PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0650%/8h= +71.2% APRnext payment +$6.50 per $10,000 · paid last 24h −0.015%

Price spread now: MEXC against SunX−0.115%53s7-day average −0.133% · you buy dearer than you sell

Net, funding: paid 7d − costs−$137as 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−$1311.314% of the position

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 3 days (all we have)−0.166%−$17 · spread now −0.115%, 7d avg −0.133%

Together, before fees−0.223%−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.133%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour. The two prices were read 53 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 -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.50 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	SunX 1000PEPE-USDT	0.000004796	0.0100	pay 0.0100% / 8h	1h 09m	$1K	$2.4M	20x
Short	MEXC PEPE_USDT	0.000004790	0.0750	get 0.0750% / 8h	1h 09m	$91.7M	$285.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against SunX. 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 SunXbpFee MEXCbpOrdersPrice spread, now −0.115%Rate

Funding earned: $136.5
Price spread: −0.115% → −0.133%: $1.85
Slippage, 4 orders: −$123.44
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: $6.92
Costs to cover: 1.314%
Break-even: 6.6 days

Slippage from SunX: live order book, 6 min ago; MEXC: live order book, 5 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 SunX live order book, 6 min ago	29.07 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.19 bp	2.4 bp −$2	9.4 bp −$94	48.5 bp −$4,853	81.4 bp −$40.7K

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	0.000004789	−0.145%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004784	−0.248%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004793	−0.052%	$668K	$6.0M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004784	−0.240%	$62.9M	$83.2M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004792	−0.073%	$59K	$114K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004787	−0.186%	$86.9M	$283.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004787	−0.177%	$150.5M	$63.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004789	−0.140%	$24.7M	$54.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004794	−0.034%	$543K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004796	+0.004%	$28K	$344K	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-USDTlong	+0.0100%	8h	0.000004796	long leg	$1K	$2.4M	20x
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004789	−0.136%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004792	−0.069%	$540K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0110%	8h	0.000004784	−0.248%	$42.0M	$148.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004789	−0.138%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0219%	8h	0.000004789	−0.136%	$41.4M	$491.1M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0268%	8h	0.000004793	−0.042%	$5K	$16	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0330% / S −0.0357%	1h	0.000004000	−16.588%	$43K	—	100x	as long as short
BloFin PEPE-USDT	+0.0338%	8h	0.000004795	−0.010%	$3.9M	$22.1M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0342%	8h	0.000004794	−0.038%	$2.3M	$6.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0400%	1h	0.000004794	−0.031%	$549	$2K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0447%	1h	0.000004792	−0.073%	$101K	$763K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004796	+0.010%	$582K	$25.5M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0450%	8h	0.000004790	−0.125%	$29K	$11K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0544%	1h	0.000004794	−0.033%	$91K	$615K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0586%	1h	0.000004789	−0.136%	$81K	$94K	25x	as long as short
BingX 1000PEPE-USDC	+0.0735%	8h	0.000004791	−0.088%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0745%	8h	0.000004789	−0.133%	$130.3M	$1.04B	75x	as long as short
MEXC PEPE_USDTshort	+0.0750%	8h	0.000004790	−0.115%	$91.7M	$285.9M	300x
Nado kPEPE-PERP	+0.0750%	1h	0.000004791	−0.083%	$184K	$845K	10x	as long as short
Extended 1000PEPE-USD	+0.0752%	1h	0.000004790	−0.112%	$526K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0752%	1h	0.000004793	−0.052%	$136K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0764%	8h	0.000004790	−0.123%	$1.5M	$7.2M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004795	−0.010%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1330%	1h	0.000004795	−0.020%	$3.9M	$13.3M	50x	as long as short