Funding you earn now, next payment 08:00 UTC+0.0321%/8h= +35.2% APRnext payment +$3.21 per $10,000 · paid last 24h +0.026%
Price spread now: MEXC against OKX−0.004%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$190.188% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 7 days+0.043%+$4 · spread now −0.004%, 7d avg +0.053%
=Funding pays, the price is against you. MEXC is 0.057% cheaper against OKX than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.053%). If the spread goes back, that is −$6 on $10k: about 14 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.040% in total) that is about 10.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.21 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 | OKX PEPE-USDT-SWAP | 0.000004921 | 0.0187 | pay 0.0187% / 8h | 7h 37m | $43.1M | $520.0M | 50x |
| Short | MEXC PEPE_USDT | 0.000004921 | 0.0508 | get 0.0508% / 8h | 7h 37m | $97.0M | $282.2M | 300x |
OKX PEPE-USDT-SWAP
MEXC PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against OKX. 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
- $67.46
- Price spread: −0.004% → +0.053%
- −$5.75
- Slippage, 4 orders
- −$8.81
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $42.9
- Costs to cover
- 0.188%
- Break-even
- 2.5 days
Slippage from OKX: live order book, 1 min ago; MEXC: 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 OKX live order book, 1 min ago | 1.02 bp | 7.9 bp −$8 | 11.1 bp −$111 | 36.8 bp −$3,685 | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.61 bp | 1.9 bp −$2 | 12.6 bp −$126 | 48.6 bp −$4,858 | 84.0 bp −$42.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0119% | 1h | 0.000004907 | −0.292% | $3.9M | $13.9M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004913 | −0.157% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004902 | −0.394% | $15K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004915 | −0.122% | $59.2M | $112.8M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004915 | −0.122% | $58K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004914 | −0.142% | $90.2M | $300.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004915 | −0.122% | $156.3M | $65.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004910 | −0.219% | $25.0M | $55.9M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004927 | +0.128% | $43.2M | $151.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004891 | −0.615% | $572K | $4.3M | — | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | 0.000004898 | −0.474% | $26K | $351K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004914 | −0.148% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004905 | −0.325% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004894 | −0.545% | $556K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004901 | −0.415% | $2.3M | $6.6M | 50x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0187% | 8h | 0.000004921 | long leg | $43.1M | $520.0M | 50x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004902 | −0.377% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0193% | 8h | 0.000004918 | −0.067% | $6K | $16 | 20x | as long as short |
| Lighter 1000PEPE | +0.0232% | 1h | 0.000004917 | −0.081% | $575K | $6.7M | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0301% | 8h | 0.000004903 | −0.366% | $30K | $13K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0309% | 8h | 0.000004889 | −0.650% | $4.0M | $23.1M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004904 | −0.345% | $591K | $26.5M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0424% | 1h | 0.000004902 | −0.395% | $187K | $850K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0437% | 1h | 0.000004900 | −0.427% | $101K | $754K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.0440% | 1h | 0.000004900 | −0.427% | $1K | $2K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0457% / S −0.0681% | 1h | 0.000004000 | −18.716% | $46K | — | 100x | as long as short |
| BingX 1000PEPE-USDT | +0.0496% | 8h | 0.000004920 | −0.020% | — | $256.9M | — | as long as short |
| MEXC PEPE_USDTshort | +0.0508% | 8h | 0.000004921 | −0.004% | $97.0M | $282.2M | 300x | |
| Binance 1000PEPEUSDT | +0.0509% | 8h | 0.000004914 | −0.141% | $137.7M | $1.09B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0512% | 1h | 0.000004923 | +0.032% | $541K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0512% | 1h | 0.000004908 | −0.264% | $139K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0527% | 8h | 0.000004905 | −0.322% | $1.4M | $7.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0566% | 1h | 0.000004905 | −0.321% | $93K | $600K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004908 | −0.264% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0974% | 1h | 0.000004907 | −0.284% | $70K | $107K | 25x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL