Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0716%/8h= +78.4% APRpaid last 24h +0.025%
Price spread now: Extended against edgeX+0.061%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$270.265% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.006%−$1 on $10k
Price spread, last 3 days (all we have)−0.272%−$27 · spread now +0.061%, 7d avg −0.014%
Together, before fees−0.278%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Extended is 0.076% dearer against edgeX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.014%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX 1000PEPEUSDC0.0000048040.0100pay 0.0050% / 4h2h 33m$27K$338K20x
ShortExtended 1000PEPE-USD0.0000048070.0816get 0.0102% / 1h33m 22s$529K$147K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against edgeX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$150.36
Price spread: +0.061% → −0.014%
$7.57
Slippage, 4 orders
−$12.53
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$131.4
Costs to cover
0.265%
Break-even
0.9 days
Slippage from edgeX: live order book, 55 min ago; Extended: live order book, 54 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 55 min ago0.92 bp5.5 bp −$58.9 bp −$89doesn't fitdoesn't fit
Sell Extended live order book, 54 min ago3.05 bp7.7 bp −$845.4 bp −$454doesn't fitdoesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000004812+0.178%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004801−0.063%$14K150xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004810+0.131%$56.9M$70.0M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004819+0.318%$59K$113K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004804+0.006%$88.5M$273.2M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004807+0.068%$148.9M$61.8M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004809+0.114%$23.7M$52.3M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004799−0.091%$705K$3.7Mas long as short
edgeX 1000PEPEUSDClong+0.0100%4h0.000004804long leg$27K$338K20x
SunX 1000PEPE-USDT+0.0100%8h0.000004826+0.464%$1K$2.4M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000004801−0.050%$553K$3.6M75xas long as short
OKX PEPE-USDT-SWAP+0.0128%8h0.000004808+0.089%$41.4M$488.5M50xas long as short
Bitget PEPEUSDT+0.0169%8h0.000004807+0.066%$43.3M$152.1M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004810+0.133%$7K15xas long as short
BloFin PEPE-USDT+0.0241%8h0.000004806+0.047%$3.9M$21.7M75xas long as short
Lighter 1000PEPE+0.0288%1h0.000004819+0.318%$593K$5.1M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0318% / S −0.0217%1h0.000004000−16.731%$52K100xas long as short
Paradex kPEPE-USD-PERP+0.0373%8h0.000004810+0.139%$5K$1620xas long as short
Orderly PERP_1000PEPE_USDC+0.0377%8h0.000004808+0.081%$30K$11K20xas long as short
Backpack kPEPE_USDC_PERP+0.0450%1h0.000004808+0.083%$95K$623K15xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0464%1h0.000004804+0.006%$584K$25.4M50xas long as short
Phemex u1000PEPEUSDT+0.0474%8h0.000004805+0.027%$2.3M$6.3M50xas long as short
Injective PEPE/USDC PERP+0.0555%1h0.000004814+0.214%$4K$92K12xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0583%1h0.000004807+0.068%$81K$94K25xas long as short
SoDEX 1000PEPE-USD+0.0627%1h0.000004808+0.089%$2K$9K10xas long as short
ApeX Omni 1000PEPEUSDT+0.0670%1h0.000004816+0.256%$100K$758K25xas long as short
Nado kPEPE-PERP+0.0670%1h0.000004815+0.226%$180K$859K10xas long as short
Kraken Futures PF_PEPEUSD+0.0762%1h0.000004808+0.090%$3.9M$13.0M50xas long as short
BingX 1000PEPE-USDT+0.0767%8h0.000004810+0.131%$254.8Mas long as short
MEXC PEPE_USDT+0.0814%8h0.000004811+0.147%$90.1M$289.6M300xas long as short
Binance 1000PEPEUSDT+0.0815%8h0.000004810+0.131%$127.5M$1.02B75xas long as short
Extended 1000PEPE-USDshort+0.0816%1h0.000004807+0.061%$529K$147K25x
Aevo 1000PEPE-PERP+0.0816%1h0.000004811+0.152%$136K3xas long as short
Aster 1000PEPEUSDT+0.0855%8h0.000004817+0.280%$1.5M$6.7M50xas long as short
01 Exchange kPEPEUSD+0.1232%1h0.000004823+0.401%$552$2K10xas long as short