Funding you earn now, next payment 08:00 UTC−0.0355%/8h= −38.9% APRnext payment −$3.55 per $10,000 · paid last 24h −0.034%
Price spread now: OKX against BingX+0.060%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$290.287% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 7 days−0.079%−$8 · spread now +0.060%, 7d avg −0.011%
=The price spread pays, funding is against you. OKX is 0.071% dearer against BingX than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of −0.011%): +$7 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.091% in total) that is about 5.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.091% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.55 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-USDT | 0.000005023 | 0.0766 | pay 0.0766% / 8h | 2h 49m | — | $238.3M | — |
| Short | OKX PEPE-USDT-SWAP | 0.000005026 | 0.0411 | get 0.0411% / 8h | 2h 49m | $46.4M | $679.6M | 50x |
BingX 1000PEPE-USDT
OKX PEPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$74.57
- Price spread: +0.060% → −0.011%
- $7.06
- Slippage, 4 orders
- −$8.65
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$96.16
- Costs to cover
- 0.287%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; OKX: live order book, 5 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, 10 min ago | 0.10 bp | 5.8 bp −$6 | 6.7 bp −$67 | 7.7 bp −$771 | 33.0 bp −$16.5K |
| Sell OKX live order book, 5 min ago | 1.00 bp | 7.4 bp −$7 | 12.3 bp −$123 | 35.3 bp −$3,531 | 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 | 0.000005009 | −0.277% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005009 | −0.285% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005016 | −0.139% | $58K | $176K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005021 | −0.038% | $98.7M | $399.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005020 | −0.060% | $160.9M | $92.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005019 | −0.082% | $25.1M | $70.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005035 | +0.231% | $596K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004979 | −0.867% | $27K | $536K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005022 | −0.012% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005014 | −0.177% | $560K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005014 | −0.184% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0277% | 1h | 0.000005020 | −0.060% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0343% | 8h | 0.000005027 | +0.074% | $45.6M | $208.6M | 75x | as long as short |
| OKX PEPE-USDT-SWAPshort | +0.0411% | 8h | 0.000005026 | +0.060% | $46.4M | $679.6M | 50x | |
| Orderly PERP_1000PEPE_USDC | +0.0414% | 8h | 0.000005018 | −0.108% | $33K | $27K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0532% | 8h | 0.000005020 | −0.060% | $4.7M | $27.8M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0544% | 8h | 0.000005019 | −0.083% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0548% | 1h | 0.000005018 | −0.100% | $72K | $127K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0652% | 1h | 0.000005023 | +0.004% | $73K | $826K | 15x | as long as short |
| Lighter 1000PEPE | +0.0680% | 1h | 0.000005024 | +0.020% | $601K | $9.0M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005016 | −0.139% | $618K | $36.6M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0688% | 8h | 0.000005017 | −0.115% | $2.4M | $7.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0696% | 1h | 0.000005017 | −0.119% | $605 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDTlong | +0.0766% | 8h | 0.000005023 | long leg | — | $238.3M | — | |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000005019 | −0.087% | $533K | $262K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0808% | 1h | 0.000005037 | +0.279% | $142K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0809% | 8h | 0.000005019 | −0.085% | $142.2M | $1.39B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0809% | 8h | 0.000005025 | +0.040% | $97.4M | $298.7M | 300x | as long as short |
| Nado kPEPE-PERP | +0.0814% | 1h | 0.000005017 | −0.117% | $169K | $940K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0851% | 1h | 0.000005017 | −0.125% | $4.6M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0881% | 8h | 0.000005015 | −0.153% | $1.7M | $11.0M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0914% | 1h | 0.000005024 | +0.020% | $154K | $812K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1054% / S −0.1955% | 1h | 0.000005000 | −0.458% | $64K | — | 100x | as long as short |
| Hyperliquid kPEPE | +0.1081% | 1h | 0.000005030 | +0.139% | $53.4M | $150.6M | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005013 | −0.199% | $3K | $111K | 12x | as long as short |
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Hyperliquid kPEPE
Injective PEPE/USDC PERP