Spread before costs (cost unknown: a leg has no order-book sample)−0.081%
7d average—if it closes, per $10,000$8funding while held, a day+$15.85
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex u1000PEPEUSDT | 0.000005046 | 0.0413 | pay 0.0413% / 8h | 5h 20m | $2.5M | $6.0M | 50x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005042 | 0.0941 | get 0.0118% / 1h | 20m 13s | $85K | $86K | 25x |
Phemex u1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUALPrice 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
- −$8.13
- Funding while held
- $15.85
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$11.27
- Spread needed to break even
- 0.190%
Slippage unknown: Phemex: live order book, 5 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0528%
- Per $10,000 a day
- +$15.85
- 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 Phemex live order book, 5 min ago | 1.20 bp | 20.3 bp −$20 | 49.9 bp −$499 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 price on every exchange
against the cheapest. Click to use as the short leg.GMX0.000005000cheapestBybit0.000005029+0.580%Variational Omni0.000005033+0.654%edgeX0.000005034+0.684%Binance0.000005039+0.778%OKX0.000005041+0.820%Extended0.000005042+0.833%
GMX
Bybit
Variational Omni
Binance
OKX
ExtendedDeribit0.000005042+0.840%
Kraken Futures0.000005043+0.850%gTrade (Gains Network)0.000005043+0.858%SoDEX0.000005043+0.860%BloFin0.000005043+0.860%dYdX0.000005043+0.864%Coinbase International0.000005044+0.880%Bitget0.000005044+0.884%Lighter0.000005045+0.900%Orderly0.000005045+0.910%
Kraken Futures
gTrade (Gains Network)
SoDEX
BloFin
dYdX
Coinbase International
Bitget
Lighter
OrderlyPhemex0.000005046+0.922%
Paradex0.000005046+0.929%Gate0.000005048+0.960%Aevo0.000005048+0.960%KuCoin0.000005049+0.978%SunX0.000005050+0.998%Pacifica0.000005050+1.000%ApeX Omni0.000005050+1.000%Aster0.000005050+1.004%BingX0.000005051+1.018%Reya0.000005051+1.022%HTX0.000005051+1.026%Backpack0.000005052+1.050%Nado0.000005053+1.050%MEXC0.000005054+1.076%Hyperliquid0.000005056+1.120%01 Exchange0.000005062+1.240%Injective0.000005070+1.400%
Paradex
Gate
Aevo
KuCoin
SunX
Pacifica
ApeX Omni
Aster
BingX
Reya
HTX
Backpack
Nado
MEXC
Hyperliquid
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] | −0.914% | L +0.0180% / S −0.0045% | 1h | $57K | — | 100x | as long as short |
| Bybit 1000PEPEUSDT | −0.339% | +0.0100% | 8h | $89.5M | $246.7M | 50x | as long as short |
| Variational Omni 1000PEPE | −0.266% | +0.0100% | 8h | $726K | $3.1M | — | as long as short |
| edgeX 1000PEPEUSDC | −0.236% | +0.0100% | 4h | $28K | $326K | 20x | as long as short |
| Binance 1000PEPEUSDT | −0.143% | +0.0707% | 8h | $133.7M | $911.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | −0.101% | +0.0100% | 8h | $43.2M | $474.4M | 50x | as long as short |
| Extended 1000PEPE-USD | −0.088% | +0.0704% | 1h | $556K | $124K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | −0.081% | +0.0941% | 1h | $85K | $86K | 25x | |
| Kraken Futures PF_PEPEUSD | −0.071% | +0.1083% | 1h | $3.8M | $10.8M | 50x | as long as short |
| gTrade (Gains Network) PEPE/USD | −0.063% | L +0.0006% / S −0.0009% | 1h | $4K | — | 150x | as long as short |