Settings8H · net · $10k
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Funding arb · Price arb / RWA

PEP

RWAAll PEP markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
GatePEP_USDT
142.7000.0000% / 8h1h 57m$148K$1K25xLong Gate
SHORT
BingXNCSKPEP2USD-USDT
142.54+0.0050get 0.0050% / 8h1h 57m$922K$374K—Short BingX
Price gap−0.112%
Funding gap+0.0050% /8h

Funding pays +$2 a day on $10k, but the gap is 0.197% under its 7d average: −$20 if it goes back, about 13 days of funding.

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−$20spread −0.112% now, avg +0.085% → −0.197% if it goes back
Costs−$6246.241% of $10k · taker + slippage, in and out
Result−$624−6.24%no points

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.112%
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

1 ok · 4 to watch
  • Watch: Thin at this size246.1 / 36.4 bp
    At $10k entering Gate costs 246.1 bp, fee and slippage, 6.8× BingX’s.
  • Note: Margin at max leverage$400 + —
    Gate 25x, BingX —. 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 Gate: 3 payments, $0.00; short BingX: 3 payments, +$1.50.
  • Watch: Gap narrower than usual−0.112% vs +0.085%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$148K vs $922K OI
    Gate sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCGate Yes · BingX Yes
    KYC before the futures account opens; unverified accounts can only withdraw and close positions.

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−0.112% → +0.085% (7d avg)−$19.75
Slippage, 4 orderslive order books−$599.08
Fee Gate bp × 2 orders−$15.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$624.11
Costs to cover6.241%Break-even228.5 days
Slippage: Gate: live order book, 51 min ago; BingX: live order book, 68 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGGate51.19246.1 bp−$246doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX20.6136.4 bp−$36162.7 bp−$1,627389.2 bp−$38.9K905.1 bp−$452.6K

Closing costs about the same again.

Alert

PEP news

posts that mention PEP or PepsiCo, from every exchange
11-05 14:08KalshiListingnew market KXPEPPERP ($PEP) seen by our collector
11-02 12:14OKXListingnew market PEP-USDT-SWAP ($PEP) seen by our collector
10-12 16:50ExtendedListingNow available to trade: $ABNB and $PEP (Airbnb and PepsiCo) with up to 10x leverage @extendedapp on X ↗
10-12 15:44ExtendedListingnew market PEP-USD ($PEP) seen by our collector
10-10 14:51KalshiOtherBREAKING: PepsiCo cuts its full-year profit outlook as North America stays weak and costs rise @Kalshi on X ↗
10-05 14:49BingXOther📊 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 ↗