Funding you earn now, next payment 03:00 UTC+0.0505%/8h= +55.3% APRpaid last 24h +0.043%
Price spread now: BingX against Pacifica+0.024%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$460.460% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)+0.285%+$29 · spread now +0.024%, 7d avg −0.011%
=Together, before fees+0.326%+ Points / potential airdropPacifica: Active · farm board+$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and BingX is 0.035% dearer against Pacifica than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.011%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.1% 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 | Pacifica kPEPE | 0.000005015 | 0.0100 | pay 0.0013% / 1h | 17m 19s | $64K | $139K | 10x |
| Short | BingX 1000PEPE-USDT | 0.000005016 | 0.0605 | get 0.0605% / 8h | 5h 17m | — | $261.2M | — |
Pacifica kPEPE
BingX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Pacifica. 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
- $106.05
- Price spread: +0.024% → −0.011%
- $3.5
- Slippage, 4 orders
- −$28.02
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $63.53
- Costs to cover
- 0.460%
- Break-even
- 2.8 days
Slippage from Pacifica: live order book, 45 min ago; BingX: live order book, 2 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 Pacifica live order book, 45 min ago | 6.84 bp | 15.1 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 0.10 bp | 5.1 bp −$5 | 6.4 bp −$64 | 13.3 bp −$1,326 | 35.4 bp −$17.7K |
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 | 0.000005009 | −0.129% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005006 | −0.175% | $15K | — | 150x | as long as short |
| Pacifica kPEPElong | +0.0100% | 1h | 0.000005015 | long leg | $64K | $139K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005031 | +0.309% | $97.8M | $339.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005007 | −0.160% | $163.7M | $75.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005007 | −0.150% | $25.8M | $63.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005020 | +0.091% | $680K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005023 | +0.150% | $27K | $445K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005021 | +0.128% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005018 | +0.068% | $571K | $3.6M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0125% | 8h | 0.000005027 | +0.229% | $46.2M | $172.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005010 | −0.098% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0318% | 8h | 0.000005029 | +0.289% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0337% | 8h | 0.000005028 | +0.259% | $45.3M | $587.3M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0460% | 8h | 0.000005032 | +0.339% | $4.3M | $25.1M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0556% | 1h | 0.000005027 | +0.239% | $2K | $12K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0563% | 1h | 0.000005028 | +0.259% | $99K | $755K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005033 | +0.359% | $935K | $31.4M | 50x | as long as short |
| BingX 1000PEPE-USDTshort | +0.0605% | 8h | 0.000005016 | +0.024% | — | $261.2M | — | |
| GMX PEPE/USD [ETH-USDC] | L +0.0620% / S −0.1123% | 1h | 0.000005000 | −0.299% | $47K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0637% | 8h | 0.000005008 | −0.148% | $95.2M | $290.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0637% | 8h | 0.000005030 | +0.296% | $140.6M | $1.21B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0640% | 1h | 0.000005027 | +0.234% | $530K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0640% | 1h | 0.000005027 | +0.239% | $142K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0728% | 8h | 0.000005010 | −0.104% | $1.8M | $9.1M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0746% | 1h | 0.000005026 | +0.219% | $71K | $124K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0752% | 8h | 0.000005022 | +0.130% | $2.4M | $7.1M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0810% | 1h | 0.000005013 | −0.043% | $183K | $871K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0812% | 8h | 0.000005013 | −0.049% | $6K | — | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0968% | 1h | 0.000005015 | 0.000% | $605 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0970% | 1h | 0.000005010 | −0.102% | $96K | $627K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +1.795% | $4K | $102K | 12x | as long as short |
| Lighter 1000PEPE | +0.1216% | 1h | 0.000005032 | +0.339% | $672K | $8.1M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1384% | 1h | 0.000005027 | +0.232% | $4.3M | $15.2M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1614% | 1h | 0.000005016 | +0.020% | $53.5M | $139.4M | 10x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Phemex u1000PEPEUSDT
Nado kPEPE-PERP
Paradex kPEPE-USD-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE