Funding you earn now, next payment 04:00 UTC−0.0523%/8h= −57.3% APRpaid last 24h +0.006%
Price spread now: edgeX against Phemex+0.539%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs+$5as in the Price arb table
costs, in and out, $10k−$540.545% of the position
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 4 days (all we have)−0.923%−$92 · spread now +0.539%, 7d avg −0.057%
=Together, before fees−0.818%+ Points / potential airdropedgeX: Active · farm board−$82 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.597% dearer against Phemex than usual: you sell high and buy low (spread +0.539% now, against its 7-day average of −0.057%): +$60 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 3.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.105%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.105% in total (about 5.5% 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 | Phemex u1000PEPEUSDT | 0.000005029 | 0.0623 | pay 0.0623% / 8h | 5h 36m | $2.3M | $7.0M | 50x |
| Short | edgeX 1000PEPEUSDC | 0.000005056 | 0.0100 | get 0.0050% / 4h | 1h 36m | $27K | $423K | 20x |
Phemex u1000PEPEUSDT
edgeX 1000PEPEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$109.83
- Price spread: +0.539% → −0.057%
- $59.66
- Slippage, 4 orders
- −$33.46
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$104.64
- Costs to cover
- 0.545%
- Break-even
- from the start
Slippage from Phemex: live order book, 2 min ago; edgeX: live order book, 27 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, 2 min ago | 8.99 bp | 19.8 bp −$20 | 35.7 bp −$357 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 27 min ago | 0.88 bp | 5.5 bp −$5 | 108.0 bp −$1,080 | 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 | 0.000005018 | −0.232% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005037 | +0.161% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005027 | −0.044% | $63K | $136K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005043 | +0.272% | $98.8M | $334.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005041 | +0.235% | $165.4M | $74.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005040 | +0.215% | $25.4M | $62.1M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005042 | +0.249% | $46.3M | $171.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005050 | +0.404% | $680K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDCshort | +0.0100% | 4h | 0.000005056 | +0.539% | $27K | $423K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005045 | +0.304% | $2K | $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 | 0.000005034 | +0.101% | $575K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005043 | +0.277% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0314% | 8h | 0.000005048 | +0.374% | $46.0M | $584.1M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0316% | 8h | 0.000005047 | +0.358% | $33K | $24K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0429% | 8h | 0.000005028 | −0.024% | $4.3M | $25.1M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0547% | 1h | 0.000005025 | −0.084% | $61K | $114K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0562% | 8h | 0.000005030 | +0.018% | — | $2.3M | — | as long as short |
| SoDEX 1000PEPE-USD | +0.0568% | 1h | 0.000005027 | −0.044% | $2K | $12K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005035 | +0.115% | $834K | $30.9M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0577% / S −0.0892% | 1h | 0.000005000 | −0.581% | $49K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0604% | 8h | 0.000005047 | +0.350% | $95.4M | $288.3M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0608% | 8h | 0.000005045 | +0.307% | $141.6M | $1.20B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0608% | 1h | 0.000005032 | +0.064% | $533K | $221K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0608% | 1h | 0.000005028 | −0.024% | $142K | — | 3x | as long as short |
| Phemex u1000PEPEUSDTlong | +0.0623% | 8h | 0.000005029 | long leg | $2.3M | $7.0M | 50x | |
| Aster 1000PEPEUSDT | +0.0701% | 8h | 0.000005037 | +0.156% | $1.8M | $9.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0766% | 8h | 0.000005032 | +0.049% | $6K | — | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0772% | 1h | 0.000005053 | +0.473% | $99K | $753K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0894% | 1h | 0.000005038 | +0.174% | $183K | $866K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0911% | 1h | 0.000005025 | −0.082% | $98K | $618K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +1.507% | $4K | $102K | 12x | as long as short |
| 01 Exchange kPEPEUSD | +0.0984% | 1h | 0.000005038 | +0.175% | $608 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.1376% | 1h | 0.000005030 | +0.016% | $713K | $8.0M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1385% | 1h | 0.000005023 | −0.128% | $4.2M | $15.1M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1804% | 1h | 0.000005044 | +0.294% | $55.5M | $137.4M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
SoDEX 1000PEPE-USD
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE