Funding you earn now, next payment 08:00 UTC+0.0327%/8h= +35.8% APRnext payment +$3.27 per $10,000 · paid last 24h +0.035%
Price spread now: BingX against OKX−0.186%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$450.455% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 7 days+0.145%+$15 · spread now −0.186%, 7d avg −0.035%
=Funding pays, the price is against you. BingX is 0.152% cheaper against OKX than usual: you would sell low and buy high (spread −0.186% now, against its 7-day average of −0.035%). If the spread goes back, that is −$15 on $10k: about 37 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.092% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.092% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.27 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 | OKX PEPE-USDT-SWAP | 0.000005096 | 0.0424 | pay 0.0424% / 8h | 2h 19m | $46.8M | $700.4M | 50x |
| Short | BingX 1000PEPE-USDC | 0.000005086 | 0.0751 | get 0.0751% / 8h | 2h 19m | — | $2.3M | — |
OKX PEPE-USDT-SWAP
BingX 1000PEPE-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against OKX. 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
- $68.66
- Price spread: −0.186% → −0.035%
- −$15.19
- Slippage, 4 orders
- −$25.48
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $7.99
- Costs to cover
- 0.455%
- Break-even
- 6.2 days
Slippage from OKX: live order book, 5 min ago; BingX: live order book, 14 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 OKX live order book, 5 min ago | 0.99 bp | 7.7 bp −$8 | 12.4 bp −$124 | 28.3 bp −$2,830 | doesn't fit |
| Sell BingX live order book, 14 min ago | 1.10 bp | 15.0 bp −$15 | 23.2 bp −$232 | 88.6 bp −$8,856 | 235.7 bp −$117.9K |
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 | 0.000005079 | −0.342% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005078 | −0.349% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005086 | −0.196% | $58K | $178K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005088 | −0.153% | $100.0M | $406.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005082 | −0.275% | $162.5M | $94.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005093 | −0.057% | $25.3M | $71.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005062 | −0.675% | $602K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005066 | −0.595% | $28K | $539K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005089 | −0.141% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005083 | −0.249% | $569K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005093 | −0.051% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0254% | 1h | 0.000005083 | −0.255% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0334% | 8h | 0.000005090 | −0.120% | $45.4M | $211.1M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0395% | 8h | 0.000005083 | −0.259% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0424% | 8h | 0.000005096 | long leg | $46.8M | $700.4M | 50x | |
| BloFin PEPE-USDT | +0.0546% | 8h | 0.000005063 | −0.648% | $4.4M | $28.3M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0568% | 8h | 0.000005091 | −0.094% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0623% | 8h | 0.000005080 | −0.314% | $2.4M | $7.9M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0657% | 1h | 0.000005090 | −0.122% | $74K | $834K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0671% | 1h | 0.000005095 | −0.010% | $168K | $944K | 10x | as long as short |
| Lighter 1000PEPE | +0.0672% | 1h | 0.000005094 | −0.039% | $603K | $9.1M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005089 | −0.137% | $647K | $37.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0688% | 1h | 0.000005085 | −0.216% | $613 | $3K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0717% | 1h | 0.000005024 | −1.413% | $154K | $813K | 25x | as long as short |
| BingX 1000PEPE-USDCshort | +0.0751% | 8h | 0.000005086 | −0.186% | — | $2.3M | — | |
| MEXC PEPE_USDT | +0.0796% | 8h | 0.000005078 | −0.345% | $97.8M | $302.9M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005082 | −0.276% | $539K | $277K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005079 | −0.334% | $144K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0801% | 8h | 0.000005089 | −0.139% | $142.7M | $1.42B | 75x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0841% | 1h | 0.000005079 | −0.334% | $4.6M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0844% | 8h | 0.000005092 | −0.077% | $1.8M | $11.2M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0932% | 1h | 0.000005083 | −0.255% | $73K | $127K | 25x | as long as short |
| Hyperliquid kPEPE | +0.1006% | 1h | 0.000005098 | +0.039% | $53.9M | $152.9M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1130% / S −0.2171% | 1h | 0.000005000 | −1.884% | $64K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005027 | −1.354% | $3K | $111K | 12x | as long as short |
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP