Funding you earn now, next payment 22:00 UTC−0.0728%/8h= −79.7% APRpaid last 24h +0.014%
Price spread now: BloFin against Deribit−0.845%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.235%+$24 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and BloFin is 0.845% cheaper against Deribit than usual: you would sell low and buy high (−$84 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.235%, so the current rate has only just turned against you. The two prices were read 57 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 0.235% in total (about 12.3% a year). A funding rate is set anew for every payment. 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 | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004854 | 0.0988 | pay 0.0123% / 1h | 25m 32s | $82K | $94K | 25x |
| Short | BloFin PEPE-USDT | 0.000004813 | 0.0260 | get 0.0260% / 8h | 2h 25m | $3.9M | $21.7M | 75x |
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Deribit. 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
- −$152.87
- Price spread: −0.845% → 0.000%
- −$84.47
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$256.34
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; BloFin: live order book, 3 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 3 min ago | 3.12 bp | 9.1 bp −$9 | 11.3 bp −$113 | 31.7 bp −$3,166 | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.000004842 | −0.251% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004844 | −0.206% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004847 | −0.144% | $57.7M | $70.9M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004851 | −0.062% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004864 | +0.202% | $88.2M | $273.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004846 | −0.165% | $150.9M | $62.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004847 | −0.134% | $25.1M | $53.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004799 | −1.127% | $702K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004818 | −0.743% | $27K | $337K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004861 | +0.138% | $2K | $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-USDT | +0.0100% | 8h | 0.000004856 | +0.045% | $559K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0148% | 8h | 0.000004863 | +0.185% | $41.6M | $490.6M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0178% | 8h | 0.000004863 | +0.194% | $43.5M | $151.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004848 | −0.117% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDTshort | +0.0260% | 8h | 0.000004813 | −0.845% | $3.9M | $21.7M | 75x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0319% / S −0.0217% | 1h | 0.000004000 | −17.594% | $52K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0390% | 8h | 0.000004856 | +0.033% | $30K | $11K | 20x | as long as short |
| Lighter 1000PEPE | +0.0440% | 1h | 0.000004850 | −0.082% | $620K | $5.2M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0449% | 8h | 0.000004850 | −0.089% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0457% | 8h | 0.000004853 | −0.019% | $2.3M | $6.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004853 | −0.021% | $582K | $25.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004809 | −0.927% | $4K | $110K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0611% | 1h | 0.000004852 | −0.031% | $95K | $623K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0693% | 1h | 0.000004848 | −0.123% | $192K | $856K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0736% | 1h | 0.000004809 | −0.927% | $100K | $760K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0755% | 1h | 0.000004851 | −0.068% | $3.9M | $13.1M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0784% | 8h | 0.000004845 | −0.187% | — | $2.3M | — | as long as short |
| SoDEX 1000PEPE-USD | +0.0812% | 1h | 0.000004851 | −0.062% | $2K | $9K | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0832% | 1h | 0.000004840 | −0.288% | $137K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0836% | 8h | 0.000004854 | −0.006% | $91.4M | $290.5M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0840% | 1h | 0.000004862 | +0.155% | $534K | $147K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0845% | 8h | 0.000004867 | +0.276% | $129.5M | $1.02B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0886% | 8h | 0.000004861 | +0.141% | $1.5M | $6.8M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0988% | 1h | 0.000004854 | long leg | $82K | $94K | 25x | |
| 01 Exchange kPEPEUSD | +0.1256% | 1h | 0.000004880 | +0.536% | $559 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDC
SoDEX 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD