Funding you earn now, next payment 16:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.27 per $10,000 · paid last 24h +0.045%
Price spread now: BingX against Orderly−0.030%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.030% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_1000PEPE_USDC | 0.000004976 | 0.0356 | pay 0.0356% / 8h | 5h 58m | $32K | $30K | 20x |
| Short | BingX 1000PEPE-USDC | 0.000004974 | 0.0329 | get 0.0329% / 8h | 5h 58m | — | $2.3M | — |
Orderly PERP_1000PEPE_USDC
BingX 1000PEPE-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Orderly. 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
- −$5.71
- Price spread: −0.030% → 0.000%
- −$3.01
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$24.73
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; BingX: live order book, 3 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 3 min ago | 0.50 bp | 9.2 bp −$9 | 14.6 bp −$146 | 71.7 bp −$7,173 | 221.0 bp −$110.5K |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PEPE on 35 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0369% | 1h | 0.000004973 | −0.066% | $4.6M | $16.5M | 50x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004972 | −0.070% | $3K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004978 | +0.042% | $598K | $9.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004965 | −0.219% | $50.2M | $156.0M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004981 | +0.102% | $57K | $195K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004969 | −0.141% | $94.5M | $440.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004964 | −0.239% | $154.5M | $101.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004970 | −0.123% | $25.1M | $75.6M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004969 | −0.129% | $45.3M | $224.1M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004967 | −0.185% | $77K | $988K | 15x | as long as short |
Kraken Futures PF_PEPEUSD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Backpack kPEPE_USDC_PERPShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004972 | −0.072% | $646K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004974 | −0.036% | $27K | $571K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004976 | +0.002% | $144K | $850K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004983 | +0.135% | $1K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004976 | +0.002% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004986 | +0.197% | $584K | $4.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004968 | −0.159% | $2.3M | $8.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0112% | 8h | 0.000004976 | −0.003% | $6K | — | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0153% | 8h | 0.000004971 | −0.098% | $44.8M | $724.4M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004974 | −0.029% | $8K | — | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0216% | 1h | 0.000004973 | −0.058% | $600 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0274% | 8h | 0.000004975 | −0.018% | $4.3M | $28.8M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0284% | 1h | 0.000004983 | +0.143% | $5K | $122K | 12x | as long as short |
| Extended 1000PEPE-USD | +0.0304% | 1h | 0.000004969 | −0.139% | $522K | $285K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0307% | 8h | 0.000004972 | −0.088% | $128.5M | $1.53B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0312% | 8h | 0.000004971 | −0.102% | $102.1M | $294.1M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0314% | 8h | 0.000004971 | −0.108% | $1.8M | $12.4M | 50x | as long as short |
| Aevo 1000PEPE-PERP | +0.0320% | 1h | 0.000004977 | +0.022% | $141K | — | 3x | as long as short |
| BingX 1000PEPE-USDCshort | +0.0329% | 8h | 0.000004974 | −0.030% | — | $2.3M | — | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0353% | 1h | 0.000004977 | +0.022% | $57K | $115K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDClong | +0.0356% | 8h | 0.000004976 | long leg | $32K | $30K | 20x | |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004979 | +0.062% | $695K | $38.7M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0839% / S −0.0953% | 1h | 0.000004000 | −19.613% | $51K | — | 100x | as long as short |
| Nado kPEPE-PERP | +0.0912% | 1h | 0.000004975 | −0.020% | $137K | $932K | 10x | as long as short |
| dYdX PEPE-USD | +0.6623% | 1h | 0.000004977 | +0.021% | $25K | $18K | 10x | as long as short |
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
01 Exchange kPEPEUSD
BloFin PEPE-USDT
Injective PEPE/USDC PERP
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Aevo 1000PEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
Nado kPEPE-PERP
dYdX PEPE-USD