Funding you earn now, next payment 09:00 UTC+0.0431%/8h= +47.2% APRpaid last 24h +0.102%
Price spread now: Deribit against edgeX−0.200%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$300.300% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)+0.539%+$54 · spread now −0.200%, 7d avg −0.010%
=Together, before fees+0.549%+ Points / potential airdropedgeX: Active · farm board+$55 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.190% cheaper against edgeX than usual: you would sell low and buy high (spread −0.200% now, against its 7-day average of −0.010%). If the spread goes back, that is −$19 on $10k: about 35 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.010% in total) that is about 5 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.010% in total (about 0.5% 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 | edgeX 1000PEPEUSDC | 0.000005134 | 0.0100 | pay 0.0050% / 4h | 3h 42m | $28K | $551K | 20x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005124 | 0.0531 | get 0.0066% / 1h | 42m 35s | $73K | $128K | 25x |
edgeX 1000PEPEUSDC
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $90.56
- Price spread: −0.200% → −0.010%
- −$18.96
- Slippage, 4 orders
- −$13.95
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $41.65
- Costs to cover
- 0.300%
- Break-even
- 3.8 days
Slippage from edgeX: live order book, 56 min ago; Deribit: live order book, 21 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, 56 min ago | 0.97 bp | 5.6 bp −$6 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 21 min ago | 4.86 bp | 10.3 bp −$10 | 19.5 bp −$195 | 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 | 0.000005112 | −0.432% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005122 | −0.243% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005119 | −0.297% | $60K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005114 | −0.394% | $98.5M | $435.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005115 | −0.375% | $162.5M | $99.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005122 | −0.245% | $642K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDClong | +0.0100% | 4h | 0.000005134 | long leg | $28K | $551K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005135 | +0.022% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005131 | −0.058% | $600K | $4.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005125 | −0.178% | $2.4M | $8.1M | 50x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
SunX 1000PEPE-USDT
HTX PEPE-USDT
Phemex u1000PEPEUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0145% | 1h | 0.000005126 | −0.161% | $2K | $11K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005128 | −0.122% | $7K | $121K | 12x | as long as short |
| KuCoin PEPEUSDTM | +0.0161% | 8h | 0.000005118 | −0.311% | $26.7M | $74.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005123 | −0.215% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0214% | 8h | 0.000005116 | −0.352% | $46.2M | $222.2M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0336% | 8h | 0.000005114 | −0.394% | $47.0M | $747.9M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0374% | 1h | 0.000005128 | −0.122% | $149K | $837K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0427% | 8h | 0.000005118 | −0.322% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0432% | 8h | 0.000005125 | −0.174% | $34K | $26K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0452% | 1h | 0.000005125 | −0.180% | $76K | $895K | 15x | as long as short |
| BloFin PEPE-USDT | +0.0457% | 8h | 0.000005121 | −0.258% | $4.5M | $30.4M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005132 | −0.044% | $668K | $39.9M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0521% | 1h | 0.000005122 | −0.239% | $53.0M | $160.3M | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0531% | 1h | 0.000005124 | −0.200% | $73K | $128K | 25x | |
| 01 Exchange kPEPEUSD | +0.0552% | 1h | 0.000005122 | −0.239% | $618 | $2K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0619% | 1h | 0.000005122 | −0.229% | $4.8M | $16.5M | 50x | as long as short |
| Lighter 1000PEPE | +0.0624% | 1h | 0.000005124 | −0.200% | $615K | $9.0M | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0646% | 8h | 0.000005121 | −0.268% | — | $2.3M | — | as long as short |
| Nado kPEPE-PERP | +0.0665% | 1h | 0.000005118 | −0.312% | $164K | $965K | 10x | as long as short |
| Binance 1000PEPEUSDT | +0.0669% | 8h | 0.000005117 | −0.328% | $141.3M | $1.51B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0672% | 1h | 0.000005116 | −0.361% | $539K | $280K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0672% | 8h | 0.000005117 | −0.330% | $100.7M | $306.6M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0672% | 1h | 0.000005129 | −0.102% | $145K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0685% | 8h | 0.000005120 | −0.287% | $1.7M | $12.0M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1019% / S −0.1149% | 1h | 0.000005000 | −2.615% | $51K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
Injective PEPE/USDC PERP
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
Hyperliquid kPEPE
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE
BingX 1000PEPE-USDC
Nado kPEPE-PERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]