Funding you earn now, next payment 08:00 UTC−0.0535%/8h= −58.6% APRnext payment −$5.35 per $10,000 · paid last 24h −0.044%
Price spread now: HTX against BingX−0.109%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$550.549% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and HTX is 0.109% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.35 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 | 0.000005034 | 0.0635 | pay 0.0635% / 8h | 4h 45m | — | $2.3M | — |
| Short | HTX PEPE-USDT | 0.000005029 | 0.0100 | get 0.0100% / 8h | 4h 45m | $573K | $3.7M | 75x |
BingX 1000PEPE-USDC
HTX PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$112.31
- Price spread: −0.109% → 0.000%
- −$10.93
- Slippage, 4 orders
- −$32.88
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$178.12
- Costs to cover
- 0.549%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; HTX: 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, 3 min ago | 1.39 bp | 14.6 bp −$15 | 18.9 bp −$189 | 86.7 bp −$8,666 | 259.8 bp −$129.9K |
| Sell HTX live order book, 3 min ago | 4.49 bp | 11.3 bp −$11 | 24.2 bp −$242 | 99.8 bp −$9,983 | 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 | 0.000005032 | −0.051% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005026 | −0.167% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005042 | +0.157% | $64K | $140K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005038 | +0.072% | $98.8M | $345.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005041 | +0.137% | $166.4M | $75.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005040 | +0.119% | $26.1M | $63.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005034 | −0.011% | $675K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005021 | −0.267% | $31K | $452K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005046 | +0.238% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDTshort | +0.0100% | 8h | 0.000005029 | −0.109% | $573K | $3.7M | 75x |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0164% | 8h | 0.000005040 | +0.125% | $46.1M | $174.7M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005029 | −0.094% | $8K | — | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005044 | +0.197% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0331% | 8h | 0.000005041 | +0.135% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0360% | 8h | 0.000005047 | +0.256% | $45.2M | $595.9M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0479% | 8h | 0.000005028 | −0.121% | $4.3M | $25.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0537% | 1h | 0.000005038 | +0.077% | $2K | $12K | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0632% | 8h | 0.000005041 | +0.133% | $2.4M | $7.1M | 50x | as long as short |
| BingX 1000PEPE-USDClong | +0.0635% | 8h | 0.000005034 | long leg | — | $2.3M | — | |
| GMX PEPE/USD [ETH-USDC] | L +0.0663% / S −0.0913% | 1h | 0.000005000 | −0.677% | $45K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0671% | 8h | 0.000005049 | +0.306% | $92.6M | $287.1M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0672% | 1h | 0.000005045 | +0.218% | $532K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0672% | 1h | 0.000005033 | −0.022% | $142K | — | 3x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005044 | +0.197% | $974K | $31.8M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0676% | 8h | 0.000005054 | +0.399% | $142.4M | $1.22B | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0744% | 1h | 0.000005037 | +0.058% | $71K | $124K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0764% | 8h | 0.000005040 | +0.126% | $1.8M | $9.2M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0789% | 8h | 0.000005041 | +0.130% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0801% | 1h | 0.000005038 | +0.087% | $98K | $644K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0834% | 1h | 0.000005033 | −0.020% | $191K | $877K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0852% | 1h | 0.000005009 | −0.499% | $99K | $743K | 25x | as long as short |
| Lighter 1000PEPE | +0.0896% | 1h | 0.000005043 | +0.177% | $576K | $8.2M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0920% | 1h | 0.000005059 | +0.495% | $610 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1293% | 1h | 0.000005039 | +0.089% | $4.4M | $15.4M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1418% | 1h | 0.000005045 | +0.217% | $54.0M | $140.0M | 10x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
Phemex u1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Coinbase International 1000PEPE-PERP-INTX
Binance 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Lighter 1000PEPE
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE