PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0640%/8h= +70.1% APRnext payment +$6.40 per $10,000 · paid last 24h +0.039%

Price spread now: MEXC against Bybit+0.113%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.113%, 7d avg +0.076%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and MEXC is 0.037% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.076%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.114% in total (about 6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.40 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	0.000005148	0.0100	pay 0.0100% / 8h	4h 25m	$100.7M	$356.5M	50x
Short	MEXC PEPE_USDT	0.000005153	0.0740	get 0.0740% / 8h	4h 25m	$97.4M	$290.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.113%Rate

Funding earned: $134.4
Price spread: +0.113% → +0.076%: $3.68
Slippage, 4 orders: −$12.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: $114.33
Costs to cover: 0.238%
Break-even: 1.0 days

Slippage from Bybit: 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 Bybit live order book, 4 min ago	0.96 bp	8.4 bp −$8	16.8 bp −$168	38.2 bp −$3,822	doesn't fit
Sell MEXC live order book, 4 min ago	0.38 bp	1.2 bp −$1	14.0 bp −$140	49.2 bp −$4,924	73.5 bp −$36.8K

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
dYdX PEPE-USD	0.0000%	1h	0.000005182	+0.661%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005171	+0.460%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005188	+0.787%	$66K	$144K	10x	as long as short
Bybit 1000PEPEUSDTlong	+0.0100%	8h	0.000005148	long leg	$100.7M	$356.5M	50x
Gate PEPE_USDT	+0.0100%	8h	0.000005140	−0.146%	$172.1M	$80.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005180	+0.641%	$26.2M	$65.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005200	+1.011%	$761K	$4.8M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005216	+1.337%	$42K	$463K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005188	+0.779%	$1K	$2.5M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005185	+0.725%	$589K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005182	+0.676%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0199%	8h	0.000005133	−0.278%	$47.4M	$178.8M	75x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005173	+0.495%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0347%	8h	0.000005182	+0.674%	$34K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0379%	8h	0.000005146	−0.029%	$49.0M	$623.8M	50x	as long as short
BloFin PEPE-USDT	+0.0498%	8h	0.000005166	+0.359%	$4.4M	$26.4M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0581%	8h	0.000005159	+0.223%	$2.6M	$7.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005194	+0.903%	$1.0M	$33.5M	50x	as long as short
BingX 1000PEPE-USDT	+0.0698%	8h	0.000005133	−0.284%	—	$262.7M	—	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0716%	1h	0.000005179	+0.612%	$73K	$125K	25x	as long as short
Extended 1000PEPE-USD	+0.0736%	1h	0.000005181	+0.656%	$550K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0736%	1h	0.000005178	+0.593%	$146K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0740%	8h	0.000005166	+0.358%	$148.7M	$1.25B	75x	as long as short
MEXC PEPE_USDTshort	+0.0740%	8h	0.000005153	+0.113%	$97.4M	$290.6M	300x
GMX PEPE/USD [ETH-USDC]	L +0.0776% / S −0.1567%	1h	0.000005000	−2.865%	$64K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0809%	8h	0.000005190	+0.832%	$6K	—	20x	as long as short
SoDEX 1000PEPE-USD	+0.0835%	1h	0.000005184	+0.709%	$2K	$10K	10x	as long as short
Lighter 1000PEPE	+0.0840%	1h	0.000005173	+0.495%	$594K	$8.3M	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0845%	1h	0.000005209	+1.195%	$104K	$744K	25x	as long as short
Aster 1000PEPEUSDT	+0.0848%	8h	0.000005182	+0.673%	$1.9M	$9.5M	50x	as long as short
Nado kPEPE-PERP	+0.0865%	1h	0.000005184	+0.713%	$191K	$898K	10x	as long as short
01 Exchange kPEPEUSD	+0.1144%	1h	0.000005185	+0.729%	$625	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1166%	1h	0.000005144	−0.058%	$97K	$666K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1257%	1h	0.000005182	+0.680%	$4.6M	$15.9M	50x	as long as short
Hyperliquid kPEPE	+0.1588%	1h	0.000005149	+0.029%	$55.5M	$141.9M	10x	as long as short