Funding you earn now, next payment 00:00 UTC−0.0199%/8h= −21.8% APRnext payment −$1.99 per $10,000 · paid last 24h −0.018%
Price spread now: HTX against BloFin−0.115%59s7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as 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−$440.436% of the position
Funding, last 7 days−0.173%−$17 on $10k
+Price spread, last 3 days (all we have)+0.150%+$15 · spread now −0.115%, 7d avg +0.028%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and HTX is 0.143% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.028%). Swap the legs. The two prices were read 59 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 | 0.000004803 | 0.0299 | pay 0.0299% / 8h | 2h 05m | $3.9M | $21.8M | 75x |
| Short | HTX PEPE-USDT | 0.000004798 | 0.0100 | get 0.0100% / 8h | 2h 05m | $552K | $3.4M | 75x |
BloFin PEPE-USDT
HTX PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$41.89
- Price spread: −0.115% → +0.028%
- −$14.28
- Slippage, 4 orders
- −$19.62
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$99.79
- Costs to cover
- 0.436%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; HTX: 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 | 1.04 bp | 9.6 bp −$10 | 15.1 bp −$151 | 45.2 bp −$4,524 | doesn't fit |
| Sell HTX live order book, 3 min ago | 5.51 bp | 13.7 bp −$14 | 23.3 bp −$233 | 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 | 0.000004797 | −0.131% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004793 | −0.214% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004802 | −0.021% | $58.5M | $72.8M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004800 | −0.062% | $59K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004802 | −0.019% | $87.3M | $275.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004799 | −0.083% | $150.0M | $62.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004801 | −0.031% | $24.9M | $53.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004820 | +0.362% | $577K | $3.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004830 | +0.557% | $27K | $340K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004814 | +0.231% | $1K | $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-USDTshort | +0.0100% | 8h | 0.000004798 | −0.115% | $552K | $3.4M | 75x | |
| OKX PEPE-USDT-SWAP | +0.0182% | 8h | 0.000004806 | +0.062% | $41.4M | $485.3M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0183% | 8h | 0.000004801 | −0.052% | $42.3M | $150.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004799 | −0.084% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDTlong | +0.0299% | 8h | 0.000004803 | long leg | $3.9M | $21.8M | 75x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −16.719% | $52K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0421% | 8h | 0.000004808 | +0.102% | $29K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004798 | −0.104% | $577K | $25.0M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0509% | 8h | 0.000004806 | +0.060% | $2.3M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0530% | 8h | 0.000004799 | −0.080% | $5K | $16 | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004824 | +0.437% | $4K | $110K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0583% | 1h | 0.000004804 | +0.021% | $81K | $94K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0712% | 1h | 0.000004803 | −0.010% | $92K | $624K | 15x | as long as short |
| Lighter 1000PEPE | +0.0728% | 1h | 0.000004809 | +0.125% | $571K | $5.3M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0748% | 1h | 0.000004801 | −0.047% | $188K | $848K | 10x | as long as short |
| SoDEX 1000PEPE-USD | +0.0750% | 1h | 0.000004805 | +0.042% | $2K | $9K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0759% | 1h | 0.000004830 | +0.562% | $103K | $762K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0762% | 1h | 0.000004803 | −0.007% | $3.9M | $13.1M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0826% | 8h | 0.000004802 | −0.023% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0872% | 1h | 0.000004803 | 0.000% | $529K | $147K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0872% | 8h | 0.000004803 | +0.010% | $91.5M | $292.5M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0872% | 1h | 0.000004811 | +0.167% | $136K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0873% | 8h | 0.000004805 | +0.035% | $128.1M | $1.02B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0900% | 8h | 0.000004806 | +0.066% | $1.5M | $6.9M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1184% | 1h | 0.000004805 | +0.042% | $550 | $2K | 10x | as long as short |
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Nado kPEPE-PERP
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD