Funding you earn now, next payment 00:00 UTC−0.0667%/8h= −73.0% APRnext payment −$6.67 per $10,000 · paid last 24h −0.028%
Price spread now: Bybit against BingX−0.090%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$420.422% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 7 days+0.087%+$9 · spread now −0.090%, 7d avg +0.010%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Bybit is 0.100% cheaper against BingX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.67 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-USDC | 0.000004889 | 0.0767 | pay 0.0767% / 8h | 2h 57m | — | $2.3M | — |
| Short | Bybit 1000PEPEUSDT | 0.000004885 | 0.0100 | get 0.0100% / 8h | 2h 57m | $88.4M | $268.6M | 50x |
BingX 1000PEPE-USDC
Bybit 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$140.07
- Price spread: −0.090% → +0.010%
- −$9.96
- Slippage, 4 orders
- −$21.23
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$192.26
- Costs to cover
- 0.422%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 2 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, 6 min ago | 0.92 bp | 10.2 bp −$10 | 17.0 bp −$170 | 70.0 bp −$6,998 | 200.5 bp −$100.2K |
| Sell Bybit live order book, 2 min ago | 1.02 bp | 10.9 bp −$11 | 18.8 bp −$188 | 43.2 bp −$4,316 | 257.9 bp −$128.9K |
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 | 0.000004885 | −0.100% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004884 | −0.104% | $15K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004889 | −0.008% | $56.7M | $67.0M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004888 | −0.029% | $58K | $108K | 10x | as long as short |
| Bybit 1000PEPEUSDTshort | +0.0100% | 8h | 0.000004885 | −0.090% | $88.4M | $268.6M | 50x | |
| OKX PEPE-USDT-SWAP | +0.0100% | 8h | 0.000004891 | +0.033% | $42.7M | $488.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004882 | −0.151% | $148.8M | $59.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004886 | −0.070% | $24.9M | $49.7M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004894 | +0.086% | $97K | $593K | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004925 | +0.719% | $724K | $3.8M | — | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
OKX PEPE-USDT-SWAP
Gate PEPE_USDT
KuCoin PEPEUSDTM
Backpack kPEPE_USDC_PERP
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004915 | +0.522% | $28K | $337K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004897 | +0.160% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004898 | +0.176% | $2K | $9K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004890 | +0.010% | $563K | $3.8M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0182% | 8h | 0.000004888 | −0.037% | $45.8M | $141.4M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004889 | −0.016% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0220% | 8h | 0.000004909 | +0.401% | $4.0M | $21.8M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0311% / S −0.0261% | 1h | 0.000004000 | −18.190% | $48K | — | 100x | as long as short |
| Lighter 1000PEPE | +0.0320% | 1h | 0.000004890 | +0.012% | $594K | $4.9M | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0343% | 8h | 0.000004889 | −0.012% | $30K | $10K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0356% | 8h | 0.000004887 | −0.053% | $5K | $26 | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0381% | 1h | 0.000004904 | +0.299% | $101K | $754K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0441% | 8h | 0.000004891 | +0.025% | $2.4M | $6.2M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004907 | +0.360% | $631K | $25.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0504% | 1h | 0.000004894 | +0.094% | $561 | $2K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004898 | +0.176% | $4K | $92K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0748% | 1h | 0.000004898 | +0.178% | $3.9M | $12.5M | 50x | as long as short |
| BingX 1000PEPE-USDClong | +0.0767% | 8h | 0.000004889 | long leg | — | $2.3M | — | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0774% | 1h | 0.000004889 | −0.008% | $79K | $91K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0783% | 1h | 0.000004892 | +0.059% | $193K | $857K | 10x | as long as short |
| MEXC PEPE_USDT | +0.0796% | 8h | 0.000004891 | +0.022% | $125.4M | $279.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0796% | 8h | 0.000004885 | −0.083% | $131.2M | $993.5M | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000004887 | −0.058% | $537K | $146K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000004882 | −0.151% | $138K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0862% | 8h | 0.000004886 | −0.067% | $1.5M | $6.9M | 50x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Lighter 1000PEPE
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
ApeX Omni 1000PEPEUSDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT