Funding you earn now, next payment 11:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h −0.048%
Price spread now: BloFin against Deribit−0.040%57s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as 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−$350.351% of the position
Funding, last 7 days+0.196%+$20 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now −0.040%, 7d avg −0.021%
=The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 57 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 | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004947 | 0.0154 | pay 0.0019% / 1h | 48m 17s | $57K | $115K | 25x |
| Short | BloFin PEPE-USDT | 0.000004945 | 0.0252 | get 0.0252% / 8h | 5h 48m | $4.3M | $28.7M | 75x |
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Deribit. 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
- $20.52
- Price spread: −0.040% → −0.021%
- −$1.95
- Slippage, 4 orders
- −$16.06
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$16.5
- Costs to cover
- 0.351%
- Break-even
- 12.6 days
Slippage from Deribit: live order book, 63 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 Deribit live order book, 63 min ago | 5.02 bp | 10.5 bp −$11 | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 1.01 bp | 9.0 bp −$9 | 9.7 bp −$97 | 30.4 bp −$3,036 | 77.0 bp −$38.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0371% | 1h | 0.000004944 | −0.061% | $4.6M | $15.8M | 50x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004943 | −0.075% | $3K | — | 150x | as long as short |
| 01 Exchange kPEPEUSD | +0.0056% | 1h | 0.000004945 | −0.040% | $596 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004954 | +0.141% | $597K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0100% | 1h | 0.000004951 | +0.087% | $147K | $943K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004949 | +0.040% | $50.1M | $155.1M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004951 | +0.081% | $57K | $194K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004949 | +0.030% | $94.1M | $442.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004947 | 0.000% | $152.3M | $102.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004950 | +0.053% | $24.9M | $75.9M | 75x | as long as short |
Kraken Futures PF_PEPEUSD
gTrade (Gains Network) PEPE/USD
01 Exchange kPEPEUSD
Lighter 1000PEPE
Nado kPEPE-PERP
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTMShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004942 | −0.101% | $43.5M | $231.0M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004955 | +0.164% | $75K | $990K | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004937 | −0.197% | $642K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004941 | −0.123% | $27K | $571K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004944 | −0.061% | $143K | $850K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004956 | +0.174% | $2K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004946 | −0.020% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004946 | −0.010% | $580K | $4.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004958 | +0.224% | $2.3M | $7.9M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0110% | 8h | 0.000004945 | −0.038% | $6K | — | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0123% | 8h | 0.000004951 | +0.081% | $44.4M | $720.9M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0154% | 1h | 0.000004947 | long leg | $57K | $115K | 25x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004938 | −0.186% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDTshort | +0.0252% | 8h | 0.000004945 | −0.040% | $4.3M | $28.7M | 75x | |
| Binance 1000PEPEUSDT | +0.0260% | 8h | 0.000004950 | +0.063% | $128.3M | $1.52B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0264% | 1h | 0.000004944 | −0.053% | $518K | $285K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0265% | 8h | 0.000004949 | +0.038% | $101.9M | $295.3M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0272% | 1h | 0.000004945 | −0.040% | $140K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0273% | 8h | 0.000004950 | +0.067% | $1.7M | $12.5M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0273% | 8h | 0.000004948 | +0.028% | — | $181.1M | — | as long as short |
| Injective PEPE/USDC PERP | +0.0284% | 1h | 0.000004946 | −0.020% | $4K | $122K | 12x | as long as short |
| dYdX PEPE-USD | +0.0333% | 1h | 0.000004951 | +0.071% | $25K | $18K | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0338% | 8h | 0.000004950 | +0.055% | $32K | $30K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004948 | +0.020% | $732K | $38.8M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0839% / S −0.0953% | 1h | 0.000004000 | −19.143% | $50K | — | 100x | as long as short |
Bitget PEPEUSDT
Backpack kPEPE_USDC_PERP
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
BingX 1000PEPE-USDT
Injective PEPE/USDC PERP
dYdX PEPE-USD
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]