PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0218%/8h= −23.9% APRnext payment −$2.18 per $10,000 · paid last 24h −0.045%

Price spread now: Bitget against BloFin+0.236%55s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as 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−$410.414% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.269%−$27 on $10k

Price spread, last 3 days (all we have)−0.272%−$27 · spread now +0.236%, 7d avg +0.016%

Together, before fees−0.541%−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.220% dearer against BloFin than usual: you sell high and buy low (spread +0.236% now, against its 7-day average of +0.016%): +$22 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.4 days. The two prices were read 55 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 48m	$4.2M	$24.6M	75x
Short	Bitget PEPEUSDT	0.000005020	0.0100	get 0.0100% / 8h	6h 48m	$44.5M	$158.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BitgetbpOrdersPrice spread, now +0.236%Rate

Funding earned: −$45.76
Price spread: +0.236% → +0.016%: $21.98
Slippage, 4 orders: −$17.37
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$65.15
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Bitget: 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 BloFin live order book, 6 min ago	1.01 bp	10.4 bp −$10	14.8 bp −$148	34.4 bp −$3,441	doesn't fit
Sell Bitget live order book, 6 min ago	3.02 bp	9.9 bp −$10	12.7 bp −$127	doesn't fit	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	0.000005023	+0.291%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005008	+0.008%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005027	+0.379%	$62K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005016	+0.160%	$96.7M	$319.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005010	+0.040%	$159.5M	$69.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005014	+0.112%	$25.2M	$59.2M	75x	as long as short
Bitget PEPEUSDTshort	+0.0100%	8h	0.000005020	+0.236%	$44.5M	$158.3M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000004998	−0.205%	$557K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004981	−0.539%	$46K	$387K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004999	−0.180%	$106K	$751K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005032	+0.471%	$2K	$2.5M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005013	+0.092%	$555K	$3.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005009	+0.020%	$2.4M	$6.8M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005013	+0.104%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0205%	8h	0.000005024	+0.319%	$44.5M	$555.9M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0273%	8h	0.000005026	+0.353%	$33K	$22K	20x	as long as short
BloFin PEPE-USDTlong	+0.0318%	8h	0.000005008	long leg	$4.2M	$24.6M	75x
Paradex kPEPE-USD-PERP	+0.0395%	8h	0.000005026	+0.362%	$6K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005015	+0.140%	$660K	$28.7M	50x	as long as short
BingX 1000PEPE-USDT	+0.0447%	8h	0.000005014	+0.128%	—	$258.0M	—	as long as short
MEXC PEPE_USDT	+0.0479%	8h	0.000005010	+0.046%	$95.3M	$287.8M	300x	as long as short
Extended 1000PEPE-USD	+0.0480%	1h	0.000005025	+0.344%	$552K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000005027	+0.379%	$142K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0481%	8h	0.000005020	+0.240%	$139.1M	$1.16B	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0505% / S −0.0410%	1h	0.000005000	−0.160%	$63K	—	100x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0547%	1h	0.000005023	+0.300%	$61K	$114K	25x	as long as short
Aster 1000PEPEUSDT	+0.0555%	8h	0.000005019	+0.217%	$1.7M	$8.0M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0599%	1h	0.000005023	+0.300%	$2K	$12K	10x	as long as short
Nado kPEPE-PERP	+0.0610%	1h	0.000005015	+0.145%	$177K	$883K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0828%	1h	0.000005016	+0.156%	$102K	$623K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.0829%	1h	0.000005024	+0.313%	$3.9M	$14.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005024	+0.319%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.0936%	1h	0.000005034	+0.519%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1192%	1h	0.000005028	+0.399%	$649K	$6.8M	10x	as long as short
Hyperliquid kPEPE	+0.2584%	1h	0.000005027	+0.379%	$55.6M	$134.8M	10x	as long as short