Funding you earn now, next payment 08:00 UTC+0.0176%/8h= +19.3% APRnext payment +$1.76 per $10,000 · paid last 24h −0.010%
Price spread now: Binance against BloFin+0.196%451s7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as 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−$330.328% of the position
Funding, last 7 days−0.195%−$20 on $10k
+Price spread, last 3 days (all we have)−0.194%−$19 · spread now +0.196%, 7d avg +0.023%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.173% dearer against BloFin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.023%. Mind the row above: over the last 7 days funding on this pair cost −0.195%, so the current rate has only just turned in your favour. The two prices were read 451 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 | BloFin PEPE-USDT | 0.000005008 | 0.0318 | pay 0.0318% / 8h | 6h 41m | $4.2M | $24.6M | 75x |
| Short | Binance 1000PEPEUSDT | 0.000005018 | 0.0494 | get 0.0494% / 8h | 6h 41m | $140.2M | $1.16B | 75x |
BloFin PEPE-USDT
Binance 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $36.94
- Price spread: +0.196% → +0.023%
- $17.29
- Slippage, 4 orders
- −$10.85
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $21.38
- Costs to cover
- 0.328%
- Break-even
- 2.9 days
Slippage from BloFin: live order book, 7 min ago; Binance: live order book, 2 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 BloFin live order book, 7 min ago | 3.98 bp | 10.0 bp −$10 | 12.9 bp −$129 | 32.7 bp −$3,270 | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.10 bp | 6.1 bp −$6 | 14.3 bp −$143 | 41.7 bp −$4,172 | doesn't fit |
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 | 0.000005004 | −0.076% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005009 | +0.016% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005013 | +0.100% | $61K | $125K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005010 | +0.048% | $96.9M | $320.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005013 | +0.100% | $159.4M | $69.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005014 | +0.122% | $25.0M | $59.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005019 | +0.218% | $44.5M | $158.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005015 | +0.134% | $559K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005028 | +0.398% | $46K | $388K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005023 | +0.302% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
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 | 0.000005008 | −0.004% | $562K | $3.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0119% | 8h | 0.000005009 | +0.022% | $2.4M | $6.8M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0158% | 1h | 0.000005031 | +0.459% | $107K | $752K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005019 | +0.216% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0212% | 8h | 0.000005018 | +0.200% | $44.4M | $557.6M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0275% | 8h | 0.000005018 | +0.206% | $33K | $23K | 20x | as long as short |
| BloFin PEPE-USDTlong | +0.0318% | 8h | 0.000005008 | long leg | $4.2M | $24.6M | 75x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0349% | 1h | 0.000005014 | +0.120% | $61K | $114K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000005024 | +0.319% | $654K | $28.8M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0449% | 8h | 0.000005019 | +0.226% | $6K | $16 | 20x | as long as short |
| BingX 1000PEPE-USDC | +0.0457% | 8h | 0.000005012 | +0.072% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0488% | 1h | 0.000005019 | +0.220% | $142K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0492% | 8h | 0.000005015 | +0.140% | $94.8M | $288.4M | 300x | as long as short |
| Binance 1000PEPEUSDTshort | +0.0494% | 8h | 0.000005018 | +0.196% | $140.2M | $1.16B | 75x | |
| Extended 1000PEPE-USD | +0.0496% | 1h | 0.000005017 | +0.188% | $552K | $199K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0506% / S −0.0383% | 1h | 0.000005000 | −0.160% | $65K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0574% | 8h | 0.000005014 | +0.126% | $1.7M | $8.0M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0575% | 1h | 0.000005015 | +0.140% | $2K | $12K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0645% | 1h | 0.000005022 | +0.286% | $178K | $884K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0831% | 1h | 0.000005013 | +0.105% | $3.9M | $14.4M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0908% | 1h | 0.000005023 | +0.292% | $102K | $626K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000005053 | +0.899% | $4K | $102K | 12x | as long as short |
| 01 Exchange kPEPEUSD | +0.0960% | 1h | 0.000005019 | +0.220% | $1K | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.1280% | 1h | 0.000005016 | +0.160% | $650K | $6.8M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2442% | 1h | 0.000005027 | +0.379% | $55.6M | $135.1M | 10x | as long as short |
HTX PEPE-USDT
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
Paradex kPEPE-USD-PERP
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Extended 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
SoDEX 1000PEPE-USD
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE