Funding you earn now, next payment 08:00 UTC+0.0396%/8h= +43.4% APRnext payment +$3.96 per $10,000 · paid last 24h +0.048%
Price spread now: BingX against Bybit−0.026%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$430.428% of the position
Funding, last 7 days+0.166%+$17 on $10k
+Price spread, last 7 days+0.015%+$2 · spread now −0.026%, 7d avg −0.009%
=The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.166% in total (about 8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.96 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 | Bybit 1000PEPEUSDT | 0.000004979 | 0.0100 | pay 0.0100% / 8h | 7h 31m | $91.4M | $302.1M | 50x |
| Short | BingX 1000PEPE-USDC | 0.000004978 | 0.0496 | get 0.0496% / 8h | 7h 31m | — | $2.3M | — |
Bybit 1000PEPEUSDT
BingX 1000PEPE-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- $83.16
- Price spread: −0.026% → −0.009%
- −$1.74
- Slippage, 4 orders
- −$21.81
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $38.62
- Costs to cover
- 0.428%
- Break-even
- 3.7 days
Slippage from Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 1.01 bp | 7.4 bp −$7 | 14.2 bp −$142 | 36.8 bp −$3,683 | doesn't fit |
| Sell BingX live order book, 2 min ago | 1.01 bp | 12.4 bp −$12 | 23.5 bp −$235 | 100.4 bp −$10.0K | 226.4 bp −$113.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0118% | 1h | 0.000004974 | −0.094% | $4.0M | $13.9M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004974 | −0.096% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004952 | −0.542% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004944 | −0.703% | $58K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDTlong | +0.0100% | 8h | 0.000004979 | long leg | $91.4M | $302.1M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004975 | −0.080% | $157.6M | $66.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004978 | −0.026% | $25.6M | $55.9M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004978 | −0.018% | $43.3M | $152.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004921 | −1.170% | $575K | $4.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004925 | −1.090% | $26K | $353K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004964 | −0.303% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004970 | −0.181% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004971 | −0.165% | $561K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004980 | +0.010% | $2.4M | $6.6M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0183% | 8h | 0.000004980 | +0.020% | $43.7M | $528.7M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004947 | −0.650% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0203% | 8h | 0.000004947 | −0.641% | $6K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0293% | 8h | 0.000004957 | −0.450% | $30K | $13K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0306% | 8h | 0.000004937 | −0.844% | $4.0M | $23.4M | 75x | as long as short |
| Lighter 1000PEPE | +0.0368% | 1h | 0.000004980 | +0.020% | $584K | $6.7M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004966 | −0.261% | $598K | $26.9M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0412% | 1h | 0.000004952 | −0.552% | $193K | $851K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0455% | 1h | 0.000004932 | −0.944% | $102K | $754K | 25x | as long as short |
| Hyperliquid kPEPE | +0.0467% | 1h | 0.000004987 | +0.161% | $59.9M | $116.9M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0468% / S −0.0647% | 1h | 0.000004000 | −19.663% | $48K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.0472% | 1h | 0.000004947 | −0.643% | $1K | $2K | 10x | as long as short |
| BingX 1000PEPE-USDCshort | +0.0496% | 8h | 0.000004978 | −0.026% | — | $2.3M | — | |
| Binance 1000PEPEUSDT | +0.0501% | 8h | 0.000004984 | +0.098% | $140.1M | $1.09B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0504% | 1h | 0.000004978 | −0.016% | $546K | $148K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0504% | 8h | 0.000004981 | +0.050% | $97.3M | $283.3M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0504% | 1h | 0.000004959 | −0.402% | $140K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0526% | 8h | 0.000004979 | −0.008% | $1.5M | $7.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0558% | 1h | 0.000004983 | +0.090% | $95K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004942 | −0.743% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0962% | 1h | 0.000004958 | −0.422% | $71K | $107K | 25x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL