Funding you earn now, next payment 08:00 UTC−0.0209%/8h= −22.9% APRnext payment −$2.09 per $10,000 · paid last 24h −0.037%
Price spread now: Phemex against Paradex−0.269%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Phemex is 0.269% cheaper against Paradex than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex kPEPE-USD-PERP | 0.000004988 | 0.0309 | pay 0.0309% / 8h | 7h 01m | $6K | $16 | 20x |
| Short | Phemex u1000PEPEUSDT | 0.000004974 | 0.0100 | get 0.0100% / 8h | 7h 01m | $2.4M | $6.8M | 50x |
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Paradex. 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
- −$43.85
- Price spread: −0.269% → 0.000%
- −$26.87
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$86.72
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 3 min ago. Net counts fees only.
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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 3 min ago | 15.25 bp | 45.9 bp −$46 | 60.2 bp −$602 | doesn't fit | doesn't fit |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0118% | 1h | 0.000004971 | −0.327% | $3.9M | $14.3M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004992 | +0.087% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004974 | −0.269% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004995 | +0.144% | $59K | $120K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004972 | −0.317% | $94.9M | $312.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004974 | −0.277% | $160.2M | $69.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004977 | −0.225% | $25.0M | $58.2M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004976 | −0.247% | $44.1M | $156.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004975 | −0.264% | $544K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005028 | +0.798% | $46K | $387K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004985 | −0.056% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004979 | −0.176% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004975 | −0.261% | $557K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDTshort | +0.0100% | 8h | 0.000004974 | −0.269% | $2.4M | $6.8M | 50x | |
| ApeX Omni 1000PEPEUSDT | +0.0154% | 1h | 0.000005019 | +0.626% | $110K | $751K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0188% | 8h | 0.000004973 | −0.297% | $43.9M | $543.4M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004978 | −0.206% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0270% | 8h | 0.000004980 | −0.156% | $32K | $22K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0308% | 8h | 0.000004979 | −0.176% | $4.2M | $24.3M | 75x | as long as short |
| Paradex kPEPE-USD-PERPlong | +0.0309% | 8h | 0.000004988 | long leg | $6K | $16 | 20x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0353% | 1h | 0.000004975 | −0.257% | $60K | $114K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004979 | −0.176% | $640K | $27.9M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0452% | 8h | 0.000004976 | −0.227% | — | $257.8M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0470% | 8h | 0.000004975 | −0.253% | $136.9M | $1.14B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0472% | 1h | 0.000004978 | −0.202% | $549K | $199K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0472% | 8h | 0.000004977 | −0.223% | $95.5M | $293.7M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0472% | 1h | 0.000004996 | +0.164% | $141K | — | 3x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0500% / S −0.0407% | 1h | 0.000004000 | −19.804% | $62K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0530% | 8h | 0.000004981 | −0.142% | $1.7M | $7.8M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0613% | 1h | 0.000004978 | −0.202% | $184K | $867K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000005004 | +0.325% | $4K | $102K | 12x | as long as short |
| Lighter 1000PEPE | +0.0656% | 1h | 0.000004983 | −0.096% | $644K | $6.9M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0661% | 1h | 0.000004985 | −0.062% | $96K | $607K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000004994 | +0.124% | $1K | $2K | 10x | as long as short |
| Hyperliquid kPEPE | +0.2305% | 1h | 0.000004994 | +0.124% | $55.4M | $133.4M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Injective PEPE/USDC PERP
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Hyperliquid kPEPE