Funding you earn now, next payment 03:00 UTC+0.0572%/8h= +62.6% APRpaid last 24h +0.056%
Price spread now: Coinbase International against edgeX−0.320%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$370.368% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)+0.372%+$37 · spread now −0.320%, 7d avg +0.031%
=Together, before fees+0.336%+ Points / potential airdropedgeX: Active · farm board+$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.351% cheaper against edgeX than usual: you would sell low and buy high (spread −0.320% now, against its 7-day average of +0.031%). If the spread goes back, that is −$35 on $10k: about 2.0 days of funding at the current rate (+$17 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% 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 | 0.000005148 | 0.0100 | pay 0.0050% / 4h | 17m 36s | $42K | $465K | 20x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000005132 | 0.0672 | get 0.0084% / 1h | 17m 36s | $949K | $33.9M | 50x |
edgeX 1000PEPEUSDC
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $120.12
- Price spread: −0.320% → +0.031%
- −$35.12
- Slippage, 4 orders
- −$17.81
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $48.18
- Costs to cover
- 0.368%
- Break-even
- 4.2 days
Slippage from edgeX: live order book, 41 min ago; Coinbase International: 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 edgeX live order book, 41 min ago | 1.09 bp | 5.7 bp −$6 | 8.7 bp −$87 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 3.89 bp | 11.5 bp −$12 | 19.6 bp −$196 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005158 | +0.185% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005126 | −0.443% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005164 | +0.301% | $66K | $146K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005166 | +0.336% | $99.7M | $359.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005160 | +0.223% | $167.7M | $82.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005166 | +0.350% | $26.2M | $65.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005124 | −0.484% | $801K | $4.8M | — | as long as short |
| edgeX 1000PEPEUSDClong | +0.0100% | 4h | 0.000005148 | long leg | $42K | $465K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005136 | −0.252% | $2K | $2.5M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005143 | −0.116% | $589K | $3.7M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005170 | +0.415% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0209% | 8h | 0.000005171 | +0.433% | $47.7M | $180.1M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005173 | +0.476% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0356% | 8h | 0.000005134 | −0.283% | $34K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0390% | 8h | 0.000005171 | +0.437% | $48.5M | $631.7M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0502% | 8h | 0.000005146 | −0.048% | $4.4M | $26.5M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0530% | 1h | 0.000005129 | −0.379% | $72K | $125K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0609% | 8h | 0.000005134 | −0.282% | $2.6M | $7.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0672% | 1h | 0.000005132 | −0.320% | $949K | $33.9M | 50x | |
| BingX 1000PEPE-USDC | +0.0704% | 8h | 0.000005169 | +0.392% | — | $2.3M | — | as long as short |
| SoDEX 1000PEPE-USD | +0.0727% | 1h | 0.000005134 | −0.282% | $2K | $10K | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0744% | 1h | 0.000005128 | −0.398% | $145K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0747% | 8h | 0.000005171 | +0.429% | $147.2M | $1.26B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0748% | 8h | 0.000005171 | +0.435% | $99.4M | $291.8M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0752% | 1h | 0.000005167 | +0.359% | $547K | $226K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0791% / S −0.1587% | 1h | 0.000005000 | −2.884% | $62K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0794% | 8h | 0.000005169 | +0.396% | $6K | — | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0806% | 1h | 0.000005163 | +0.282% | $101K | $743K | 25x | as long as short |
| Lighter 1000PEPE | +0.0816% | 1h | 0.000005166 | +0.340% | $614K | $8.3M | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0849% | 8h | 0.000005165 | +0.322% | $1.8M | $9.6M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0923% | 1h | 0.000005170 | +0.426% | $186K | $903K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1104% | 1h | 0.000005174 | +0.495% | $624 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1156% | 1h | 0.000005141 | −0.149% | $94K | $666K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1269% | 1h | 0.000005133 | −0.306% | $4.6M | $16.0M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1576% | 1h | 0.000005172 | +0.457% | $55.8M | $142.1M | 10x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDC
SoDEX 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
ApeX Omni 1000PEPEUSDT
Lighter 1000PEPE
Aster 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE