Funding you earn now, next payment 11:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h +0.025%
Price spread now: Aevo against BingX−0.132%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,180as in the Price arb table
costs, in and out, $10k−$1,16711.667% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)+0.418%+$42 · spread now −0.132%, 7d avg −0.003%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 0.129% cheaper against BingX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000PEPE-USDC | 0.000004921 | 0.0166 | pay 0.0166% / 8h | 5h 08m | — | $2.3M | — |
| Short | Aevo 1000PEPE-PERP | 0.000004914 | 0.0144 | get 0.0018% / 1h | 8m 28s | $139K | — | 3x |
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against BingX. 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
- −$4.62
- Price spread: −0.132% → −0.003%
- −$12.93
- Slippage, 4 orders
- −$1,140.67
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$1,184.22
- Costs to cover
- 11.667%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Aevo: live order book, 38 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 BingX live order book, 3 min ago | 0.61 bp | 14.8 bp −$15 | 20.7 bp −$207 | 77.0 bp −$7,696 | 209.2 bp −$104.6K |
| Sell Aevo live order book, 38 min ago | 267.65 bp | 586.1 bp −$586 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0373% | 1h | 0.000004919 | −0.034% | $4.5M | $16.1M | 50x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004914 | −0.126% | $3K | — | 150x | as long as short |
| 01 Exchange kPEPEUSD | +0.0048% | 1h | 0.000004925 | +0.091% | $594 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004928 | +0.152% | $598K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0100% | 1h | 0.000004918 | −0.041% | $139K | $952K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004927 | +0.132% | $49.9M | $155.0M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004927 | +0.132% | $58K | $198K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004923 | +0.053% | $92.5M | $446.1M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0100% | 8h | 0.000004923 | +0.051% | $44.0M | $719.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004923 | +0.051% | $149.1M | $104.5M | 75x | as long as short |
Kraken Futures PF_PEPEUSD
gTrade (Gains Network) PEPE/USD
01 Exchange kPEPEUSD
Lighter 1000PEPE
Nado kPEPE-PERP
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Gate PEPE_USDTShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004925 | +0.096% | $24.6M | $76.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004927 | +0.140% | $43.8M | $233.8M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004923 | +0.045% | $74K | $997K | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004915 | −0.107% | $638K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004924 | +0.065% | $26K | $571K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004924 | +0.071% | $109K | $870K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004929 | +0.169% | $1K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004920 | −0.010% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004922 | +0.028% | $578K | $4.3M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004920 | −0.018% | $2.3M | $8.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0107% | 8h | 0.000004926 | +0.111% | $6K | — | 20x | as long as short |
| Binance 1000PEPEUSDT | +0.0140% | 8h | 0.000004928 | +0.161% | $127.3M | $1.53B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0140% | 8h | 0.000004925 | +0.102% | $98.8M | $299.1M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0144% | 1h | 0.000004923 | +0.059% | $517K | $288K | 25x | as long as short |
| Aevo 1000PEPE-PERPshort | +0.0144% | 1h | 0.000004914 | −0.132% | $139K | — | 3x | |
| Aster 1000PEPEUSDT | +0.0148% | 8h | 0.000004929 | +0.176% | $1.7M | $12.6M | 50x | as long as short |
| BingX 1000PEPE-USDClong | +0.0166% | 8h | 0.000004921 | long leg | — | $2.3M | — | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004919 | −0.038% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0220% | 8h | 0.000004919 | −0.030% | $4.2M | $28.3M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0284% | 1h | 0.000004904 | −0.335% | $3K | $123K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0287% | 8h | 0.000004915 | −0.110% | $32K | $30K | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0360% | 1h | 0.000004920 | −0.010% | $61K | $119K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004920 | −0.010% | $728K | $38.6M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0793% / S −0.0894% | 1h | 0.000004000 | −18.707% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.3631% | 1h | 0.000004923 | +0.043% | $25K | $18K | 10x | as long as short |
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Backpack kPEPE_USDC_PERP
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD