Funding you earn now, next payment 08:00 UTC+0.0436%/8h= +47.7% APRnext payment +$4.36 per $10,000 · paid last 24h −0.042%
Price spread now: Phemex against BloFin+0.016%59s7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as 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−$550.552% of the position
Funding, last 7 days−0.278%−$28 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now +0.016%, 7d avg +0.043%
=Funding pays, the price is against you. Phemex is 0.027% cheaper against BloFin than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.043%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −0.278%, so the current rate has only just turned in your favour. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.278% in total (about -14.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.36 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 | 0.000005015 | 0.0436 | pay 0.0436% / 8h | 5h 31m | $4.3M | $25.1M | 75x |
| Short | Phemex u1000PEPEUSDT | 0.000005016 | 0.0872 | get 0.0872% / 8h | 5h 31m | $2.4M | $7.0M | 50x |
BloFin PEPE-USDT
Phemex u1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $91.52
- Price spread: +0.016% → +0.043%
- −$2.73
- Slippage, 4 orders
- −$31.17
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $33.62
- Costs to cover
- 0.552%
- Break-even
- 4.4 days
Slippage from BloFin: live order book, 12 min ago; Phemex: 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, 12 min ago | 1.98 bp | 8.0 bp −$8 | 15.6 bp −$156 | 28.0 bp −$2,798 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 6.41 bp | 22.7 bp −$23 | 31.1 bp −$311 | 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 | 0.000005007 | −0.160% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005010 | −0.104% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005017 | +0.040% | $63K | $136K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005020 | +0.092% | $98.1M | $337.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005021 | +0.120% | $163.8M | $74.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005021 | +0.114% | $25.7M | $62.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005024 | +0.189% | $46.2M | $172.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005042 | +0.529% | $681K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005060 | +0.907% | $36K | $434K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005022 | +0.142% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
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-USDT | +0.0100% | 8h | 0.000005014 | −0.028% | $572K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005020 | +0.091% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0317% | 8h | 0.000005016 | +0.028% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0319% | 8h | 0.000005024 | +0.179% | $45.3M | $585.2M | 50x | as long as short |
| BloFin PEPE-USDTlong | +0.0436% | 8h | 0.000005015 | long leg | $4.3M | $25.1M | 75x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0549% | 1h | 0.000005012 | −0.060% | $61K | $114K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0575% | 8h | 0.000005014 | −0.018% | — | $2.3M | — | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005019 | +0.080% | $910K | $31.2M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0577% | 1h | 0.000005014 | −0.020% | $2K | $12K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0586% / S −0.0912% | 1h | 0.000005000 | −0.299% | $49K | — | 100x | as long as short |
| Aevo 1000PEPE-PERP | +0.0608% | 1h | 0.000005004 | −0.219% | $141K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0611% | 8h | 0.000005022 | +0.148% | $94.6M | $289.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0614% | 8h | 0.000005024 | +0.181% | $141.0M | $1.20B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0616% | 1h | 0.000005021 | +0.113% | $530K | $226K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0694% | 8h | 0.000005023 | +0.150% | $1.8M | $9.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0765% | 8h | 0.000005010 | −0.096% | $6K | — | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0860% | 1h | 0.000005059 | +0.877% | $99K | $752K | 25x | as long as short |
| Phemex u1000PEPEUSDTshort | +0.0872% | 8h | 0.000005016 | +0.016% | $2.4M | $7.0M | 50x | |
| Nado kPEPE-PERP | +0.0885% | 1h | 0.000005018 | +0.066% | $181K | $870K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0948% | 1h | 0.000005019 | +0.084% | $94K | $625K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0968% | 1h | 0.000005024 | +0.179% | $606 | $3K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +1.795% | $4K | $102K | 12x | as long as short |
| Lighter 1000PEPE | +0.1328% | 1h | 0.000005017 | +0.040% | $695K | $8.0M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1388% | 1h | 0.000005013 | −0.043% | $4.2M | $15.1M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1739% | 1h | 0.000005027 | +0.239% | $53.6M | $139.2M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
Coinbase International 1000PEPE-PERP-INTX
SoDEX 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE