Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: Bybit against edgeX−0.059%91s7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as 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−$280.277% of the position
Funding, last 7 days−0.131%−$13 on $10k
+Price spread, last 4 days (all we have)−0.274%−$27 · spread now −0.059%, 7d avg −0.027%
=Together, before fees−0.406%+ Points / potential airdropedgeX: Active · farm board−$41 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.033% cheaper against edgeX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.027%. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX 1000PEPEUSDC | 0.000005112 | 0.0100 | pay 0.0050% / 4h | 3h 38m | $28K | $549K | 20x |
| Short | Bybit 1000PEPEUSDT | 0.000005109 | 0.0100 | get 0.0100% / 8h | 7h 38m | $98.5M | $436.5M | 50x |
edgeX 1000PEPEUSDC
Bybit 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.059% → −0.027%
- −$3.25
- Slippage, 4 orders
- −$7.67
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$30.92
- Costs to cover
- 0.277%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 61 min ago; Bybit: live order book, 1 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, 61 min ago | 0.97 bp | 5.6 bp −$6 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.98 bp | 8.3 bp −$8 | 12.6 bp −$126 | 28.7 bp −$2,867 | 170.1 bp −$85.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005089 | −0.433% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005084 | −0.539% | $59K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDTshort | +0.0100% | 8h | 0.000005109 | −0.059% | $98.5M | $436.5M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005098 | −0.265% | $161.8M | $99.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005099 | −0.252% | $638K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDClong | +0.0100% | 4h | 0.000005112 | long leg | $28K | $549K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005105 | −0.130% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005080 | −0.617% | $598K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0132% | 1h | 0.000005101 | −0.206% | $2K | $11K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005084 | −0.539% | $7K | $121K | 12x | as long as short |
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Gate PEPE_USDT
Variational Omni 1000PEPE
SunX 1000PEPE-USDT
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Injective PEPE/USDC PERPShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0165% | 8h | 0.000005099 | −0.237% | $26.6M | $74.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005102 | −0.192% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0207% | 8h | 0.000005110 | −0.020% | $46.0M | $222.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0330% | 8h | 0.000005109 | −0.049% | $46.7M | $748.9M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0381% | 1h | 0.000005107 | −0.089% | $149K | $838K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0403% | 1h | 0.000005112 | +0.003% | $98K | $907K | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0413% | 8h | 0.000005086 | −0.507% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0435% | 8h | 0.000005097 | −0.276% | $33K | $27K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0453% | 8h | 0.000005102 | −0.190% | $2.3M | $8.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0456% | 8h | 0.000005088 | −0.460% | $4.4M | $30.3M | 75x | as long as short |
| Hyperliquid kPEPE | +0.0492% | 1h | 0.000005113 | +0.029% | $53.0M | $160.3M | 10x | as long as short |
| dYdX PEPE-USD | +0.0501% | 1h | 0.000005084 | −0.535% | $19K | $649 | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005085 | −0.519% | $675K | $39.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0528% | 1h | 0.000005094 | −0.343% | $614 | $2K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0535% | 1h | 0.000005098 | −0.265% | $73K | $128K | 25x | as long as short |
| Lighter 1000PEPE | +0.0544% | 1h | 0.000005106 | −0.108% | $610K | $9.0M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0622% | 1h | 0.000005098 | −0.272% | $4.8M | $16.7M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0641% | 8h | 0.000005110 | −0.032% | — | $176.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0656% | 1h | 0.000005108 | −0.064% | $537K | $280K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0657% | 8h | 0.000005112 | +0.003% | $140.8M | $1.51B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0661% | 8h | 0.000005112 | +0.003% | $101.0M | $307.2M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0664% | 1h | 0.000005097 | −0.284% | $144K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0675% | 8h | 0.000005108 | −0.059% | $1.7M | $12.0M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0679% | 1h | 0.000005102 | −0.177% | $162K | $965K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1019% / S −0.1149% | 1h | 0.000005000 | −2.182% | $51K | — | 100x | as long as short |
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Hyperliquid kPEPE
dYdX PEPE-USD
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]