Funding you earn now, next payment 23:00 UTC−0.0270%/8h= −29.6% APRpaid last 24h +0.019%
Price spread now: Deribit against BingX+0.029%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Deribit is 0.029% dearer against BingX than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.046% in total) that is about 4.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% 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 | BingX 1000PEPE-USDT | 0.000004875 | 0.0841 | pay 0.0841% / 8h | 1h 52m | — | $255.8M | — |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004876 | 0.0571 | get 0.0071% / 1h | 52m 41s | $82K | $94K | 25x |
BingX 1000PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$56.7
- Price spread: +0.029% → 0.000%
- $2.87
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$70.82
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 16 min ago; Deribit: no order-book sample. Net counts fees only.
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, 16 min ago | 0.21 bp | 6.3 bp −$6 | 8.3 bp −$83 | 19.7 bp −$1,967 | 40.1 bp −$20.0K |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.000004871 | −0.084% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004871 | −0.082% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004874 | −0.012% | $60.3M | $74.9M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004876 | +0.029% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004874 | −0.008% | $88.9M | $277.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004870 | −0.094% | $152.2M | $62.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004870 | −0.092% | $25.1M | $53.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004876 | +0.030% | $556K | $3.9M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004899 | +0.499% | $28K | $341K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004883 | +0.183% | $1K | $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 | 0.000004885 | +0.213% | $557K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0176% | 1h | 0.000004879 | +0.090% | $648K | $5.4M | 10x | as long as short |
| Bitget PEPEUSDT | +0.0180% | 8h | 0.000004873 | −0.029% | $42.9M | $151.3M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004877 | +0.049% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0203% | 8h | 0.000004880 | +0.111% | $41.9M | $495.1M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0233% | 1h | 0.000004878 | +0.070% | $2K | $9K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0215% | 1h | 0.000004000 | −17.942% | $53K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0320% | 8h | 0.000004875 | +0.008% | $3.8M | $22.3M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0434% | 8h | 0.000004878 | +0.064% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004877 | +0.049% | $605K | $25.5M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0456% | 8h | 0.000004873 | −0.029% | $2.4M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0502% | 8h | 0.000004885 | +0.216% | $5K | $16 | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0571% | 1h | 0.000004876 | +0.029% | $82K | $94K | 25x | |
| Nado kPEPE-PERP | +0.0588% | 1h | 0.000004879 | +0.090% | $189K | $849K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0712% | 1h | 0.000004883 | +0.172% | $559 | $2K | 10x | as long as short |
| BingX 1000PEPE-USDTlong | +0.0841% | 8h | 0.000004875 | long leg | — | $255.8M | — | |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004886 | +0.234% | $4K | $103K | 12x | as long as short |
| Extended 1000PEPE-USD | +0.0880% | 1h | 0.000004871 | −0.074% | $538K | $147K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0880% | 1h | 0.000004865 | −0.197% | $138K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0881% | 8h | 0.000004881 | +0.121% | $130.9M | $1.03B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0886% | 8h | 0.000004874 | −0.010% | $92.5M | $282.3M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0911% | 8h | 0.000004873 | −0.031% | $1.5M | $6.9M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0995% | 1h | 0.000004873 | −0.037% | $93K | $614K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1309% | 1h | 0.000004875 | +0.004% | $4.0M | $13.2M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.2353% | 1h | 0.000004896 | +0.439% | $104K | $764K | 25x | as long as short |
HTX PEPE-USDT
Lighter 1000PEPE
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
ApeX Omni 1000PEPEUSDT