Funding you earn now, next payment 09:00 UTC−0.0216%/8h= −23.6% APRpaid last 24h −0.064%
Price spread now: BloFin against Aevo−0.311%53s7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,361as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1,37313.734% of the position
Funding, last 7 days+0.122%+$12 on $10k
+Price spread, last 4 days (all we have)+0.229%+$23 · spread now −0.311%, 7d avg −0.031%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BloFin is 0.280% cheaper against Aevo than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.031%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.122%, so the current rate has only just turned against you. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.4% 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 | Aevo 1000PEPE-PERP | 0.000005148 | 0.0688 | pay 0.0086% / 1h | 58m 04s | $146K | — | 3x |
| Short | BloFin PEPE-USDT | 0.000005132 | 0.0472 | get 0.0472% / 8h | 7h 58m | $4.5M | $30.4M | 75x |
Aevo 1000PEPE-PERP
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Aevo. 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
- −$45.34
- Price spread: −0.311% → −0.031%
- −$27.95
- Slippage, 4 orders
- −$1,345.44
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$1,446.73
- Costs to cover
- 13.734%
- Break-even
- never at this rate
Slippage from Aevo: live order book, 41 min ago; BloFin: live order book, 11 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 Aevo live order book, 41 min ago | 272.05 bp | 681.7 bp −$682 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 11 min ago | 2.90 bp | 8.9 bp −$9 | 9.5 bp −$95 | 29.7 bp −$2,972 | 83.3 bp −$41.7K |
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 | 0.000005127 | −0.413% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005123 | −0.478% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005127 | −0.408% | $60K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005107 | −0.802% | $98.7M | $433.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005110 | −0.738% | $163.8M | $98.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005140 | −0.159% | $625K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005134 | −0.280% | $28K | $549K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005135 | −0.245% | $2K | $2.7M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005120 | −0.544% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005118 | −0.591% | $600K | $4.2M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005133 | −0.291% | $8K | $120K | 12x | as long as short |
| KuCoin PEPEUSDTM | +0.0149% | 8h | 0.000005122 | −0.515% | $26.9M | $74.5M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005130 | −0.352% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0236% | 8h | 0.000005102 | −0.884% | $45.8M | $221.4M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0257% | 1h | 0.000005122 | −0.505% | $149K | $836K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0292% | 1h | 0.000005111 | −0.726% | $76K | $895K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0336% | 1h | 0.000005120 | −0.544% | $73K | $128K | 25x | as long as short |
| Hyperliquid kPEPE | +0.0346% | 1h | 0.000005115 | −0.641% | $53.0M | $159.8M | 10x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0354% | 8h | 0.000005108 | −0.777% | $46.9M | $745.0M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0422% | 8h | 0.000005131 | −0.321% | $34K | $26K | 20x | as long as short |
| Lighter 1000PEPE | +0.0424% | 1h | 0.000005115 | −0.641% | $619K | $9.0M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0437% | 8h | 0.000005131 | −0.332% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDTshort | +0.0472% | 8h | 0.000005132 | −0.311% | $4.5M | $30.4M | 75x | |
| 01 Exchange kPEPEUSD | +0.0504% | 1h | 0.000005127 | −0.408% | $618 | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005132 | −0.311% | $671K | $39.8M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0620% | 1h | 0.000005116 | −0.614% | $4.7M | $16.7M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0668% | 8h | 0.000005110 | −0.730% | — | $175.5M | — | as long as short |
| Extended 1000PEPE-USD | +0.0688% | 1h | 0.000005104 | −0.846% | $536K | $279K | 25x | as long as short |
| Aevo 1000PEPE-PERPlong | +0.0688% | 1h | 0.000005148 | long leg | $146K | — | 3x | |
| Binance 1000PEPEUSDT | +0.0688% | 8h | 0.000005113 | −0.687% | $141.2M | $1.51B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0691% | 8h | 0.000005107 | −0.787% | $100.7M | $305.0M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0701% | 8h | 0.000005114 | −0.667% | $1.7M | $11.9M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1019% / S −0.1217% | 1h | 0.000005000 | −2.875% | $50K | — | 100x | as long as short |
| Nado kPEPE-PERP | +0.1043% | 1h | 0.000005129 | −0.370% | $163K | $960K | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.2945% | 8h | 0.000005117 | −0.610% | $2.4M | $8.1M | 50x | as long as short |
Injective PEPE/USDC PERP
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Nado kPEPE-PERP
Phemex u1000PEPEUSDT