Funding you earn now, next payment 08:00 UTC+0.0418%/8h= +45.7% APRnext payment +$4.18 per $10,000 · paid last 24h +0.049%
Price spread now: BloFin against Bybit+0.112%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$390.393% of the position
Funding, last 7 days+0.308%+$31 on $10k
+Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.112%, 7d avg −0.014%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and BloFin is 0.126% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit 1000PEPEUSDT | 0.000005172 | 0.0100 | pay 0.0100% / 8h | 1h 00m | $101.3M | $422.0M | 50x |
| Short | BloFin PEPE-USDT | 0.000005178 | 0.0518 | get 0.0518% / 8h | 1h 00m | $4.4M | $30.0M | 75x |
Bybit 1000PEPEUSDT
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $87.71
- Price spread: +0.112% → −0.014%
- $12.57
- Slippage, 4 orders
- −$16.28
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $61
- Costs to cover
- 0.393%
- Break-even
- 2.1 days
Slippage from Bybit: live order book, 3 min ago; BloFin: 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 Bybit live order book, 3 min ago | 0.97 bp | 8.4 bp −$8 | 14.5 bp −$145 | 31.8 bp −$3,183 | 171.1 bp −$85.5K |
| Sell BloFin live order book, 3 min ago | 4.83 bp | 10.8 bp −$11 | 14.5 bp −$145 | 28.0 bp −$2,800 | 69.2 bp −$34.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005162 | −0.197% | $8K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005152 | −0.391% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005161 | −0.220% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005158 | −0.275% | $60K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDTlong | +0.0100% | 8h | 0.000005172 | long leg | $101.3M | $422.0M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005170 | −0.043% | $164.5M | $97.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005174 | +0.027% | $606K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005170 | −0.047% | $28K | $545K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005170 | −0.043% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005178 | +0.106% | $601K | $4.2M | 75x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0109% | 8h | 0.000005174 | +0.043% | $26.5M | $72.7M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0180% | 1h | 0.000005175 | +0.054% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005164 | −0.153% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0282% | 8h | 0.000005172 | +0.004% | $46.4M | $216.6M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0399% | 8h | 0.000005175 | +0.054% | $47.7M | $739.5M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0402% | 8h | 0.000005167 | −0.095% | $34K | $26K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0441% | 1h | 0.000005174 | +0.035% | $150K | $830K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0451% | 1h | 0.000005177 | +0.084% | $4.7M | $16.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0471% | 1h | 0.000005175 | +0.054% | $76K | $867K | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0517% | 8h | 0.000005148 | −0.468% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDTshort | +0.0518% | 8h | 0.000005178 | +0.112% | $4.4M | $30.0M | 75x | |
| Phemex u1000PEPEUSDT | +0.0522% | 8h | 0.000005176 | +0.073% | $2.4M | $8.1M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005171 | −0.023% | $698K | $39.1M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005169 | −0.062% | $623 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0705% | 1h | 0.000005163 | −0.170% | $165K | $954K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0723% | 8h | 0.000005172 | +0.004% | — | $2.3M | — | as long as short |
| Lighter 1000PEPE | +0.0728% | 1h | 0.000005180 | +0.151% | $619K | $9.1M | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0745% | 8h | 0.000005169 | −0.058% | $1.8M | $11.7M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0752% | 1h | 0.000005171 | −0.019% | $542K | $286K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0756% | 8h | 0.000005173 | +0.017% | $142.3M | $1.47B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0758% | 8h | 0.000005176 | +0.081% | $100.9M | $307.5M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0760% | 1h | 0.000005163 | −0.178% | $146K | — | 3x | as long as short |
| Hyperliquid kPEPE | +0.0957% | 1h | 0.000005177 | +0.093% | $53.8M | $156.9M | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.1106% | 1h | 0.000005171 | −0.023% | $74K | $127K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2249% | 1h | 0.000005000 | −3.329% | $64K | — | 100x | as long as short |
KuCoin PEPEUSDTM
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Backpack kPEPE_USDC_PERP
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Lighter 1000PEPE
Aster 1000PEPEUSDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Hyperliquid kPEPE
Deribit 1000PEPE_USDC-PERPETUAL
GMX PEPE/USD [ETH-USDC]