Funding you earn now, next payment 10:00 UTC+0.0131%/8h= +14.4% APRpaid last 24h +0.044%
Price spread now: BloFin against Reya+0.091%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.091% dearer against Reya than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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 | Reya kPEPERUSDPERP | 0.000004975 | 0.0189 | pay 0.0024% / 1h | 19m 23s | $8K | — | 15x |
| Short | BloFin PEPE-USDT | 0.000004980 | 0.0320 | get 0.0320% / 8h | 6h 19m | $4.3M | $29.1M | 75x |
Reya kPEPERUSDPERP
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Reya. 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
- $27.53
- Price spread: +0.091% → 0.000%
- $9.12
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $18.65
- Costs to cover
- 0.180%
- Break-even
- 2.3 days
Slippage unknown: Reya: 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 Reya no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 3 min ago | 2.00 bp | 10.0 bp −$10 | 10.0 bp −$100 | 30.5 bp −$3,050 | 81.7 bp −$40.9K |
Reya: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004975 | −0.017% | $3K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0026% | 1h | 0.000004976 | +0.003% | $4.6M | $16.8M | 50x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004974 | −0.029% | $589K | $9.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004976 | +0.011% | $51.0M | $161.9M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004975 | −0.009% | $57K | $196K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004976 | +0.013% | $95.1M | $445.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004974 | −0.029% | $155.6M | $101.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004975 | −0.003% | $25.1M | $76.1M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004978 | +0.049% | $45.3M | $228.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004980 | +0.101% | $638K | $5.3M | — | as long as short |
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004986 | +0.212% | $27K | $570K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004987 | +0.232% | $145K | $846K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004986 | +0.204% | $1K | $2.6M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004978 | +0.051% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004975 | −0.017% | $581K | $4.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004972 | −0.068% | $2.3M | $8.0M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0112% | 1h | 0.000004973 | −0.049% | $600 | $2K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0119% | 8h | 0.000004972 | −0.075% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0152% | 1h | 0.000004978 | +0.051% | $57K | $125K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0163% | 1h | 0.000004976 | +0.019% | $140K | $953K | 10x | as long as short |
| Reya kPEPERUSDPERPlong | +0.0189% | 1h | 0.000004975 | long leg | $8K | — | 15x | |
| OKX PEPE-USDT-SWAP | +0.0193% | 8h | 0.000004977 | +0.031% | $44.6M | $736.1M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0299% | 1h | 0.000004973 | −0.049% | $77K | $997K | 15x | as long as short |
| BloFin PEPE-USDTshort | +0.0320% | 8h | 0.000004980 | +0.091% | $4.3M | $29.1M | 75x | |
| Injective PEPE/USDC PERP | +0.0363% | 1h | 0.000004963 | −0.250% | $5K | $121K | 12x | as long as short |
| Extended 1000PEPE-USD | +0.0384% | 1h | 0.000004976 | +0.010% | $522K | $285K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0388% | 8h | 0.000004975 | −0.001% | $129.2M | $1.54B | 75x | as long as short |
| BingX 1000PEPE-USDT | +0.0388% | 8h | 0.000004977 | +0.037% | — | $181.1M | — | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0389% | 8h | 0.000004979 | +0.067% | $32K | $30K | 20x | as long as short |
| Aevo 1000PEPE-PERP | +0.0392% | 1h | 0.000004973 | −0.049% | $141K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0393% | 8h | 0.000004973 | −0.060% | $101.7M | $307.4M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0399% | 8h | 0.000004975 | −0.007% | $1.8M | $12.4M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004975 | −0.009% | $697K | $39.1M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0885% / S −0.1012% | 1h | 0.000004000 | −19.605% | $51K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.8575% | 1h | 0.000004971 | −0.100% | $25K | $12K | 10x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
BingX 1000PEPE-USDT
Orderly PERP_1000PEPE_USDC
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD