Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.2% APRnext payment −$0.30 per $10,000 · paid last 24h +0.007%
Price spread now: BingX against Binance−0.393%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$410.408% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.393% cheaper against Binance than usual: you would sell low and buy high (−$39 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance 1000PEPEUSDT | 0.000005034 | 0.0636 | pay 0.0636% / 8h | 5h 11m | $140.8M | $1.21B | 75x |
| Short | BingX 1000PEPE-USDC | 0.000005014 | 0.0607 | get 0.0607% / 8h | 5h 11m | — | $2.3M | — |
Binance 1000PEPEUSDT
BingX 1000PEPE-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- −$6.21
- Price spread: −0.393% → 0.000%
- −$39.27
- Slippage, 4 orders
- −$20.81
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$86.29
- Costs to cover
- 0.408%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; BingX: 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 Binance live order book, 3 min ago | 0.40 bp | 6.8 bp −$7 | 11.1 bp −$111 | 37.4 bp −$3,745 | doesn't fit |
| Sell BingX live order book, 2 min ago | 1.00 bp | 14.6 bp −$15 | 20.2 bp −$202 | 86.9 bp −$8,693 | 252.6 bp −$126.3K |
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 | −0.486% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005019 | −0.287% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005021 | −0.258% | $64K | $139K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005031 | −0.067% | $97.6M | $340.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005023 | −0.218% | $164.9M | $75.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005021 | −0.260% | $25.8M | $63.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005042 | +0.150% | $687K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005022 | −0.240% | $27K | $443K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005031 | −0.067% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005026 | −0.160% | $571K | $3.6M | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0128% | 8h | 0.000005032 | −0.029% | $46.0M | $173.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005026 | −0.152% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0317% | 8h | 0.000005030 | −0.071% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0343% | 8h | 0.000005036 | +0.040% | $45.7M | $589.3M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0460% | 8h | 0.000005032 | −0.039% | $4.3M | $25.1M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0533% | 1h | 0.000005034 | +0.001% | $2K | $12K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0542% | 1h | 0.000005020 | −0.278% | $99K | $755K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005027 | −0.138% | $942K | $31.5M | 50x | as long as short |
| BingX 1000PEPE-USDCshort | +0.0607% | 8h | 0.000005014 | −0.393% | — | $2.3M | — | |
| GMX PEPE/USD [ETH-USDC] | L +0.0631% / S −0.1011% | 1h | 0.000005000 | −0.675% | $49K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0636% | 8h | 0.000005033 | −0.023% | $94.8M | $290.5M | 300x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0636% | 8h | 0.000005034 | long leg | $140.8M | $1.21B | 75x | |
| Extended 1000PEPE-USD | +0.0640% | 1h | 0.000005033 | −0.027% | $533K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0640% | 1h | 0.000005018 | −0.317% | $142K | — | 3x | as long as short |
| Phemex u1000PEPEUSDT | +0.0713% | 8h | 0.000005026 | −0.152% | $2.4M | $7.1M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0728% | 8h | 0.000005020 | −0.277% | $1.8M | $9.2M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0780% | 8h | 0.000005019 | −0.297% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0791% | 1h | 0.000005025 | −0.184% | $186K | $872K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0944% | 1h | 0.000005031 | −0.059% | $71K | $124K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.0952% | 1h | 0.000005034 | +0.001% | $607 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0958% | 1h | 0.000005009 | −0.496% | $92K | $632K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005011 | −0.456% | $4K | $102K | 12x | as long as short |
| Lighter 1000PEPE | +0.1176% | 1h | 0.000005033 | −0.019% | $666K | $8.1M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1383% | 1h | 0.000005032 | −0.044% | $4.3M | $15.2M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1590% | 1h | 0.000005029 | −0.099% | $53.8M | $139.6M | 10x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Phemex u1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE