Funding you earn now, next payment 05:00 UTC+0.0324%/8h= +35.5% APRpaid last 24h +0.087%
Price spread now: Backpack against BingX−0.014%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$420.423% of the position
Funding, last 7 days+0.153%+$15 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.014%, 7d avg +0.006%
=The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.153% in total (about 8.0% 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 | 0.000005023 | 0.0789 | pay 0.0789% / 8h | 3h 01m | — | $236.8M | — |
| Short | Backpack kPEPE_USDC_PERP | 0.000005022 | 0.1113 | get 0.0139% / 1h | 1m 09s | $84K | $766K | 15x |
BingX 1000PEPE-USDT
Backpack kPEPE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack 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
- $68.01
- Price spread: −0.014% → +0.006%
- −$1.99
- Slippage, 4 orders
- −$22.27
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $23.75
- Costs to cover
- 0.423%
- Break-even
- 4.6 days
Slippage from BingX: live order book, 8 min ago; Backpack: live order book, 53 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, 8 min ago | 0.48 bp | 5.9 bp −$6 | 7.5 bp −$75 | 13.5 bp −$1,346 | 31.5 bp −$15.8K |
| Sell Backpack live order book, 53 min ago | 0.94 bp | 6.6 bp −$7 | 24.4 bp −$244 | 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 | 0.000005043 | +0.406% | $19K | $95 | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | 0.0000% | 1h | 0.000005026 | +0.066% | $72K | $127K | 25x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0007% | 1h | 0.000005030 | +0.143% | $4K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +6.058% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005050 | +0.544% | $63K | $164K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005017 | −0.113% | $100.5M | $391.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005028 | +0.106% | $163.4M | $90.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005024 | +0.016% | $25.0M | $69.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005143 | +2.387% | $603K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005126 | +2.057% | $28K | $537K | 20x | as long as short |
dYdX PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005032 | +0.187% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005026 | +0.068% | $561K | $4.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005039 | +0.327% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0349% | 8h | 0.000005023 | +0.012% | $48.9M | $194.6M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0411% | 8h | 0.000005024 | +0.026% | $47.2M | $664.4M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0413% | 8h | 0.000005034 | +0.217% | $34K | $26K | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0505% | 1h | 0.000005028 | +0.106% | $2K | $10K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0541% | 8h | 0.000005032 | +0.185% | $4.6M | $27.6M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0558% | 8h | 0.000005049 | +0.533% | $6K | — | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005037 | +0.285% | $690K | $35.8M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0722% | 8h | 0.000005041 | +0.360% | $2.4M | $7.7M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0778% | 1h | 0.000005128 | +2.096% | $158K | $810K | 25x | as long as short |
| BingX 1000PEPE-USDTlong | +0.0789% | 8h | 0.000005023 | long leg | — | $236.8M | — | |
| Extended 1000PEPE-USD | +0.0824% | 1h | 0.000005026 | +0.070% | $533K | $252K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0824% | 1h | 0.000005034 | +0.225% | $142K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0826% | 8h | 0.000005034 | +0.233% | $144.5M | $1.36B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0829% | 8h | 0.000005026 | +0.058% | $96.9M | $299.2M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0904% | 8h | 0.000005036 | +0.257% | $1.7M | $10.6M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0931% | 1h | 0.000005044 | +0.429% | $171K | $929K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0968% | 1h | 0.000005047 | +0.484% | $609 | $3K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1028% / S −0.1618% | 1h | 0.000005000 | −0.452% | $67K | — | 100x | as long as short |
| Lighter 1000PEPE | +0.1080% | 1h | 0.000005033 | +0.205% | $617K | $8.9M | 10x | as long as short |
| Backpack kPEPE_USDC_PERPshort | +0.1113% | 1h | 0.000005022 | −0.014% | $84K | $766K | 15x | |
| Hyperliquid kPEPE | +0.1432% | 1h | 0.000005045 | +0.444% | $53.7M | $148.5M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1626% | 1h | 0.000005021 | −0.028% | $4.6M | $16.6M | 50x | as long as short |
SunX 1000PEPE-USDT
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
SoDEX 1000PEPE-USD
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
Lighter 1000PEPE
Hyperliquid kPEPE
Kraken Futures PF_PEPEUSD