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Funding arb · Price arb /

PEPE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0688%/8h= −75.3% APRnext payment −$6.88 per $10,000 · paid last 24h +0.015%
Price spread now: Bitget against MEXC+0.023%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$210.208% of the position
Long on MEXCShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.030%−$3 on $10k
Price spread, last 7 days−0.044%−$4 · spread now +0.023%, 7d avg −0.022%
Together, before fees−0.073%−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.044% dearer against MEXC than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.022%): +$4 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.030% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.030% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.88 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PEPE_USDT0.0000048420.0855pay 0.0855% / 8h1h 42m$92.0M$283.1M300x
ShortBitget PEPEUSDT0.0000048430.0167get 0.0167% / 8h1h 42m$42.6M$151.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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

Funding earned
−$144.48
Price spread: +0.023% → −0.022%
$4.44
Slippage, 4 orders
−$8.81
Fee MEXC: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$160.85
Costs to cover
0.208%
Break-even
never at this rate
Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 1 min ago0.10 bp0.6 bp −$112.8 bp −$12848.3 bp −$4,82783.5 bp −$41.8K
Sell Bitget live order book, 1 min ago1.55 bp9.2 bp −$910.7 bp −$10720.6 bp −$2,056doesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000004838−0.086%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004828−0.285%$14K—150xas long as short
Lighter 1000PEPE+0.0096%1h0.000004838−0.087%$623K$5.4M10xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004838−0.087%$61.0M$76.9M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004840−0.045%$60K$113K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004839−0.066%$87.9M$278.7M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004835−0.149%$150.9M$62.2M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004842+0.004%$25.1M$53.7M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004845+0.059%$545K$3.9M—as long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004840−0.039%$27K$344K20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX 1000PEPE-USDT+0.0100%8h0.000004849+0.134%$1K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004834−0.169%$2K$9K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004844+0.039%$550K$3.5M75xas long as short
Bitget PEPEUSDTshort+0.0167%8h0.000004843+0.023%$42.6M$151.3M75x
Reya kPEPERUSDPERP+0.0189%1h0.000004836−0.133%$7K—15xas long as short
OKX PEPE-USDT-SWAP+0.0201%8h0.000004841−0.025%$41.6M$491.5M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0316% / S −0.0215%1h0.000004000−17.393%$52K—100xas long as short
BloFin PEPE-USDT+0.0324%8h0.000004842−0.004%$3.9M$22.2M75xas long as short
Paradex kPEPE-USD-PERP+0.0428%8h0.000004837−0.106%$5K$1620xas long as short
Phemex u1000PEPEUSDT+0.0433%8h0.000004840−0.054%$2.3M$6.4M50xas long as short
Orderly PERP_1000PEPE_USDC+0.0440%8h0.000004832−0.217%$30K$11K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0448%1h0.000004847+0.099%$617K$25.6M50xas long as short
01 Exchange kPEPEUSD+0.0536%1h0.000004844+0.037%$555$2K10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0578%1h0.000004833−0.190%$82K$94K25xas long as short
Backpack kPEPE_USDC_PERP+0.0673%1h0.000004838−0.085%$92K$614K15xas long as short
Nado kPEPE-PERP+0.0758%1h0.000004836−0.125%$186K$854K10xas long as short
BingX 1000PEPE-USDC+0.0837%8h0.000004829−0.277%—$2.3M—as long as short
Extended 1000PEPE-USD+0.0848%1h0.000004841−0.018%$532K$148K25xas long as short
Binance 1000PEPEUSDT+0.0850%8h0.000004841−0.031%$130.4M$1.03B75xas long as short
MEXC PEPE_USDTlong+0.0855%8h0.000004842long leg$92.0M$283.1M300x
Aevo 1000PEPE-PERP+0.0864%1h0.000004836−0.128%$137K—3xas long as short
Injective PEPE/USDC PERP+0.0873%1h0.000004868+0.533%$4K$103K12xas long as short
Aster 1000PEPEUSDT+0.0881%8h0.000004839−0.058%$1.5M$7.0M50xas long as short
ApeX Omni 1000PEPEUSDT+0.0935%1h0.000004841−0.025%$103K$764K25xas long as short
Kraken Futures PF_PEPEUSD+0.1319%1h0.000004835−0.157%$4.0M$13.2M50xas long as short