Funding you earn now, next payment 08:00 UTC+0.0620%/8h= +67.9% APRnext payment +$6.20 per $10,000 · paid last 24h +0.048%
Price spread now: BingX against Gate+0.064%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$330.333% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 7 days−0.059%−$6 · spread now +0.064%, 7d avg +0.016%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and BingX is 0.048% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.016%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.20 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 | Gate PEPE_USDT | 0.000005162 | 0.0100 | pay 0.0100% / 8h | 1h 05m | $164.3M | $97.7M | 75x |
| Short | BingX 1000PEPE-USDT | 0.000005165 | 0.0720 | get 0.0720% / 8h | 1h 05m | — | $218.0M | — |
Gate PEPE_USDT
BingX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- $130.2
- Price spread: +0.064% → +0.016%
- $4.82
- Slippage, 4 orders
- −$8.25
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $101.77
- Costs to cover
- 0.333%
- Break-even
- 1.5 days
Slippage from Gate: live order book, 3 min ago; BingX: live order book, 3 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 Gate live order book, 3 min ago | 1.94 bp | 9.5 bp −$9 | 15.2 bp −$152 | 67.1 bp −$6,708 | doesn't fit |
| Sell BingX live order book, 3 min ago | 0.10 bp | 5.6 bp −$6 | 6.5 bp −$65 | 14.6 bp −$1,458 | 36.0 bp −$18.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005140 | −0.426% | $8K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005165 | +0.057% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005161 | −0.017% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005159 | −0.058% | $60K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005169 | +0.126% | $101.2M | $421.1M | 50x | as long as short |
| Gate PEPE_USDTlong | +0.0100% | 8h | 0.000005162 | long leg | $164.3M | $97.7M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005168 | +0.108% | $607K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005152 | −0.190% | $28K | $543K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005179 | +0.337% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005168 | +0.122% | $599K | $4.2M | 75x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0111% | 8h | 0.000005165 | +0.054% | $26.3M | $72.7M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0172% | 1h | 0.000005169 | +0.136% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005173 | +0.216% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0286% | 8h | 0.000005170 | +0.149% | $46.3M | $216.4M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0398% | 8h | 0.000005169 | +0.136% | $47.7M | $737.3M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0400% | 8h | 0.000005171 | +0.184% | $34K | $26K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0422% | 1h | 0.000005152 | −0.194% | $150K | $829K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0452% | 1h | 0.000005167 | +0.091% | $4.7M | $16.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0463% | 1h | 0.000005172 | +0.190% | $73K | $865K | 15x | as long as short |
| BloFin PEPE-USDT | +0.0512% | 8h | 0.000005161 | −0.019% | $4.4M | $29.9M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0521% | 8h | 0.000005172 | +0.196% | $2.4M | $8.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0521% | 8h | 0.000005160 | −0.034% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0525% | 1h | 0.000005168 | +0.116% | $74K | $127K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005172 | +0.194% | $679K | $39.1M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005176 | +0.271% | $624 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0701% | 1h | 0.000005172 | +0.189% | $165K | $960K | 10x | as long as short |
| Lighter 1000PEPE | +0.0712% | 1h | 0.000005174 | +0.232% | $617K | $9.1M | 10x | as long as short |
| BingX 1000PEPE-USDTshort | +0.0720% | 8h | 0.000005165 | +0.064% | — | $218.0M | — | |
| Aster 1000PEPEUSDT | +0.0753% | 8h | 0.000005172 | +0.194% | $1.8M | $11.7M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0759% | 8h | 0.000005165 | +0.060% | $100.2M | $306.8M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0760% | 1h | 0.000005166 | +0.078% | $543K | $284K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0760% | 1h | 0.000005169 | +0.136% | $146K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0760% | 8h | 0.000005168 | +0.114% | $142.0M | $1.47B | 75x | as long as short |
| Hyperliquid kPEPE | +0.0956% | 1h | 0.000005171 | +0.174% | $53.8M | $156.8M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1132% / S −0.2249% | 1h | 0.000005000 | −3.138% | $64K | — | 100x | as long as short |
KuCoin PEPEUSDTM
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Backpack kPEPE_USDC_PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
Lighter 1000PEPE
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]