Funding you earn now, next payment 08:00 UTC−0.0352%/8h= −38.5% APRnext payment −$3.52 per $10,000 · paid last 24h −0.048%
Price spread now: Gate against BingX−0.067%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$480.480% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 7 days+0.116%+$12 · spread now −0.067%, 7d avg +0.034%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate 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 +0.034%). 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 −$3.52 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 | 0.000004954 | 0.0452 | pay 0.0452% / 8h | 6h 55m | — | $2.3M | — |
| Short | Gate PEPE_USDT | 0.000004951 | 0.0100 | get 0.0100% / 8h | 6h 55m | $158.4M | $68.9M | 75x |
BingX 1000PEPE-USDC
Gate PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$73.92
- Price spread: −0.067% → +0.034%
- −$10.04
- Slippage, 4 orders
- −$23
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$131.96
- Costs to cover
- 0.480%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Gate: live order book, 3 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 | 1.40 bp | 7.3 bp −$7 | 17.9 bp −$179 | 93.7 bp −$9,370 | 233.7 bp −$116.8K |
| Sell Gate live order book, 3 min ago | 2.01 bp | 12.9 bp −$13 | 22.0 bp −$220 | 78.0 bp −$7,805 | 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 | 0.000004947 | −0.153% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004932 | −0.444% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004952 | −0.046% | $58K | $122K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004949 | −0.107% | $95.6M | $314.8M | 50x | as long as short |
| Gate PEPE_USDTshort | +0.0100% | 8h | 0.000004951 | −0.067% | $158.4M | $68.9M | 75x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004948 | −0.129% | $24.9M | $58.6M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004957 | +0.048% | $43.7M | $157.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004938 | −0.334% | $556K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004983 | +0.581% | $46K | $386K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004981 | +0.539% | $106K | $751K | 25x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004947 | −0.145% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004947 | −0.137% | $551K | $3.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004937 | −0.341% | $2.3M | $6.8M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004942 | −0.249% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0197% | 8h | 0.000004958 | +0.075% | $43.5M | $544.5M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0270% | 8h | 0.000004940 | −0.283% | $32K | $22K | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0290% | 1h | 0.000004945 | −0.188% | $2K | $12K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0314% | 8h | 0.000004969 | +0.297% | $4.2M | $24.3M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0342% | 8h | 0.000004960 | +0.111% | $6K | $16 | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0358% | 1h | 0.000004941 | −0.268% | $60K | $114K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000004944 | −0.208% | $640K | $27.9M | 50x | as long as short |
| BingX 1000PEPE-USDClong | +0.0452% | 8h | 0.000004954 | long leg | — | $2.3M | — | |
| Extended 1000PEPE-USD | +0.0464% | 1h | 0.000004954 | +0.002% | $543K | $199K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0464% | 1h | 0.000004948 | −0.127% | $140K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0466% | 8h | 0.000004957 | +0.061% | $136.4M | $1.15B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0467% | 8h | 0.000004957 | +0.052% | $93.6M | $286.7M | 300x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0501% / S −0.0408% | 1h | 0.000004000 | −19.262% | $62K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0528% | 8h | 0.000004954 | +0.001% | $1.7M | $7.9M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0658% | 1h | 0.000004938 | −0.337% | $99K | $616K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0840% | 1h | 0.000004958 | +0.075% | $1K | $2K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0843% | 1h | 0.000004940 | −0.291% | $3.9M | $14.3M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000005000 | +0.922% | $4K | $102K | 12x | as long as short |
| Nado kPEPE-PERP | +0.0936% | 1h | 0.000004955 | +0.014% | $176K | $873K | 10x | as long as short |
| Lighter 1000PEPE | +0.0984% | 1h | 0.000004954 | −0.006% | $640K | $6.8M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2583% | 1h | 0.000004962 | +0.155% | $54.8M | $134.1M | 10x | as long as short |
SunX 1000PEPE-USDT
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
SoDEX 1000PEPE-USD
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Injective PEPE/USDC PERP
Nado kPEPE-PERP
Lighter 1000PEPE
Hyperliquid kPEPE