PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0669%/8h= +73.3% APRnext payment +$6.69 per $10,000 · paid last 24h +0.039%

Price spread now: MEXC against Bybit+0.098%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$190.193% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 7 days−0.032%−$3 · spread now +0.098%, 7d avg +0.077%

Together, before fees+0.083%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and MEXC is 0.021% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.077%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.114% in total (about 6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.69 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	Bybit 1000PEPEUSDT	0.000005099	0.0100	pay 0.0100% / 8h	1h 18m	$99.3M	$419.6M	50x
Short	MEXC PEPE_USDT	0.000005104	0.0769	get 0.0769% / 8h	1h 18m	$98.6M	$305.7M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.098%Rate

Funding earned: $140.49
Price spread: +0.098% → +0.077%: $2.15
Slippage, 4 orders: −$8.34
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: $123.3
Costs to cover: 0.193%
Break-even: 0.9 days

Slippage from Bybit: live order book, 6 min ago; MEXC: live order book, 6 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 Bybit live order book, 6 min ago	0.98 bp	8.2 bp −$8	11.4 bp −$114	24.9 bp −$2,491	127.7 bp −$63.9K
Sell MEXC live order book, 6 min ago	0.10 bp	1.4 bp −$1	11.5 bp −$115	46.7 bp −$4,672	77.7 bp −$38.8K

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
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005109	+0.196%	$9K	$120K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005094	−0.095%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005093	−0.122%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005101	+0.039%	$59K	$181K	10x	as long as short
Bybit 1000PEPEUSDTlong	+0.0100%	8h	0.000005099	long leg	$99.3M	$419.6M	50x
Gate PEPE_USDT	+0.0100%	8h	0.000005098	−0.020%	$162.4M	$97.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005104	+0.096%	$26.0M	$72.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005098	−0.027%	$596K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005087	−0.242%	$28K	$542K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005102	+0.069%	$2K	$2.7M	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	0.000005098	−0.014%	$591K	$4.2M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0181%	1h	0.000005097	−0.039%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005097	−0.036%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0285%	8h	0.000005099	+0.004%	$45.6M	$215.9M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0310%	1h	0.000005094	−0.098%	$154K	$824K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0339%	1h	0.000005095	−0.078%	$73K	$127K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0394%	8h	0.000005096	−0.061%	$34K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0397%	8h	0.000005098	−0.020%	$47.2M	$724.7M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0429%	1h	0.000005098	−0.024%	$73K	$860K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.0458%	1h	0.000005095	−0.074%	$4.6M	$16.5M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0509%	8h	0.000005100	+0.023%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0518%	8h	0.000005095	−0.078%	$4.4M	$29.3M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0565%	8h	0.000005099	0.000%	$2.4M	$8.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005096	−0.059%	$680K	$38.5M	50x	as long as short
Lighter 1000PEPE	+0.0680%	1h	0.000005105	+0.118%	$608K	$9.1M	10x	as long as short
01 Exchange kPEPEUSD	+0.0680%	1h	0.000005102	+0.059%	$615	$3K	10x	as long as short
BingX 1000PEPE-USDC	+0.0730%	8h	0.000005100	+0.024%	—	$2.3M	—	as long as short
Nado kPEPE-PERP	+0.0752%	1h	0.000005102	+0.055%	$164K	$959K	10x	as long as short
Aster 1000PEPEUSDT	+0.0763%	8h	0.000005098	−0.010%	$1.7M	$11.7M	50x	as long as short
Binance 1000PEPEUSDT	+0.0768%	8h	0.000005100	+0.024%	$140.3M	$1.47B	75x	as long as short
Extended 1000PEPE-USD	+0.0768%	1h	0.000005098	−0.025%	$541K	$280K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0768%	1h	0.000005100	+0.020%	$144K	—	3x	as long as short
MEXC PEPE_USDTshort	+0.0769%	8h	0.000005104	+0.098%	$98.6M	$305.7M	300x
Hyperliquid kPEPE	+0.0947%	1h	0.000005107	+0.157%	$52.9M	$156.5M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1130% / S −0.2257%	1h	0.000005000	−1.942%	$63K	—	100x	as long as short