Funding you earn now, next payment 16:00 UTC+0.0247%/8h= +27.0% APRnext payment +$2.47 per $10,000 · paid last 24h +0.057%
Price spread now: BloFin against Bitget+0.355%105s7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as 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−$330.327% of the position
Funding, last 7 days+0.257%+$26 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.355%, 7d avg −0.065%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.420% dearer against Bitget than usual: you sell high and buy low: +$42 more if the spread goes back to its 7-day average of −0.065%. The two prices were read 105 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 | Bitget PEPEUSDT | 0.000005013 | 0.0194 | pay 0.0194% / 8h | 7h 29m | $45.5M | $223.7M | 75x |
| Short | BloFin PEPE-USDT | 0.000005031 | 0.0441 | get 0.0441% / 8h | 7h 29m | $4.4M | $30.2M | 75x |
Bitget PEPEUSDT
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $51.87
- Price spread: +0.355% → −0.065%
- $41.98
- Slippage, 4 orders
- −$8.68
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $61.18
- Costs to cover
- 0.327%
- Break-even
- from the start
Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago | 1.78 bp | 9.6 bp −$10 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.99 bp | 7.0 bp −$7 | 12.2 bp −$122 | 29.9 bp −$2,986 | 50.5 bp −$25.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005010 | −0.066% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005017 | +0.076% | $58K | $188K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005013 | −0.004% | $96.8M | $439.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005011 | −0.044% | $159.0M | $100.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005028 | +0.289% | $644K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005029 | +0.312% | $28K | $552K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005022 | +0.172% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005019 | +0.110% | $583K | $4.3M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005027 | +0.275% | $7K | $121K | 12x | as long as short |
| KuCoin PEPEUSDTM | +0.0163% | 8h | 0.000005016 | +0.056% | $26.6M | $75.1M | 75x | as long as short |
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
Injective PEPE/USDC PERP
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0172% | 1h | 0.000005021 | +0.156% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005016 | +0.049% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDTlong | +0.0194% | 8h | 0.000005013 | long leg | $45.5M | $223.7M | 75x | |
| ApeX Omni 1000PEPEUSDT | +0.0296% | 1h | 0.000005028 | +0.295% | $148K | $841K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0320% | 8h | 0.000005013 | −0.004% | $45.3M | $736.9M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0349% | 1h | 0.000005015 | +0.036% | $71K | $128K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0386% | 1h | 0.000005018 | +0.098% | $96K | $909K | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0409% | 8h | 0.000005014 | +0.007% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0437% | 8h | 0.000005014 | +0.018% | $33K | $30K | 20x | as long as short |
| BloFin PEPE-USDTshort | +0.0441% | 8h | 0.000005031 | +0.355% | $4.4M | $30.2M | 75x | |
| Hyperliquid kPEPE | +0.0454% | 1h | 0.000005016 | +0.056% | $51.9M | $160.8M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005023 | +0.195% | $711K | $39.1M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0536% | 1h | 0.000005020 | +0.136% | $605 | $2K | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0588% | 8h | 0.000005021 | +0.148% | $2.3M | $8.1M | 50x | as long as short |
| Lighter 1000PEPE | +0.0600% | 1h | 0.000005020 | +0.136% | $590K | $9.1M | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0624% | 8h | 0.000005016 | +0.054% | — | $2.3M | — | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0632% | 1h | 0.000005013 | −0.006% | $4.7M | $16.9M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0647% | 8h | 0.000005016 | +0.060% | $96.8M | $308.4M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0648% | 1h | 0.000005015 | +0.040% | $528K | $285K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0648% | 1h | 0.000005018 | +0.096% | $142K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0650% | 8h | 0.000005016 | +0.054% | $138.4M | $1.52B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0669% | 8h | 0.000005018 | +0.095% | $1.7M | $12.0M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0704% | 1h | 0.000005017 | +0.068% | $157K | $967K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0972% / S −0.1091% | 1h | 0.000005000 | −0.263% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.4687% | 1h | 0.000005012 | −0.020% | $19K | $2K | 10x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Hyperliquid kPEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Phemex u1000PEPEUSDT
Lighter 1000PEPE
BingX 1000PEPE-USDC
Kraken Futures PF_PEPEUSD
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD