PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0628%/8h= +68.8% APRnext payment +$6.28 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bitget+0.014%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.014%, 7d avg −0.020%

Together, before fees+0.065%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and BingX is 0.034% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.020%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.082% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.28 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	Bitget PEPEUSDT	0.000004835	0.0180	pay 0.0180% / 8h	2h 20m	$42.8M	$152.0M	75x
Short	BingX 1000PEPE-USDT	0.000004836	0.0808	get 0.0808% / 8h	2h 20m	—	$255.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BingXbpOrdersPrice spread, now +0.014%Rate

Funding earned: $131.88
Price spread: +0.014% → −0.020%: $3.43
Slippage, 4 orders: −$9.23
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $104.07
Costs to cover: 0.312%
Break-even: 1.5 days

Slippage from Bitget: 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 Bitget live order book, 3 min ago	3.70 bp	9.7 bp −$10	10.1 bp −$101	23.7 bp −$2,369	doesn't fit
Sell BingX live order book, 3 min ago	0.41 bp	6.3 bp −$6	9.3 bp −$93	16.1 bp −$1,609	40.0 bp −$20.0K

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
dYdX PEPE-USD	0.0000%	1h	0.000004844	+0.195%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004835	+0.006%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004833	−0.039%	$57.9M	$71.4M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004852	+0.354%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004830	−0.101%	$88.1M	$274.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004833	−0.039%	$151.0M	$62.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004835	+0.002%	$25.1M	$53.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004837	+0.050%	$705K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004858	+0.479%	$27K	$338K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004854	+0.399%	$1K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000004852	+0.352%	$559K	$3.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0152%	8h	0.000004837	+0.043%	$41.4M	$488.4M	50x	as long as short
Bitget PEPEUSDTlong	+0.0180%	8h	0.000004835	long leg	$42.8M	$152.0M	75x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004839	+0.082%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0271%	8h	0.000004842	+0.147%	$3.8M	$21.9M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0217%	1h	0.000004000	−17.268%	$52K	—	100x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0399%	8h	0.000004844	+0.196%	$30K	$11K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0456%	8h	0.000004836	+0.017%	$2.3M	$6.4M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004841	+0.126%	$580K	$25.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0484%	8h	0.000004852	+0.355%	$5K	$16	20x	as long as short
Lighter 1000PEPE	+0.0504%	1h	0.000004842	+0.147%	$615K	$5.2M	10x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004861	+0.540%	$4K	$110K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0668%	1h	0.000004835	−0.008%	$93K	$623K	15x	as long as short
Nado kPEPE-PERP	+0.0699%	1h	0.000004849	+0.298%	$192K	$847K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0757%	1h	0.000004837	+0.049%	$3.9M	$13.0M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0784%	1h	0.000004841	+0.126%	$82K	$94K	25x	as long as short
BingX 1000PEPE-USDTshort	+0.0808%	8h	0.000004836	+0.014%	—	$255.0M	—
SoDEX 1000PEPE-USD	+0.0811%	1h	0.000004838	+0.064%	$2K	$9K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0840%	1h	0.000004860	+0.519%	$101K	$761K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0848%	1h	0.000004844	+0.188%	$137K	—	3x	as long as short
MEXC PEPE_USDT	+0.0852%	8h	0.000004839	+0.085%	$91.1M	$290.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0855%	8h	0.000004836	+0.025%	$128.7M	$1.02B	75x	as long as short
Extended 1000PEPE-USD	+0.0856%	1h	0.000004836	+0.032%	$532K	$147K	25x	as long as short
Aster 1000PEPEUSDT	+0.0893%	8h	0.000004836	+0.012%	$1.5M	$6.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.1232%	1h	0.000004855	+0.416%	$556	$2K	10x	as long as short