Funding you earn now, next payment 08:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.37 per $10,000 · paid last 24h +0.008%
Price spread now: BingX against MEXC−0.079%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$130.134% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 7 days+0.050%+$5 · spread now −0.079%, 7d avg −0.041%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.038% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.041%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PEPE_USDT | 0.000005043 | 0.0602 | pay 0.0602% / 8h | 5h 39m | $96.0M | $287.8M | 300x |
| Short | BingX 1000PEPE-USDT | 0.000005039 | 0.0565 | get 0.0565% / 8h | 5h 39m | — | $260.8M | — |
MEXC PEPE_USDT
BingX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- −$7.77
- Price spread: −0.079% → −0.041%
- −$3.85
- Slippage, 4 orders
- −$3.41
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$25.02
- Costs to cover
- 0.134%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 10 min ago; BingX: live order book, 15 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 MEXC live order book, 10 min ago | 0.30 bp | 1.4 bp −$1 | 10.2 bp −$102 | 47.2 bp −$4,717 | 80.0 bp −$40.0K |
| Sell BingX live order book, 15 min ago | 0.10 bp | 5.3 bp −$5 | 9.6 bp −$96 | 16.0 bp −$1,602 | 43.6 bp −$21.8K |
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 | 0.000005045 | +0.037% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005035 | −0.167% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005049 | +0.117% | $64K | $136K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005046 | +0.059% | $98.7M | $333.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005052 | +0.176% | $165.6M | $74.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005042 | −0.016% | $25.3M | $62.1M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005044 | +0.012% | $46.3M | $171.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005050 | +0.127% | $680K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005056 | +0.262% | $27K | $423K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005069 | +0.510% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
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 | 0.000005062 | +0.367% | $578K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005045 | +0.031% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0309% | 8h | 0.000005048 | +0.097% | $45.9M | $583.1M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0314% | 8h | 0.000005071 | +0.557% | $33K | $24K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0420% | 8h | 0.000005057 | +0.276% | $4.4M | $25.2M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0540% | 1h | 0.000005065 | +0.434% | $61K | $114K | 25x | as long as short |
| BingX 1000PEPE-USDTshort | +0.0565% | 8h | 0.000005039 | −0.079% | — | $260.8M | — | |
| GMX PEPE/USD [ETH-USDC] | L +0.0572% / S −0.0881% | 1h | 0.000005000 | −0.855% | $49K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005071 | +0.553% | $839K | $31.1M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0589% | 1h | 0.000005068 | +0.494% | $2K | $12K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0600% | 1h | 0.000005055 | +0.229% | $536K | $221K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0600% | 1h | 0.000005069 | +0.514% | $143K | — | 3x | as long as short |
| MEXC PEPE_USDTlong | +0.0602% | 8h | 0.000005043 | long leg | $96.0M | $287.8M | 300x | |
| Binance 1000PEPEUSDT | +0.0605% | 8h | 0.000005049 | +0.107% | $141.5M | $1.20B | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0641% | 8h | 0.000005071 | +0.553% | $2.4M | $7.0M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0700% | 8h | 0.000005052 | +0.178% | $1.8M | $9.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0757% | 8h | 0.000005042 | −0.022% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0901% | 1h | 0.000005049 | +0.110% | $184K | $866K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0941% | 1h | 0.000005067 | +0.468% | $99K | $618K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +1.227% | $4K | $102K | 12x | as long as short |
| 01 Exchange kPEPEUSD | +0.0984% | 1h | 0.000005060 | +0.335% | $610 | $3K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0992% | 1h | 0.000005065 | +0.434% | $99K | $752K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1373% | 1h | 0.000005068 | +0.497% | $4.2M | $15.1M | 50x | as long as short |
| Lighter 1000PEPE | +0.1520% | 1h | 0.000005048 | +0.097% | $717K | $8.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.1814% | 1h | 0.000005053 | +0.196% | $55.5M | $137.2M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
SoDEX 1000PEPE-USD
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Phemex u1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE