Funding you earn now, next payment 08:00 UTC−0.0538%/8h= −58.9% APRnext payment −$5.38 per $10,000 · paid last 24h −0.037%
Price spread now: Bitget against Binance−0.068%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$340.344% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 7 days+0.026%+$3 · spread now −0.068%, 7d avg −0.016%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bitget is 0.051% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.38 per $10,000. 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 | Binance 1000PEPEUSDT | 0.000005239 | 0.0768 | pay 0.0768% / 8h | 4h 04m | $150.6M | $1.27B | 75x |
| Short | Bitget PEPEUSDT | 0.000005236 | 0.0230 | get 0.0230% / 8h | 4h 04m | $48.4M | $182.0M | 75x |
Binance 1000PEPEUSDT
Bitget PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$112.95
- Price spread: −0.068% → −0.016%
- −$5.14
- Slippage, 4 orders
- −$12.36
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$152.44
- Costs to cover
- 0.344%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bitget: live order book, 5 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 Binance live order book, 10 min ago | 0.10 bp | 7.9 bp −$8 | 15.1 bp −$151 | 38.6 bp −$3,862 | doesn't fit |
| Sell Bitget live order book, 5 min ago | 2.30 bp | 9.1 bp −$9 | 14.3 bp −$143 | 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 | 0.000005173 | −1.262% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005191 | −0.923% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005180 | −1.129% | $67K | $147K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005234 | −0.098% | $101.4M | $361.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005232 | −0.136% | $170.1M | $83.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005238 | −0.024% | $27.0M | $66.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005177 | −1.194% | $822K | $4.9M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005186 | −1.016% | $37K | $491K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005206 | −0.640% | $2K | $2.5M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005205 | −0.650% | $603K | $3.8M | 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
edgeX 1000PEPEUSDC
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 | 0.000005201 | −0.737% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDTshort | +0.0230% | 8h | 0.000005236 | −0.068% | $48.4M | $182.0M | 75x | |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005212 | −0.518% | $3K | $110K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0366% | 8h | 0.000005204 | −0.679% | $34K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0404% | 8h | 0.000005233 | −0.117% | $48.6M | $645.6M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0523% | 8h | 0.000005181 | −1.110% | $4.5M | $27.0M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0627% | 8h | 0.000005237 | −0.039% | $2.6M | $7.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005228 | −0.213% | $789K | $35.1M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0727% | 8h | 0.000005233 | −0.112% | — | $263.2M | — | as long as short |
| SoDEX 1000PEPE-USD | +0.0757% | 1h | 0.000005198 | −0.785% | $2K | $10K | 10x | as long as short |
| MEXC PEPE_USDT | +0.0764% | 8h | 0.000005237 | −0.047% | $101.6M | $293.6M | 300x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0768% | 8h | 0.000005239 | long leg | $150.6M | $1.27B | 75x | |
| Extended 1000PEPE-USD | +0.0768% | 1h | 0.000005198 | −0.778% | $549K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005196 | −0.824% | $147K | — | 3x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0813% | 8h | 0.000005181 | −1.119% | $6K | — | 20x | as long as short |
| Lighter 1000PEPE | +0.0816% | 1h | 0.000005243 | +0.073% | $639K | $8.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0836% / S −0.1699% | 1h | 0.000005000 | −4.565% | $63K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0876% | 8h | 0.000005202 | −0.711% | $1.9M | $9.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0905% | 1h | 0.000005200 | −0.747% | $73K | $125K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0915% | 1h | 0.000005178 | −1.167% | $104K | $745K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0962% | 1h | 0.000005199 | −0.757% | $188K | $904K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1104% | 1h | 0.000005237 | −0.049% | $73K | $701K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.1120% | 1h | 0.000005188 | −0.976% | $626 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1246% | 1h | 0.000005229 | −0.198% | $4.8M | $16.1M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1567% | 1h | 0.000005240 | +0.016% | $56.9M | $142.9M | 10x | as long as short |
Reya kPEPERUSDPERP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
SoDEX 1000PEPE-USD
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE