Funding you earn now, next payment 12:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h −0.092%
Price spread now: edgeX against BingX+0.739%100s7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$220.220% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)−0.587%−$59 · spread now +0.739%, 7d avg −0.004%
=Together, before fees−0.677%+ Points / potential airdropedgeX: Active · farm board−$68 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.743% dearer against BingX than usual: you sell high and buy low (spread +0.739% now, against its 7-day average of −0.004%): +$74 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.090% in total) that is about 58 days. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000PEPE-USDT | 0.000004938 | 0.0310 | pay 0.0310% / 8h | 5h 55m | — | $181.1M | — |
| Short | edgeX 1000PEPEUSDC | 0.000004974 | 0.0100 | get 0.0050% / 4h | 1h 55m | $27K | $571K | 20x |
BingX 1000PEPE-USDT
edgeX 1000PEPEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$44.1
- Price spread: +0.739% → −0.004%
- $74.27
- Slippage, 4 orders
- −$3
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $8.17
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage from BingX: live order book, 11 min ago; edgeX: live order book, 56 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, 11 min ago | 0.20 bp | 5.2 bp −$5 | 7.9 bp −$79 | 12.6 bp −$1,259 | 23.7 bp −$11.8K |
| Sell edgeX live order book, 56 min ago | 1.20 bp | 5.8 bp −$6 | 8.1 bp −$81 | doesn't fit | doesn't fit |
PEPE on 35 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0372% | 1h | 0.000004924 | −0.271% | $4.5M | $16.6M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004956 | +0.363% | $25K | $18K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | 0.0000% | 1h | 0.000004925 | −0.255% | $56K | $115K | 25x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004951 | +0.277% | $3K | — | 150x | as long as short |
| 01 Exchange kPEPEUSD | +0.0088% | 1h | 0.000004936 | −0.032% | $595 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004929 | −0.174% | $592K | $9.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004930 | −0.154% | $49.8M | $156.3M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004946 | +0.170% | $57K | $195K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004939 | +0.036% | $94.1M | $441.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004936 | −0.032% | $152.0M | $101.8M | 75x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
gTrade (Gains Network) PEPE/USD
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDTShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004937 | −0.006% | $24.9M | $75.6M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004932 | −0.105% | $44.2M | $229.2M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004927 | −0.209% | $76K | $989K | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004972 | +0.703% | $646K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDCshort | +0.0100% | 4h | 0.000004974 | +0.739% | $27K | $571K | 20x | |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004977 | +0.798% | $144K | $851K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004943 | +0.111% | $2K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004938 | +0.008% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004920 | −0.350% | $579K | $4.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004931 | −0.134% | $2.3M | $8.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0111% | 8h | 0.000004942 | +0.079% | $6K | — | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0146% | 8h | 0.000004941 | +0.069% | $44.4M | $721.1M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004927 | −0.218% | $7K | — | 15x | as long as short |
| Nado kPEPE-PERP | +0.0199% | 1h | 0.000004921 | −0.331% | $135K | $939K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0272% | 8h | 0.000004952 | +0.292% | $4.3M | $28.7M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0284% | 1h | 0.000004973 | +0.717% | $5K | $122K | 12x | as long as short |
| Binance 1000PEPEUSDT | +0.0294% | 8h | 0.000004935 | −0.047% | $127.6M | $1.53B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0296% | 1h | 0.000004933 | −0.098% | $515K | $285K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0299% | 8h | 0.000004939 | +0.036% | $1.8M | $12.4M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0300% | 8h | 0.000004932 | −0.107% | $100.7M | $294.7M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0304% | 1h | 0.000004925 | −0.255% | $139K | — | 3x | as long as short |
| BingX 1000PEPE-USDTlong | +0.0310% | 8h | 0.000004938 | long leg | — | $181.1M | — | |
| Orderly PERP_1000PEPE_USDC | +0.0350% | 8h | 0.000004922 | −0.314% | $32K | $30K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004928 | −0.194% | $795K | $38.5M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0838% / S −0.0953% | 1h | 0.000004000 | −18.989% | $50K | — | 100x | as long as short |
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Backpack kPEPE_USDC_PERP
Variational Omni 1000PEPE
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
Nado kPEPE-PERP
BloFin PEPE-USDT
Injective PEPE/USDC PERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]