Funding you earn now, next payment 11:00 UTC+0.0193%/8h= +21.1% APRpaid last 24h −0.057%
Price spread now: MEXC against Backpack+0.043%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$140.145% of the position
Funding, last 7 days−0.161%−$16 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.043%, 7d avg +0.052%
=The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.161%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack kPEPE_USDC_PERP | 0.000004938 | 0.0100 | pay 0.0013% / 1h | 55m 07s | $75K | $990K | 15x |
| Short | MEXC PEPE_USDT | 0.000004940 | 0.0293 | get 0.0293% / 8h | 5h 55m | $100.9M | $294.8M | 300x |
Backpack kPEPE_USDC_PERP
MEXC PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Backpack. 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
- $40.53
- Price spread: +0.043% → +0.052%
- −$0.99
- Slippage, 4 orders
- −$4.47
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $25.06
- Costs to cover
- 0.145%
- Break-even
- 2.7 days
Slippage from Backpack: live order book, 37 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 Backpack live order book, 37 min ago | 0.10 bp | 5.6 bp −$6 | 31.0 bp −$310 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.91 bp | 1.3 bp −$1 | 5.0 bp −$50 | 41.7 bp −$4,169 | 72.6 bp −$36.3K |
PEPE on 35 exchanges
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 | −0.0372% | 1h | 0.000004936 | −0.046% | $4.6M | $16.6M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004938 | −0.007% | $25K | $18K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | 0.0000% | 1h | 0.000004937 | −0.024% | $57K | $115K | 25x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004951 | +0.265% | $3K | — | 150x | as long as short |
| 01 Exchange kPEPEUSD | +0.0080% | 1h | 0.000004936 | −0.045% | $595 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004938 | −0.004% | $593K | $9.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004939 | +0.016% | $49.9M | $156.3M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004940 | +0.036% | $57K | $195K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004940 | +0.032% | $94.1M | $441.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004935 | −0.065% | $152.0M | $101.9M | 75x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
gTrade (Gains Network) PEPE/USD
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDTShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004935 | −0.059% | $24.9M | $75.8M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004940 | +0.043% | $43.7M | $229.4M | 75x | as long as short |
| Backpack kPEPE_USDC_PERPlong | +0.0100% | 1h | 0.000004938 | long leg | $75K | $990K | 15x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004937 | −0.019% | $643K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004955 | +0.349% | $27K | $569K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004977 | +0.786% | $144K | $851K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004943 | +0.103% | $1K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004936 | −0.045% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004939 | +0.010% | $579K | $4.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004933 | −0.111% | $2.3M | $8.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0111% | 8h | 0.000004943 | +0.101% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0132% | 1h | 0.000004936 | −0.045% | $136K | $939K | 10x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0142% | 8h | 0.000004942 | +0.077% | $44.4M | $721.1M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004934 | −0.086% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0266% | 8h | 0.000004936 | −0.045% | $4.3M | $28.6M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0284% | 1h | 0.000004939 | +0.016% | $4K | $122K | 12x | as long as short |
| Binance 1000PEPEUSDT | +0.0287% | 8h | 0.000004942 | +0.084% | $127.8M | $1.53B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0288% | 1h | 0.000004934 | −0.088% | $518K | $285K | 25x | as long as short |
| MEXC PEPE_USDTshort | +0.0293% | 8h | 0.000004940 | +0.043% | $100.9M | $294.8M | 300x | |
| Aster 1000PEPEUSDT | +0.0299% | 8h | 0.000004942 | +0.073% | $1.8M | $12.5M | 50x | as long as short |
| Aevo 1000PEPE-PERP | +0.0304% | 1h | 0.000004936 | −0.045% | $140K | — | 3x | as long as short |
| BingX 1000PEPE-USDC | +0.0310% | 8h | 0.000004939 | +0.008% | — | $2.3M | — | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0348% | 8h | 0.000004937 | −0.020% | $32K | $30K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004941 | +0.057% | $760K | $38.7M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0838% / S −0.0953% | 1h | 0.000004000 | −18.999% | $50K | — | 100x | as long as short |
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Injective PEPE/USDC PERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Aevo 1000PEPE-PERP
BingX 1000PEPE-USDC
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]