Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Bybit against Phemex+0.051%7-day average −0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$490.492% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 3 days (all we have)−0.146%−$15 · spread now +0.051%, 7d avg −0.081%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.132% dearer against Phemex than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.081%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex u1000PEPEUSDT | 0.000004900 | 0.0100 | pay 0.0100% / 8h | 7h 39m | $2.3M | $6.6M | 50x |
| Short | Bybit 1000PEPEUSDT | 0.000004902 | 0.0100 | get 0.0100% / 8h | 7h 39m | $90.0M | $300.8M | 50x |
Phemex u1000PEPEUSDT
Bybit 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Phemex. 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
- $0
- Price spread: +0.051% → −0.081%
- $13.18
- Slippage, 4 orders
- −$26.23
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$36.05
- Costs to cover
- 0.492%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Bybit: live order book, 4 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 Phemex live order book, 4 min ago | 4.71 bp | 21.3 bp −$21 | 34.7 bp −$347 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.03 bp | 8.1 bp −$8 | 10.7 bp −$107 | 32.9 bp −$3,293 | 298.6 bp −$149.3K |
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 | −0.0119% | 1h | 0.000004905 | +0.097% | $3.9M | $13.9M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004895 | −0.095% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004901 | +0.024% | $15K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004911 | +0.227% | $60.4M | $111.1M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004898 | −0.039% | $57K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDTshort | +0.0100% | 8h | 0.000004902 | +0.051% | $90.0M | $300.8M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004904 | +0.084% | $156.0M | $65.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004905 | +0.098% | $24.8M | $56.1M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004907 | +0.143% | $43.1M | $152.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004891 | −0.187% | $572K | $4.3M | — | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
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 1000PEPEUSDC | +0.0100% | 4h | 0.000004881 | −0.382% | $26K | $350K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004912 | +0.247% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004901 | +0.022% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004905 | +0.104% | $557K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDTlong | +0.0100% | 8h | 0.000004900 | long leg | $2.3M | $6.6M | 50x | |
| Lighter 1000PEPE | +0.0176% | 1h | 0.000004907 | +0.145% | $574K | $6.7M | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004901 | +0.031% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0189% | 8h | 0.000004907 | +0.145% | $43.3M | $520.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0189% | 8h | 0.000004905 | +0.111% | $5K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0303% | 8h | 0.000004906 | +0.133% | $30K | $13K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0312% | 8h | 0.000004897 | −0.059% | $4.0M | $23.1M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004903 | +0.063% | $549K | $26.5M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0399% | 1h | 0.000004901 | +0.026% | $187K | $849K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0432% | 1h | 0.000004908 | +0.165% | $1K | $2K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0453% / S −0.0673% | 1h | 0.000004000 | −18.366% | $46K | — | 100x | as long as short |
| BingX 1000PEPE-USDC | +0.0504% | 8h | 0.000004904 | +0.090% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDT | +0.0517% | 8h | 0.000004903 | +0.067% | $97.9M | $281.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0518% | 8h | 0.000004909 | +0.181% | $137.5M | $1.09B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0520% | 1h | 0.000004906 | +0.132% | $538K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0520% | 1h | 0.000004904 | +0.084% | $139K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0532% | 8h | 0.000004908 | +0.176% | $1.5M | $7.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0584% | 1h | 0.000004902 | +0.051% | $92K | $599K | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0588% | 1h | 0.000004871 | −0.590% | $101K | $754K | 25x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004898 | −0.039% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0770% | 1h | 0.000004906 | +0.124% | $74K | $103K | 25x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Lighter 1000PEPE
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
BingX 1000PEPE-USDC
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL