Funding you earn now, next payment 07:00 UTC−0.0190%/8h= −20.8% APRpaid last 24h −0.098%
Price spread now: Phemex against Extended−0.045%7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$470.467% of the position
Funding, last 7 days−0.156%−$16 on $10k
+Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.045%, 7d avg +0.047%
=Together, before fees+0.005%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Phemex is 0.092% cheaper against Extended than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.047%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended 1000PEPE-USD | 0.000005102 | 0.0768 | pay 0.0096% / 1h | 26m 53s | $538K | $280K | 25x |
| Short | Phemex u1000PEPEUSDT | 0.000005099 | 0.0578 | get 0.0578% / 8h | 1h 26m | $2.4M | $8.0M | 50x |
Extended 1000PEPE-USD
Phemex u1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Extended. 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
- −$39.96
- Price spread: −0.045% → +0.047%
- −$9.17
- Slippage, 4 orders
- −$29.75
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$95.88
- Costs to cover
- 0.467%
- Break-even
- never at this rate
Slippage from Extended: live order book, 16 min ago; Phemex: live order book, 2 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 Extended live order book, 16 min ago | 2.91 bp | 7.3 bp −$7 | 41.0 bp −$410 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 0.49 bp | 18.5 bp −$19 | 36.4 bp −$364 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005086 | −0.306% | $9K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005083 | −0.363% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005077 | −0.474% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005092 | −0.188% | $59K | $181K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005104 | +0.047% | $99.5M | $419.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005100 | −0.031% | $162.3M | $97.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005107 | +0.104% | $25.9M | $72.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005079 | −0.451% | $595K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005095 | −0.138% | $28K | $541K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005097 | −0.092% | $2K | $2.7M | 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
edgeX 1000PEPEUSDC
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 | 0.000005089 | −0.253% | $589K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0188% | 1h | 0.000005095 | −0.129% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005091 | −0.213% | $8K | — | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0283% | 1h | 0.000005098 | −0.071% | $154K | $822K | 25x | as long as short |
| Bitget PEPEUSDT | +0.0288% | 8h | 0.000005106 | +0.086% | $45.6M | $215.7M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0392% | 8h | 0.000005094 | −0.157% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0408% | 8h | 0.000005104 | +0.047% | $47.3M | $724.6M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0423% | 1h | 0.000005101 | −0.008% | $74K | $859K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0458% | 1h | 0.000005094 | −0.142% | $4.6M | $16.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0502% | 8h | 0.000005090 | −0.235% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0531% | 8h | 0.000005094 | −0.149% | $4.5M | $29.3M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0536% | 1h | 0.000005093 | −0.169% | $73K | $127K | 25x | as long as short |
| Phemex u1000PEPEUSDTshort | +0.0578% | 8h | 0.000005099 | −0.045% | $2.4M | $8.0M | 50x | |
| Lighter 1000PEPE | +0.0624% | 1h | 0.000005104 | +0.047% | $608K | $9.1M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005088 | −0.267% | $684K | $38.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0656% | 1h | 0.000005089 | −0.247% | $813 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0727% | 8h | 0.000005103 | +0.022% | — | $217.7M | — | as long as short |
| Nado kPEPE-PERP | +0.0763% | 1h | 0.000005087 | −0.286% | $164K | $959K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0766% | 8h | 0.000005105 | +0.062% | $1.7M | $11.8M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0766% | 8h | 0.000005102 | +0.018% | $98.8M | $304.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0767% | 8h | 0.000005105 | +0.069% | $140.6M | $1.46B | 75x | as long as short |
| Extended 1000PEPE-USDlong | +0.0768% | 1h | 0.000005102 | long leg | $538K | $280K | 25x | |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005095 | −0.129% | $144K | — | 3x | as long as short |
| Hyperliquid kPEPE | +0.0943% | 1h | 0.000005108 | +0.125% | $52.8M | $156.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1131% / S −0.2257% | 1h | 0.000005000 | −1.992% | $63K | — | 100x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
ApeX Omni 1000PEPEUSDT
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
BingX 1000PEPE-USDT
Nado kPEPE-PERP
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]