Funding you earn now, next payment 12:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.096%
Price spread now: MEXC against edgeX−0.099%53s7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as 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−$150.148% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.099%, 7d avg +0.036%
=Together, before fees+0.058%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.135% cheaper against edgeX than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of +0.036%). If the spread goes back, that is −$13 on $10k: about 4.9 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.055% in total) that is about 17 days. The two prices were read 53 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 | edgeX 1000PEPEUSDC | 0.000004901 | 0.0100 | pay 0.0050% / 4h | 1h 30m | $26K | $572K | 20x |
| Short | MEXC PEPE_USDT | 0.000004896 | 0.0192 | get 0.0192% / 8h | 5h 30m | $97.8M | $297.5M | 300x |
edgeX 1000PEPEUSDC
MEXC PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against edgeX. 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
- $19.32
- Price spread: −0.099% → +0.036%
- −$13.47
- Slippage, 4 orders
- −$5.84
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$8.99
- Costs to cover
- 0.148%
- Break-even
- 10.3 days
Slippage from edgeX: live order book, 16 min ago; MEXC: live order book, 2 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 edgeX live order book, 16 min ago | 1.01 bp | 5.6 bp −$6 | 7.4 bp −$74 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.02 bp | 1.3 bp −$1 | 3.7 bp −$37 | 44.3 bp −$4,429 | 83.7 bp −$41.9K |
PEPE on 35 exchanges
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 | −0.0374% | 1h | 0.000004902 | +0.026% | $4.5M | $16.0M | 50x | as long as short |
| 01 Exchange kPEPEUSD | −0.0016% | 1h | 0.000004901 | +0.003% | $591 | $2K | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004896 | −0.089% | $3K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004903 | +0.044% | $597K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0100% | 1h | 0.000004908 | +0.136% | $136K | $951K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004903 | +0.044% | $49.4M | $155.2M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004902 | +0.023% | $56K | $194K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004900 | −0.024% | $92.5M | $445.0M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0100% | 8h | 0.000004899 | −0.038% | $43.4M | $715.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004897 | −0.079% | $149.1M | $103.7M | 75x | as long as short |
Kraken Futures PF_PEPEUSD
01 Exchange kPEPEUSD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Nado kPEPE-PERP
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Gate PEPE_USDTShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004898 | −0.066% | $24.2M | $76.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004895 | −0.115% | $43.1M | $233.0M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004904 | +0.072% | $75K | $996K | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004904 | +0.071% | $637K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDClong | +0.0100% | 4h | 0.000004901 | long leg | $26K | $572K | 20x | |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004926 | +0.513% | $109K | $869K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004915 | +0.297% | $1K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004903 | +0.044% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004912 | +0.225% | $578K | $4.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004903 | +0.044% | $2.3M | $8.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0108% | 8h | 0.000004896 | −0.107% | $5K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0158% | 1h | 0.000004907 | +0.125% | $60K | $119K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004906 | +0.112% | $7K | — | 15x | as long as short |
| Extended 1000PEPE-USD | +0.0192% | 1h | 0.000004898 | −0.059% | $512K | $288K | 25x | as long as short |
| MEXC PEPE_USDTshort | +0.0192% | 8h | 0.000004896 | −0.099% | $97.8M | $297.5M | 300x | |
| Aevo 1000PEPE-PERP | +0.0192% | 1h | 0.000004900 | −0.017% | $139K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0193% | 8h | 0.000004899 | −0.036% | $126.0M | $1.53B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0205% | 8h | 0.000004898 | −0.059% | $1.7M | $12.6M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0219% | 8h | 0.000004898 | −0.064% | — | $2.3M | — | as long as short |
| BloFin PEPE-USDT | +0.0220% | 8h | 0.000004906 | +0.105% | $4.2M | $28.4M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0284% | 1h | 0.000004904 | +0.064% | $3K | $123K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0312% | 8h | 0.000004907 | +0.134% | $32K | $30K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004902 | +0.023% | $718K | $38.5M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0793% / S −0.0894% | 1h | 0.000004000 | −18.382% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.4219% | 1h | 0.000004900 | −0.021% | $25K | $18K | 10x | as long as short |
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Backpack kPEPE_USDC_PERP
Variational Omni 1000PEPE
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Reya kPEPERUSDPERP
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
BingX 1000PEPE-USDC
BloFin PEPE-USDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD