Funding you earn now, next payment 08:00 UTC−0.0420%/8h= −45.9% APRnext payment −$4.20 per $10,000 · paid last 24h −0.050%
Price spread now: Gate against BloFin+0.095%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$480.483% of the position
Funding, last 7 days−0.264%−$26 on $10k
+Price spread, last 4 days (all we have)−0.226%−$23 · spread now +0.095%, 7d avg −0.003%
=The price spread pays, funding is against you. Gate is 0.098% dearer against BloFin than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of −0.003%): +$10 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.264% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.264% in total (about -13.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.20 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 | BloFin PEPE-USDT | 0.000005246 | 0.0520 | pay 0.0520% / 8h | 4h 00m | $4.6M | $27.4M | 75x |
| Short | Gate PEPE_USDT | 0.000005251 | 0.0100 | get 0.0100% / 8h | 4h 00m | $171.5M | $84.0M | 75x |
BloFin PEPE-USDT
Gate PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$88.12
- Price spread: +0.095% → −0.003%
- $9.8
- Slippage, 4 orders
- −$21.32
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$126.65
- Costs to cover
- 0.483%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago | 4.77 bp | 10.9 bp −$11 | 16.8 bp −$168 | 38.0 bp −$3,802 | 109.0 bp −$54.5K |
| Sell Gate live order book, 3 min ago | 2.87 bp | 15.9 bp −$16 | 26.0 bp −$260 | 93.8 bp −$9,378 | 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 | 0.000005248 | +0.037% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005244 | −0.042% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005264 | +0.343% | $68K | $147K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005249 | +0.057% | $102.8M | $364.5M | 50x | as long as short |
| Gate PEPE_USDTshort | +0.0100% | 8h | 0.000005251 | +0.095% | $171.5M | $84.0M | 75x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005254 | +0.160% | $27.1M | $66.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005245 | −0.027% | $840K | $4.9M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005247 | +0.018% | $37K | $492K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005250 | +0.080% | $2K | $2.5M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005270 | +0.448% | $611K | $3.8M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | 0.000005252 | +0.116% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0233% | 8h | 0.000005253 | +0.137% | $48.4M | $183.0M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005255 | +0.172% | $3K | $110K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0366% | 8h | 0.000005253 | +0.137% | $35K | $25K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0402% | 8h | 0.000005258 | +0.229% | $50.7M | $654.9M | 50x | as long as short |
| BloFin PEPE-USDTlong | +0.0520% | 8h | 0.000005246 | long leg | $4.6M | $27.4M | 75x | |
| Phemex u1000PEPEUSDT | +0.0618% | 8h | 0.000005249 | +0.067% | $2.6M | $7.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005251 | +0.095% | $767K | $35.5M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0704% | 1h | 0.000005248 | +0.038% | $74K | $126K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0725% | 8h | 0.000005254 | +0.156% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005273 | +0.515% | $149K | — | 3x | as long as short |
| SoDEX 1000PEPE-USD | +0.0769% | 1h | 0.000005246 | 0.000% | $2K | $10K | 10x | as long as short |
| MEXC PEPE_USDT | +0.0775% | 8h | 0.000005258 | +0.223% | $101.1M | $294.3M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0781% | 8h | 0.000005253 | +0.141% | $152.8M | $1.29B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0784% | 1h | 0.000005256 | +0.189% | $557K | $226K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0796% | 8h | 0.000005259 | +0.249% | $6K | — | 20x | as long as short |
| Lighter 1000PEPE | +0.0808% | 1h | 0.000005258 | +0.229% | $643K | $8.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0847% / S −0.1723% | 1h | 0.000005000 | −4.689% | $64K | — | 100x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0855% | 1h | 0.000005267 | +0.400% | $179K | $746K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0899% | 8h | 0.000005259 | +0.248% | $1.9M | $9.8M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0931% | 1h | 0.000005256 | +0.184% | $184K | $909K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1121% | 1h | 0.000005248 | +0.048% | $84K | $715K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.1128% | 1h | 0.000005267 | +0.400% | $635 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1242% | 1h | 0.000005244 | −0.038% | $4.8M | $16.2M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1559% | 1h | 0.000005261 | +0.286% | $57.1M | $143.3M | 10x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
SoDEX 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
GMX PEPE/USD [ETH-USDC]
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE