Funding you earn now, next payment 00:00 UTC−0.0633%/8h= −69.3% APRnext payment −$6.33 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against BingX−0.046%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$310.308% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 7 days+0.049%+$5 · spread now −0.046%, 7d avg +0.020%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bitget is 0.066% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.020%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.082% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.33 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 | BingX 1000PEPE-USDT | 0.000004811 | 0.0813 | pay 0.0813% / 8h | 2h 12m | — | $254.7M | — |
| Short | Bitget PEPEUSDT | 0.000004809 | 0.0180 | get 0.0180% / 8h | 2h 12m | $42.4M | $150.8M | 75x |
BingX 1000PEPE-USDT
Bitget PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$132.93
- Price spread: −0.046% → +0.020%
- −$6.55
- Slippage, 4 orders
- −$8.81
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$170.29
- Costs to cover
- 0.308%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Bitget: live order book, 6 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, 11 min ago | 0.41 bp | 5.5 bp −$6 | 9.6 bp −$96 | 18.1 bp −$1,812 | 40.0 bp −$20.0K |
| Sell Bitget live order book, 6 min ago | 2.18 bp | 9.5 bp −$9 | 11.0 bp −$110 | 24.7 bp −$2,470 | 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 | 0.000004802 | −0.177% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004799 | −0.239% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004808 | −0.058% | $58.1M | $72.2M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004810 | −0.017% | $59K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004808 | −0.062% | $87.5M | $275.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004802 | −0.183% | $149.9M | $62.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004805 | −0.131% | $25.0M | $53.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004810 | −0.011% | $559K | $3.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004818 | +0.147% | $27K | $342K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004822 | +0.237% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
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 | 0.000004807 | −0.087% | $553K | $3.4M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0167% | 8h | 0.000004811 | +0.004% | $41.3M | $485.1M | 50x | as long as short |
| Bitget PEPEUSDTshort | +0.0180% | 8h | 0.000004809 | −0.046% | $42.4M | $150.8M | 75x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004804 | −0.134% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0284% | 8h | 0.000004810 | −0.017% | $3.8M | $21.8M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −16.854% | $52K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0410% | 8h | 0.000004810 | −0.012% | $29K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004817 | +0.129% | $579K | $25.1M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0497% | 8h | 0.000004804 | −0.150% | $2.3M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0518% | 8h | 0.000004816 | +0.101% | $5K | $16 | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004834 | +0.482% | $4K | $110K | 12x | as long as short |
| Lighter 1000PEPE | +0.0656% | 1h | 0.000004815 | +0.087% | $606K | $5.3M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0697% | 1h | 0.000004807 | −0.073% | $92K | $622K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0743% | 1h | 0.000004807 | −0.081% | $188K | $848K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0762% | 1h | 0.000004808 | −0.058% | $3.9M | $13.1M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0765% | 1h | 0.000004818 | +0.150% | $102K | $761K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0791% | 1h | 0.000004807 | −0.079% | $81K | $94K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0804% | 1h | 0.000004809 | −0.037% | $2K | $9K | 10x | as long as short |
| BingX 1000PEPE-USDTlong | +0.0813% | 8h | 0.000004811 | long leg | — | $254.7M | — | |
| MEXC PEPE_USDT | +0.0863% | 8h | 0.000004811 | +0.012% | $91.6M | $291.8M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0864% | 1h | 0.000004805 | −0.117% | $529K | $147K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0864% | 1h | 0.000004800 | −0.224% | $136K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0864% | 8h | 0.000004812 | +0.015% | $128.2M | $1.02B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0891% | 8h | 0.000004809 | −0.046% | $1.5M | $6.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1216% | 1h | 0.000004821 | +0.212% | $552 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Injective PEPE/USDC PERP
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
SoDEX 1000PEPE-USD
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD