Funding you earn now, next payment 08:00 UTC−0.0328%/8h= −35.9% APRnext payment −$3.28 per $10,000 · paid last 24h −0.034%
Price spread now: OKX against BingX+0.079%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$270.265% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 7 days−0.098%−$10 · spread now +0.079%, 7d avg −0.011%
=The price spread pays, funding is against you. OKX is 0.090% dearer against BingX than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of −0.011%): +$9 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.091% in total) that is about 6.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.091% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.28 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-USDT | 0.000005076 | 0.0751 | pay 0.0751% / 8h | 2h 20m | — | $239.3M | — |
| Short | OKX PEPE-USDT-SWAP | 0.000005080 | 0.0423 | get 0.0423% / 8h | 2h 20m | $46.8M | $697.2M | 50x |
BingX 1000PEPE-USDT
OKX PEPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$68.87
- Price spread: +0.079% → −0.011%
- $8.97
- Slippage, 4 orders
- −$6.52
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$86.42
- Costs to cover
- 0.265%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago | 0.10 bp | 5.3 bp −$5 | 9.9 bp −$99 | 16.8 bp −$1,680 | 26.9 bp −$13.4K |
| Sell OKX live order book, 4 min ago | 0.99 bp | 7.8 bp −$8 | 11.3 bp −$113 | 37.5 bp −$3,754 | 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 | 0.000005075 | −0.018% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005058 | −0.359% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005082 | +0.118% | $58K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005076 | 0.000% | $99.3M | $406.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005076 | 0.000% | $162.4M | $94.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005084 | +0.158% | $25.1M | $71.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005062 | −0.283% | $602K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005026 | −0.976% | $28K | $538K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005068 | −0.162% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005072 | −0.073% | $568K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005072 | −0.086% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0242% | 1h | 0.000005063 | −0.256% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0333% | 8h | 0.000005078 | +0.037% | $45.4M | $210.9M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0396% | 8h | 0.000005062 | −0.278% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAPshort | +0.0423% | 8h | 0.000005080 | +0.079% | $46.8M | $697.2M | 50x | |
| BloFin PEPE-USDT | +0.0546% | 8h | 0.000005063 | −0.256% | $4.4M | $28.3M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0567% | 8h | 0.000005080 | +0.088% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0633% | 8h | 0.000005066 | −0.197% | $2.4M | $7.9M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0649% | 1h | 0.000005066 | −0.205% | $74K | $833K | 15x | as long as short |
| Lighter 1000PEPE | +0.0672% | 1h | 0.000005084 | +0.158% | $602K | $9.1M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005084 | +0.158% | $613 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005065 | −0.217% | $641K | $37.2M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0683% | 1h | 0.000005071 | −0.090% | $168K | $944K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0717% | 1h | 0.000005024 | −1.024% | $154K | $813K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0739% | 1h | 0.000005061 | −0.296% | $72K | $127K | 25x | as long as short |
| BingX 1000PEPE-USDTlong | +0.0751% | 8h | 0.000005076 | long leg | — | $239.3M | — | |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005078 | +0.047% | $536K | $277K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0792% | 8h | 0.000005077 | +0.020% | $97.6M | $302.7M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000005062 | −0.276% | $143K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0796% | 8h | 0.000005079 | +0.052% | $142.4M | $1.41B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0844% | 8h | 0.000005076 | +0.003% | $1.8M | $11.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0844% | 1h | 0.000005057 | −0.373% | $4.6M | $16.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0998% | 1h | 0.000005084 | +0.158% | $53.9M | $152.6M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1130% / S −0.2171% | 1h | 0.000005000 | −1.497% | $64K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005027 | −0.965% | $3K | $111K | 12x | as long as short |
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP