PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0174%/8h= +19.1% APRnext payment +$1.74 per $10,000 · paid last 24h +0.071%

Price spread now: BloFin against HTX+0.274%59s7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as 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−$450.446% of the position

Long on HTX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.220%+$22 on $10k

Price spread, last 4 days (all we have)−0.309%−$31 · spread now +0.274%, 7d avg −0.047%

Together, before fees−0.090%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BloFin is 0.321% dearer against HTX than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of −0.047%. 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	HTX PEPE-USDT	0.000004961	0.0100	pay 0.0100% / 8h	5h 57m	$582K	$4.2M	75x
Short	BloFin PEPE-USDT	0.000004975	0.0274	get 0.0274% / 8h	5h 57m	$4.3M	$28.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against HTX. 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 HTXbpFee BloFinbpOrdersPrice spread, now +0.274%Rate

Funding earned: $36.59
Price spread: +0.274% → −0.047%: $32.09
Slippage, 4 orders: −$20.64
Fee HTX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $24.04
Costs to cover: 0.446%
Break-even: 2.4 days

Slippage from HTX: live order book, 5 min ago; BloFin: live order book, 5 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 HTX live order book, 5 min ago	5.03 bp	14.8 bp −$15	25.6 bp −$256	105.6 bp −$10.6K	doesn't fit
Sell BloFin live order book, 5 min ago	2.01 bp	8.7 bp −$9	11.2 bp −$112	20.4 bp −$2,044	72.7 bp −$36.3K

PEPE on 35 exchanges

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
Kraken Futures PF_PEPEUSD	−0.0370%	1h	0.000004954	−0.158%	$4.6M	$16.5M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004956	−0.119%	$25K	$18K	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004956	−0.101%	$3K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004959	−0.048%	$596K	$9.0M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004953	−0.169%	$50.1M	$156.1M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004957	−0.089%	$57K	$195K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004953	−0.179%	$94.1M	$441.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004952	−0.189%	$153.2M	$101.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004951	−0.202%	$25.0M	$75.6M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004951	−0.214%	$45.1M	$224.0M	75x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004954	−0.157%	$76K	$988K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004972	+0.220%	$646K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004974	+0.256%	$27K	$571K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004977	+0.314%	$144K	$851K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004967	+0.109%	$1K	$2.5M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004956	−0.109%	$2K	$11K	10x	as long as short
HTX PEPE-USDTlong	+0.0100%	8h	0.000004961	long leg	$582K	$4.2M	75x
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004959	−0.046%	$2.3M	$8.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0112%	8h	0.000004955	−0.129%	$6K	—	20x	as long as short
01 Exchange kPEPEUSD	+0.0120%	1h	0.000004955	−0.129%	$598	$2K	10x	as long as short
OKX PEPE-USDT-SWAP	+0.0149%	8h	0.000004955	−0.129%	$44.6M	$721.7M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0154%	1h	0.000004956	−0.109%	$57K	$115K	25x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004949	−0.254%	$7K	—	15x	as long as short
Nado kPEPE-PERP	+0.0203%	1h	0.000004956	−0.102%	$136K	$936K	10x	as long as short
BloFin PEPE-USDTshort	+0.0274%	8h	0.000004975	+0.274%	$4.3M	$28.8M	75x
Injective PEPE/USDC PERP	+0.0284%	1h	0.000004983	+0.435%	$5K	$122K	12x	as long as short
Binance 1000PEPEUSDT	+0.0301%	8h	0.000004955	−0.136%	$128.1M	$1.52B	75x	as long as short
Aster 1000PEPEUSDT	+0.0304%	8h	0.000004953	−0.177%	$1.8M	$12.4M	50x	as long as short
Extended 1000PEPE-USD	+0.0304%	1h	0.000004955	−0.122%	$522K	$285K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0304%	1h	0.000004958	−0.069%	$140K	—	3x	as long as short
MEXC PEPE_USDT	+0.0307%	8h	0.000004952	−0.193%	$101.6M	$294.4M	300x	as long as short
BingX 1000PEPE-USDT	+0.0310%	8h	0.000004953	−0.161%	—	$180.9M	—	as long as short
Orderly PERP_1000PEPE_USDC	+0.0352%	8h	0.000004952	−0.185%	$32K	$30K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004957	−0.089%	$691K	$38.5M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0839% / S −0.0953%	1h	0.000004000	−19.378%	$51K	—	100x	as long as short