Funding you earn now, next payment 00:00 UTC−0.0592%/8h= −64.8% APRnext payment −$5.92 per $10,000 · paid last 24h −0.042%
Price spread now: BloFin against Aster+0.039%7-day average −0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$370.371% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 3 days (all we have)+0.076%+$8 · spread now +0.039%, 7d avg −0.070%
=Together, before fees+0.150%+ Points / potential airdropAster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.109% dearer against Aster than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.070%): +$11 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 7 days funding on this pair paid +0.074%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.074% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.92 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 | Aster 1000PEPEUSDT | 0.000004873 | 0.0911 | pay 0.0911% / 8h | 1h 52m | $1.5M | $6.9M | 50x |
| Short | BloFin PEPE-USDT | 0.000004875 | 0.0320 | get 0.0320% / 8h | 1h 52m | $3.8M | $22.3M | 75x |
Aster 1000PEPEUSDT
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Aster. 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
- −$124.25
- Price spread: +0.039% → −0.070%
- $10.92
- Slippage, 4 orders
- −$17.13
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$150.46
- Costs to cover
- 0.371%
- Break-even
- never at this rate
Slippage from Aster: live order book, 1 min ago; BloFin: live order book, 6 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 Aster live order book, 1 min ago | 0.10 bp | 10.6 bp −$11 | 23.5 bp −$235 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 2.07 bp | 9.5 bp −$9 | 13.3 bp −$133 | 39.9 bp −$3,987 | 100.4 bp −$50.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004871 | −0.053% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004871 | −0.051% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004874 | +0.018% | $60.3M | $74.9M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004876 | +0.060% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004874 | +0.023% | $88.9M | $277.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004870 | −0.064% | $152.2M | $62.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004870 | −0.062% | $25.1M | $53.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004876 | +0.061% | $556K | $3.9M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004899 | +0.530% | $28K | $341K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004883 | +0.213% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
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 | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004885 | +0.244% | $557K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0176% | 1h | 0.000004879 | +0.121% | $648K | $5.4M | 10x | as long as short |
| Bitget PEPEUSDT | +0.0180% | 8h | 0.000004873 | +0.002% | $42.9M | $151.3M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004877 | +0.080% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0203% | 8h | 0.000004880 | +0.142% | $41.9M | $495.1M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0233% | 1h | 0.000004878 | +0.101% | $2K | $9K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0215% | 1h | 0.000004000 | −17.917% | $53K | — | 100x | as long as short |
| BloFin PEPE-USDTshort | +0.0320% | 8h | 0.000004875 | +0.039% | $3.8M | $22.3M | 75x | |
| Orderly PERP_1000PEPE_USDC | +0.0434% | 8h | 0.000004878 | +0.094% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004877 | +0.080% | $605K | $25.5M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0456% | 8h | 0.000004873 | +0.002% | $2.4M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0502% | 8h | 0.000004885 | +0.246% | $5K | $16 | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0571% | 1h | 0.000004876 | +0.060% | $82K | $94K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0588% | 1h | 0.000004879 | +0.121% | $189K | $849K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0712% | 1h | 0.000004883 | +0.203% | $559 | $2K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0841% | 8h | 0.000004875 | +0.031% | — | $255.8M | — | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004886 | +0.265% | $4K | $103K | 12x | as long as short |
| Extended 1000PEPE-USD | +0.0880% | 1h | 0.000004871 | −0.043% | $538K | $147K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0880% | 1h | 0.000004865 | −0.166% | $138K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0881% | 8h | 0.000004881 | +0.152% | $130.9M | $1.03B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0886% | 8h | 0.000004874 | +0.021% | $92.5M | $282.3M | 300x | as long as short |
| Aster 1000PEPEUSDTlong | +0.0911% | 8h | 0.000004873 | long leg | $1.5M | $6.9M | 50x | |
| Backpack kPEPE_USDC_PERP | +0.0995% | 1h | 0.000004873 | −0.006% | $93K | $614K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1309% | 1h | 0.000004875 | +0.035% | $4.0M | $13.2M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.2353% | 1h | 0.000004896 | +0.470% | $104K | $764K | 25x | as long as short |
HTX PEPE-USDT
Lighter 1000PEPE
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP
01 Exchange kPEPEUSD
BingX 1000PEPE-USDT
Injective PEPE/USDC PERP
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
ApeX Omni 1000PEPEUSDT