Funding you earn now, next payment 00:00 UTC−0.0608%/8h= −66.6% APRnext payment −$6.08 per $10,000 · paid last 24h −0.013%
Price spread now: Bybit against MEXC+0.025%7-day average −0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$180.179% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 7 days−0.079%−$8 · spread now +0.025%, 7d avg −0.077%
=The price spread pays, funding is against you. Bybit is 0.102% dearer against MEXC than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.077%): +$10 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.069% in total) that is about 10 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.069% in total (about -3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.08 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 | MEXC PEPE_USDT | 0.000004812 | 0.0708 | pay 0.0708% / 8h | 52m 57s | $93.2M | $278.1M | 300x |
| Short | Bybit 1000PEPEUSDT | 0.000004813 | 0.0100 | get 0.0100% / 8h | 52m 57s | $86.7M | $287.0M | 50x |
MEXC PEPE_USDT
Bybit 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$127.68
- Price spread: +0.025% → −0.077%
- $10.17
- Slippage, 4 orders
- −$6.89
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$135.4
- Costs to cover
- 0.179%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago | 0.94 bp | 1.6 bp −$2 | 14.5 bp −$145 | 49.2 bp −$4,922 | 83.3 bp −$41.6K |
| Sell Bybit live order book, 1 min ago | 1.04 bp | 6.9 bp −$7 | 11.4 bp −$114 | 30.7 bp −$3,066 | 154.2 bp −$77.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0172% | 1h | 0.000004796 | −0.328% | $66.4M | $86.9M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004791 | −0.439% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004795 | −0.347% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0066% | 1h | 0.000004799 | −0.260% | $3.9M | $13.4M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004795 | −0.349% | $59K | $114K | 10x | as long as short |
| Bybit 1000PEPEUSDTshort | +0.0100% | 8h | 0.000004813 | +0.025% | $86.7M | $287.0M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004815 | +0.067% | $151.3M | $63.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004820 | +0.160% | $24.7M | $54.2M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004817 | +0.112% | $42.5M | $149.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004798 | −0.290% | $596K | $4.1M | — | as long as short |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004806 | −0.115% | $28K | $344K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004805 | −0.131% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004800 | −0.245% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004794 | −0.378% | $543K | $3.5M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004798 | −0.296% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0219% | 8h | 0.000004816 | +0.087% | $41.8M | $498.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0223% | 8h | 0.000004796 | −0.339% | $5K | $16 | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0232% | 1h | 0.000004797 | −0.308% | $550 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0248% | 1h | 0.000004799 | −0.266% | $644K | $6.2M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0269% | 8h | 0.000004799 | −0.262% | $2.3M | $6.4M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0339% | 8h | 0.000004804 | −0.162% | $3.9M | $22.3M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0350% / S −0.0387% | 1h | 0.000004000 | −16.871% | $42K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004800 | −0.245% | $569K | $25.7M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004804 | −0.162% | $4K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0438% | 8h | 0.000004800 | −0.254% | $30K | $12K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0548% | 1h | 0.000004806 | −0.116% | $91K | $602K | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0598% | 1h | 0.000004805 | −0.141% | $100K | $761K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0693% | 8h | 0.000004807 | −0.094% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0704% | 8h | 0.000004813 | +0.027% | $132.1M | $1.05B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0704% | 1h | 0.000004816 | +0.086% | $529K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0704% | 1h | 0.000004802 | −0.204% | $136K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0707% | 8h | 0.000004816 | +0.091% | $1.5M | $7.2M | 50x | as long as short |
| MEXC PEPE_USDTlong | +0.0708% | 8h | 0.000004812 | long leg | $93.2M | $278.1M | 300x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0793% | 1h | 0.000004801 | −0.224% | $81K | $94K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0854% | 1h | 0.000004801 | −0.217% | $184K | $845K | 10x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP