Funding you earn now, next payment 03:00 UTC+0.0338%/8h= +37.0% APRpaid last 24h +0.072%
Price spread now: Backpack against MEXC+0.061%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$270.274% of the position
Funding, last 7 days+0.180%+$18 on $10k
+Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.061%, 7d avg −0.034%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Backpack is 0.096% dearer against MEXC than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.034%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.180% in total (about 9.4% a year). A funding rate is set anew for every payment. 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 | MEXC PEPE_USDT | 0.000005043 | 0.0637 | pay 0.0637% / 8h | 5h 15m | $95.9M | $290.2M | 300x |
| Short | Backpack kPEPE_USDC_PERP | 0.000005046 | 0.0975 | get 0.0122% / 1h | 15m 34s | $96K | $627K | 15x |
MEXC PEPE_USDT
Backpack kPEPE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. 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
- $71.04
- Price spread: +0.061% → −0.034%
- $9.59
- Slippage, 4 orders
- −$17.38
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $53.25
- Costs to cover
- 0.274%
- Break-even
- 1.8 days
Slippage from MEXC: live order book, 4 min ago; Backpack: live order book, 48 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 MEXC live order book, 4 min ago | 0.80 bp | 1.1 bp −$1 | 10.7 bp −$107 | 47.1 bp −$4,715 | 73.2 bp −$36.6K |
| Sell Backpack live order book, 48 min ago | 0.89 bp | 6.5 bp −$6 | 21.1 bp −$211 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005035 | −0.141% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005039 | −0.065% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005043 | +0.008% | $64K | $139K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005035 | −0.149% | $97.8M | $340.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005040 | −0.052% | $164.8M | $75.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005040 | −0.046% | $25.9M | $63.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005042 | −0.021% | $687K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005013 | −0.594% | $27K | $445K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005056 | +0.262% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005044 | +0.032% | $573K | $3.6M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0126% | 8h | 0.000005036 | −0.123% | $46.2M | $173.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005038 | −0.088% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0317% | 8h | 0.000005041 | −0.040% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0339% | 8h | 0.000005039 | −0.071% | $45.8M | $589.3M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0460% | 8h | 0.000005032 | −0.210% | $4.3M | $25.1M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0561% | 1h | 0.000005044 | +0.028% | $2K | $12K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005051 | +0.167% | $933K | $31.6M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0576% | 1h | 0.000005011 | −0.627% | $99K | $755K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0605% | 8h | 0.000005042 | −0.016% | — | $261.2M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0622% / S −0.0992% | 1h | 0.000005000 | −0.845% | $49K | — | 100x | as long as short |
| MEXC PEPE_USDTlong | +0.0637% | 8h | 0.000005043 | long leg | $95.9M | $290.2M | 300x | |
| Binance 1000PEPEUSDT | +0.0640% | 8h | 0.000005039 | −0.077% | $140.8M | $1.21B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0640% | 1h | 0.000005041 | −0.041% | $533K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0640% | 1h | 0.000005043 | +0.008% | $143K | — | 3x | as long as short |
| Phemex u1000PEPEUSDT | +0.0737% | 8h | 0.000005049 | +0.121% | $2.4M | $7.1M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0737% | 8h | 0.000005044 | +0.024% | $1.8M | $9.2M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0742% | 1h | 0.000005044 | +0.028% | $71K | $124K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0785% | 1h | 0.000005039 | −0.072% | $184K | $871K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0805% | 8h | 0.000005040 | −0.042% | $6K | — | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0968% | 1h | 0.000005047 | +0.087% | $609 | $3K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +1.237% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERPshort | +0.0975% | 1h | 0.000005046 | +0.061% | $96K | $627K | 15x | |
| Lighter 1000PEPE | +0.1216% | 1h | 0.000005044 | +0.028% | $668K | $8.1M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1380% | 1h | 0.000005041 | −0.023% | $4.3M | $15.2M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1607% | 1h | 0.000005043 | +0.008% | $53.9M | $139.5M | 10x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
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
Phemex u1000PEPEUSDT
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP
Paradex kPEPE-USD-PERP
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE