Settings8H · net · $10k
Funding arb · Price arb /

PEP

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Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.058%
Price spread now: Bitget against Bybit−0.207%7-day average −0.291% · you buy dearer than you sell
Net, funding: paid 7d − costs−$271as in the Funding arb table
Net, price: spread back to 7d avg − costs−$227as in the Price arb table
costs, in and out, $10k−$2352.355% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.360%−$36 on $10k
Price spread, last 4 days (all we have)−0.077%−$8 · spread now −0.207%, 7d avg −0.291%
Together, before fees−0.437%−$44 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.084% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.291%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PEPUSDT130.410get 0.0000% / 8h7h 56m$292K$107K25x
ShortBitget PEPUSDT130.140get 0.0000% / 8h7h 56m$488K$89K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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

Funding earned
$0
Price spread: −0.207% → −0.291%
$8.43
Slippage, 4 orders
−$212.46
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$227.02
Costs to cover
2.355%
Break-even
never at this rate
Slippage from Bybit: live order book, 33 min ago; Bitget: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 33 min ago7.64 bp99.5 bp −$99doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 34 min ago17.26 bp47.4 bp −$4792.1 bp −$921doesn't fitdoesn't fit

PEP on 4 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PEPUSDTlong0.0000%8h130.41long leg$292K$107K25x
Gate PEP_USDT0.0000%8h130.82+0.314%$115K$7K25xas long as short
Bitget PEPUSDTshort0.0000%8h130.14−0.207%$488K$89K20x
HTX PEP-USDT0.0000%8h130.03−0.291%$6K$352K20xas long as short