PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0253%/8h= +27.7% APRnext payment +$2.53 per $10,000 · paid last 24h −0.010%

Price spread now: MEXC against BloFin−0.339%7-day average +0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.194%−$19 on $10k

Price spread, last 4 days (all we have)+0.303%+$30 · spread now −0.339%, 7d avg +0.058%

Together, before fees+0.108%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.398% cheaper against BloFin than usual: you would sell low and buy high (spread −0.339% now, against its 7-day average of +0.058%). If the spread goes back, that is −$40 on $10k: about 5.2 days of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.194%, 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	BloFin PEPE-USDT	0.000005244	0.0562	pay 0.0562% / 8h	3h 16m	$4.8M	$28.4M	75x
Short	MEXC PEPE_USDT	0.000005226	0.0815	get 0.0815% / 8h	3h 16m	$99.0M	$296.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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 BloFinbpFee MEXCbpOrdersPrice spread, now −0.339%Rate

Funding earned: $53.05
Price spread: −0.339% → +0.058%: −$39.77
Slippage, 4 orders: −$13.55
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$12.27
Costs to cover: 0.256%
Break-even: 8.6 days

Slippage from BloFin: live order book, 7 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 BloFin live order book, 7 min ago	4.77 bp	10.8 bp −$11	13.7 bp −$137	26.5 bp −$2,646	95.1 bp −$47.5K
Sell MEXC live order book, 2 min ago	0.76 bp	2.2 bp −$2	17.3 bp −$173	47.6 bp −$4,759	81.3 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	0.000005235	−0.181%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005242	−0.046%	$14K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	+1.583%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005243	−0.019%	$66K	$163K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005222	−0.420%	$106.1M	$383.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005228	−0.305%	$172.4M	$89.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005235	−0.179%	$26.1M	$68.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005213	−0.599%	$661K	$5.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005223	−0.399%	$29K	$534K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005253	+0.177%	$1K	$2.5M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005248	+0.072%	$590K	$3.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005249	+0.100%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0317%	8h	0.000005227	−0.328%	$50.8M	$191.0M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0402%	8h	0.000005251	+0.126%	$35K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0432%	8h	0.000005225	−0.362%	$50.7M	$677.0M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0453%	1h	0.000005249	+0.095%	$2K	$10K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0485%	8h	0.000005240	−0.069%	$6K	—	20x	as long as short
BloFin PEPE-USDTlong	+0.0562%	8h	0.000005244	long leg	$4.8M	$28.4M	75x
Phemex u1000PEPEUSDT	+0.0668%	8h	0.000005249	+0.092%	$2.5M	$7.6M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0704%	1h	0.000005248	+0.076%	$75K	$126K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005245	+0.019%	$726K	$36.5M	50x	as long as short
BingX 1000PEPE-USDT	+0.0769%	8h	0.000005224	−0.372%	—	$235.7M	—	as long as short
MEXC PEPE_USDTshort	+0.0815%	8h	0.000005226	−0.339%	$99.0M	$296.5M	300x
Extended 1000PEPE-USD	+0.0816%	1h	0.000005232	−0.232%	$556K	$231K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0816%	1h	0.000005251	+0.133%	$148K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0817%	8h	0.000005230	−0.271%	$152.0M	$1.34B	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0841%	1h	0.000005241	−0.057%	$161K	$810K	25x	as long as short
Nado kPEPE-PERP	+0.0852%	1h	0.000005244	+0.006%	$189K	$917K	10x	as long as short
Aster 1000PEPEUSDT	+0.0926%	8h	0.000005230	−0.271%	$1.8M	$10.4M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0981% / S −0.1969%	1h	0.000005000	−4.653%	$65K	—	100x	as long as short
01 Exchange kPEPEUSD	+0.0984%	1h	0.000005251	+0.133%	$633	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1153%	1h	0.000005242	−0.032%	$68K	$724K	15x	as long as short
Lighter 1000PEPE	+0.1192%	1h	0.000005251	+0.133%	$633K	$8.8M	10x	as long as short
Hyperliquid kPEPE	+0.1536%	1h	0.000005245	+0.019%	$57.1M	$146.0M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1557%	1h	0.000005245	+0.027%	$4.8M	$16.4M	50x	as long as short