Funding you earn now, next payment 08:00 UTC−0.0109%/8h= −12.0% APRnext payment −$1.09 per $10,000 · paid last 24h −0.041%
Price spread now: Phemex against BingX−0.040%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$480.484% of the position
Funding, last 7 days−0.134%−$13 on $10k
+Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.040%, 7d avg +0.016%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.056% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000PEPE-USDT | 0.000004992 | 0.0759 | pay 0.0759% / 8h | 2h 28m | — | $239.1M | — |
| Short | Phemex u1000PEPEUSDT | 0.000004990 | 0.0650 | get 0.0650% / 8h | 2h 28m | $2.4M | $7.9M | 50x |
BingX 1000PEPE-USDT
Phemex u1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$22.93
- Price spread: −0.040% → +0.016%
- −$5.61
- Slippage, 4 orders
- −$26.44
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$76.97
- Costs to cover
- 0.484%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Phemex: live order book, 6 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 | 0.10 bp | 5.7 bp −$6 | 9.1 bp −$91 | 16.6 bp −$1,660 | 36.3 bp −$18.2K |
| Sell Phemex live order book, 6 min ago | 4.00 bp | 19.4 bp −$19 | 37.3 bp −$373 | doesn't fit | 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 | 0.000004985 | −0.154% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000004980 | −0.252% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004990 | −0.048% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004987 | −0.102% | $97.9M | $404.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004983 | −0.188% | $160.6M | $94.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004987 | −0.110% | $24.8M | $70.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005001 | +0.167% | $599K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005003 | +0.221% | $27K | $538K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004994 | +0.032% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004983 | −0.184% | $558K | $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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0177% | 1h | 0.000004989 | −0.068% | $2K | $10K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004987 | −0.116% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0336% | 8h | 0.000004990 | −0.058% | $44.7M | $209.9M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0400% | 8h | 0.000004989 | −0.062% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0417% | 8h | 0.000004993 | +0.012% | $46.0M | $682.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0543% | 8h | 0.000005004 | +0.232% | $4.4M | $27.9M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0544% | 8h | 0.000004990 | −0.051% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0553% | 1h | 0.000004986 | −0.128% | $71K | $127K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0616% | 1h | 0.000004990 | −0.046% | $73K | $831K | 15x | as long as short |
| Lighter 1000PEPE | +0.0640% | 1h | 0.000004994 | +0.032% | $593K | $9.0M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0640% | 1h | 0.000004991 | −0.028% | $602 | $3K | 10x | as long as short |
| Phemex u1000PEPEUSDTshort | +0.0650% | 8h | 0.000004990 | −0.040% | $2.4M | $7.9M | 50x | |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000004986 | −0.128% | $638K | $36.6M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0744% | 1h | 0.000004988 | −0.095% | $164K | $943K | 10x | as long as short |
| BingX 1000PEPE-USDTlong | +0.0759% | 8h | 0.000004992 | long leg | — | $239.1M | — | |
| ApeX Omni 1000PEPEUSDT | +0.0764% | 1h | 0.000005005 | +0.252% | $154K | $813K | 25x | as long as short |
| Extended 1000PEPE-USD | +0.0784% | 1h | 0.000004986 | −0.122% | $528K | $277K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0786% | 8h | 0.000004993 | +0.006% | $140.0M | $1.41B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0786% | 8h | 0.000004993 | +0.008% | $94.9M | $301.7M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000004991 | −0.028% | $141K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0839% | 8h | 0.000004993 | +0.020% | $1.7M | $11.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0857% | 1h | 0.000004984 | −0.160% | $4.5M | $16.8M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0997% | 1h | 0.000004995 | +0.052% | $52.6M | $152.1M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1117% / S −0.2147% | 1h | 0.000004000 | −19.878% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000004992 | −0.008% | $3K | $111K | 12x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP