Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.034%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$200.200% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.034%, 7d avg +0.006%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.039% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000PEPEUSDT	0.000005063	0.0526	pay 0.0526% / 8h	6h 25m	$143.0M	$1.17B	75x
Short	MEXC PEPE_USDT	0.000005061	0.0526	get 0.0526% / 8h	6h 25m	$94.7M	$290.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee MEXCbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$0.1
Price spread: −0.034% → +0.006%: −$3.91
Slippage, 4 orders: −$10.04
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$24.06
Costs to cover: 0.200%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; MEXC: 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 Binance live order book, 4 min ago	0.10 bp	8.4 bp −$8	17.4 bp −$174	52.9 bp −$5,286	doesn't fit
Sell MEXC live order book, 4 min ago	0.30 bp	3.0 bp −$3	13.0 bp −$130	49.4 bp −$4,937	77.2 bp −$38.6K

PEPE on 34 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	0.000005048	−0.295%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005061	−0.038%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005058	−0.101%	$61K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005057	−0.126%	$98.2M	$323.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005058	−0.101%	$161.4M	$70.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005060	−0.061%	$25.0M	$60.6M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005063	−0.010%	$46.9M	$160.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005092	+0.564%	$624K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005086	+0.451%	$34K	$413K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005066	+0.067%	$2K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005060	−0.059%	$570K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005065	+0.028%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0232%	8h	0.000005063	−0.002%	$45.2M	$568.1M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0278%	8h	0.000005063	−0.004%	$33K	$23K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0286%	8h	0.000005060	−0.055%	$2.4M	$6.9M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0321%	1h	0.000005065	+0.038%	$107K	$746K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005067	+0.077%	$627K	$29.6M	50x	as long as short
BingX 1000PEPE-USDT	+0.0491%	8h	0.000005060	−0.067%	—	$258.9M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0511% / S −0.0536%	1h	0.000005000	−1.246%	$56K	—	100x	as long as short
Aevo 1000PEPE-PERP	+0.0520%	1h	0.000005099	+0.709%	$144K	—	3x	as long as short
MEXC PEPE_USDTshort	+0.0526%	8h	0.000005061	−0.034%	$94.7M	$290.6M	300x
Binance 1000PEPEUSDTlong	+0.0526%	8h	0.000005063	long leg	$143.0M	$1.17B	75x
Extended 1000PEPE-USD	+0.0528%	1h	0.000005062	−0.020%	$557K	$199K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0546%	8h	0.000005058	−0.102%	$6K	$16	20x	as long as short
SoDEX 1000PEPE-USD	+0.0575%	1h	0.000005065	+0.038%	$2K	$12K	10x	as long as short
Aster 1000PEPEUSDT	+0.0629%	8h	0.000005064	+0.021%	$1.7M	$8.2M	50x	as long as short
Nado kPEPE-PERP	+0.0632%	1h	0.000005067	+0.081%	$182K	$881K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0738%	1h	0.000005065	+0.038%	$61K	$114K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0823%	1h	0.000005063	−0.006%	$4.0M	$14.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005098	+0.689%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0929%	1h	0.000005063	−0.012%	$101K	$617K	15x	as long as short
01 Exchange kPEPEUSD	+0.0976%	1h	0.000005061	−0.041%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1520%	1h	0.000005073	+0.196%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2221%	1h	0.000005071	+0.156%	$56.1M	$136.0M	10x	as long as short