Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.3% APRnext payment +$0.40 per $10,000 · paid last 24h −0.007%
Price spread now: Binance against BingX+0.177%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$430.427% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 7 days−0.081%−$8 · spread now +0.177%, 7d avg +0.079%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.098% dearer against BingX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.079%. Mind the row above: over the last 7 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000PEPE-USDC | 0.000005263 | 0.0763 | pay 0.0763% / 8h | 3h 28m | — | $2.3M | — |
| Short | Binance 1000PEPEUSDT | 0.000005273 | 0.0803 | get 0.0803% / 8h | 3h 28m | $153.8M | $1.33B | 75x |
BingX 1000PEPE-USDC
Binance 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $8.32
- Price spread: +0.177% → +0.079%
- $9.76
- Slippage, 4 orders
- −$22.69
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$24.61
- Costs to cover
- 0.427%
- Break-even
- 27.7 days
Slippage from BingX: live order book, 5 min ago; Binance: live order book, 16 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, 5 min ago | 1.32 bp | 9.6 bp −$10 | 17.5 bp −$175 | 95.8 bp −$9,576 | 279.0 bp −$139.5K |
| Sell Binance live order book, 16 min ago | 0.56 bp | 8.9 bp −$9 | 16.2 bp −$162 | 43.2 bp −$4,319 | 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 | 0.000005263 | −0.015% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005270 | +0.137% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +1.210% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005273 | +0.184% | $67K | $162K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005265 | +0.032% | $106.9M | $378.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005264 | +0.013% | $174.7M | $87.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005269 | +0.106% | $26.3M | $68.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005312 | +0.917% | $747K | $5.1M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005299 | +0.683% | $29K | $535K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005282 | +0.351% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005287 | +0.454% | $600K | $3.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005267 | +0.062% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0291% | 8h | 0.000005269 | +0.112% | $51.2M | $190.1M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0320% | 1h | 0.000005268 | +0.089% | $75K | $126K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0389% | 8h | 0.000005267 | +0.070% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0432% | 8h | 0.000005269 | +0.108% | $51.5M | $677.8M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0479% | 1h | 0.000005271 | +0.146% | $2K | $10K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0563% | 8h | 0.000005267 | +0.070% | $4.9M | $28.3M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0582% | 8h | 0.000005271 | +0.141% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0624% | 8h | 0.000005269 | +0.108% | $2.5M | $7.5M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005288 | +0.469% | $706K | $36.6M | 50x | as long as short |
| BingX 1000PEPE-USDClong | +0.0763% | 8h | 0.000005263 | long leg | — | $2.3M | — | |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005274 | +0.194% | $559K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005258 | −0.101% | $149K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0801% | 8h | 0.000005268 | +0.093% | $103.2M | $295.1M | 300x | as long as short |
| Binance 1000PEPEUSDTshort | +0.0803% | 8h | 0.000005273 | +0.177% | $153.8M | $1.33B | 75x | |
| Nado kPEPE-PERP | +0.0875% | 1h | 0.000005269 | +0.104% | $190K | $916K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0904% | 1h | 0.000005308 | +0.849% | $163K | $808K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0918% | 8h | 0.000005271 | +0.146% | $1.9M | $10.3M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0945% / S −0.1879% | 1h | 0.000005000 | −5.003% | $65K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.1016% | 1h | 0.000005285 | +0.412% | $637 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1199% | 1h | 0.000005269 | +0.104% | $69K | $724K | 15x | as long as short |
| Lighter 1000PEPE | +0.1256% | 1h | 0.000005276 | +0.241% | $699K | $8.7M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1550% | 1h | 0.000005266 | +0.055% | $4.8M | $16.4M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1621% | 1h | 0.000005275 | +0.222% | $57.7M | $145.3M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE