Funding you earn now, next payment 00:00 UTC−0.0521%/8h= −57.0% APRnext payment −$5.21 per $10,000 · paid last 24h +0.018%
Price spread now: BloFin against BingX+0.399%51s7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as 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−$560.563% of the position
Funding, last 7 days+0.177%+$18 on $10k
+Price spread, last 3 days (all we have)−0.085%−$9 · spread now +0.399%, 7d avg +0.005%
=The price spread pays, funding is against you. BloFin is 0.394% dearer against BingX than usual: you sell high and buy low (spread +0.399% now, against its 7-day average of +0.005%): +$39 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 2.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.177%, so the current rate has only just turned against you. The two prices were read 51 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 0.177% in total (about 9.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.21 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 | BingX 1000PEPE-USDC | 0.000004793 | 0.0766 | pay 0.0766% / 8h | 2h 32m | — | $2.3M | — |
| Short | BloFin PEPE-USDT | 0.000004812 | 0.0245 | get 0.0245% / 8h | 2h 32m | $3.9M | $21.7M | 75x |
BingX 1000PEPE-USDC
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$109.41
- Price spread: +0.399% → +0.005%
- $39.38
- Slippage, 4 orders
- −$34.28
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$126.31
- Costs to cover
- 0.563%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; BloFin: live order book, 7 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 BingX live order book, 6 min ago | 1.35 bp | 16.2 bp −$16 | 27.0 bp −$270 | 105.5 bp −$10.6K | 268.3 bp −$134.1K |
| Sell BloFin live order book, 7 min ago | 6.22 bp | 12.2 bp −$12 | 15.4 bp −$154 | 33.4 bp −$3,338 | doesn't fit |
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 | 0.000004800 | +0.143% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004789 | −0.071% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004796 | +0.065% | $56.8M | $70.1M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004806 | +0.273% | $59K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004787 | −0.123% | $88.3M | $273.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004796 | +0.065% | $148.6M | $61.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004792 | −0.010% | $23.7M | $52.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004799 | +0.134% | $705K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004804 | +0.226% | $27K | $338K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004810 | +0.367% | $2K | $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 | 0.000004799 | +0.129% | $553K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0131% | 8h | 0.000004793 | +0.002% | $41.2M | $487.1M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0171% | 8h | 0.000004789 | −0.081% | $43.1M | $152.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004798 | +0.106% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDTshort | +0.0245% | 8h | 0.000004812 | +0.399% | $3.9M | $21.7M | 75x | |
| Lighter 1000PEPE | +0.0304% | 1h | 0.000004793 | +0.002% | $590K | $5.1M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −16.543% | $52K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000004792 | −0.021% | $29K | $11K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0381% | 8h | 0.000004806 | +0.279% | $5K | $16 | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004801 | +0.169% | $575K | $25.3M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0471% | 8h | 0.000004791 | −0.044% | $2.3M | $6.3M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0488% | 1h | 0.000004805 | +0.259% | $95K | $622K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004814 | +0.440% | $4K | $92K | 12x | as long as short |
| SoDEX 1000PEPE-USD | +0.0655% | 1h | 0.000004790 | −0.061% | $2K | $9K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0670% | 1h | 0.000004816 | +0.482% | $100K | $758K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0683% | 1h | 0.000004800 | +0.156% | $179K | $859K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0765% | 1h | 0.000004789 | −0.081% | $3.9M | $13.0M | 50x | as long as short |
| BingX 1000PEPE-USDClong | +0.0766% | 8h | 0.000004793 | long leg | — | $2.3M | — | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0794% | 1h | 0.000004793 | +0.002% | $81K | $94K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0814% | 8h | 0.000004794 | +0.025% | $90.0M | $289.9M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0816% | 1h | 0.000004793 | +0.004% | $529K | $147K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0816% | 1h | 0.000004795 | +0.044% | $136K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0818% | 8h | 0.000004794 | +0.022% | $127.1M | $1.02B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0859% | 8h | 0.000004800 | +0.144% | $1.5M | $6.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1232% | 1h | 0.000004812 | +0.399% | $551 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Lighter 1000PEPE
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD