PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0513%/8h= −56.2% APRnext payment −$5.13 per $10,000 · paid last 24h +0.033%

Price spread now: BloFin against Binance+0.065%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.231%+$23 on $10k

Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.065%, 7d avg −0.029%

Together, before fees+0.152%+$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.094% dearer against Binance than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of −0.029%): +$9 on $10k if it goes back. Holding the pair costs −$15 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 +0.231%, 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 0.231% in total (about 12.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.13 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	Binance 1000PEPEUSDT	0.000004855	0.0837	pay 0.0837% / 8h	1h 36m	$130.8M	$1.03B	75x
Short	BloFin PEPE-USDT	0.000004858	0.0323	get 0.0323% / 8h	1h 36m	$3.9M	$22.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BloFinbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$107.8
Price spread: +0.065% → −0.029%: $9.4
Slippage, 4 orders: −$13.14
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$133.55
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; BloFin: 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 Binance live order book, 7 min ago	0.10 bp	6.7 bp −$7	14.1 bp −$141	41.9 bp −$4,193	doesn't fit
Sell BloFin live order book, 2 min ago	4.11 bp	10.1 bp −$10	11.6 bp −$116	21.7 bp −$2,171	88.3 bp −$44.1K

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	0.000004852	−0.055%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004850	−0.095%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004857	+0.045%	$610K	$5.4M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004851	−0.079%	$61.9M	$78.0M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004855	+0.004%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004852	−0.058%	$87.8M	$279.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004852	−0.058%	$152.0M	$62.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004856	+0.014%	$25.1M	$53.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004864	+0.188%	$583K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004870	+0.316%	$28K	$343K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004862	+0.146%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004856	+0.024%	$2K	$9K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004858	+0.057%	$549K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0156%	8h	0.000004851	−0.083%	$42.7M	$151.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004856	+0.025%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0205%	8h	0.000004853	−0.038%	$41.9M	$494.4M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0214% / S −0.0093%	1h	0.000004000	−17.608%	$54K	—	100x	as long as short
BloFin PEPE-USDTshort	+0.0323%	8h	0.000004858	+0.065%	$3.9M	$22.3M	75x
Paradex kPEPE-USD-PERP	+0.0385%	8h	0.000004854	−0.023%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0413%	8h	0.000004854	−0.025%	$2.3M	$6.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0443%	8h	0.000004857	+0.041%	$30K	$11K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004859	+0.086%	$617K	$25.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.0480%	1h	0.000004856	+0.024%	$556	$2K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0574%	1h	0.000004856	+0.024%	$82K	$94K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0619%	1h	0.000004855	+0.014%	$91K	$614K	15x	as long as short
Nado kPEPE-PERP	+0.0738%	1h	0.000004859	+0.081%	$187K	$854K	10x	as long as short
BingX 1000PEPE-USDC	+0.0827%	8h	0.000004857	+0.039%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0836%	8h	0.000004858	+0.071%	$92.3M	$283.5M	300x	as long as short
Binance 1000PEPEUSDTlong	+0.0837%	8h	0.000004855	long leg	$130.8M	$1.03B	75x
Extended 1000PEPE-USD	+0.0840%	1h	0.000004853	−0.044%	$535K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0840%	1h	0.000004862	+0.148%	$137K	—	3x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0841%	1h	0.000004868	+0.271%	$104K	$764K	25x	as long as short
Aster 1000PEPEUSDT	+0.0865%	8h	0.000004856	+0.019%	$1.5M	$7.0M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004874	+0.395%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1314%	1h	0.000004855	+0.004%	$4.0M	$13.3M	50x	as long as short