PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0465%/8h= −50.9% APRnext payment −$4.65 per $10,000 · paid last 24h −0.003%

Price spread now: Gate against MEXC−0.051%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.051%, 7d avg −0.052%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.65 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	0.000004739	0.0565	pay 0.0565% / 8h	5m 19s	$88.6M	$283.5M	300x
Short	Gate PEPE_USDT	0.000004737	0.0100	get 0.0100% / 8h	5m 19s	$150.2M	$65.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee MEXCbpFee GatebpOrdersPrice spread, now −0.051%Rate

Funding earned: −$97.65
Price spread: −0.051% → −0.052%: $0.09
Slippage, 4 orders: −$11.35
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$123.91
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Gate: live order book, 4 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	0.11 bp	0.7 bp −$1	11.2 bp −$112	48.0 bp −$4,804	82.4 bp −$41.2K
Sell Gate live order book, 4 min ago	2.12 bp	13.4 bp −$13	19.5 bp −$195	55.5 bp −$5,549	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
Hyperliquid kPEPE	−0.0332%	1h	0.000004732	−0.156%	$68.6M	$99.0M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004731	−0.174%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004736	−0.078%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004739	−0.012%	$3.8M	$13.9M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004736	−0.072%	$56K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004737	−0.042%	$87.1M	$294.8M	50x	as long as short
Gate PEPE_USDTshort	+0.0100%	8h	0.000004737	−0.051%	$150.2M	$65.1M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004741	+0.027%	$24.2M	$54.8M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004739	0.000%	$41.9M	$151.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004725	−0.307%	$544K	$4.2M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004725	−0.309%	$25K	$351K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004720	−0.409%	$99K	$755K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004743	+0.080%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004741	+0.034%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004737	−0.059%	$535K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0176%	1h	0.000004742	+0.055%	$572K	$6.6M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0176%	8h	0.000004737	−0.058%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0182%	8h	0.000004742	+0.063%	$2.3M	$6.5M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004738	−0.039%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0196%	8h	0.000004741	+0.034%	$42.1M	$496.9M	50x	as long as short
01 Exchange kPEPEUSD	+0.0312%	1h	0.000004743	+0.076%	$543	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0318%	8h	0.000004739	−0.008%	$3.9M	$22.3M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0347%	8h	0.000004740	+0.015%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0392% / S −0.0430%	1h	0.000004000	−15.601%	$43K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004737	−0.051%	$567K	$25.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004728	−0.241%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0526%	1h	0.000004733	−0.143%	$92K	$603K	15x	as long as short
BingX 1000PEPE-USDC	+0.0548%	8h	0.000004740	+0.004%	—	$2.3M	—	as long as short
Aster 1000PEPEUSDT	+0.0556%	8h	0.000004739	−0.018%	$1.5M	$7.3M	50x	as long as short
Extended 1000PEPE-USD	+0.0560%	1h	0.000004740	+0.017%	$521K	$148K	25x	as long as short
Binance 1000PEPEUSDT	+0.0563%	8h	0.000004741	+0.024%	$132.6M	$1.07B	75x	as long as short
MEXC PEPE_USDTlong	+0.0565%	8h	0.000004739	long leg	$88.6M	$283.5M	300x
Aevo 1000PEPE-PERP	+0.0568%	1h	0.000004742	+0.055%	$134K	—	3x	as long as short
Nado kPEPE-PERP	+0.0603%	1h	0.000004743	+0.070%	$179K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0806%	1h	0.000004741	+0.034%	$76K	$98K	25x	as long as short