Funding you earn now, next payment 07:00 UTC+0.0274%/8h= +30.0% APRpaid last 24h −0.171%
Price spread now: BingX against Kraken Futures−0.040%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$530.528% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now −0.040%, 7d avg +0.019%
=Funding pays, the price is against you. BingX is 0.059% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of +0.019%). If the spread goes back, that is −$6 on $10k: about 17 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.103%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.103% in total (about -5.4% a year). A funding rate is set anew for every payment. 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 | Kraken Futures PF_PEPEUSD | 0.000005076 | 0.0460 | pay 0.0057% / 1h | 34m 00s | $4.6M | $16.5M | 50x |
| Short | BingX 1000PEPE-USDC | 0.000005074 | 0.0734 | get 0.0734% / 8h | 1h 34m | — | $2.3M | — |
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- $57.58
- Price spread: −0.040% → +0.019%
- −$5.85
- Slippage, 4 orders
- −$32.84
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1.11
- Costs to cover
- 0.528%
- Break-even
- 7.1 days
Slippage from Kraken Futures: 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 Kraken Futures live order book, 5 min ago | 5.06 bp | 15.1 bp −$15 | 23.3 bp −$233 | 66.5 bp −$6,647 | doesn't fit |
| Sell BingX live order book, 5 min ago | 1.17 bp | 12.3 bp −$12 | 21.3 bp −$213 | 90.4 bp −$9,037 | 257.2 bp −$128.6K |
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 | 0.000005083 | +0.140% | $9K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005072 | −0.074% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005071 | −0.089% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005079 | +0.061% | $59K | $181K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005076 | 0.000% | $99.4M | $418.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005075 | −0.018% | $161.7M | $96.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005076 | +0.008% | $25.7M | $72.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005114 | +0.743% | $611K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005128 | +1.018% | $28K | $542K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005085 | +0.185% | $1K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | 0.000005077 | +0.029% | $587K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0171% | 1h | 0.000005076 | +0.002% | $2K | $11K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0188% | 1h | 0.000005132 | +1.105% | $155K | $822K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005077 | +0.016% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0292% | 8h | 0.000005075 | −0.022% | $45.4M | $215.4M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0377% | 1h | 0.000005077 | +0.020% | $72K | $857K | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0387% | 8h | 0.000005081 | +0.094% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0411% | 8h | 0.000005076 | +0.002% | $47.1M | $720.3M | 50x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.0460% | 1h | 0.000005076 | long leg | $4.6M | $16.5M | 50x | |
| Paradex kPEPE-USD-PERP | +0.0500% | 8h | 0.000005070 | −0.121% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0535% | 8h | 0.000005078 | +0.041% | $4.5M | $29.2M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0538% | 1h | 0.000005079 | +0.061% | $72K | $127K | 25x | as long as short |
| Lighter 1000PEPE | +0.0568% | 1h | 0.000005082 | +0.120% | $606K | $9.0M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0583% | 8h | 0.000005081 | +0.106% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005079 | +0.061% | $687K | $38.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005080 | +0.081% | $613 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDCshort | +0.0734% | 8h | 0.000005074 | −0.040% | — | $2.3M | — | |
| Binance 1000PEPEUSDT | +0.0765% | 8h | 0.000005077 | +0.022% | $139.9M | $1.46B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0768% | 1h | 0.000005077 | +0.023% | $538K | $280K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0768% | 8h | 0.000005080 | +0.083% | $96.9M | $304.1M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005079 | +0.061% | $144K | — | 3x | as long as short |
| Nado kPEPE-PERP | +0.0769% | 1h | 0.000005074 | −0.045% | $163K | $959K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0769% | 8h | 0.000005078 | +0.037% | $1.8M | $11.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0974% | 1h | 0.000005080 | +0.081% | $53.5M | $155.8M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1130% / S −0.2257% | 1h | 0.000005000 | −1.495% | $63K | — | 100x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Backpack kPEPE_USDC_PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Lighter 1000PEPE
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Nado kPEPE-PERP
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]