Funding you earn now, next payment 07:00 UTC+0.0767%/8h= +84.0% APRpaid last 24h −0.050%
Price spread now: BingX against Injective−0.782%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1001.004% of the position
Funding, last 7 days−0.284%−$28 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. BingX is 0.782% cheaper against Injective than usual: you would sell low and buy high (spread −0.782% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$78 on $10k: about 3.4 days of funding at the current rate (+$23 a day). Mind the row above: over the last 7 days funding on this pair cost −0.284%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.284% in total (about -14.8% 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 | Injective PEPE/USDC PERP | 0.000005206 | −0.0016 | get 0.0002% / 1h | 56m 35s | $10K | $119K | 12x |
| Short | BingX 1000PEPE-USDT | 0.000005165 | 0.0751 | get 0.0751% / 8h | 1h 56m | — | $217.3M | — |
Injective PEPE/USDC PERP
BingX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Injective. 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
- $161.16
- Price spread: −0.782% → 0.000%
- −$78.18
- Slippage, 4 orders
- −$90.4
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$17.44
- Costs to cover
- 1.004%
- Break-even
- 7.8 days
Slippage from Injective: live order book, 52 min ago; BingX: live order book, 13 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 Injective live order book, 52 min ago | 16.91 bp | 72.3 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 0.10 bp | 6.1 bp −$6 | 9.7 bp −$97 | 15.5 bp −$1,553 | 37.9 bp −$18.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERPlong | −0.0016% | 1h | 0.000005206 | long leg | $10K | $119K | 12x | |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005156 | −0.960% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005187 | −0.357% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005166 | −0.768% | $60K | $180K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005160 | −0.891% | $101.4M | $413.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005160 | −0.884% | $163.2M | $95.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005165 | −0.780% | $25.9M | $71.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005159 | −0.912% | $617K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005173 | −0.635% | $28K | $539K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005199 | −0.133% | $1K | $2.6M | 20x | 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-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005190 | −0.307% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005187 | −0.365% | $590K | $4.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005193 | −0.259% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0310% | 8h | 0.000005162 | −0.837% | $46.1M | $213.7M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000005187 | −0.375% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0417% | 8h | 0.000005168 | −0.730% | $48.6M | $721.9M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0450% | 1h | 0.000005187 | −0.368% | $4.7M | $16.8M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0518% | 8h | 0.000005167 | −0.756% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0522% | 1h | 0.000005188 | −0.346% | $74K | $127K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0545% | 8h | 0.000005186 | −0.384% | $4.4M | $29.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0556% | 8h | 0.000005184 | −0.423% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005187 | −0.365% | $701K | $38.4M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0672% | 1h | 0.000005154 | −0.999% | $156K | $818K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.0688% | 1h | 0.000005192 | −0.269% | $626 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0710% | 1h | 0.000005193 | −0.258% | $166K | $955K | 10x | as long as short |
| Lighter 1000PEPE | +0.0736% | 1h | 0.000005170 | −0.692% | $622K | $9.0M | 10x | as long as short |
| BingX 1000PEPE-USDTshort | +0.0751% | 8h | 0.000005165 | −0.782% | — | $217.3M | — | |
| Backpack kPEPE_USDC_PERP | +0.0782% | 1h | 0.000005187 | −0.367% | $72K | $848K | 15x | as long as short |
| Aevo 1000PEPE-PERP | +0.0784% | 1h | 0.000005194 | −0.231% | $147K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0788% | 8h | 0.000005170 | −0.699% | $99.5M | $301.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0789% | 8h | 0.000005164 | −0.802% | $143.0M | $1.44B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005160 | −0.880% | $547K | $281K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0812% | 8h | 0.000005170 | −0.684% | $1.8M | $11.6M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0928% | 1h | 0.000005173 | −0.634% | $55.3M | $154.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1134% / S −0.2351% | 1h | 0.000005000 | −3.957% | $64K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
01 Exchange kPEPEUSD
Nado kPEPE-PERP
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]