Funding you earn now, next payment 08:00 UTC−0.0471%/8h= −51.6% APRpaid last 24h +0.006%
Price spread now: edgeX against Phemex−0.258%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$660.657% of the position
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 4 days (all we have)+0.195%+$20 · spread now −0.258%, 7d avg −0.030%
=Together, before fees+0.300%+ Points / potential airdropedgeX: Active · farm board+$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and edgeX is 0.228% cheaper against Phemex than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.030%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.105%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.105% in total (about 5.5% 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 | Phemex u1000PEPEUSDT | 0.000005169 | 0.0571 | pay 0.0571% / 8h | 1h 44m | $2.4M | $8.0M | 50x |
| Short | edgeX 1000PEPEUSDC | 0.000005156 | 0.0100 | get 0.0050% / 4h | 1h 44m | $28K | $542K | 20x |
Phemex u1000PEPEUSDT
edgeX 1000PEPEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phemex. 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
- −$98.98
- Price spread: −0.258% → −0.030%
- −$22.79
- Slippage, 4 orders
- −$44.69
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$187.46
- Costs to cover
- 0.657%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; edgeX: live order book, 64 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 Phemex live order book, 5 min ago | 12.79 bp | 25.4 bp −$25 | 29.6 bp −$296 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 64 min ago | 0.99 bp | 5.6 bp −$6 | 8.6 bp −$86 | 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 | 0.000005128 | −0.803% | $10K | $119K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005170 | +0.009% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005160 | −0.174% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005172 | +0.048% | $60K | $180K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005154 | −0.302% | $101.6M | $415.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005163 | −0.126% | $164.5M | $96.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005167 | −0.043% | $26.0M | $72.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005133 | −0.714% | $612K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDCshort | +0.0100% | 4h | 0.000005156 | −0.258% | $28K | $542K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005164 | −0.108% | $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 | 0.000005165 | −0.083% | $596K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0133% | 1h | 0.000005164 | −0.106% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005166 | −0.063% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0299% | 8h | 0.000005154 | −0.302% | $46.1M | $214.5M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0382% | 8h | 0.000005160 | −0.192% | $34K | $26K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0401% | 1h | 0.000005172 | +0.056% | $76K | $854K | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0417% | 8h | 0.000005157 | −0.242% | $48.5M | $726.9M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0453% | 1h | 0.000005153 | −0.320% | $4.7M | $16.8M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0505% | 8h | 0.000005171 | +0.037% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0526% | 1h | 0.000005159 | −0.203% | $74K | $127K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0542% | 8h | 0.000005170 | +0.010% | $4.6M | $29.7M | 75x | as long as short |
| Phemex u1000PEPEUSDTlong | +0.0571% | 8h | 0.000005169 | long leg | $2.4M | $8.0M | 50x | |
| ApeX Omni 1000PEPEUSDT | +0.0577% | 1h | 0.000005157 | −0.242% | $156K | $821K | 25x | as long as short |
| Lighter 1000PEPE | +0.0584% | 1h | 0.000005171 | +0.029% | $622K | $9.0M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005163 | −0.126% | $680K | $38.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0656% | 1h | 0.000005173 | +0.068% | $624 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0730% | 1h | 0.000005162 | −0.147% | $164K | $957K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0740% | 8h | 0.000005165 | −0.089% | — | $217.5M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005158 | −0.222% | $146K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0770% | 8h | 0.000005170 | 0.000% | $99.4M | $303.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0773% | 8h | 0.000005167 | −0.055% | $143.1M | $1.45B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0776% | 1h | 0.000005156 | −0.264% | $547K | $286K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0785% | 8h | 0.000005167 | −0.043% | $1.8M | $11.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0987% | 1h | 0.000005171 | +0.029% | $55.3M | $154.7M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2351% | 1h | 0.000005000 | −3.279% | $64K | — | 100x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDT
ApeX Omni 1000PEPEUSDT
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]