Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

PEPE

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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Phemexu1000PEPEUSDT
0.000004196−0.0044get 0.0044% / 8h6h 42m$2.4M$5.3M50xLong Phemex
SHORT
PopdexkPEPEUSDT
0.000004100+0.0096get 0.0012% / 1h42m 25s$101K$228K50xShort Popdex
Price gap−2.286%
Funding gap+0.0140% /8h

Funding pays +$4 a day on $10k, but the gap is 1.085% under its 7d average: −$108 if it goes back, about 26 days of funding. At the last 7 days' pace that is about 2 months.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$10+0.0140% /8h now · paid +0.096% over the last 5 days (all we have)
Price−$108spread −2.286% now, avg −1.201% → −1.085% if it goes back
Costs−$590.588% of $10k · taker + slippage, in and out
Result−$158−1.58%no pointsWhat the last 7D really paid, hour by hour → backtest

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Popdex price against Phemexnow
RANGE STATS · 7D
Now−2.286%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PEPE on 36 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Thin at this size8.6 / 17.6 bp
    At $10k entering Popdex costs 17.6 bp, fee and slippage, 2.1× Phemex’s.
  • Note: Margin at max leverage$200 + $200
    Phemex 50x, Popdex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$4.20Long Phemex: 3 payments, +$1.32; short Popdex: 24 payments, +$2.88.
  • Watch: Gap narrower than usual−2.286% vs −1.201%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$101K vs $2.4M OI
    Popdex sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCPhemex Yes · Popdex No
    KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0060%/8h × 21 periods+$12.60
Price spread−2.286% → −1.201% (7d avg)−$108.47
Slippage, 4 orderslive order books−$40.37
Fee Phemex bp × 2 orders−$12.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$154.64
Costs to cover0.588%Break-even92.9 days
Slippage: Phemex: live order book, 6 min ago; Popdex: live order book, 40 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhemex2.498.6 bp−$925.6 bp−$256doesn’t fitdoesn’t fit
SELL · SHORTPopdex4.7217.6 bp−$18179.6 bp−$1,796doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

PEPE news

posts that mention PEPE, from every exchangeSearch all news →
09-28 17:53PhoenixListingNow live on Phoenix: $SHIB - 10x leverage $PEPE - 10x leverage @PhoenixTrade on X ↗
09-24 15:00PhoenixListingnew market kPEPE ($PEPE) seen by our collector
09-23 09:30PhemexOtherBTC is green. But the alts are doing the talking. $XRP +9.11% $PEPE +18.55% $ZEC +6.56% $NEAR +4.14% 👀 What are you watching? The next 100x gems? Comments below👇 @Phemex_official on X ↗