Funding you earn now, next payment 06:00 UTC+0.0524%/8h= +57.4% APRpaid last 24h +0.079%
Price spread now: Coinbase International against edgeX−0.310%77s7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$340.342% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.277%+$28 · spread now −0.310%, 7d avg +0.003%
=Together, before fees+0.266%+ Points / potential airdropedgeX: Active · farm board+$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.313% cheaper against edgeX than usual: you would sell low and buy high (spread −0.310% now, against its 7-day average of +0.003%). If the spread goes back, that is −$31 on $10k: about 48 hours of funding at the current rate (+$16 a day). The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% 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 | edgeX 1000PEPEUSDC | 0.000005149 | 0.0100 | pay 0.0050% / 4h | 1h 46m | $28K | $542K | 20x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000005133 | 0.0624 | get 0.0078% / 1h | 46m 22s | $677K | $38.5M | 50x |
edgeX 1000PEPEUSDC
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against edgeX. 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
- $110.04
- Price spread: −0.310% → +0.003%
- −$31.29
- Slippage, 4 orders
- −$15.21
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $44.54
- Costs to cover
- 0.342%
- Break-even
- 4.2 days
Slippage from edgeX: live order book, 62 min ago; Coinbase International: live order book, 3 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 edgeX live order book, 62 min ago | 0.99 bp | 5.6 bp −$6 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 3.88 bp | 12.9 bp −$13 | 19.5 bp −$195 | 57.5 bp −$5,752 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005164 | +0.292% | $10K | $119K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005147 | −0.029% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005128 | −0.407% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005155 | +0.117% | $60K | $180K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005132 | −0.333% | $101.2M | $415.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005131 | −0.349% | $163.4M | $96.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005131 | −0.353% | $25.8M | $72.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005155 | +0.110% | $615K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDClong | +0.0100% | 4h | 0.000005149 | long leg | $28K | $542K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005138 | −0.217% | $2K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
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 | 0.000005154 | +0.104% | $594K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0117% | 1h | 0.000005156 | +0.137% | $2K | $11K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0140% | 1h | 0.000005133 | −0.310% | $73K | $127K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005129 | −0.392% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0300% | 8h | 0.000005138 | −0.213% | $46.0M | $214.3M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0315% | 1h | 0.000005149 | +0.001% | $156K | $820K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0381% | 8h | 0.000005139 | −0.193% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0416% | 8h | 0.000005137 | −0.232% | $48.3M | $722.6M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0430% | 1h | 0.000005153 | +0.075% | $73K | $849K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0455% | 1h | 0.000005130 | −0.372% | $4.7M | $16.8M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0512% | 8h | 0.000005157 | +0.152% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0544% | 8h | 0.000005158 | +0.176% | $4.6M | $29.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0575% | 8h | 0.000005159 | +0.199% | $2.4M | $8.0M | 50x | as long as short |
| Lighter 1000PEPE | +0.0616% | 1h | 0.000005154 | +0.098% | $620K | $9.0M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0624% | 1h | 0.000005133 | −0.310% | $677K | $38.5M | 50x | |
| 01 Exchange kPEPEUSD | +0.0648% | 1h | 0.000005145 | −0.077% | $621 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0745% | 1h | 0.000005134 | −0.293% | $162K | $956K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0749% | 8h | 0.000005130 | −0.360% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0773% | 8h | 0.000005134 | −0.284% | $141.8M | $1.45B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0774% | 8h | 0.000005132 | −0.322% | $98.8M | $302.8M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0776% | 1h | 0.000005136 | −0.253% | $544K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0776% | 1h | 0.000005137 | −0.232% | $145K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0787% | 8h | 0.000005136 | −0.256% | $1.8M | $11.6M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0943% | 1h | 0.000005136 | −0.252% | $54.9M | $154.6M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1132% / S −0.2351% | 1h | 0.000005000 | −2.893% | $63K | — | 100x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Lighter 1000PEPE
01 Exchange kPEPEUSD
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]