After costs, if the gap returns to its 7d average, $10k+$8
spread now+0.345%7d average+0.017%fees + slippage, in and out−$25spread needed0.249%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX 1000PEPEUSDC | 0.000004977 | 0.0100 | pay 0.0050% / 4h | 2h 24m | $28K | $336K | 20x |
| Short | Backpack kPEPE_USDC_PERP | 0.000004994 | 0.0760 | get 0.0095% / 1h | 24m 49s | $98K | $516K | 15x |
Backpack kPEPE_USDC_PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $34.46
- Funding while held
- $19.8
- Slippage, 4 orders
- −$5.88
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $29.37
- Spread needed to break even
- 0.249%
Slippage from edgeX: live order book, 15 min ago; Backpack: live order book, 15 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0660%
- Per $10,000 a day
- +$19.80
- Average in range /8h
- —
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, 15 min ago | 0.91 bp | 5.6 bp −$6 | 55.6 bp −$556 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 15 min ago | 0.10 bp | 5.7 bp −$6 | 23.1 bp −$231 | doesn't fit | doesn't fit |
PEPE price on every exchange
against the cheapest. Click to use as the short leg.GMX0.000004000cheapest
Variational Omni0.000004980+24.494%ApeX Omni0.000004984+24.600%Paradex0.000004990+24.745%dYdX0.000004990+24.746%Bybit0.000004991+24.775%OKX0.000004994+24.850%Gate0.000004994+24.850%Phemex0.000004994+24.852%
GMX
Variational Omni
ApeX Omni
Paradex
dYdX
Bybit
OKX
Gate
PhemexBackpack0.000004994+24.857%
BingX0.000004995+24.865%BloFin0.000004995+24.875%gTrade (Gains Network)0.000004995+24.887%Pacifica0.000004996+24.900%KuCoin0.000004996+24.907%Binance0.000004997+24.927%Extended0.000004998+24.950%Lighter0.000004998+24.950%MEXC0.000004998+24.962%Bitget0.000004999+24.965%Hyperliquid0.000004999+24.975%SoDEX0.000004999+24.975%Coinbase International0.000004999+24.975%Deribit0.000005000+25.000%Kraken Futures0.000005000+25.000%Aster0.000005001+25.020%Orderly0.000005002+25.053%Nado0.000005002+25.053%01 Exchange0.000005004+25.100%SunX0.000005005+25.117%HTX0.000005005+25.135%Reya0.000005006+25.150%Aevo0.000005011+25.275%Injective0.000005014+25.350%
BingX
BloFin
gTrade (Gains Network)
Pacifica
KuCoin
Binance
Extended
Lighter
MEXC
Bitget
Hyperliquid
SoDEX
Coinbase International
Deribit
Kraken Futures
Aster
Orderly
Nado
SunX
HTX
Reya
Aevo
InjectivePEPE on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX PEPE/USD [ETH-USDC] | −19.633% | L +0.0184% / S −0.0041% | 1h | $59K | — | 100x | as long as short |
| edgeX 1000PEPEUSDClong | 0.000% | +0.0100% | 4h | $28K | $336K | 20x | |
| Variational Omni 1000PEPE | +0.053% | +0.0100% | 8h | $772K | $2.8M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.138% | +0.0258% | 1h | $92K | $752K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.254% | +0.0460% | 8h | $6K | $52 | 20x | as long as short |
| dYdX PEPE-USD | +0.255% | 0.0000% | 1h | $18K | $95 | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.278% | +0.0100% | 8h | $88.9M | $229.8M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.339% | +0.0100% | 8h | $42.8M | $449.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.339% | +0.0100% | 8h | $145.1M | $53.1M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.341% | +0.0332% | 8h | $2.5M | $5.9M | 50x | as long as short |