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
PopdexkPEPEUSDT
0.000004300+0.0096pay 0.0012% / 1h29m 32s$108K$211K50xLong Popdex
SHORT
Deribit1000PEPE_USDC-PERPETUAL
0.00000433100.0000% / 1h29m 32s$18K$87K25xShort Deribit
Price gap+0.721%
Funding gap−0.0096% /8h

The gap pays +$72 on $10k if it goes back to zero (no 7-day history yet), but funding costs $3 a day and eats that in about 25 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding—−0.0096% /8h now · no funding history yet
Price—spread +0.721% now · no price history on both exchanges yet
Costsno datano order book for Deribit
Result, before costs—no pointsneeds funding history

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now+0.721%
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 36 exchanges

lowest funding first

Before you open

1 ok · 2 to watch
  • Note: Order book unknown—
    No order-book sample for Deribit: its slippage is not counted.
  • Note: Margin at max leverage$200 + $400
    Popdex 50x, Deribit 25x. 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: −$2.88Long Popdex: 24 payments, −$2.88; short Deribit: 24 payments, $0.00.
  • Note: No 7-day spread history+0.721%
    The gap cannot be compared with its average yet.
  • Watch: Short leg is thinner$18K vs $108K OI
    Deribit sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCPopdex No · Deribit Yes
    ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earnedno history yet: current rate−$20.16
Price spread+0.721% → 0+$72.09
Slippage, 4 ordersno data for Deribit—
Fee Popdex bp × 2 orders−$6.40
Fee Deribit bp × 2 orders−$7.00
Net, fees only · 7 days · $10k+$38.53
Costs to cover0.134%Break-evenfrom the start
Slippage: Popdex: live order book, 1 min ago; Deribit: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGPopdex6.9214.0 bp−$14117.4 bp−$1,174doesn’t fitdoesn’t fit
SELL · SHORTDeribit—————

Closing costs about the same again.
Deribit: no data.

Alert

PEPE news

posts that mention PEPE, from every exchangeSearch all news →
09-30 01:05ReyaListingkPEPERUSDPERP no longer reported ($PEPE) seen by our collector
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 ↗