Funding you earn now, next payment 08:00 UTC+0.0635%/8h= +69.5% APRnext payment +$6.35 per $10,000 · paid last 24h +0.047%
Price spread now: BingX against Bybit+0.014%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$310.307% of the position
Funding, last 7 days+0.165%+$16 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now +0.014%, 7d avg +0.037%
=Funding pays, the price is against you. BingX is 0.024% cheaper against Bybit than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.037%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.165% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.165% in total (about 8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.35 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 | Bybit 1000PEPEUSDT | 0.000005140 | 0.0100 | pay 0.0100% / 8h | 1h 39m | $101.3M | $415.9M | 50x |
| Short | BingX 1000PEPE-USDT | 0.000005141 | 0.0735 | get 0.0735% / 8h | 1h 39m | — | $217.6M | — |
Bybit 1000PEPEUSDT
BingX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- $133.35
- Price spread: +0.014% → +0.037%
- −$2.37
- Slippage, 4 orders
- −$9.66
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $100.31
- Costs to cover
- 0.307%
- Break-even
- 1.7 days
Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 5 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 Bybit live order book, 5 min ago | 0.97 bp | 10.3 bp −$10 | 15.2 bp −$152 | 32.5 bp −$3,246 | 158.1 bp −$79.1K |
| Sell BingX live order book, 5 min ago | 0.10 bp | 5.3 bp −$5 | 6.9 bp −$69 | 14.8 bp −$1,480 | 34.6 bp −$17.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005133 | −0.132% | $9K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005134 | −0.104% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005133 | −0.126% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005132 | −0.152% | $60K | $181K | 10x | as long as short |
| Bybit 1000PEPEUSDTlong | +0.0100% | 8h | 0.000005140 | long leg | $101.3M | $415.9M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005135 | −0.093% | $164.4M | $96.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005143 | +0.062% | $26.0M | $72.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005155 | +0.288% | $615K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005161 | +0.421% | $28K | $541K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005148 | +0.152% | $1K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
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 | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005132 | −0.150% | $592K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0176% | 1h | 0.000005142 | +0.043% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005139 | −0.013% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0295% | 8h | 0.000005140 | +0.010% | $46.1M | $214.6M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0347% | 1h | 0.000005157 | +0.335% | $156K | $822K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0385% | 8h | 0.000005141 | +0.033% | $34K | $26K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0386% | 1h | 0.000005140 | −0.004% | $74K | $855K | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0419% | 8h | 0.000005140 | +0.004% | $48.1M | $726.0M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0454% | 1h | 0.000005142 | +0.042% | $4.7M | $16.9M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0508% | 8h | 0.000005129 | −0.205% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0544% | 8h | 0.000005140 | +0.004% | $4.6M | $29.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0580% | 8h | 0.000005139 | −0.006% | $2.4M | $8.0M | 50x | as long as short |
| Lighter 1000PEPE | +0.0584% | 1h | 0.000005146 | +0.121% | $614K | $9.0M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005141 | +0.023% | $661K | $38.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005138 | −0.035% | $620 | $3K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0724% | 1h | 0.000005139 | −0.016% | $73K | $127K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0732% | 1h | 0.000005140 | +0.014% | $164K | $957K | 10x | as long as short |
| BingX 1000PEPE-USDTshort | +0.0735% | 8h | 0.000005141 | +0.014% | — | $217.6M | — | |
| Extended 1000PEPE-USD | +0.0768% | 1h | 0.000005140 | +0.012% | $544K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005142 | +0.043% | $145K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0770% | 8h | 0.000005139 | −0.019% | $142.3M | $1.46B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0771% | 8h | 0.000005143 | +0.066% | $99.0M | $303.4M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0775% | 8h | 0.000005140 | −0.004% | $1.8M | $11.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0991% | 1h | 0.000005146 | +0.121% | $55.1M | $154.6M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1132% / S −0.2351% | 1h | 0.000005000 | −2.720% | $63K | — | 100x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]