Funding you earn now, next payment 08:00 UTC−0.0519%/8h= −56.8% APRpaid last 24h +0.006%
Price spread now: edgeX against Phemex+0.258%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$480.476% of the position
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 4 days (all we have)−0.374%−$37 · spread now +0.258%, 7d avg −0.054%
=Together, before fees−0.270%+ Points / potential airdropedgeX: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.312% dearer against Phemex than usual: you sell high and buy low (spread +0.258% now, against its 7-day average of −0.054%): +$31 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 2.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.105%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.105% in total (about 5.5% 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 | Phemex u1000PEPEUSDT | 0.000005329 | 0.0619 | pay 0.0619% / 8h | 3h 45m | $2.6M | $7.5M | 50x |
| Short | edgeX 1000PEPEUSDC | 0.000005342 | 0.0100 | get 0.0050% / 4h | 3h 45m | $43K | $498K | 20x |
Phemex u1000PEPEUSDT
edgeX 1000PEPEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phemex. 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
- −$108.95
- Price spread: +0.258% → −0.054%
- $31.22
- Slippage, 4 orders
- −$26.64
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$125.36
- Costs to cover
- 0.476%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; edgeX: live order book, 9 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 Phemex live order book, 4 min ago | 6.83 bp | 19.6 bp −$20 | 33.7 bp −$337 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 9 min ago | 1.22 bp | 5.8 bp −$6 | 8.6 bp −$86 | 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 | 0.000005317 | −0.211% | $20K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005313 | −0.293% | $15K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005381 | +0.981% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005321 | −0.145% | $69K | $153K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005305 | −0.439% | $104.6M | $372.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005316 | −0.238% | $176.2M | $86.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005307 | −0.398% | $26.9M | $67.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005314 | −0.284% | $761K | $5.1M | — | as long as short |
| edgeX 1000PEPEUSDCshort | +0.0100% | 4h | 0.000005342 | +0.258% | $43K | $498K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005325 | −0.077% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005327 | −0.024% | $610K | $3.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005322 | −0.135% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0264% | 8h | 0.000005305 | −0.447% | $51.7M | $186.7M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0380% | 8h | 0.000005328 | −0.021% | $36K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0422% | 8h | 0.000005308 | −0.388% | $52.3M | $673.9M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0544% | 8h | 0.000005326 | −0.051% | $4.5M | $28.2M | 75x | as long as short |
| Phemex u1000PEPEUSDTlong | +0.0619% | 8h | 0.000005329 | long leg | $2.6M | $7.5M | 50x | |
| SoDEX 1000PEPE-USD | +0.0634% | 1h | 0.000005327 | −0.032% | $2K | $10K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0690% | 1h | 0.000005327 | −0.032% | $75K | $126K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005326 | −0.051% | $712K | $36.3M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0764% | 8h | 0.000005316 | −0.229% | — | $264.0M | — | as long as short |
| Paradex kPEPE-USD-PERP | +0.0799% | 8h | 0.000005320 | −0.155% | $6K | — | 20x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005320 | −0.163% | $150K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0807% | 8h | 0.000005306 | −0.434% | $103.2M | $292.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0807% | 8h | 0.000005312 | −0.309% | $153.8M | $1.31B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000005307 | −0.401% | $563K | $226K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0856% | 1h | 0.000005325 | −0.061% | $190K | $914K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0897% / S −0.1756% | 1h | 0.000005000 | −6.168% | $65K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0935% | 8h | 0.000005322 | −0.129% | $1.9M | $9.9M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1118% | 1h | 0.000005342 | +0.250% | $177K | $798K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.1240% | 1h | 0.000005333 | +0.081% | $643 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.1328% | 1h | 0.000005328 | −0.013% | $692K | $8.6M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1350% | 1h | 0.000005325 | −0.075% | $72K | $722K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1533% | 1h | 0.000005325 | −0.077% | $4.9M | $16.3M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1762% | 1h | 0.000005323 | −0.107% | $58.4M | $144.5M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Paradex kPEPE-USD-PERP
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
01 Exchange kPEPEUSD
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE