Funding you earn now, next payment 00:00 UTC+0.0504%/8h= +55.2% APRnext payment +$5.04 per $10,000 · paid last 24h −0.018%
Price spread now: BingX against BloFin−0.033%51s7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$490.493% of the position
Funding, last 7 days−0.177%−$18 on $10k
+Price spread, last 3 days (all we have)−0.097%−$10 · spread now −0.033%, 7d avg −0.011%
=Funding pays, the price is against you. BingX is 0.022% cheaper against BloFin than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of −0.011%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$15 a day). Mind the row above: over the last 7 days funding on this pair cost −0.177%, so the current rate has only just turned in your favour. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.177% in total (about -9.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.04 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 | BloFin PEPE-USDT | 0.000004858 | 0.0323 | pay 0.0323% / 8h | 1h 36m | $3.9M | $22.3M | 75x |
| Short | BingX 1000PEPE-USDC | 0.000004856 | 0.0827 | get 0.0827% / 8h | 1h 36m | — | $2.3M | — |
BloFin PEPE-USDT
BingX 1000PEPE-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- $105.79
- Price spread: −0.033% → −0.011%
- −$2.23
- Slippage, 4 orders
- −$27.3
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $54.25
- Costs to cover
- 0.493%
- Break-even
- 3.4 days
Slippage from BloFin: live order book, 3 min ago; BingX: live order book, 12 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 BloFin live order book, 3 min ago | 4.11 bp | 11.1 bp −$11 | 13.3 bp −$133 | 34.8 bp −$3,481 | doesn't fit |
| Sell BingX live order book, 12 min ago | 0.62 bp | 14.4 bp −$14 | 19.7 bp −$197 | 93.5 bp −$9,347 | 286.8 bp −$143.4K |
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 | 0.000004852 | −0.120% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004847 | −0.231% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004857 | −0.021% | $610K | $5.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004847 | −0.226% | $62.0M | $78.1M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004855 | −0.062% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004848 | −0.206% | $87.7M | $279.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004847 | −0.226% | $151.8M | $62.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004849 | −0.193% | $25.0M | $53.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004864 | +0.122% | $583K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004870 | +0.251% | $28K | $343K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004862 | +0.080% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004856 | −0.041% | $2K | $9K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004858 | −0.008% | $549K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0156% | 8h | 0.000004849 | −0.196% | $42.7M | $151.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004850 | −0.159% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0205% | 8h | 0.000004852 | −0.124% | $41.9M | $494.3M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0213% / S −0.0093% | 1h | 0.000004000 | −17.662% | $54K | — | 100x | as long as short |
| BloFin PEPE-USDTlong | +0.0323% | 8h | 0.000004858 | long leg | $3.9M | $22.3M | 75x | |
| Paradex kPEPE-USD-PERP | +0.0385% | 8h | 0.000004854 | −0.088% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0413% | 8h | 0.000004854 | −0.091% | $2.3M | $6.4M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0443% | 8h | 0.000004851 | −0.146% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004859 | +0.021% | $617K | $25.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0480% | 1h | 0.000004856 | −0.041% | $556 | $2K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0574% | 1h | 0.000004856 | −0.041% | $82K | $94K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0619% | 1h | 0.000004855 | −0.051% | $91K | $614K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0728% | 1h | 0.000004852 | −0.124% | $186K | $854K | 10x | as long as short |
| BingX 1000PEPE-USDCshort | +0.0827% | 8h | 0.000004856 | −0.033% | — | $2.3M | — | |
| MEXC PEPE_USDT | +0.0836% | 8h | 0.000004850 | −0.159% | $92.1M | $283.5M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0837% | 8h | 0.000004851 | −0.152% | $130.7M | $1.03B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0840% | 1h | 0.000004853 | −0.110% | $535K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0840% | 1h | 0.000004862 | +0.082% | $137K | — | 3x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0841% | 1h | 0.000004868 | +0.206% | $104K | $764K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0865% | 8h | 0.000004855 | −0.053% | $1.5M | $7.0M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004874 | +0.329% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1314% | 1h | 0.000004855 | −0.061% | $4.0M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD