Funding you earn now, next payment 08:00 UTC−0.0293%/8h= −32.1% APRnext payment −$2.93 per $10,000 · paid last 24h −0.045%
Price spread now: Bitget against BloFin−0.106%45s7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as 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−$420.423% of the position
Funding, last 7 days−0.269%−$27 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.106%, 7d avg +0.040%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bitget is 0.146% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.040%). Swap the legs. The two prices were read 45 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 | BloFin PEPE-USDT | 0.000005259 | 0.0525 | pay 0.0525% / 8h | 4h 02m | $4.6M | $27.5M | 75x |
| Short | Bitget PEPEUSDT | 0.000005253 | 0.0232 | get 0.0232% / 8h | 4h 02m | $48.3M | $183.1M | 75x |
BloFin PEPE-USDT
Bitget PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. 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
- −$61.55
- Price spread: −0.106% → +0.040%
- −$14.62
- Slippage, 4 orders
- −$18.32
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$118.5
- Costs to cover
- 0.423%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Bitget: 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 BloFin live order book, 6 min ago | 4.80 bp | 10.8 bp −$11 | 15.6 bp −$156 | 39.9 bp −$3,989 | 83.2 bp −$41.6K |
| Sell Bitget live order book, 2 min ago | 2.38 bp | 11.0 bp −$11 | 15.6 bp −$156 | doesn't fit | 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 | 0.000005255 | −0.075% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005249 | −0.198% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005257 | −0.038% | $68K | $147K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005252 | −0.131% | $102.9M | $363.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005266 | +0.133% | $171.8M | $83.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005268 | +0.181% | $27.1M | $66.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005177 | −1.567% | $822K | $4.9M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005181 | −1.477% | $37K | $491K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005255 | −0.082% | $1K | $2.5M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005250 | −0.164% | $612K | $3.8M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005257 | −0.031% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDTshort | +0.0232% | 8h | 0.000005253 | −0.106% | $48.3M | $183.1M | 75x | |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005255 | −0.076% | $3K | $110K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0366% | 8h | 0.000005253 | −0.108% | $35K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0400% | 8h | 0.000005259 | 0.000% | $50.8M | $654.2M | 50x | as long as short |
| BloFin PEPE-USDTlong | +0.0525% | 8h | 0.000005259 | long leg | $4.6M | $27.5M | 75x | |
| Phemex u1000PEPEUSDT | +0.0617% | 8h | 0.000005256 | −0.065% | $2.6M | $7.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005251 | −0.152% | $769K | $35.4M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0727% | 8h | 0.000005262 | +0.053% | — | $263.3M | — | as long as short |
| SoDEX 1000PEPE-USD | +0.0760% | 1h | 0.000005252 | −0.133% | $2K | $10K | 10x | as long as short |
| MEXC PEPE_USDT | +0.0767% | 8h | 0.000005279 | +0.375% | $101.7M | $294.2M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0768% | 1h | 0.000005262 | +0.054% | $557K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005252 | −0.133% | $148K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0776% | 8h | 0.000005261 | +0.032% | $151.2M | $1.28B | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0796% | 8h | 0.000005271 | +0.227% | $6K | — | 20x | as long as short |
| Lighter 1000PEPE | +0.0808% | 1h | 0.000005259 | 0.000% | $645K | $8.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0841% / S −0.1707% | 1h | 0.000005000 | −4.925% | $64K | — | 100x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0872% | 1h | 0.000005178 | −1.540% | $104K | $746K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0893% | 1h | 0.000005254 | −0.095% | $74K | $125K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0898% | 8h | 0.000005270 | +0.207% | $1.9M | $9.8M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0932% | 1h | 0.000005261 | +0.041% | $184K | $909K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1117% | 1h | 0.000005263 | +0.070% | $84K | $715K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.1120% | 1h | 0.000005272 | +0.247% | $636 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1241% | 1h | 0.000005250 | −0.172% | $4.8M | $16.2M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1562% | 1h | 0.000005265 | +0.114% | $57.0M | $143.1M | 10x | as long as short |
Reya kPEPERUSDPERP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
SoDEX 1000PEPE-USD
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
GMX PEPE/USD [ETH-USDC]
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE