Funding you earn now, next payment 08:00 UTC+0.0444%/8h= +48.7% APRnext payment +$4.44 per $10,000 · paid last 24h +0.049%
Price spread now: BloFin against Bybit+0.023%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$330.334% of the position
Funding, last 7 days+0.308%+$31 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.023%, 7d avg −0.015%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and BloFin is 0.038% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.015%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.308% in total (about 16.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit 1000PEPEUSDT | 0.000005167 | 0.0100 | pay 0.0100% / 8h | 2h 01m | $100.9M | $410.9M | 50x |
| Short | BloFin PEPE-USDT | 0.000005168 | 0.0544 | get 0.0544% / 8h | 2h 01m | $4.4M | $29.5M | 75x |
Bybit 1000PEPEUSDT
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $93.33
- Price spread: +0.023% → −0.015%
- $3.79
- Slippage, 4 orders
- −$10.37
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $63.75
- Costs to cover
- 0.334%
- Break-even
- 2.2 days
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 3 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 Bybit live order book, 3 min ago | 0.98 bp | 9.2 bp −$9 | 15.7 bp −$157 | 33.3 bp −$3,327 | 131.9 bp −$65.9K |
| Sell BloFin live order book, 3 min ago | 0.98 bp | 7.0 bp −$7 | 11.7 bp −$117 | 29.5 bp −$2,948 | 71.8 bp −$35.9K |
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 | 0.000005145 | −0.421% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0007% | 1h | 0.000005155 | −0.221% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005152 | −0.286% | $59K | $178K | 10x | as long as short |
| Bybit 1000PEPEUSDTlong | +0.0100% | 8h | 0.000005167 | long leg | $100.9M | $410.9M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005153 | −0.267% | $163.1M | $95.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005171 | +0.075% | $26.0M | $71.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005136 | −0.604% | $614K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005129 | −0.736% | $28K | $540K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005169 | +0.048% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005146 | −0.395% | $585K | $4.2M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0145% | 1h | 0.000005163 | −0.074% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005163 | −0.074% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0316% | 8h | 0.000005167 | +0.002% | $46.0M | $213.1M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000005162 | −0.087% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0419% | 8h | 0.000005172 | +0.101% | $48.2M | $719.7M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0539% | 8h | 0.000005150 | −0.333% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDTshort | +0.0544% | 8h | 0.000005168 | +0.023% | $4.4M | $29.5M | 75x | |
| Lighter 1000PEPE | +0.0600% | 1h | 0.000005165 | −0.035% | $623K | $9.1M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0608% | 8h | 0.000005163 | −0.074% | $2.4M | $8.0M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0649% | 1h | 0.000005167 | +0.010% | $68K | $844K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0650% | 1h | 0.000005158 | −0.170% | $162K | $953K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005155 | −0.228% | $622 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005153 | −0.267% | $684K | $38.1M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0703% | 1h | 0.000005129 | −0.732% | $155K | $818K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0720% | 1h | 0.000005162 | −0.093% | $74K | $127K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0757% | 8h | 0.000005169 | +0.033% | — | $217.2M | — | as long as short |
| MEXC PEPE_USDT | +0.0787% | 8h | 0.000005163 | −0.068% | $99.3M | $305.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0791% | 8h | 0.000005164 | −0.061% | $143.0M | $1.44B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005162 | −0.099% | $544K | $281K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000005164 | −0.054% | $146K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0817% | 8h | 0.000005163 | −0.081% | $1.9M | $11.5M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0827% | 1h | 0.000005161 | −0.113% | $4.7M | $16.8M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1037% | 1h | 0.000005167 | +0.004% | $55.1M | $154.0M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1132% / S −0.2351% | 1h | 0.000005000 | −3.228% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005128 | −0.751% | $10K | $119K | 12x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP