Funding you earn now, next payment 09:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h −0.021%
Price spread now: ApeX Omni against BingX+0.415%113s7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.415%, 7d avg −0.009%
=The price spread pays, funding is against you. ApeX Omni is 0.424% dearer against BingX than usual: you sell high and buy low (spread +0.415% now, against its 7-day average of −0.009%): +$42 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 5.3 days. At the pace of the last 7 days (−0.042% in total) that is about 2 months. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.042% in total (about -2.2% 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 | BingX 1000PEPE-USDT | 0.000005107 | 0.0642 | pay 0.0642% / 8h | 7h 41m | — | $175.9M | — |
| Short | ApeX Omni 1000PEPEUSDT | 0.000005128 | 0.0374 | get 0.0047% / 1h | 41m 42s | $149K | $837K | 25x |
BingX 1000PEPE-USDT
ApeX Omni 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- −$56.26
- Price spread: +0.415% → −0.009%
- $42.37
- Slippage, 4 orders
- −$17.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$50.91
- Costs to cover
- 0.370%
- Break-even
- from the start
Slippage from BingX: live order book, 12 min ago; ApeX Omni: live order book, 57 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, 12 min ago | 0.29 bp | 5.4 bp −$5 | 6.6 bp −$66 | 12.7 bp −$1,272 | 27.9 bp −$14.0K |
| Sell ApeX Omni live order book, 57 min ago | 5.32 bp | 12.3 bp −$12 | 104.5 bp −$1,045 | doesn't fit | doesn't fit |
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 | 0.000005118 | +0.211% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005110 | +0.061% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005119 | +0.239% | $60K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005119 | +0.231% | $98.6M | $435.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005117 | +0.200% | $162.5M | $99.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005122 | +0.291% | $642K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005134 | +0.538% | $28K | $551K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005127 | +0.394% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005123 | +0.317% | $599K | $4.2M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005128 | +0.415% | $7K | $121K | 12x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
Injective PEPE/USDC PERPShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0149% | 1h | 0.000005116 | +0.180% | $2K | $11K | 10x | as long as short |
| KuCoin PEPEUSDTM | +0.0161% | 8h | 0.000005117 | +0.206% | $26.7M | $74.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005116 | +0.173% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0213% | 8h | 0.000005108 | +0.025% | $46.1M | $222.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0305% | 8h | 0.000005116 | +0.174% | $2.4M | $8.1M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0336% | 8h | 0.000005116 | +0.180% | $47.0M | $748.2M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDTshort | +0.0374% | 1h | 0.000005128 | +0.415% | $149K | $837K | 25x | |
| Paradex kPEPE-USD-PERP | +0.0424% | 8h | 0.000005117 | +0.196% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0434% | 8h | 0.000005115 | +0.168% | $34K | $26K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0439% | 1h | 0.000005115 | +0.164% | $76K | $895K | 15x | as long as short |
| BloFin PEPE-USDT | +0.0457% | 8h | 0.000005121 | +0.278% | $4.5M | $30.4M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005121 | +0.278% | $673K | $39.8M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0517% | 1h | 0.000005120 | +0.258% | $53.0M | $160.3M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0544% | 1h | 0.000005106 | −0.016% | $616 | $2K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0620% | 1h | 0.000005112 | +0.109% | $4.8M | $16.5M | 50x | as long as short |
| Lighter 1000PEPE | +0.0624% | 1h | 0.000005121 | +0.278% | $614K | $9.0M | 10x | as long as short |
| BingX 1000PEPE-USDTlong | +0.0642% | 8h | 0.000005107 | long leg | — | $175.9M | — | |
| Nado kPEPE-PERP | +0.0665% | 1h | 0.000005118 | +0.224% | $164K | $965K | 10x | as long as short |
| Binance 1000PEPEUSDT | +0.0665% | 8h | 0.000005118 | +0.223% | $141.3M | $1.51B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0668% | 8h | 0.000005119 | +0.237% | $100.9M | $306.7M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0672% | 1h | 0.000005109 | +0.037% | $537K | $280K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0672% | 1h | 0.000005116 | +0.180% | $145K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0682% | 8h | 0.000005119 | +0.231% | $1.7M | $12.0M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0728% | 1h | 0.000005115 | +0.161% | $73K | $128K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1019% / S −0.1149% | 1h | 0.000005000 | −2.091% | $51K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
Hyperliquid kPEPE
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE
Nado kPEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
GMX PEPE/USD [ETH-USDC]