Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.002%
Price spread now: Coinbase International against BloFin+0.237%58s7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as 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−$460.462% of the position
Funding, last 7 days−0.229%−$23 on $10k
+Price spread, last 3 days (all we have)−0.315%−$32 · spread now +0.237%, 7d avg +0.013%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.225% dearer against BloFin than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.229%, so the current rate has only just turned in your favour. The two prices were read 58 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 | 0.000005060 | 0.0308 | pay 0.0308% / 8h | 7h 03m | $4.2M | $24.5M | 75x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000005072 | 0.0368 | get 0.0046% / 1h | 3m 22s | $605K | $28.4M | 50x |
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $12.59
- Price spread: +0.237% → +0.013%
- $22.45
- Slippage, 4 orders
- −$24.22
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$11.18
- Costs to cover
- 0.462%
- Break-even
- 13.2 days
Slippage from BloFin: live order book, 6 min ago; Coinbase International: live order book, 1 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 | 2.96 bp | 12.9 bp −$13 | 16.8 bp −$168 | 38.9 bp −$3,888 | 109.5 bp −$54.8K |
| Sell Coinbase International live order book, 1 min ago | 4.96 bp | 13.9 bp −$14 | 21.6 bp −$216 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0116% | 1h | 0.000005047 | −0.260% | $4.0M | $14.3M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005016 | −0.877% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005020 | −0.792% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005020 | −0.791% | $59K | $120K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005020 | −0.791% | $95.6M | $311.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005023 | −0.731% | $161.5M | $69.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005022 | −0.755% | $25.4M | $58.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005027 | −0.652% | $44.4M | $156.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005053 | −0.147% | $591K | $4.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005083 | +0.459% | $46K | $386K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005070 | +0.206% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005050 | −0.198% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005046 | −0.267% | $568K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005041 | −0.377% | $2.4M | $6.8M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005023 | −0.726% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0191% | 8h | 0.000005029 | −0.613% | $44.7M | $546.8M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0235% | 1h | 0.000005063 | +0.059% | $111K | $752K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0271% | 8h | 0.000005030 | −0.595% | $32K | $22K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0306% | 8h | 0.000005018 | −0.828% | $6K | $16 | 20x | as long as short |
| BloFin PEPE-USDTlong | +0.0308% | 8h | 0.000005060 | long leg | $4.2M | $24.5M | 75x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0343% | 1h | 0.000005061 | +0.020% | $61K | $114K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0368% | 1h | 0.000005072 | +0.237% | $605K | $28.4M | 50x | |
| BingX 1000PEPE-USDC | +0.0459% | 8h | 0.000005020 | −0.792% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0472% | 1h | 0.000005029 | −0.617% | $552K | $199K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0472% | 1h | 0.000005021 | −0.771% | $142K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0475% | 8h | 0.000005030 | −0.585% | $97.2M | $293.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0476% | 8h | 0.000005021 | −0.762% | $138.8M | $1.13B | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0501% / S −0.0406% | 1h | 0.000005000 | −1.186% | $63K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0535% | 8h | 0.000005011 | −0.966% | $1.4M | $7.8M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0590% | 1h | 0.000005021 | −0.768% | $188K | $867K | 10x | as long as short |
| Lighter 1000PEPE | +0.0616% | 1h | 0.000005026 | −0.672% | $650K | $6.9M | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000005069 | +0.178% | $4K | $102K | 12x | as long as short |
| 01 Exchange kPEPEUSD | +0.0664% | 1h | 0.000005027 | −0.652% | $1K | $2K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0666% | 1h | 0.000005045 | −0.306% | $95K | $601K | 15x | as long as short |
| Hyperliquid kPEPE | +0.2287% | 1h | 0.000005037 | −0.455% | $56.1M | $133.1M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Lighter 1000PEPE
Injective PEPE/USDC PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE