PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0535%/8h= −58.6% APRnext payment −$5.35 per $10,000 · paid last 24h −0.048%

Price spread now: Gate against BingX+0.033%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$510.505% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.033% dearer against BingX than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.122% in total) that is about 46 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.35 per $10,000. 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-USDC	0.000005093	0.0635	pay 0.0635% / 8h	4h 41m	—	$2.3M	—
Short	Gate PEPE_USDT	0.000005095	0.0100	get 0.0100% / 8h	4h 41m	$168.3M	$76.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee GatebpOrdersPrice spread, now +0.033%Rate

Funding earned: −$112.35
Price spread: +0.033% → 0.000%: $3.34
Slippage, 4 orders: −$25.53
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$159.54
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Gate: live order book, 2 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, 7 min ago	1.39 bp	14.6 bp −$15	18.9 bp −$189	86.7 bp −$8,666	259.8 bp −$129.9K
Sell Gate live order book, 2 min ago	1.96 bp	10.2 bp −$10	18.3 bp −$183	62.6 bp −$6,258	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	0.000005091	−0.053%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005086	−0.137%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005100	+0.132%	$65K	$140K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005090	−0.065%	$99.6M	$346.0M	50x	as long as short
Gate PEPE_USDTshort	+0.0100%	8h	0.000005095	+0.033%	$168.3M	$76.1M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005097	+0.082%	$26.2M	$63.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005034	−1.173%	$675K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005091	−0.054%	$31K	$451K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005111	+0.355%	$1K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005106	+0.255%	$581K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0171%	8h	0.000005094	+0.020%	$46.5M	$175.0M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005091	−0.041%	$8K	—	15x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005044	−0.968%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0333%	8h	0.000005093	+0.002%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0362%	8h	0.000005094	+0.014%	$45.9M	$602.7M	50x	as long as short
BloFin PEPE-USDT	+0.0482%	8h	0.000005085	−0.163%	$4.4M	$25.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0604%	8h	0.000005095	+0.037%	$2.4M	$7.1M	50x	as long as short
BingX 1000PEPE-USDClong	+0.0635%	8h	0.000005093	long leg	—	$2.3M	—
ApeX Omni 1000PEPEUSDT	+0.0663%	1h	0.000005050	−0.850%	$100K	$742K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0671% / S −0.0923%	1h	0.000005000	−1.832%	$46K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005101	+0.151%	$970K	$32.2M	50x	as long as short
Extended 1000PEPE-USD	+0.0688%	1h	0.000005098	+0.102%	$538K	$226K	25x	as long as short
MEXC PEPE_USDT	+0.0688%	8h	0.000005100	+0.134%	$93.5M	$287.5M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0688%	1h	0.000005080	−0.261%	$144K	—	3x	as long as short
SoDEX 1000PEPE-USD	+0.0689%	1h	0.000005088	−0.104%	$2K	$12K	10x	as long as short
Binance 1000PEPEUSDT	+0.0694%	8h	0.000005098	+0.086%	$143.6M	$1.22B	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0733%	1h	0.000005091	−0.045%	$72K	$124K	25x	as long as short
Nado kPEPE-PERP	+0.0783%	1h	0.000005094	+0.012%	$199K	$880K	10x	as long as short
Aster 1000PEPEUSDT	+0.0788%	8h	0.000005101	+0.157%	$1.8M	$9.2M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0794%	8h	0.000005092	−0.030%	$6K	—	20x	as long as short
Lighter 1000PEPE	+0.0880%	1h	0.000005100	+0.132%	$580K	$8.2M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0909%	1h	0.000005097	+0.069%	$99K	$644K	15x	as long as short
01 Exchange kPEPEUSD	+0.1008%	1h	0.000005108	+0.289%	$616	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1280%	1h	0.000005087	−0.126%	$4.4M	$15.5M	50x	as long as short
Hyperliquid kPEPE	+0.1456%	1h	0.000005107	+0.269%	$54.7M	$140.2M	10x	as long as short