Funding you earn now, next payment 08:00 UTC+0.0539%/8h= +59.0% APRnext payment +$5.39 per $10,000 · paid last 24h +0.036%
Price spread now: MEXC against HTX−0.355%50s7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as 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−$330.331% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.355%, 7d avg +0.009%
=Funding pays, the price is against you. MEXC is 0.364% cheaper against HTX than usual: you would sell low and buy high (spread −0.355% now, against its 7-day average of +0.009%). If the spread goes back, that is −$36 on $10k: about 2.3 days of funding at the current rate (+$16 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.39 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 | HTX PEPE-USDT | 0.000005042 | 0.0100 | pay 0.0100% / 8h | 5h 14m | $573K | $3.6M | 75x |
| Short | MEXC PEPE_USDT | 0.000005024 | 0.0639 | get 0.0639% / 8h | 5h 14m | $95.5M | $290.3M | 300x |
HTX PEPE-USDT
MEXC PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against HTX. 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
- $113.19
- Price spread: −0.355% → +0.009%
- −$36.4
- Slippage, 4 orders
- −$21.11
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $43.68
- Costs to cover
- 0.331%
- Break-even
- 4.3 days
Slippage from HTX: live order book, 4 min ago; MEXC: live order book, 5 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 HTX live order book, 4 min ago | 8.39 bp | 14.8 bp −$15 | 37.8 bp −$378 | 133.9 bp −$13.4K | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.80 bp | 2.6 bp −$3 | 34.5 bp −$345 | 52.8 bp −$5,282 | 89.0 bp −$44.5K |
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 | 0.000005031 | −0.222% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005020 | −0.444% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005038 | −0.083% | $64K | $139K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005025 | −0.339% | $97.6M | $340.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005037 | −0.103% | $164.8M | $75.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005027 | −0.309% | $25.8M | $63.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005042 | −0.014% | $687K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005013 | −0.586% | $27K | $445K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005043 | +0.010% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDTlong | +0.0100% | 8h | 0.000005042 | long leg | $573K | $3.6M | 75x |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0126% | 8h | 0.000005026 | −0.317% | $46.1M | $173.1M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005025 | −0.339% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0318% | 8h | 0.000005040 | −0.044% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0342% | 8h | 0.000005027 | −0.301% | $45.7M | $588.0M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0346% | 1h | 0.000005037 | −0.103% | $71K | $124K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0459% | 8h | 0.000005042 | −0.004% | $4.4M | $25.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0559% | 1h | 0.000005038 | −0.083% | $2K | $12K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005038 | −0.083% | $927K | $31.5M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0576% | 1h | 0.000005011 | −0.619% | $99K | $755K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0605% | 8h | 0.000005026 | −0.327% | — | $261.2M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0624% / S −0.0996% | 1h | 0.000005000 | −0.837% | $49K | — | 100x | as long as short |
| MEXC PEPE_USDTshort | +0.0639% | 8h | 0.000005024 | −0.355% | $95.5M | $290.3M | 300x | |
| Binance 1000PEPEUSDT | +0.0640% | 8h | 0.000005031 | −0.230% | $140.6M | $1.21B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0640% | 1h | 0.000005037 | −0.106% | $533K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0640% | 1h | 0.000005003 | −0.777% | $141K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0737% | 8h | 0.000005039 | −0.068% | $1.8M | $9.2M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0749% | 8h | 0.000005036 | −0.121% | $2.4M | $7.1M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0786% | 1h | 0.000005030 | −0.236% | $184K | $871K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0796% | 8h | 0.000005039 | −0.066% | $6K | — | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0968% | 1h | 0.000005041 | −0.024% | $608 | $3K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005011 | −0.619% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0978% | 1h | 0.000005040 | −0.048% | $92K | $630K | 15x | as long as short |
| Lighter 1000PEPE | +0.1200% | 1h | 0.000005039 | −0.063% | $668K | $8.1M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1382% | 1h | 0.000005035 | −0.139% | $4.3M | $15.2M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1604% | 1h | 0.000005033 | −0.182% | $53.8M | $139.5M | 10x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Phemex u1000PEPEUSDT
Nado kPEPE-PERP
Paradex kPEPE-USD-PERP
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE