Funding you earn now, next payment 07:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.048%
Price spread now: BloFin against Deribit+0.116%57s7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as 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−$400.403% of the position
Funding, last 7 days+0.178%+$18 on $10k
+Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.116%, 7d avg −0.025%
=The price spread pays, funding is against you. BloFin is 0.141% dearer against Deribit than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of −0.025%): +$14 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.178%, so the current rate has only just turned against you. The two prices were read 57 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 | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005172 | 0.0718 | pay 0.0090% / 1h | 59m 41s | $74K | $127K | 25x |
| Short | BloFin PEPE-USDT | 0.000005178 | 0.0518 | get 0.0518% / 8h | 59m 41s | $4.4M | $30.0M | 75x |
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Deribit. 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
- −$42.02
- Price spread: +0.116% → −0.025%
- $14.08
- Slippage, 4 orders
- −$21.33
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$68.27
- Costs to cover
- 0.403%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 9 min ago; BloFin: live order book, 4 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 Deribit live order book, 9 min ago | 5.84 bp | 9.3 bp −$9 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 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 | −0.193% | $8K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005164 | −0.155% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005168 | −0.083% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005169 | −0.058% | $60K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005167 | −0.097% | $101.0M | $422.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005163 | −0.174% | $164.4M | $98.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005174 | +0.031% | $606K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005170 | −0.043% | $28K | $545K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005181 | +0.180% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005175 | +0.048% | $601K | $4.2M | 75x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | 0.000005168 | −0.083% | $26.5M | $72.7M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0182% | 1h | 0.000005173 | +0.019% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005172 | −0.001% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0283% | 8h | 0.000005167 | −0.093% | $46.3M | $216.6M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0399% | 8h | 0.000005166 | −0.116% | $47.7M | $738.4M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0401% | 8h | 0.000005169 | −0.052% | $34K | $26K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0441% | 1h | 0.000005174 | +0.039% | $150K | $830K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0451% | 1h | 0.000005170 | −0.040% | $4.7M | $16.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0475% | 1h | 0.000005172 | −0.006% | $76K | $867K | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0517% | 8h | 0.000005174 | +0.035% | $2.4M | $8.1M | 50x | as long as short |
| BloFin PEPE-USDTshort | +0.0518% | 8h | 0.000005178 | +0.116% | $4.4M | $30.0M | 75x | |
| Paradex kPEPE-USD-PERP | +0.0521% | 8h | 0.000005170 | −0.038% | $6K | — | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005176 | +0.077% | $698K | $39.2M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005180 | +0.155% | $625 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0705% | 1h | 0.000005167 | −0.102% | $165K | $954K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0718% | 1h | 0.000005172 | long leg | $74K | $127K | 25x | |
| BingX 1000PEPE-USDT | +0.0721% | 8h | 0.000005167 | −0.099% | — | $218.2M | — | as long as short |
| Lighter 1000PEPE | +0.0736% | 1h | 0.000005174 | +0.039% | $618K | $9.0M | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0747% | 8h | 0.000005172 | 0.000% | $1.8M | $11.7M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0755% | 8h | 0.000005167 | −0.095% | $100.8M | $307.6M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0758% | 8h | 0.000005172 | +0.004% | $142.3M | $1.47B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0760% | 1h | 0.000005166 | −0.122% | $542K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0760% | 1h | 0.000005171 | −0.019% | $146K | — | 3x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2249% | 1h | 0.000005000 | −3.326% | $64K | — | 100x | as long as short |
| Hyperliquid kPEPE | +0.1243% | 1h | 0.000005174 | +0.039% | $53.7M | $157.0M | 10x | 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
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Lighter 1000PEPE
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
GMX PEPE/USD [ETH-USDC]
Hyperliquid kPEPE