Funding you earn now, next payment 03:00 UTC+0.0443%/8h= +48.5% APRpaid last 24h +0.046%
Price spread now: Deribit against edgeX−0.275%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$300.299% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)+0.615%+$61 · spread now −0.275%, 7d avg +0.019%
=Together, before fees+0.578%+ Points / potential airdropedgeX: Active · farm board+$58 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.295% cheaper against edgeX than usual: you would sell low and buy high (spread −0.275% now, against its 7-day average of +0.019%). If the spread goes back, that is −$29 on $10k: about 2.2 days of funding at the current rate (+$13 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% 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 | 0.000005064 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $27K | $422K | 20x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005050 | 0.0543 | get 0.0068% / 1h | 40m 51s | $61K | $114K | 25x |
edgeX 1000PEPEUSDC
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $92.97
- Price spread: −0.275% → +0.019%
- −$29.47
- Slippage, 4 orders
- −$13.91
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $33.59
- Costs to cover
- 0.299%
- Break-even
- 4.5 days
Slippage from edgeX: live order book, 23 min ago; Deribit: live order book, 53 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, 23 min ago | 0.88 bp | 5.5 bp −$5 | 8.7 bp −$87 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 53 min ago | 5.97 bp | 9.5 bp −$9 | doesn't fit | 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 | 0.000005046 | −0.355% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005046 | −0.349% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005053 | −0.216% | $64K | $135K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005055 | −0.175% | $98.7M | $333.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005061 | −0.058% | $165.9M | $73.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005060 | −0.076% | $25.5M | $62.1M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005061 | −0.052% | $46.5M | $171.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005050 | −0.285% | $680K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDClong | +0.0100% | 4h | 0.000005064 | long leg | $27K | $422K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005059 | −0.102% | $1K | $2.4M | 20x | 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
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 | 0.000005054 | −0.196% | $577K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005051 | −0.246% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0301% | 8h | 0.000005061 | −0.058% | $46.0M | $584.8M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0314% | 8h | 0.000005052 | −0.236% | $33K | $24K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0420% | 8h | 0.000005057 | −0.137% | $4.4M | $25.2M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0543% | 1h | 0.000005050 | −0.275% | $61K | $114K | 25x | |
| BingX 1000PEPE-USDT | +0.0562% | 8h | 0.000005059 | −0.090% | — | $260.8M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0569% / S −0.0874% | 1h | 0.000005000 | −1.263% | $49K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005053 | −0.216% | $836K | $31.0M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0583% | 1h | 0.000005053 | −0.216% | $2K | $12K | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0592% | 1h | 0.000005053 | −0.216% | $143K | — | 3x | as long as short |
| Extended 1000PEPE-USD | +0.0600% | 1h | 0.000005062 | −0.042% | $536K | $221K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0601% | 8h | 0.000005060 | −0.074% | $96.2M | $287.6M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0601% | 8h | 0.000005063 | −0.019% | $142.0M | $1.20B | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0657% | 8h | 0.000005062 | −0.044% | $2.4M | $7.0M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0696% | 8h | 0.000005061 | −0.054% | $1.8M | $9.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0748% | 8h | 0.000005051 | −0.261% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0919% | 1h | 0.000005055 | −0.180% | $184K | $866K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0940% | 1h | 0.000005059 | −0.094% | $100K | $617K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +0.811% | $4K | $102K | 12x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0992% | 1h | 0.000005065 | +0.021% | $99K | $752K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.1000% | 1h | 0.000005056 | −0.157% | $610 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1377% | 1h | 0.000005053 | −0.208% | $4.2M | $15.1M | 50x | as long as short |
| Lighter 1000PEPE | +0.1584% | 1h | 0.000005057 | −0.137% | $718K | $8.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.1814% | 1h | 0.000005068 | +0.080% | $55.7M | $137.4M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
SoDEX 1000PEPE-USD
Aevo 1000PEPE-PERP
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Phemex u1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
ApeX Omni 1000PEPEUSDT
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE