Funding you earn now, next payment 16:00 UTC−0.0177%/8h= −19.4% APRnext payment −$1.77 per $10,000 · paid last 24h −0.030%
Price spread now: BloFin against BingX+0.044%7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$240.242% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)+0.214%+$21 · spread now +0.044%, 7d avg −0.048%
=The price spread pays, funding is against you. BloFin is 0.092% dearer against BingX than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.048%): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 41 hours. Mind the row above: over the last 7 days funding on this pair paid +0.121%, 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 | BingX 1000PEPE-USDT | 0.000005026 | 0.0618 | pay 0.0618% / 8h | 7h 27m | — | $177.6M | — |
| Short | BloFin PEPE-USDT | 0.000005028 | 0.0441 | get 0.0441% / 8h | 7h 27m | $4.5M | $30.2M | 75x |
BingX 1000PEPE-USDT
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$37.24
- Price spread: +0.044% → −0.048%
- $9.2
- Slippage, 4 orders
- −$2.17
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$52.21
- Costs to cover
- 0.242%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; BloFin: live order book, 7 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 BingX live order book, 12 min ago | 0.10 bp | 5.1 bp −$5 | 6.9 bp −$69 | 15.0 bp −$1,498 | 35.9 bp −$17.9K |
| Sell BloFin live order book, 7 min ago | 0.99 bp | 7.0 bp −$7 | 12.2 bp −$122 | 29.9 bp −$2,986 | 50.5 bp −$25.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005019 | −0.129% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005035 | +0.183% | $58K | $188K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005017 | −0.175% | $96.8M | $440.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005023 | −0.056% | $159.4M | $100.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005028 | +0.037% | $644K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005029 | +0.061% | $28K | $552K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005034 | +0.161% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005031 | +0.111% | $586K | $4.3M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005015 | −0.215% | $7K | $121K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0148% | 1h | 0.000005026 | +0.004% | $72K | $128K | 25x | as long as short |
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUALShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0164% | 8h | 0.000005031 | +0.109% | $26.6M | $75.1M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005035 | +0.182% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0191% | 8h | 0.000005016 | −0.193% | $45.4M | $223.9M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0194% | 1h | 0.000005026 | +0.004% | $2K | $11K | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0248% | 8h | 0.000005025 | −0.006% | $2.3M | $8.1M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0296% | 1h | 0.000005028 | +0.044% | $148K | $841K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0318% | 8h | 0.000005019 | −0.135% | $45.4M | $738.0M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0382% | 1h | 0.000005025 | −0.016% | $92K | $911K | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0407% | 8h | 0.000005029 | +0.065% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0438% | 8h | 0.000005028 | +0.046% | $33K | $30K | 20x | as long as short |
| BloFin PEPE-USDTshort | +0.0441% | 8h | 0.000005028 | +0.044% | $4.5M | $30.2M | 75x | |
| Hyperliquid kPEPE | +0.0461% | 1h | 0.000005029 | +0.064% | $52.1M | $161.0M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005028 | +0.044% | $717K | $39.2M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0544% | 1h | 0.000005035 | +0.183% | $607 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0608% | 1h | 0.000005031 | +0.103% | $591K | $9.1M | 10x | as long as short |
| BingX 1000PEPE-USDTlong | +0.0618% | 8h | 0.000005026 | long leg | — | $177.6M | — | |
| Kraken Futures PF_PEPEUSD | +0.0631% | 1h | 0.000005022 | −0.082% | $4.8M | $16.9M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0648% | 1h | 0.000005017 | −0.174% | $528K | $285K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0648% | 8h | 0.000005015 | −0.205% | $98.3M | $308.9M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0648% | 1h | 0.000005028 | +0.044% | $142K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0649% | 8h | 0.000005024 | −0.044% | $137.3M | $1.52B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0668% | 8h | 0.000005023 | −0.057% | $1.7M | $12.1M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0677% | 1h | 0.000005030 | +0.091% | $158K | $967K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0972% / S −0.1091% | 1h | 0.000005000 | −0.513% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.5171% | 1h | 0.000005029 | +0.058% | $25K | $12K | 10x | as long as short |
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
SoDEX 1000PEPE-USD
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Hyperliquid kPEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD