PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0379%/8h= +41.5% APRnext payment +$3.79 per $10,000 · paid last 24h +0.039%

Price spread now: Binance against Bybit+0.063%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 7 days+0.004%$0 · spread now +0.063%, 7d avg +0.072%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.072%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.113% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.79 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	Bybit 1000PEPEUSDT	0.000005066	0.0100	pay 0.0100% / 8h	7h 16m	$95.1M	$308.0M	50x
Short	Binance 1000PEPEUSDT	0.000005070	0.0479	get 0.0479% / 8h	7h 16m	$140.0M	$1.12B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.063%Rate

Funding earned: $79.53
Price spread: +0.063% → +0.072%: −$0.94
Slippage, 4 orders: −$8.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: $48.7
Costs to cover: 0.299%
Break-even: 2.7 days

Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 13 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	1.00 bp	8.2 bp −$8	14.2 bp −$142	38.2 bp −$3,822	doesn't fit
Sell Binance live order book, 13 min ago	0.30 bp	5.6 bp −$6	10.8 bp −$108	34.6 bp −$3,458	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	−0.0116%	1h	0.000005066	−0.014%	$4.0M	$14.2M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005045	−0.427%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005059	−0.146%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005049	−0.343%	$59K	$120K	10x	as long as short
Bybit 1000PEPEUSDTlong	+0.0100%	8h	0.000005066	long leg	$95.1M	$308.0M	50x
Gate PEPE_USDT	+0.0100%	8h	0.000005056	−0.205%	$162.5M	$68.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005068	+0.036%	$26.1M	$57.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005074	+0.142%	$44.7M	$154.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005052	−0.290%	$591K	$4.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005015	−1.013%	$52K	$379K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005070	+0.065%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005066	−0.008%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005065	−0.028%	$570K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005070	+0.063%	$2.5M	$6.7M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005057	−0.187%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0193%	8h	0.000005073	+0.130%	$45.1M	$545.4M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0242%	1h	0.000005019	−0.936%	$104K	$749K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0246%	8h	0.000005059	−0.156%	$6K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0275%	8h	0.000005059	−0.142%	$31K	$14K	20x	as long as short
BloFin PEPE-USDT	+0.0310%	8h	0.000005024	−0.837%	$4.0M	$24.1M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000005073	+0.130%	$692K	$27.9M	50x	as long as short
BingX 1000PEPE-USDT	+0.0465%	8h	0.000005063	−0.061%	—	$257.5M	—	as long as short
MEXC PEPE_USDT	+0.0478%	8h	0.000005068	+0.028%	$100.3M	$289.1M	300x	as long as short
Binance 1000PEPEUSDTshort	+0.0479%	8h	0.000005070	+0.063%	$140.0M	$1.12B	75x
Extended 1000PEPE-USD	+0.0480%	1h	0.000005071	+0.089%	$557K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000005046	−0.403%	$143K	—	3x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0486% / S −0.0461%	1h	0.000005000	−1.311%	$58K	—	100x	as long as short
Lighter 1000PEPE	+0.0504%	1h	0.000005073	+0.130%	$661K	$6.8M	10x	as long as short
Nado kPEPE-PERP	+0.0517%	1h	0.000005061	−0.115%	$192K	$862K	10x	as long as short
Aster 1000PEPEUSDT	+0.0522%	8h	0.000005058	−0.176%	$1.5M	$7.5M	50x	as long as short
01 Exchange kPEPEUSD	+0.0560%	1h	0.000005066	−0.008%	$1K	$2K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0576%	1h	0.000005032	−0.675%	$95K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000005032	−0.679%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0936%	1h	0.000005066	−0.008%	$61K	$114K	25x	as long as short
Hyperliquid kPEPE	+0.1669%	1h	0.000005083	+0.328%	$57.9M	$129.2M	10x	as long as short