Funding you earn now, next payment 08:00 UTC+0.0589%/8h= +64.5% APRpaid last 24h +0.035%
Price spread now: BingX against edgeX−0.037%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$240.239% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)−0.558%−$56 · spread now −0.037%, 7d avg +0.005%
=Together, before fees−0.528%+ Points / potential airdropedgeX: Active · farm board−$53 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.042% cheaper against edgeX than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.005%). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.030% in total) that is about 9.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.030% in total (about 1.5% a year). A funding rate is set anew for every payment. 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 | edgeX 1000PEPEUSDC | 0.000005175 | 0.0100 | pay 0.0050% / 4h | 19m 15s | $28K | $547K | 20x |
| Short | BingX 1000PEPE-USDT | 0.000005173 | 0.0689 | get 0.0689% / 8h | 19m 15s | — | $218.8M | — |
edgeX 1000PEPEUSDC
BingX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against edgeX. 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
- $123.69
- Price spread: −0.037% → +0.005%
- −$4.16
- Slippage, 4 orders
- −$4.9
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $95.64
- Costs to cover
- 0.239%
- Break-even
- 1.6 days
Slippage from edgeX: live order book, 19 min ago; BingX: live order book, 10 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 edgeX live order book, 19 min ago | 0.97 bp | 5.6 bp −$6 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 0.29 bp | 7.3 bp −$7 | 9.9 bp −$99 | 15.9 bp −$1,589 | 36.8 bp −$18.4K |
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 | 0.000005162 | −0.249% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005169 | −0.118% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005169 | −0.114% | $60K | $184K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005173 | −0.037% | $99.7M | $430.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005169 | −0.114% | $164.0M | $99.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005163 | −0.238% | $615K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDClong | +0.0100% | 4h | 0.000005175 | long leg | $28K | $547K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005180 | +0.093% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005174 | −0.019% | $603K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0120% | 8h | 0.000005170 | −0.096% | $26.9M | $74.0M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
SunX 1000PEPE-USDT
HTX PEPE-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0151% | 1h | 0.000005173 | −0.037% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005171 | −0.068% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0256% | 8h | 0.000005172 | −0.052% | $46.5M | $220.0M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0312% | 1h | 0.000005181 | +0.118% | $151K | $834K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0367% | 8h | 0.000005173 | −0.037% | $47.9M | $750.2M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005160 | −0.288% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0415% | 8h | 0.000005174 | −0.009% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0462% | 8h | 0.000005169 | −0.108% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0471% | 8h | 0.000005163 | −0.220% | $2.4M | $8.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0484% | 8h | 0.000005167 | −0.152% | $4.5M | $30.4M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0517% | 1h | 0.000005165 | −0.181% | $79K | $889K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005170 | −0.095% | $688K | $39.9M | 50x | as long as short |
| Lighter 1000PEPE | +0.0552% | 1h | 0.000005174 | −0.017% | $621K | $9.1M | 10x | as long as short |
| BingX 1000PEPE-USDTshort | +0.0689% | 8h | 0.000005173 | −0.037% | — | $218.8M | — | |
| Nado kPEPE-PERP | +0.0697% | 1h | 0.000005170 | −0.099% | $166K | $958K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0704% | 1h | 0.000005177 | +0.041% | $624 | $2K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0710% | 1h | 0.000005170 | −0.101% | $4.8M | $16.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0717% | 1h | 0.000005173 | −0.037% | $74K | $127K | 25x | as long as short |
| Extended 1000PEPE-USD | +0.0720% | 1h | 0.000005171 | −0.078% | $542K | $284K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0720% | 1h | 0.000005176 | +0.021% | $146K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0722% | 8h | 0.000005171 | −0.077% | $142.6M | $1.50B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0722% | 8h | 0.000005175 | +0.006% | $102.0M | $308.0M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0722% | 8h | 0.000005173 | −0.045% | $1.8M | $11.9M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0945% | 1h | 0.000005175 | +0.002% | $53.9M | $159.2M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1068% / S −0.1281% | 1h | 0.000005000 | −3.380% | $50K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]