Funding you earn now, next payment 08:00 UTC−0.0446%/8h= −48.8% APRnext payment −$4.46 per $10,000 · paid last 24h −0.045%
Price spread now: HTX against BloFin−0.268%7-day average +0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$450.447% of the position
Funding, last 7 days−0.182%−$18 on $10k
+Price spread, last 4 days (all we have)+0.302%+$30 · spread now −0.268%, 7d avg +0.050%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and HTX is 0.318% cheaper against BloFin than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.050%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.182% in total (about -9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PEPE-USDT | 0.000005152 | 0.0546 | pay 0.0546% / 8h | 2h 10m | $4.4M | $29.0M | 75x |
| Short | HTX PEPE-USDT | 0.000005138 | 0.0100 | get 0.0100% / 8h | 2h 10m | $582K | $4.2M | 75x |
BloFin PEPE-USDT
HTX PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$93.59
- Price spread: −0.268% → +0.050%
- −$31.76
- Slippage, 4 orders
- −$20.75
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$170.1
- Costs to cover
- 0.447%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; HTX: 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 BloFin live order book, 3 min ago | 2.94 bp | 9.7 bp −$10 | 14.0 bp −$140 | 23.9 bp −$2,388 | 83.2 bp −$41.6K |
| Sell HTX live order book, 3 min ago | 6.46 bp | 12.6 bp −$13 | 22.2 bp −$222 | 100.5 bp −$10.1K | 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 | 0.000005151 | −0.010% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0007% | 1h | 0.000005138 | −0.276% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005154 | +0.039% | $59K | $178K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005153 | +0.016% | $100.8M | $409.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005152 | 0.000% | $164.6M | $95.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005157 | +0.103% | $25.8M | $71.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005142 | −0.202% | $614K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005109 | −0.831% | $28K | $538K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005149 | −0.066% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDTshort | +0.0100% | 8h | 0.000005138 | −0.268% | $582K | $4.2M | 75x |
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005142 | −0.194% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0216% | 1h | 0.000005145 | −0.136% | $2K | $11K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0327% | 8h | 0.000005155 | +0.064% | $46.0M | $212.3M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0388% | 8h | 0.000005144 | −0.155% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0420% | 8h | 0.000005157 | +0.097% | $47.3M | $712.5M | 50x | as long as short |
| BloFin PEPE-USDTlong | +0.0546% | 8h | 0.000005152 | long leg | $4.4M | $29.0M | 75x | |
| Paradex kPEPE-USD-PERP | +0.0557% | 8h | 0.000005150 | −0.044% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0603% | 8h | 0.000005149 | −0.050% | $2.4M | $7.9M | 50x | as long as short |
| Lighter 1000PEPE | +0.0616% | 1h | 0.000005159 | +0.136% | $623K | $9.1M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0646% | 1h | 0.000005141 | −0.207% | $168K | $945K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0668% | 1h | 0.000005155 | +0.058% | $69K | $840K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005147 | −0.097% | $665K | $37.9M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0688% | 1h | 0.000005160 | +0.155% | $622 | $3K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0723% | 1h | 0.000005143 | −0.175% | $73K | $127K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0761% | 8h | 0.000005155 | +0.060% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDT | +0.0797% | 8h | 0.000005153 | +0.017% | $99.5M | $304.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0798% | 8h | 0.000005155 | +0.065% | $143.2M | $1.43B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005154 | +0.034% | $545K | $277K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005141 | −0.214% | $145K | — | 3x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0830% | 1h | 0.000005145 | −0.133% | $4.7M | $16.7M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0832% | 1h | 0.000005112 | −0.776% | $155K | $817K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0835% | 8h | 0.000005155 | +0.066% | $1.8M | $11.3M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1021% | 1h | 0.000005160 | +0.155% | $54.9M | $153.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1131% / S −0.2171% | 1h | 0.000005000 | −2.950% | $65K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005027 | −2.426% | $3K | $111K | 12x | as long as short |
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Kraken Futures PF_PEPEUSD
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP