Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.2% APRnext payment +$2.40 per $10,000 · paid last 24h +0.018%
Price spread now: BloFin against Bitget−0.004%105s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as 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−$360.365% of the position
Funding, last 7 days+0.260%+$26 on $10k
+Price spread, last 3 days (all we have)+0.076%+$8 · spread now −0.004%, 7d avg −0.021%
=The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PEPEUSDT | 0.000004802 | 0.0100 | pay 0.0100% / 8h | 57m 28s | $42.3M | $149.3M | 75x |
| Short | BloFin PEPE-USDT | 0.000004802 | 0.0340 | get 0.0340% / 8h | 57m 28s | $3.9M | $22.3M | 75x |
Bitget PEPEUSDT
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $50.32
- Price spread: −0.004% → −0.021%
- $1.73
- Slippage, 4 orders
- −$12.46
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $15.59
- Costs to cover
- 0.365%
- Break-even
- 4.8 days
Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago | 2.08 bp | 9.3 bp −$9 | 10.0 bp −$100 | 26.8 bp −$2,678 | doesn't fit |
| Sell BloFin live order book, 7 min ago | 3.13 bp | 9.1 bp −$9 | 11.8 bp −$118 | 22.0 bp −$2,198 | 66.5 bp −$33.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0046% | 1h | 0.000004795 | −0.150% | $65.0M | $86.1M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004796 | −0.134% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004797 | −0.104% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0066% | 1h | 0.000004807 | +0.098% | $3.9M | $13.4M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004802 | −0.004% | $59K | $114K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004801 | −0.025% | $86.7M | $286.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004797 | −0.108% | $150.6M | $63.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004800 | −0.044% | $24.6M | $54.1M | 75x | as long as short |
| Bitget PEPEUSDTlong | +0.0100% | 8h | 0.000004802 | long leg | $42.3M | $149.3M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004783 | −0.403% | $548K | $4.0M | — | as long as short |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004795 | −0.153% | $28K | $344K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004816 | +0.296% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004808 | +0.121% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004808 | +0.119% | $544K | $3.5M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004804 | +0.033% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0220% | 8h | 0.000004802 | −0.004% | $41.4M | $495.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0233% | 8h | 0.000004797 | −0.107% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0289% | 8h | 0.000004809 | +0.146% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0296% | 1h | 0.000004804 | +0.037% | $550 | $2K | 10x | as long as short |
| BloFin PEPE-USDTshort | +0.0340% | 8h | 0.000004802 | −0.004% | $3.9M | $22.3M | 75x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0344% / S −0.0376% | 1h | 0.000004000 | −16.705% | $42K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004807 | +0.100% | $565K | $25.7M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0403% | 1h | 0.000004789 | −0.275% | $101K | $760K | 25x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004794 | −0.171% | $4K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0443% | 8h | 0.000004806 | +0.085% | $29K | $11K | 20x | as long as short |
| Lighter 1000PEPE | +0.0672% | 1h | 0.000004800 | −0.046% | $678K | $6.1M | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0693% | 8h | 0.000004801 | −0.017% | — | $256.4M | — | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0711% | 1h | 0.000004808 | +0.129% | $92K | $616K | 15x | as long as short |
| Binance 1000PEPEUSDT | +0.0717% | 8h | 0.000004802 | −0.008% | $131.4M | $1.05B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0718% | 8h | 0.000004803 | +0.025% | $92.6M | $277.8M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0720% | 1h | 0.000004803 | +0.008% | $529K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0720% | 1h | 0.000004831 | +0.600% | $137K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0727% | 8h | 0.000004802 | +0.002% | $1.5M | $7.2M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0791% | 1h | 0.000004808 | +0.121% | $81K | $94K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0913% | 1h | 0.000004803 | +0.021% | $184K | $845K | 10x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Lighter 1000PEPE
BingX 1000PEPE-USDT
Backpack kPEPE_USDC_PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP