PEP

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKPEP2USD-USDT	142.54	+0.0050	pay 0.0050% / 8h	1h 57m	$922K	$374K	—	Long BingX
SHORT	BybitPEPUSDT	142.63	0	0.0000% / 8h	1h 57m	$140K	$185K	25x	Short Bybit

Price gap+0.063%

Funding gap−0.0050% /8h

The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 2.0 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$20−0.0050% /8h now · paid −0.197% over the last 7D

Price+$3spread +0.063% now, avg +0.033% → +0.031% if it goes back

Costs−$2782.784% of $10k · taker + slippage, in and out

Result−$295−2.95%no points

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.063%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PEP on 9 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size29.6 / 94.7 bp
At $10k entering Bybit costs 94.7 bp, fee and slippage, 3.2× BingX’s.
Note: Margin at max leverage— + $400
BingX —, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$1.50Long BingX: 3 payments, −$1.50; short Bybit: 3 payments, $0.00.
OK: Entry gap works for you+0.063% vs +0.033%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$140K vs $922K OI
Bybit sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · Bybit Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0094%/8h × 21 periods−$19.72

Price spread+0.063% → +0.033% (7d avg)+$3.05

Slippage, 4 orderslive order books−$257.36

Fee BingX bp × 2 orders−$10.00

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$295.03

Costs to cover2.784%Break-evennever at this rate

Slippage: BingX: live order book, 68 min ago; Bybit: live order book, 40 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX20.6129.6 bp−$30181.5 bp−$1,815410.3 bp−$41.0K890.8 bp−$445.4K

SELL · SHORTBybit12.9494.7 bp−$95doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

PEP news

posts that mention PEP or PepsiCo, from every exchange

11-05 14:08	Kalshi	Listing	new market KXPEPPERP ($PEP) seen by our collector
11-02 12:14	OKX	Listing	new market PEP-USDT-SWAP ($PEP) seen by our collector
10-12 16:50	Extended	Listing	Now available to trade: $ABNB and $PEP (Airbnb and PepsiCo) with up to 10x leverage @extendedapp on X ↗
10-12 15:44	Extended	Listing	new market PEP-USD ($PEP) seen by our collector
10-10 14:51	Kalshi	Other	BREAKING: PepsiCo cuts its full-year profit outlook as North America stays weak and costs rise @Kalshi on X ↗
10-05 14:49	BingX	Other	📊 BingX TradFi Weekly Watch: Fed minutes, long-bond supply and consumer earnings take the spotlight. FOMC minutes, the 10Y and 30Y Treasury auctions, PepsiCo and Delta earnings, and Michigan sentiment are all in focus this week. Which test are you watching? 👇 @BingXOfficial on X ↗

PEP