Funding you earn now, next payment 08:00 UTC−0.0405%/8h= −44.3% APRnext payment −$4.05 per $10,000 · paid last 24h −0.049%
Price spread now: Bybit against BloFin+0.095%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$400.400% of the position
Funding, last 7 days−0.308%−$31 on $10k
+Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.095%, 7d avg +0.014%
=The price spread pays, funding is against you. Bybit is 0.081% dearer against BloFin than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of +0.014%): +$8 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.308% in total) that is about 44 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PEPE-USDT | 0.000005245 | 0.0505 | pay 0.0505% / 8h | 42m 40s | $4.5M | $30.6M | 75x |
| Short | Bybit 1000PEPEUSDT | 0.000005250 | 0.0100 | get 0.0100% / 8h | 42m 40s | $102.1M | $425.9M | 50x |
BloFin PEPE-USDT
Bybit 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$85.02
- Price spread: +0.095% → +0.014%
- $8.12
- Slippage, 4 orders
- −$16.97
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$116.87
- Costs to cover
- 0.400%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Bybit: live order book, 1 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 | 4.85 bp | 10.8 bp −$11 | 14.4 bp −$144 | 24.1 bp −$2,410 | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.96 bp | 9.0 bp −$9 | 12.9 bp −$129 | 28.3 bp −$2,831 | 206.7 bp −$103.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005247 | +0.047% | $20K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005241 | −0.080% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005252 | +0.133% | $61K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDTshort | +0.0100% | 8h | 0.000005250 | +0.095% | $102.1M | $425.9M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005231 | −0.267% | $164.9M | $98.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005200 | −0.849% | $651K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005205 | −0.762% | $29K | $546K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005259 | +0.261% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005255 | +0.193% | $611K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0123% | 8h | 0.000005242 | −0.053% | $27.2M | $73.3M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni 1000PEPEUSDT | +0.0151% | 1h | 0.000005222 | −0.439% | $152K | $832K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005248 | +0.065% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0275% | 8h | 0.000005237 | −0.154% | $47.0M | $218.8M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0384% | 8h | 0.000005238 | −0.133% | $48.2M | $754.9M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0404% | 1h | 0.000005246 | +0.019% | $2K | $11K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005203 | −0.801% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0408% | 8h | 0.000005248 | +0.057% | $35K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0503% | 8h | 0.000005240 | −0.096% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDTlong | +0.0505% | 8h | 0.000005245 | long leg | $4.5M | $30.6M | 75x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0513% | 1h | 0.000005249 | +0.076% | $75K | $127K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0513% | 8h | 0.000005247 | +0.032% | $2.4M | $8.1M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005250 | +0.095% | $695K | $40.0M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0561% | 1h | 0.000005243 | −0.046% | $76K | $870K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0617% | 1h | 0.000005246 | +0.010% | $169K | $955K | 10x | as long as short |
| Lighter 1000PEPE | +0.0648% | 1h | 0.000005259 | +0.267% | $625K | $9.0M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0700% | 1h | 0.000005243 | −0.044% | $4.8M | $16.7M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0712% | 8h | 0.000005239 | −0.111% | — | $218.5M | — | as long as short |
| 01 Exchange kPEPEUSD | +0.0728% | 1h | 0.000005249 | +0.076% | $633 | $2K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0739% | 8h | 0.000005256 | +0.215% | $1.8M | $11.7M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0749% | 8h | 0.000005247 | +0.040% | $102.0M | $304.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0750% | 8h | 0.000005254 | +0.176% | $144.1M | $1.49B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0752% | 1h | 0.000005235 | −0.189% | $550K | $284K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0752% | 1h | 0.000005258 | +0.248% | $149K | — | 3x | as long as short |
| Hyperliquid kPEPE | +0.0992% | 1h | 0.000005250 | +0.095% | $54.6M | $157.6M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1136% / S −0.2351% | 1h | 0.000005000 | −4.671% | $65K | — | 100x | as long as short |
ApeX Omni 1000PEPEUSDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
01 Exchange kPEPEUSD
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]