Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.2% APRnext payment −$2.40 per $10,000 · paid last 24h +0.008%
Price spread now: BloFin against Binance−0.153%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days+0.194%+$19 on $10k
+Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.153%, 7d avg −0.075%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.079% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.075%). Swap the legs. 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance 1000PEPEUSDT | 0.000005162 | 0.0779 | pay 0.0779% / 8h | 1h 50m | $142.6M | $1.45B | 75x |
| Short | BloFin PEPE-USDT | 0.000005154 | 0.0539 | get 0.0539% / 8h | 1h 50m | $4.5M | $29.5M | 75x |
Binance 1000PEPEUSDT
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$50.31
- Price spread: −0.153% → −0.075%
- −$7.88
- Slippage, 4 orders
- −$15.01
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$95.2
- Costs to cover
- 0.370%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 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 Binance live order book, 8 min ago | 0.10 bp | 8.3 bp −$8 | 12.8 bp −$128 | 34.0 bp −$3,402 | doesn't fit |
| Sell BloFin live order book, 3 min ago | 3.87 bp | 11.0 bp −$11 | 17.7 bp −$177 | 36.7 bp −$3,668 | 97.6 bp −$48.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005159 | −0.057% | $10K | $119K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005159 | −0.064% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005158 | −0.078% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005162 | +0.002% | $60K | $180K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005165 | +0.052% | $101.6M | $414.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005163 | +0.021% | $164.5M | $95.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005160 | −0.041% | $25.8M | $72.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005155 | −0.141% | $615K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005165 | +0.067% | $28K | $540K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005172 | +0.197% | $2K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005161 | −0.018% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005145 | −0.328% | $592K | $4.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005162 | +0.005% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0305% | 8h | 0.000005163 | +0.025% | $46.3M | $214.1M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000005160 | −0.028% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0417% | 8h | 0.000005169 | +0.137% | $48.4M | $725.3M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0453% | 1h | 0.000005156 | −0.109% | $4.7M | $16.8M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0464% | 1h | 0.000005159 | −0.062% | $73K | $849K | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0513% | 8h | 0.000005168 | +0.113% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDTshort | +0.0539% | 8h | 0.000005154 | −0.153% | $4.5M | $29.5M | 75x | |
| Phemex u1000PEPEUSDT | +0.0575% | 8h | 0.000005154 | −0.146% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005167 | +0.098% | $684K | $38.6M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0629% | 1h | 0.000005167 | +0.098% | $156K | $820K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.0664% | 1h | 0.000005169 | +0.137% | $623 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.0672% | 1h | 0.000005164 | +0.040% | $621K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0711% | 1h | 0.000005164 | +0.040% | $164K | $956K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0719% | 1h | 0.000005163 | +0.021% | $74K | $127K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0751% | 8h | 0.000005163 | +0.025% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0776% | 1h | 0.000005164 | +0.033% | $547K | $285K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0776% | 1h | 0.000005160 | −0.037% | $146K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0779% | 8h | 0.000005169 | +0.139% | $98.8M | $302.4M | 300x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0779% | 8h | 0.000005162 | long leg | $142.6M | $1.45B | 75x | |
| Aster 1000PEPEUSDT | +0.0795% | 8h | 0.000005160 | −0.040% | $1.8M | $11.6M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0945% | 1h | 0.000005165 | +0.060% | $55.1M | $154.5M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2351% | 1h | 0.000005000 | −3.137% | $63K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSD
Backpack kPEPE_USDC_PERP
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
01 Exchange kPEPEUSD
Lighter 1000PEPE
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]