Funding you earn now, next payment 08:00 UTC−0.0254%/8h= −27.8% APRnext payment −$2.54 per $10,000 · paid last 24h +0.010%
Price spread now: BloFin against MEXC+0.034%94s7-day average −0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as 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−$260.256% of the position
Funding, last 7 days+0.194%+$19 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.034%, 7d avg −0.058%
=The price spread pays, funding is against you. BloFin is 0.093% dearer against MEXC than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.058%): +$9 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 29 hours. Mind the row above: over the last 7 days funding on this pair paid +0.194%, so the current rate has only just turned against you. The two prices were read 94 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 | MEXC PEPE_USDT | 0.000005242 | 0.0815 | pay 0.0815% / 8h | 3h 17m | $99.4M | $296.5M | 300x |
| Short | BloFin PEPE-USDT | 0.000005244 | 0.0561 | get 0.0561% / 8h | 3h 17m | $4.8M | $28.3M | 75x |
MEXC PEPE_USDT
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- −$53.37
- Price spread: +0.034% → −0.058%
- $9.26
- Slippage, 4 orders
- −$13.55
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$69.66
- Costs to cover
- 0.256%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; BloFin: live order book, 6 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 MEXC live order book, 1 min ago | 0.76 bp | 1.3 bp −$1 | 12.4 bp −$124 | 46.1 bp −$4,613 | 80.8 bp −$40.4K |
| Sell BloFin live order book, 6 min ago | 4.77 bp | 11.3 bp −$11 | 18.9 bp −$189 | 55.6 bp −$5,560 | 119.3 bp −$59.7K |
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 | 0.000005235 | −0.146% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005237 | −0.103% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +1.618% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005243 | +0.015% | $66K | $163K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005242 | −0.006% | $106.5M | $383.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005240 | −0.042% | $172.8M | $89.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005241 | −0.013% | $26.1M | $68.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005213 | −0.565% | $661K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005223 | −0.365% | $29K | $534K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005249 | +0.122% | $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 | 0.000005238 | −0.088% | $589K | $3.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005242 | −0.009% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0317% | 8h | 0.000005246 | +0.063% | $50.9M | $191.0M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0401% | 8h | 0.000005245 | +0.055% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0432% | 8h | 0.000005244 | +0.034% | $50.8M | $679.3M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0456% | 1h | 0.000005245 | +0.053% | $2K | $10K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0485% | 8h | 0.000005240 | −0.035% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDTshort | +0.0561% | 8h | 0.000005244 | +0.034% | $4.8M | $28.3M | 75x | |
| Phemex u1000PEPEUSDT | +0.0674% | 8h | 0.000005245 | +0.050% | $2.5M | $7.6M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005247 | +0.092% | $727K | $36.5M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0762% | 8h | 0.000005239 | −0.059% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0808% | 1h | 0.000005248 | +0.111% | $148K | — | 3x | as long as short |
| MEXC PEPE_USDTlong | +0.0815% | 8h | 0.000005242 | long leg | $99.4M | $296.5M | 300x | |
| Extended 1000PEPE-USD | +0.0816% | 1h | 0.000005243 | +0.011% | $556K | $231K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0817% | 8h | 0.000005247 | +0.092% | $152.5M | $1.34B | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0841% | 1h | 0.000005241 | −0.023% | $161K | $810K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0861% | 1h | 0.000005238 | −0.087% | $189K | $917K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0896% | 1h | 0.000005243 | +0.015% | $75K | $126K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0926% | 8h | 0.000005242 | −0.005% | $1.8M | $10.4M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0977% / S −0.1961% | 1h | 0.000005000 | −4.620% | $64K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.0984% | 1h | 0.000005251 | +0.168% | $633 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1150% | 1h | 0.000005246 | +0.076% | $68K | $724K | 15x | as long as short |
| Lighter 1000PEPE | +0.1200% | 1h | 0.000005245 | +0.053% | $632K | $8.8M | 10x | as long as short |
| Hyperliquid kPEPE | +0.1541% | 1h | 0.000005250 | +0.149% | $57.1M | $146.0M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1558% | 1h | 0.000005242 | −0.010% | $4.8M | $16.4M | 50x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Hyperliquid kPEPE
Kraken Futures PF_PEPEUSD