Funding you earn now, next payment 04:00 UTC−0.0453%/8h= −49.6% APRpaid last 24h −0.035%
Price spread now: edgeX against BingX+0.187%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$370.365% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. edgeX is 0.187% dearer against BingX than usual: you sell high and buy low (spread +0.187% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.031% in total) that is about 42 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% 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-USDC | 0.000005054 | 0.0553 | pay 0.0553% / 8h | 5h 41m | — | $2.3M | — |
| Short | edgeX 1000PEPEUSDC | 0.000005064 | 0.0100 | get 0.0050% / 4h | 1h 41m | $27K | $422K | 20x |
BingX 1000PEPE-USDC
edgeX 1000PEPEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$95.13
- Price spread: +0.187% → 0.000%
- $18.69
- Slippage, 4 orders
- −$17.51
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$112.95
- Costs to cover
- 0.365%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; edgeX: live order book, 22 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, 7 min ago | 1.00 bp | 11.0 bp −$11 | 21.1 bp −$211 | 95.3 bp −$9,533 | 289.8 bp −$144.9K |
| Sell edgeX live order book, 22 min ago | 0.88 bp | 5.5 bp −$5 | 108.0 bp −$1,080 | 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 | 0.000005046 | −0.168% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005046 | −0.162% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005053 | −0.030% | $64K | $135K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005054 | −0.010% | $98.7M | $333.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005050 | −0.089% | $165.5M | $73.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005054 | −0.016% | $25.4M | $62.1M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005061 | +0.138% | $46.5M | $171.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005020 | −0.690% | $706K | $4.6M | — | as long as short |
| edgeX 1000PEPEUSDCshort | +0.0100% | 4h | 0.000005064 | +0.187% | $27K | $422K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005059 | +0.085% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
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 | 0.000005054 | −0.010% | $577K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005051 | −0.059% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0301% | 8h | 0.000005062 | +0.148% | $46.0M | $584.9M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0314% | 8h | 0.000005052 | −0.049% | $33K | $24K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0420% | 8h | 0.000005057 | +0.049% | $4.4M | $25.2M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0543% | 1h | 0.000005050 | −0.089% | $61K | $114K | 25x | as long as short |
| BingX 1000PEPE-USDClong | +0.0553% | 8h | 0.000005054 | long leg | — | $2.3M | — | |
| GMX PEPE/USD [ETH-USDC] | L +0.0569% / S −0.0874% | 1h | 0.000005000 | −1.078% | $49K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005053 | −0.030% | $836K | $31.0M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0583% | 1h | 0.000005053 | −0.030% | $2K | $12K | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0592% | 1h | 0.000005053 | −0.030% | $143K | — | 3x | as long as short |
| Extended 1000PEPE-USD | +0.0600% | 1h | 0.000005051 | −0.061% | $536K | $221K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0601% | 8h | 0.000005062 | +0.154% | $96.3M | $287.6M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0601% | 8h | 0.000005059 | +0.086% | $141.8M | $1.20B | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0657% | 8h | 0.000005062 | +0.142% | $2.4M | $7.0M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0696% | 8h | 0.000005056 | +0.024% | $1.8M | $9.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0748% | 8h | 0.000005051 | −0.074% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0919% | 1h | 0.000005055 | +0.006% | $184K | $866K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0956% | 1h | 0.000005065 | +0.198% | $100K | $617K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +0.999% | $4K | $102K | 12x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0992% | 1h | 0.000005065 | +0.208% | $99K | $752K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.1000% | 1h | 0.000005056 | +0.030% | $610 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1377% | 1h | 0.000005053 | −0.022% | $4.2M | $15.1M | 50x | as long as short |
| Lighter 1000PEPE | +0.1584% | 1h | 0.000005057 | +0.049% | $718K | $8.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.1807% | 1h | 0.000005060 | +0.109% | $55.6M | $137.4M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
SoDEX 1000PEPE-USD
Aevo 1000PEPE-PERP
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Phemex u1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
ApeX Omni 1000PEPEUSDT
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE