Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC−0.0414%/8h= −45.4% APRnext payment −$4.14 per $10,000 · paid last 24h −0.003%
Price spread now: Phemex against BingX+0.144%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$690.691% of the position
Long on BingXShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days−0.097%−$10 on $10k
Price spread, last 3 days (all we have)+0.039%+$4 · spread now +0.144%, 7d avg +0.056%
Together, before fees−0.057%−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.088% dearer against BingX than usual: you sell high and buy low (spread +0.144% now, against its 7-day average of +0.056%): +$9 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.097% in total) that is about 6.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX 1000PEPE-USDC0.0000048020.0693pay 0.0693% / 8h54m 31s—$2.3M—
ShortPhemex u1000PEPEUSDT0.0000048090.0279get 0.0279% / 8h54m 31s$2.3M$6.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$87.04
Price spread: +0.144% → +0.056%
$8.81
Slippage, 4 orders
−$47.1
Fee BingX: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$147.32
Costs to cover
0.691%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; Phemex: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 4 min ago2.29 bp16.5 bp −$1619.1 bp −$19195.3 bp −$9,531224.2 bp −$112.1K
Sell Phemex live order book, 4 min ago5.18 bp23.2 bp −$2347.2 bp −$472doesn't fitdoesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid kPEPE−0.0142%1h0.000004797−0.100%$65.8M$86.4M10xas long as short
dYdX PEPE-USD0.0000%1h0.000004795−0.135%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004803+0.029%$14K—150xas long as short
Kraken Futures PF_PEPEUSD+0.0066%1h0.000004803+0.015%$3.9M$13.4M50xas long as short
Pacifica kPEPE+0.0100%1h0.000004797−0.100%$59K$114K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004793−0.183%$86.6M$286.7M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004794−0.162%$150.6M$63.7M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004805+0.062%$24.7M$54.2M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000004792−0.206%$42.3M$149.3M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004798−0.082%$596K$4.1M—as long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX 1000PEPEUSDC+0.0100%4h0.000004805+0.070%$28K$344K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004810+0.162%$1K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004804+0.046%$2K$12K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004807+0.104%$544K$3.5M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004806+0.088%$7K—15xas long as short
OKX PEPE-USDT-SWAP+0.0219%8h0.000004797−0.100%$41.5M$495.8M50xas long as short
Paradex kPEPE-USD-PERP+0.0225%8h0.000004796−0.120%$5K$1620xas long as short
01 Exchange kPEPEUSD+0.0240%1h0.000004795−0.142%$549$2K10xas long as short
Phemex u1000PEPEUSDTshort+0.0279%8h0.000004809+0.144%$2.3M$6.4M50x
BloFin PEPE-USDT+0.0340%8h0.000004808+0.129%$3.9M$22.3M75xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0348% / S −0.0383%1h0.000004000−16.698%$42K—100xas long as short
Lighter 1000PEPE+0.0392%1h0.000004802+0.004%$645K$6.2M10xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0400%1h0.000004811+0.192%$568K$25.7M50xas long as short
Injective PEPE/USDC PERP+0.0437%1h0.000004803+0.025%$4K$102K12xas long as short
Orderly PERP_1000PEPE_USDC+0.0441%8h0.000004805+0.058%$30K$12K20xas long as short
Backpack kPEPE_USDC_PERP+0.0594%1h0.000004806+0.092%$91K$602K15xas long as short
ApeX Omni 1000PEPEUSDT+0.0598%1h0.000004805+0.067%$100K$761K25xas long as short
BingX 1000PEPE-USDClong+0.0693%8h0.000004802long leg—$2.3M—
Binance 1000PEPEUSDT+0.0708%8h0.000004793−0.186%$131.6M$1.05B75xas long as short
Extended 1000PEPE-USD+0.0712%1h0.000004794−0.155%$529K$148K25xas long as short
MEXC PEPE_USDT+0.0712%8h0.000004791−0.215%$92.8M$278.0M300xas long as short
Aster 1000PEPEUSDT+0.0713%8h0.000004795−0.137%$1.5M$7.2M50xas long as short
Aevo 1000PEPE-PERP+0.0720%1h0.000004809+0.150%$136K—3xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0792%1h0.000004805+0.067%$81K$94K25xas long as short
Nado kPEPE-PERP+0.0860%1h0.000004796−0.120%$184K$845K10xas long as short