Funding you earn now, next payment 12:00 UTC+0.0283%/8h= +31.0% APRpaid last 24h +0.032%
Price spread now: Phemex against edgeX−0.607%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$570.572% of the position
Funding, last 7 days−0.025%−$3 on $10k
+Price spread, last 4 days (all we have)+0.991%+$99 · spread now −0.607%, 7d avg +0.029%
=Together, before fees+0.966%+ Points / potential airdropedgeX: Active · farm board+$97 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phemex is 0.636% cheaper against edgeX than usual: you would sell low and buy high (spread −0.607% now, against its 7-day average of +0.029%). If the spread goes back, that is −$64 on $10k: about 7.5 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 -0.025% in total (about -1.3% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX 1000PEPEUSDC | 0.000005032 | 0.0100 | pay 0.0050% / 4h | 3h 12m | $28K | $568K | 20x |
| Short | Phemex u1000PEPEUSDT | 0.000005002 | 0.0383 | get 0.0383% / 8h | 7h 12m | $2.3M | $8.1M | 50x |
edgeX 1000PEPEUSDC
Phemex u1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $59.48
- Price spread: −0.607% → +0.029%
- −$63.64
- Slippage, 4 orders
- −$36.22
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$61.37
- Costs to cover
- 0.572%
- Break-even
- 14.2 days
Slippage from edgeX: live order book, 21 min ago; Phemex: live order book, 6 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, 21 min ago | 1.28 bp | 6.1 bp −$6 | 102.7 bp −$1,027 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 7.28 bp | 18.3 bp −$18 | 32.9 bp −$329 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004994 | −0.758% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005016 | −0.325% | $57K | $195K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005006 | −0.530% | $97.4M | $446.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005001 | −0.623% | $159.7M | $102.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005037 | +0.088% | $664K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDClong | +0.0100% | 4h | 0.000005032 | long leg | $28K | $568K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005006 | −0.516% | $1K | $2.7M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004999 | −0.663% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005009 | −0.472% | $584K | $4.3M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005025 | −0.146% | $6K | $121K | 12x | as long as short |
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Injective PEPE/USDC PERPShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0150% | 1h | 0.000004998 | −0.683% | $71K | $125K | 25x | as long as short |
| KuCoin PEPEUSDTM | +0.0151% | 8h | 0.000005004 | −0.562% | $25.5M | $75.8M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0165% | 8h | 0.000005002 | −0.607% | $44.7M | $226.6M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0179% | 1h | 0.000005024 | −0.166% | $147K | $845K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005002 | −0.599% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0307% | 8h | 0.000005006 | −0.524% | $46.0M | $743.8M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0343% | 1h | 0.000005008 | −0.484% | $51.7M | $161.7M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0346% | 8h | 0.000005015 | −0.340% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0371% | 1h | 0.000005005 | −0.536% | $66K | $957K | 15x | as long as short |
| Phemex u1000PEPEUSDTshort | +0.0383% | 8h | 0.000005002 | −0.607% | $2.3M | $8.1M | 50x | |
| Lighter 1000PEPE | +0.0408% | 1h | 0.000005002 | −0.603% | $592K | $9.1M | 10x | as long as short |
| BloFin PEPE-USDT | +0.0430% | 8h | 0.000004999 | −0.663% | $4.3M | $30.1M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0439% | 8h | 0.000005001 | −0.621% | $32K | $30K | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0480% | 1h | 0.000005014 | −0.365% | $605 | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000004996 | −0.723% | $673K | $39.7M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0612% | 8h | 0.000005005 | −0.542% | — | $2.3M | — | as long as short |
| Nado kPEPE-PERP | +0.0613% | 1h | 0.000005004 | −0.554% | $154K | $949K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0616% | 1h | 0.000004999 | −0.657% | $525K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0616% | 1h | 0.000004999 | −0.663% | $141K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0619% | 8h | 0.000005001 | −0.623% | $98.5M | $312.4M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0619% | 8h | 0.000005007 | −0.508% | $133.2M | $1.55B | 75x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0635% | 1h | 0.000004995 | −0.739% | $4.6M | $17.1M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0639% | 8h | 0.000005005 | −0.552% | $1.7M | $12.2M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0971% / S −0.1091% | 1h | 0.000004000 | −20.514% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.3988% | 1h | 0.000005009 | −0.461% | $25K | $12K | 10x | as long as short |
Deribit 1000PEPE_USDC-PERPETUAL
KuCoin PEPEUSDTM
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Hyperliquid kPEPE
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Nado kPEPE-PERP
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD