PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0408%/8h= +44.7% APRnext payment +$4.08 per $10,000 · paid last 24h +0.033%

Price spread now: MEXC against Phemex+0.205%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 3 days (all we have)−0.229%−$23 · spread now +0.205%, 7d avg −0.011%

Together, before fees−0.145%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and MEXC is 0.217% dearer against Phemex than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.011%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.084% in total (about 4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.08 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	Phemex u1000PEPEUSDT	0.000004923	0.0100	pay 0.0100% / 8h	7h 36m	$2.4M	$6.6M	50x
Short	MEXC PEPE_USDT	0.000004933	0.0508	get 0.0508% / 8h	7h 36m	$97.5M	$282.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Phemex. 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 PhemexbpFee MEXCbpOrdersPrice spread, now +0.205%Rate

Funding earned: $85.68
Price spread: +0.205% → −0.011%: $21.66
Slippage, 4 orders: −$22.83
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: $72.51
Costs to cover: 0.348%
Break-even: 1.1 days

Slippage from Phemex: live order book, 2 min ago; MEXC: live order book, 2 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 Phemex live order book, 2 min ago	5.61 bp	19.2 bp −$19	33.8 bp −$338	doesn't fit	doesn't fit
Sell MEXC live order book, 2 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	0.000004934	+0.221%	$4.0M	$13.9M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004922	−0.012%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004928	+0.108%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004915	−0.156%	$58K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004923	−0.002%	$90.1M	$301.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004925	+0.047%	$156.0M	$65.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004933	+0.209%	$25.2M	$55.8M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004929	+0.126%	$43.2M	$151.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004891	−0.649%	$572K	$4.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004900	−0.465%	$26K	$352K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004942	+0.386%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004933	+0.209%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004930	+0.146%	$560K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDTlong	+0.0100%	8h	0.000004923	long leg	$2.4M	$6.6M	50x
Hyperliquid kPEPE	+0.0133%	1h	0.000004935	+0.250%	$59.2M	$113.2M	10x	as long as short
OKX PEPE-USDT-SWAP	+0.0188%	8h	0.000004928	+0.108%	$43.3M	$521.7M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004936	+0.261%	$7K	—	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0193%	8h	0.000004918	−0.102%	$6K	$16	20x	as long as short
Lighter 1000PEPE	+0.0248%	1h	0.000004932	+0.189%	$577K	$6.7M	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0300%	8h	0.000004927	+0.085%	$30K	$13K	20x	as long as short
BloFin PEPE-USDT	+0.0307%	8h	0.000004937	+0.290%	$4.0M	$23.4M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004939	+0.331%	$591K	$26.7M	50x	as long as short
Nado kPEPE-PERP	+0.0411%	1h	0.000004938	+0.304%	$193K	$852K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0439%	1h	0.000004899	−0.481%	$101K	$753K	25x	as long as short
01 Exchange kPEPEUSD	+0.0440%	1h	0.000004940	+0.351%	$1K	$2K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0460% / S −0.0686%	1h	0.000004000	−18.744%	$46K	—	100x	as long as short
BingX 1000PEPE-USDC	+0.0504%	8h	0.000004927	+0.089%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0507%	8h	0.000004931	+0.159%	$138.2M	$1.09B	75x	as long as short
MEXC PEPE_USDTshort	+0.0508%	8h	0.000004933	+0.205%	$97.5M	$282.4M	300x
Extended 1000PEPE-USD	+0.0512%	1h	0.000004935	+0.242%	$541K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0512%	1h	0.000004930	+0.148%	$139K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0532%	8h	0.000004938	+0.306%	$1.5M	$7.5M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0577%	1h	0.000004937	+0.284%	$92K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004915	−0.156%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0968%	1h	0.000004931	+0.169%	$70K	$107K	25x	as long as short