Funding you earn now, next payment 01:00 UTC+0.1089%/8h= +119.2% APRpaid last 24h +0.045%
Price spread now: Deribit against MEXC−0.088%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Deribit is 0.088% cheaper against MEXC than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 6 hours of funding at the current rate (+$33 a day). At the pace of the last 7 days (+0.013% in total) that is about 48 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.013% in total (about 0.7% 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 | 0.000004793 | 0.0544 | pay 0.0544% / 8h | 7h 57m | $91.1M | $279.6M | 300x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004789 | 0.1633 | get 0.0204% / 1h | 57m 40s | $77K | $98K | 25x |
MEXC PEPE_USDT
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $228.66
- Price spread: −0.088% → 0.000%
- −$8.76
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $212.9
- Costs to cover
- 0.070%
- Break-even
- 0.5 days
Slippage unknown: MEXC: live order book, 1 min ago; Deribit: no order-book sample. Net counts fees only.
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 | 0.52 bp | 2.1 bp −$2 | 14.0 bp −$140 | 49.2 bp −$4,919 | 78.5 bp −$39.3K |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex u1000PEPEUSDT | −0.3205% | 8h | 0.000004782 | −0.238% | $2.3M | $6.5M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | −0.0122% | 1h | 0.000004790 | −0.067% | $3.9M | $13.9M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004792 | −0.021% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004779 | −0.292% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0089% | 1h | 0.000004794 | +0.017% | $68.6M | $101.6M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004796 | +0.058% | $56K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004794 | +0.010% | $87.6M | $296.4M | 50x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004796 | +0.058% | $24.1M | $55.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004796 | +0.067% | $42.4M | $151.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004764 | −0.612% | $552K | $4.2M | — | as long as short |
Phemex u1000PEPEUSDT
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | 0.000004768 | −0.526% | $25K | $352K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004767 | −0.547% | $100K | $754K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004789 | −0.096% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004790 | −0.063% | $541K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0120% | 1h | 0.000004799 | +0.121% | $579K | $6.6M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0175% | 8h | 0.000004797 | +0.077% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004780 | −0.266% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0190% | 8h | 0.000004798 | +0.100% | $42.9M | $504.6M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0244% | 1h | 0.000004791 | −0.046% | $2K | $12K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0272% | 1h | 0.000004781 | −0.255% | $548 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0312% | 8h | 0.000004769 | −0.505% | $3.9M | $22.6M | 75x | as long as short |
| Nado kPEPE-PERP | +0.0312% | 1h | 0.000004781 | −0.255% | $181K | $849K | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0338% | 8h | 0.000004781 | −0.244% | $29K | $13K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004783 | −0.213% | $556K | $25.7M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0401% / S −0.0442% | 1h | 0.000004000 | −16.548% | $43K | — | 100x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0429% | 1h | 0.000004793 | −0.006% | $93K | $603K | 15x | as long as short |
| Gate PEPE_USDT | +0.0465% | 8h | 0.000004790 | −0.067% | $151.5M | $64.4M | 75x | as long as short |
| BingX 1000PEPE-USDT | +0.0534% | 8h | 0.000004793 | +0.006% | — | $257.5M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0542% | 8h | 0.000004791 | −0.049% | $1.5M | $7.3M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0544% | 1h | 0.000004792 | −0.020% | $526K | $148K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0544% | 8h | 0.000004798 | +0.102% | $135.1M | $1.08B | 75x | as long as short |
| MEXC PEPE_USDTlong | +0.0544% | 8h | 0.000004793 | long leg | $91.1M | $279.6M | 300x | |
| Aevo 1000PEPE-PERP | +0.0552% | 1h | 0.000004775 | −0.380% | $135K | — | 3x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004746 | −0.985% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.1633% | 1h | 0.000004789 | −0.088% | $77K | $98K | 25x |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
HTX PEPE-USDT
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
01 Exchange kPEPEUSD
BloFin PEPE-USDT
Nado kPEPE-PERP
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
Backpack kPEPE_USDC_PERP
Gate PEPE_USDT
BingX 1000PEPE-USDT
Aster 1000PEPEUSDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Injective PEPE/USDC PERP