PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0141%/8h= +15.4% APRnext payment +$1.41 per $10,000 · paid last 24h +0.036%

Price spread now: BloFin against Gate+0.292%108s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as 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−$470.471% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.255%+$26 on $10k

Price spread, last 3 days (all we have)−0.161%−$16 · spread now +0.292%, 7d avg +0.011%

Together, before fees+0.094%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.280% dearer against Gate than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.011%. The two prices were read 108 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	Gate PEPE_USDT	0.000004798	0.0100	pay 0.0100% / 8h	2h 35m	$148.3M	$61.7M	75x
Short	BloFin PEPE-USDT	0.000004812	0.0241	get 0.0241% / 8h	2h 35m	$3.9M	$21.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BloFinbpOrdersPrice spread, now +0.292%Rate

Funding earned: $29.61
Price spread: +0.292% → +0.011%: $28.03
Slippage, 4 orders: −$20.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: $10.52
Costs to cover: 0.471%
Break-even: 4.5 days

Slippage from Gate: live order book, 4 min ago; BloFin: live order book, 4 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 Gate live order book, 4 min ago	3.12 bp	10.6 bp −$11	18.2 bp −$182	73.1 bp −$7,315	doesn't fit
Sell BloFin live order book, 4 min ago	6.22 bp	12.2 bp −$12	15.4 bp −$154	33.4 bp −$3,338	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	0.000004793	−0.097%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004795	−0.067%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004804	+0.125%	$56.6M	$69.8M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004801	+0.063%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004798	0.000%	$88.6M	$273.0M	50x	as long as short
Gate PEPE_USDTlong	+0.0100%	8h	0.000004798	long leg	$148.3M	$61.7M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004800	+0.035%	$23.7M	$52.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004799	+0.028%	$705K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004821	+0.479%	$27K	$337K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004807	+0.192%	$1K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000004791	−0.146%	$552K	$3.6M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0125%	8h	0.000004800	+0.042%	$41.2M	$487.5M	50x	as long as short
Bitget PEPEUSDT	+0.0168%	8h	0.000004799	+0.025%	$43.3M	$152.1M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004803	+0.109%	$7K	—	15x	as long as short
BloFin PEPE-USDTshort	+0.0241%	8h	0.000004812	+0.292%	$3.9M	$21.5M	75x
Lighter 1000PEPE	+0.0248%	1h	0.000004800	+0.042%	$590K	$5.1M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0217%	1h	0.000004000	−16.632%	$52K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0355%	8h	0.000004799	+0.019%	$5K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0373%	8h	0.000004800	+0.042%	$30K	$10K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0402%	1h	0.000004795	−0.058%	$95K	$624K	15x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004804	+0.125%	$587K	$25.3M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0480%	8h	0.000004789	−0.183%	$2.3M	$6.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004805	+0.146%	$4K	$92K	12x	as long as short
SoDEX 1000PEPE-USD	+0.0582%	1h	0.000004801	+0.063%	$2K	$9K	10x	as long as short
Nado kPEPE-PERP	+0.0665%	1h	0.000004800	+0.049%	$179K	$865K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0670%	1h	0.000004816	+0.375%	$100K	$758K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0763%	1h	0.000004802	+0.079%	$3.9M	$13.0M	50x	as long as short
BingX 1000PEPE-USDT	+0.0767%	8h	0.000004803	+0.110%	—	$254.8M	—	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0792%	1h	0.000004802	+0.083%	$81K	$94K	25x	as long as short
Extended 1000PEPE-USD	+0.0808%	1h	0.000004799	+0.031%	$526K	$146K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0808%	1h	0.000004808	+0.208%	$136K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0809%	8h	0.000004803	+0.104%	$127.3M	$1.02B	75x	as long as short
MEXC PEPE_USDT	+0.0810%	8h	0.000004808	+0.202%	$89.4M	$289.2M	300x	as long as short
Aster 1000PEPEUSDT	+0.0849%	8h	0.000004799	+0.026%	$1.5M	$6.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.1240%	1h	0.000004813	+0.313%	$551	$2K	10x	as long as short