PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0526%/8h= +57.6% APRnext payment +$5.26 per $10,000 · paid last 24h +0.048%

Price spread now: BingX against Gate+0.147%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 7 days−0.158%−$16 · spread now +0.147%, 7d avg +0.012%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and BingX is 0.135% dearer against Gate than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.012%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.26 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	Gate PEPE_USDT	0.000005037	0.0100	pay 0.0100% / 8h	4h 53m	$166.3M	$75.3M	75x
Short	BingX 1000PEPE-USDT	0.000005044	0.0626	get 0.0626% / 8h	4h 53m	—	$261.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee BingXbpOrdersPrice spread, now +0.147%Rate

Funding earned: $110.46
Price spread: +0.147% → +0.012%: $13.52
Slippage, 4 orders: −$13.16
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: $85.82
Costs to cover: 0.382%
Break-even: 1.6 days

Slippage from Gate: live order book, 5 min ago; BingX: live order book, 16 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 Gate live order book, 5 min ago	1.97 bp	12.8 bp −$13	21.2 bp −$212	68.3 bp −$6,832	doesn't fit
Sell BingX live order book, 16 min ago	0.10 bp	5.6 bp −$6	7.3 bp −$73	13.8 bp −$1,380	37.3 bp −$18.7K

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	0.000005036	−0.018%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005042	+0.095%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005042	+0.099%	$64K	$140K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005035	−0.042%	$98.2M	$343.4M	50x	as long as short
Gate PEPE_USDTlong	+0.0100%	8h	0.000005037	long leg	$166.3M	$75.3M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005040	+0.066%	$25.9M	$63.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005057	+0.390%	$679K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005051	+0.278%	$31K	$450K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005056	+0.383%	$2K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005048	+0.216%	$575K	$3.6M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0153%	8h	0.000005042	+0.093%	$45.9M	$173.8M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0166%	1h	0.000005043	+0.119%	$100K	$742K	25x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005050	+0.255%	$8K	—	15x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005044	+0.139%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0327%	8h	0.000005047	+0.201%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0359%	8h	0.000005042	+0.099%	$45.8M	$592.3M	50x	as long as short
BloFin PEPE-USDT	+0.0477%	8h	0.000005075	+0.754%	$4.3M	$25.3M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0527%	1h	0.000005048	+0.218%	$2K	$12K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0544%	1h	0.000005044	+0.139%	$71K	$124K	25x	as long as short
BingX 1000PEPE-USDTshort	+0.0626%	8h	0.000005044	+0.147%	—	$261.5M	—
Extended 1000PEPE-USD	+0.0664%	1h	0.000005042	+0.092%	$535K	$226K	25x	as long as short
MEXC PEPE_USDT	+0.0664%	8h	0.000005045	+0.159%	$94.4M	$286.2M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0664%	1h	0.000005040	+0.060%	$142K	—	3x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0667% / S −0.1037%	1h	0.000005000	−0.735%	$50K	—	100x	as long as short
Binance 1000PEPEUSDT	+0.0667%	8h	0.000005041	+0.083%	$141.6M	$1.22B	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005055	+0.357%	$957K	$31.8M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0685%	8h	0.000005048	+0.216%	$2.4M	$7.1M	50x	as long as short
Aster 1000PEPEUSDT	+0.0760%	8h	0.000005048	+0.216%	$1.8M	$9.3M	50x	as long as short
Nado kPEPE-PERP	+0.0800%	1h	0.000005054	+0.334%	$191K	$874K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0802%	8h	0.000005040	+0.069%	$6K	—	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0954%	1h	0.000005046	+0.183%	$93K	$640K	15x	as long as short
01 Exchange kPEPEUSD	+0.0976%	1h	0.000005055	+0.357%	$610	$3K	10x	as long as short
Lighter 1000PEPE	+0.1008%	1h	0.000005044	+0.139%	$624K	$8.1M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1291%	1h	0.000005044	+0.143%	$4.3M	$15.4M	50x	as long as short
Hyperliquid kPEPE	+0.1436%	1h	0.000005049	+0.238%	$54.1M	$139.8M	10x	as long as short