Funding you earn now, next payment 04:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.027%
Price spread now: BloFin against Coinbase International+0.207%58s7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as 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−$460.464% of the position
Funding, last 7 days+0.201%+$20 on $10k
+Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.207%, 7d avg −0.039%
=The price spread pays, funding is against you. BloFin is 0.246% dearer against Coinbase International than usual: you sell high and buy low (spread +0.207% now, against its 7-day average of −0.039%): +$25 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.201%, so the current rate has only just turned against you. The two prices were read 58 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 | Coinbase International 1000PEPE-PERP-INTX | 0.000005322 | 0.0712 | pay 0.0089% / 1h | 45m 32s | $714K | $36.2M | 50x |
| Short | BloFin PEPE-USDT | 0.000005333 | 0.0542 | get 0.0542% / 8h | 3h 45m | $4.5M | $28.2M | 75x |
Coinbase International 1000PEPE-PERP-INTX
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Coinbase International. 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
- −$35.64
- Price spread: +0.207% → −0.039%
- $24.6
- Slippage, 4 orders
- −$24.43
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$57.47
- Costs to cover
- 0.464%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago | 4.68 bp | 13.9 bp −$14 | 18.2 bp −$182 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 4.68 bp | 11.1 bp −$11 | 14.9 bp −$149 | 43.6 bp −$4,356 | 81.6 bp −$40.8K |
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 | 0.000005317 | −0.085% | $20K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005313 | −0.173% | $15K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005381 | +1.109% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005321 | −0.019% | $69K | $153K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005317 | −0.094% | $104.4M | $371.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005316 | −0.113% | $176.1M | $86.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005317 | −0.086% | $26.9M | $67.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005314 | −0.158% | $761K | $5.1M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005342 | +0.384% | $43K | $498K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005321 | −0.019% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
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 | 0.000005324 | +0.047% | $610K | $3.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005322 | −0.009% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0264% | 8h | 0.000005326 | +0.081% | $52.0M | $186.6M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000005317 | −0.096% | $36K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0422% | 8h | 0.000005323 | +0.019% | $52.4M | $675.5M | 50x | as long as short |
| BloFin PEPE-USDTshort | +0.0542% | 8h | 0.000005333 | +0.207% | $4.5M | $28.2M | 75x | |
| Phemex u1000PEPEUSDT | +0.0617% | 8h | 0.000005320 | −0.045% | $2.6M | $7.5M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0688% | 1h | 0.000005324 | +0.038% | $2K | $10K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0691% | 1h | 0.000005317 | −0.094% | $75K | $126K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0712% | 1h | 0.000005322 | long leg | $714K | $36.2M | 50x | |
| BingX 1000PEPE-USDC | +0.0754% | 8h | 0.000005321 | −0.021% | — | $2.3M | — | as long as short |
| Paradex kPEPE-USD-PERP | +0.0799% | 8h | 0.000005320 | −0.030% | $6K | — | 20x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005323 | +0.019% | $150K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0807% | 8h | 0.000005326 | +0.077% | $103.8M | $292.7M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0807% | 8h | 0.000005322 | −0.004% | $154.1M | $1.31B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000005323 | +0.025% | $563K | $226K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0856% | 1h | 0.000005325 | +0.065% | $190K | $914K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0894% / S −0.1749% | 1h | 0.000005000 | −6.050% | $65K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0935% | 8h | 0.000005321 | −0.027% | $1.9M | $9.9M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1118% | 1h | 0.000005342 | +0.376% | $177K | $798K | 25x | as long as short |
| Lighter 1000PEPE | +0.1224% | 1h | 0.000005324 | +0.038% | $692K | $8.6M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1240% | 1h | 0.000005333 | +0.207% | $643 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1367% | 1h | 0.000005320 | −0.032% | $72K | $722K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1535% | 1h | 0.000005319 | −0.063% | $4.9M | $16.3M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1772% | 1h | 0.000005329 | +0.132% | $58.5M | $144.5M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Phemex u1000PEPEUSDT
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
Paradex kPEPE-USD-PERP
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Lighter 1000PEPE
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE