004000 | −18.328% | $46K | — | 100x | as long as short |
| BingX 1000PEPE-USDT | +0.0496% | 8h | 0.000004893 | −0.091% | — | $256.5M | — | as long as short |
| Extended 1000PEPE-USD | +0.0512% | 1h | 0.000004887 | −0.226% | $538K | $148K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0514% | 8h | 0.000004895 | −0.061% | $137.1M | $1.09B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0517% | 8h | 0.000004892 | −0.107% | $97.4M | $282.0M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0520% | 1h | 0.000004890 | −0.156% | $138K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0531% | 8h | 0.000004894 | −0.083% | $1.4M | $7.5M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0569% | 1h | 0.000004890 | −0.156% | $73K | $103K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0572% | 1h | 0.000004894 | −0.081% | $93K | $600K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004908 | +0.211% | $4K | $102K | 12x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP