Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
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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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.000004346−0.0158get 0.0020% / 1h4m 14s$149K$36K10xLong Polymarket Perps
SHORT0.000004300+0.0096get 0.0012% / 1h4m 14s$111K$145K50xShort Popdex
Price gap−1.058%
Funding gap+0.0254% /8h

Both sides work: funding pays +$8 a day on $10k, and the gap is 0.050% above its 7d average: +$5 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$11+0.0254% /8h now · paid +0.108% over the last 7D
Price+$5spread −1.058% now, avg −1.108% → +0.050% if it goes back
Costs−$320.322% of $10k · taker + slippage, in and out

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.108% in total, about +0.0051%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−1.058%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PEPE on 39 exchanges

lowest funding first

Before you open

4 ok · 1 to watch
  • OK: Fits both order books7.9 / 9.4 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$1,000 + $200
    Polymarket Perps 10x, Popdex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$7.63Long Polymarket Perps: 24 payments, +$4.75; short Popdex: 24 payments, +$2.88.
  • OK: Entry gap works for you−1.058% vs −1.108%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$111K vs $149K OI
    Popdex sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • OK: No KYC on either legPolymarket Perps No · Popdex No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0051%/8h × 21 periods+$10.77
Price spread−1.058% → −1.108% (7d avg)+$5.00
Slippage, 4 orderslive order books−$17.77
Fee Polymarket Perps bp × 2 orders−$8.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$16.41
Costs to cover0.322%Break-even17.7 days
Slippage: Polymarket Perps: live order book, 37 min ago; Popdex: live order book, 32 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPolymarket Perps2.297.9 bp−$89.9 bp−$99doesn’t fitdoesn’t fit
SELL · SHORTPopdex3.449.4 bp−$922.9 bp−$229doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

PEPE news

posts that mention PEPE, from every exchangeSearch all news →
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