Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.2% APRnext payment +$0.30 per $10,000 · paid last 24h −0.015%
Price spread now: Binance against BingX+0.294%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$400.402% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 7 days−0.230%−$23 · spread now +0.294%, 7d avg +0.081%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.213% dearer against BingX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.081%. Mind the row above: over the last 7 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000PEPE-USDC | 0.000004806 | 0.0763 | pay 0.0763% / 8h | 2h 54m | — | $2.3M | — |
| Short | Binance 1000PEPEUSDT | 0.000004820 | 0.0793 | get 0.0793% / 8h | 2h 54m | $129.5M | $1.00B | 75x |
BingX 1000PEPE-USDC
Binance 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- $6.2
- Price spread: +0.294% → +0.081%
- $21.3
- Slippage, 4 orders
- −$20.2
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$12.7
- Costs to cover
- 0.402%
- Break-even
- 21.3 days
Slippage from BingX: live order book, 9 min ago; Binance: 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 BingX live order book, 9 min ago | 0.92 bp | 10.2 bp −$10 | 17.0 bp −$170 | 70.0 bp −$6,998 | 200.5 bp −$100.2K |
| Sell Binance live order book, 5 min ago | 0.41 bp | 9.7 bp −$10 | 16.3 bp −$163 | 41.7 bp −$4,169 | 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 | 0.000004840 | +0.726% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004808 | +0.042% | $13K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004813 | +0.154% | $55.9M | $67.9M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004847 | +0.861% | $58K | $108K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004808 | +0.044% | $88.7M | $271.5M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0100% | 8h | 0.000004812 | +0.133% | $41.2M | $484.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004806 | +0.008% | $147.0M | $60.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004807 | +0.035% | $21.8M | $48.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004889 | +1.745% | $719K | $3.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004893 | +1.809% | $28K | $335K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Gate PEPE_USDT
KuCoin PEPEUSDTM
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 | 0.000004820 | +0.306% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004815 | +0.194% | $555K | $3.5M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0166% | 1h | 0.000004811 | +0.112% | $81K | $94K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0172% | 1h | 0.000004888 | +1.723% | $97K | $591K | 15x | as long as short |
| Bitget PEPEUSDT | +0.0183% | 8h | 0.000004816 | +0.225% | $43.7M | $145.7M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004814 | +0.167% | $7K | — | 15x | as long as short |
| Lighter 1000PEPE | +0.0216% | 1h | 0.000004866 | +1.257% | $584K | $4.9M | 10x | as long as short |
| BloFin PEPE-USDT | +0.0220% | 8h | 0.000004893 | +1.819% | $4.0M | $21.6M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0310% / S −0.0264% | 1h | 0.000004000 | −16.764% | $46K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0346% | 8h | 0.000004812 | +0.129% | $30K | $10K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0349% | 8h | 0.000004768 | −0.776% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0453% | 8h | 0.000004814 | +0.169% | $2.3M | $6.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004828 | +0.466% | $562K | $25.2M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004902 | +2.006% | $4K | $92K | 12x | as long as short |
| SoDEX 1000PEPE-USD | +0.0624% | 1h | 0.000004825 | +0.404% | $2K | $9K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0699% | 1h | 0.000004891 | +1.777% | $101K | $755K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0728% | 1h | 0.000004807 | +0.029% | $180K | $868K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0759% | 1h | 0.000004824 | +0.378% | $3.8M | $12.7M | 50x | as long as short |
| BingX 1000PEPE-USDClong | +0.0763% | 8h | 0.000004806 | long leg | — | $2.3M | — | |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000004818 | +0.258% | $529K | $146K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0792% | 8h | 0.000004811 | +0.121% | $127.9M | $285.2M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000004831 | +0.529% | $137K | — | 3x | as long as short |
| Binance 1000PEPEUSDTshort | +0.0793% | 8h | 0.000004820 | +0.294% | $129.5M | $1.00B | 75x | |
| 01 Exchange kPEPEUSD | +0.0816% | 1h | 0.000004901 | +1.985% | $561 | $2K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0855% | 8h | 0.000004794 | −0.239% | $1.5M | $6.8M | 50x | as long as short |
SunX 1000PEPE-USDT
HTX PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Lighter 1000PEPE
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
01 Exchange kPEPEUSD
Aster 1000PEPEUSDT