Funding you earn now, next payment 01:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h +0.053%
Price spread now: Extended against edgeX+0.198%53s7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as 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−$270.266% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 3 days (all we have)−0.344%−$34 · spread now +0.198%, 7d avg −0.017%
=Together, before fees−0.327%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Extended is 0.215% dearer against edgeX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.017%. The two prices were read 53 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 0.017% in total (about 0.9% 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 | 0.000004970 | 0.0100 | pay 0.0050% / 4h | 3h 26m | $52K | $377K | 20x |
| Short | Extended 1000PEPE-USD | 0.000004980 | 0.0488 | get 0.0061% / 1h | 26m 20s | $546K | $148K | 25x |
edgeX 1000PEPEUSDC
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $81.48
- Price spread: +0.198% → −0.017%
- $21.54
- Slippage, 4 orders
- −$12.62
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $76.4
- Costs to cover
- 0.266%
- Break-even
- 0.4 days
Slippage from edgeX: live order book, 47 min ago; Extended: live order book, 47 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, 47 min ago | 0.85 bp | 5.5 bp −$5 | 9.0 bp −$90 | doesn't fit | doesn't fit |
| Sell Extended live order book, 47 min ago | 3.17 bp | 7.8 bp −$8 | 46.4 bp −$464 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0118% | 1h | 0.000004970 | +0.003% | $3.9M | $14.1M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004976 | +0.114% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004976 | +0.120% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004983 | +0.260% | $58K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004975 | +0.100% | $92.4M | $304.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004974 | +0.079% | $157.8M | $66.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004982 | +0.234% | $25.2M | $56.2M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004978 | +0.160% | $43.4M | $152.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004973 | +0.053% | $612K | $4.3M | — | as long as short |
| edgeX 1000PEPEUSDClong | +0.0100% | 4h | 0.000004970 | long leg | $52K | $377K | 20x |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004978 | +0.150% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004969 | −0.021% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004973 | +0.057% | $558K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004961 | −0.172% | $2.4M | $6.6M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0183% | 8h | 0.000004980 | +0.200% | $43.8M | $530.7M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004976 | +0.129% | $8K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0208% | 8h | 0.000004978 | +0.168% | $6K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0285% | 8h | 0.000004980 | +0.204% | $31K | $14K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0301% | 8h | 0.000004972 | +0.039% | $4.0M | $23.6M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0348% | 1h | 0.000004968 | −0.041% | $103K | $755K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004975 | +0.100% | $675K | $27.1M | 50x | as long as short |
| Lighter 1000PEPE | +0.0376% | 1h | 0.000004984 | +0.281% | $584K | $6.7M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0455% | 1h | 0.000004980 | +0.198% | $192K | $857K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0480% | 8h | 0.000004978 | +0.160% | — | $2.3M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0480% / S −0.0383% | 1h | 0.000004000 | −19.518% | $62K | — | 100x | as long as short |
| Extended 1000PEPE-USDshort | +0.0488% | 1h | 0.000004980 | +0.198% | $546K | $148K | 25x | |
| 01 Exchange kPEPEUSD | +0.0488% | 1h | 0.000004988 | +0.361% | $1K | $2K | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0488% | 1h | 0.000004977 | +0.140% | $141K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0489% | 8h | 0.000004981 | +0.226% | $98.4M | $285.3M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0489% | 8h | 0.000004982 | +0.234% | $138.9M | $1.10B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0518% | 8h | 0.000004981 | +0.219% | $1.5M | $7.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0557% | 1h | 0.000004972 | +0.029% | $94K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004937 | −0.665% | $4K | $102K | 12x | as long as short |
| Hyperliquid kPEPE | +0.0794% | 1h | 0.000004992 | +0.442% | $59.3M | $120.1M | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0958% | 1h | 0.000004973 | +0.059% | $68K | $110K | 25x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
Nado kPEPE-PERP
BingX 1000PEPE-USDC
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Hyperliquid kPEPE
Deribit 1000PEPE_USDC-PERPETUAL