Funding you earn now, next payment 06:00 UTC+0.0692%/8h= +75.8% APRpaid last 24h +0.036%
Price spread now: MEXC against Pacifica+0.183%45s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$260.262% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.183%, 7d avg +0.028%
=Together, before fees−0.038%+ Points / potential airdropPacifica: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and MEXC is 0.156% dearer against Pacifica than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.028%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.010% in total (about -0.5% 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 | Pacifica kPEPE | 0.000005069 | 0.0100 | pay 0.0013% / 1h | 21m 01s | $58K | $177K | 10x |
| Short | MEXC PEPE_USDT | 0.000005078 | 0.0792 | get 0.0792% / 8h | 2h 21m | $97.1M | $302.6M | 300x |
Pacifica kPEPE
MEXC PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Pacifica. 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
- $145.32
- Price spread: +0.183% → +0.028%
- $15.56
- Slippage, 4 orders
- −$18.23
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $134.65
- Costs to cover
- 0.262%
- Break-even
- 0.5 days
Slippage from Pacifica: live order book, 27 min ago; MEXC: live order book, 3 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 Pacifica live order book, 27 min ago | 4.97 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.20 bp | 1.4 bp −$1 | 12.1 bp −$121 | 45.9 bp −$4,590 | 84.6 bp −$42.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005064 | −0.099% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005058 | −0.221% | $3K | — | 150x | as long as short |
| Pacifica kPEPElong | +0.0100% | 1h | 0.000005069 | long leg | $58K | $177K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005073 | +0.073% | $99.3M | $406.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005059 | −0.197% | $162.0M | $94.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005081 | +0.237% | $25.1M | $71.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005062 | −0.146% | $602K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005026 | −0.839% | $28K | $538K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005068 | −0.024% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005072 | +0.065% | $568K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005072 | +0.052% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0242% | 1h | 0.000005063 | −0.118% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0333% | 8h | 0.000005080 | +0.225% | $45.3M | $210.9M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0396% | 8h | 0.000005062 | −0.140% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0420% | 8h | 0.000005080 | +0.217% | $46.7M | $696.8M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0546% | 8h | 0.000005063 | −0.118% | $4.4M | $28.3M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0565% | 8h | 0.000005062 | −0.147% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0633% | 8h | 0.000005066 | −0.059% | $2.4M | $7.9M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0649% | 1h | 0.000005066 | −0.067% | $74K | $833K | 15x | as long as short |
| Lighter 1000PEPE | +0.0672% | 1h | 0.000005066 | −0.059% | $600K | $9.1M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005076 | +0.138% | $612 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005065 | −0.079% | $641K | $37.2M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0683% | 1h | 0.000005071 | +0.048% | $168K | $944K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0717% | 1h | 0.000005024 | −0.888% | $154K | $813K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0739% | 1h | 0.000005061 | −0.158% | $72K | $127K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0751% | 8h | 0.000005069 | +0.008% | — | $239.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005080 | +0.210% | $536K | $277K | 25x | as long as short |
| MEXC PEPE_USDTshort | +0.0792% | 8h | 0.000005078 | +0.183% | $97.1M | $302.6M | 300x | |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000005062 | −0.138% | $143K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0792% | 8h | 0.000005075 | +0.118% | $142.3M | $1.41B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0840% | 8h | 0.000005070 | +0.018% | $1.8M | $11.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0844% | 1h | 0.000005057 | −0.236% | $4.6M | $16.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0992% | 1h | 0.000005075 | +0.118% | $53.8M | $152.6M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1130% / S −0.2171% | 1h | 0.000005000 | −1.361% | $64K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005027 | −0.829% | $3K | $111K | 12x | as long as short |
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP