Funding you earn now, next payment 08:00 UTC−0.0211%/8h= −23.1% APRnext payment −$2.11 per $10,000 · paid last 24h −0.043%
Price spread now: Phemex against BloFin+0.017%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$590.588% of the position
Funding, last 7 days−0.278%−$28 on $10k
+Price spread, last 3 days (all we have)+0.024%+$2 · spread now +0.017%, 7d avg +0.044%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Phemex is 0.027% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.044%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PEPE-USDT | 0.000004825 | 0.0311 | pay 0.0311% / 8h | 7h 50m | $3.9M | $22.9M | 75x |
| Short | Phemex u1000PEPEUSDT | 0.000004826 | 0.0100 | get 0.0100% / 8h | 7h 50m | $2.3M | $6.5M | 50x |
BloFin PEPE-USDT
Phemex u1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$44.39
- Price spread: +0.017% → +0.044%
- −$2.73
- Slippage, 4 orders
- −$34.82
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$105.95
- Costs to cover
- 0.588%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Phemex: 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 | 2.08 bp | 8.5 bp −$9 | 11.2 bp −$112 | 28.7 bp −$2,873 | 75.7 bp −$37.9K |
| Sell Phemex live order book, 3 min ago | 11.84 bp | 21.8 bp −$22 | 46.6 bp −$466 | 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 | −0.0121% | 1h | 0.000004823 | −0.036% | $3.9M | $14.0M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004823 | −0.037% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004822 | −0.073% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004823 | −0.041% | $66.0M | $105.1M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004827 | +0.041% | $57K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004825 | 0.000% | $88.8M | $298.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004824 | −0.021% | $153.5M | $64.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004822 | −0.062% | $24.1M | $55.2M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004820 | −0.099% | $42.6M | $151.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004819 | −0.129% | $555K | $4.2M | — | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004812 | −0.264% | $26K | $351K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004834 | +0.176% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004822 | −0.070% | $547K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDTshort | +0.0100% | 8h | 0.000004826 | +0.017% | $2.3M | $6.5M | 50x | |
| Lighter 1000PEPE | +0.0104% | 1h | 0.000004830 | +0.104% | $588K | $6.6M | 10x | as long as short |
| SoDEX 1000PEPE-USD | +0.0104% | 1h | 0.000004823 | −0.041% | $2K | $12K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0173% | 8h | 0.000004824 | −0.011% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004822 | −0.053% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0190% | 8h | 0.000004824 | −0.021% | $43.1M | $509.3M | 50x | as long as short |
| BloFin PEPE-USDTlong | +0.0311% | 8h | 0.000004825 | long leg | $3.9M | $22.9M | 75x | |
| Orderly PERP_1000PEPE_USDC | +0.0324% | 8h | 0.000004822 | −0.060% | $30K | $13K | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0352% | 1h | 0.000004825 | 0.000% | $1K | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004824 | −0.021% | $554K | $26.0M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0390% | 1h | 0.000004824 | −0.021% | $181K | $848K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0411% / S −0.0534% | 1h | 0.000004000 | −17.098% | $41K | — | 100x | as long as short |
| BingX 1000PEPE-USDT | +0.0517% | 8h | 0.000004822 | −0.062% | — | $257.5M | — | as long as short |
| MEXC PEPE_USDT | +0.0535% | 8h | 0.000004828 | +0.068% | $92.6M | $280.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0536% | 8h | 0.000004829 | +0.078% | $137.1M | $1.08B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0536% | 1h | 0.000004824 | −0.013% | $529K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0536% | 1h | 0.000004791 | −0.705% | $135K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0541% | 8h | 0.000004825 | −0.005% | $1.5M | $7.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004831 | +0.124% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0696% | 1h | 0.000004825 | −0.006% | $93K | $602K | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0787% | 1h | 0.000004817 | −0.166% | $100K | $754K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0788% | 1h | 0.000004823 | −0.041% | $78K | $98K | 25x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
Lighter 1000PEPE
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL