Funding you earn now, next payment 08:00 UTC−0.0177%/8h= −19.4% APRnext payment −$1.77 per $10,000 · paid last 24h +0.010%
Price spread now: BloFin against MEXC+1.645%94s7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2as 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−$210.211% of the position
Funding, last 7 days+0.194%+$19 on $10k
+Price spread, last 4 days (all we have)−1.402%−$140 · spread now +1.645%, 7d avg −0.031%
=The price spread pays, funding is against you. BloFin is 1.676% dearer against MEXC than usual: you sell high and buy low (spread +1.645% now, against its 7-day average of −0.031%): +$168 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 32 days. Mind the row above: over the last 7 days funding on this pair paid +0.194%, so the current rate has only just turned against you. The two prices were read 94 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 | MEXC PEPE_USDT | 0.000004985 | 0.0611 | pay 0.0611% / 8h | 5h 33m | $94.1M | $288.8M | 300x |
| Short | BloFin PEPE-USDT | 0.000005067 | 0.0434 | get 0.0434% / 8h | 5h 33m | $4.4M | $25.3M | 75x |
MEXC PEPE_USDT
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- −$37.16
- Price spread: +1.645% → −0.031%
- $167.59
- Slippage, 4 orders
- −$9.07
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $109.35
- Costs to cover
- 0.211%
- Break-even
- from the start
Slippage from MEXC: live order book, 6 min ago; BloFin: live order book, 11 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 MEXC live order book, 6 min ago | 1.39 bp | 2.9 bp −$3 | 17.8 bp −$178 | 48.5 bp −$4,850 | 82.5 bp −$41.3K |
| Sell BloFin live order book, 11 min ago | 1.98 bp | 8.0 bp −$8 | 11.7 bp −$117 | 42.7 bp −$4,272 | 104.1 bp −$52.0K |
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 | 0.000004972 | −0.270% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004966 | −0.385% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004980 | −0.100% | $63K | $136K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004992 | +0.146% | $97.7M | $336.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004980 | −0.100% | $163.7M | $74.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004975 | −0.207% | $25.2M | $62.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004990 | +0.090% | $46.0M | $172.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005042 | +1.134% | $681K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005060 | +1.514% | $36K | $434K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004976 | −0.179% | $2K | $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 | 0.000004980 | −0.102% | $569K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004979 | −0.125% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0316% | 8h | 0.000004962 | −0.463% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0317% | 8h | 0.000004999 | +0.281% | $44.9M | $581.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0355% | 1h | 0.000004959 | −0.522% | $60K | $114K | 25x | as long as short |
| BloFin PEPE-USDTshort | +0.0434% | 8h | 0.000005067 | +1.645% | $4.4M | $25.3M | 75x | |
| SoDEX 1000PEPE-USD | +0.0566% | 1h | 0.000004972 | −0.261% | $2K | $12K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0575% | 8h | 0.000004984 | −0.018% | — | $2.3M | — | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000004969 | −0.321% | $833K | $30.7M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0582% / S −0.0904% | 1h | 0.000004000 | −19.759% | $49K | — | 100x | as long as short |
| Extended 1000PEPE-USD | +0.0608% | 1h | 0.000004985 | +0.007% | $527K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0608% | 1h | 0.000004975 | −0.201% | $141K | — | 3x | as long as short |
| MEXC PEPE_USDTlong | +0.0611% | 8h | 0.000004985 | long leg | $94.1M | $288.8M | 300x | |
| Binance 1000PEPEUSDT | +0.0611% | 8h | 0.000004996 | +0.230% | $140.2M | $1.20B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0694% | 8h | 0.000004976 | −0.182% | $1.8M | $9.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0766% | 8h | 0.000004980 | −0.106% | $6K | — | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0860% | 1h | 0.000005059 | +1.484% | $99K | $752K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0899% | 8h | 0.000004976 | −0.187% | $2.3M | $7.0M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0915% | 1h | 0.000005002 | +0.351% | $181K | $869K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0927% | 1h | 0.000004969 | −0.329% | $95K | $624K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +2.407% | $4K | $102K | 12x | as long as short |
| 01 Exchange kPEPEUSD | +0.0976% | 1h | 0.000004993 | +0.160% | $602 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.1320% | 1h | 0.000004981 | −0.080% | $698K | $8.0M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1399% | 1h | 0.000004972 | −0.260% | $4.2M | $15.1M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1735% | 1h | 0.000004984 | −0.020% | $53.2M | $139.1M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Deribit 1000PEPE_USDC-PERPETUAL
SoDEX 1000PEPE-USD
BingX 1000PEPE-USDC
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
ApeX Omni 1000PEPEUSDT
Phemex u1000PEPEUSDT
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE