Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.061%

Price spread now: MEXC against Extended−0.072%7-day average +0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$160.160% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 4 days (all we have)+0.316%+$32 · spread now −0.072%, 7d avg +0.075%

Together, before fees+0.247%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.147% cheaper against Extended than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended 1000PEPE-USD	0.000004813	0.0680	pay 0.0085% / 1h	43m 59s	$529K	$148K	25x
Short	MEXC PEPE_USDT	0.000004810	0.0680	get 0.0680% / 8h	43m 59s	$93.4M	$279.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → +0.075%: −$14.67
Slippage, 4 orders: −$10.99
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$30.66
Costs to cover: 0.160%
Break-even: never at this rate

Slippage from Extended: live order book, 34 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 Extended live order book, 34 min ago	3.13 bp	7.7 bp −$8	45.0 bp −$450	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.10 bp	0.4 bp $0	9.4 bp −$94	46.2 bp −$4,620	83.4 bp −$41.7K

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
Hyperliquid kPEPE	−0.0249%	1h	0.000004804	−0.196%	$67.4M	$88.9M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004810	−0.077%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004809	−0.088%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0066%	1h	0.000004810	−0.072%	$3.9M	$13.6M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004810	−0.072%	$59K	$115K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004809	−0.093%	$86.5M	$288.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004808	−0.113%	$150.5M	$64.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004811	−0.057%	$24.6M	$54.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004810	−0.066%	$42.4M	$149.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004829	+0.321%	$591K	$4.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004811	−0.042%	$26K	$348K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004803	−0.217%	$101K	$762K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004824	+0.213%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004812	−0.030%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004812	−0.028%	$544K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0176%	1h	0.000004813	−0.010%	$627K	$6.3M	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004813	−0.009%	$7K	—	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0206%	8h	0.000004815	+0.041%	$5K	$16	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0213%	8h	0.000004812	−0.030%	$41.7M	$498.6M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0218%	8h	0.000004810	−0.082%	$2.3M	$6.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0224%	1h	0.000004817	+0.074%	$552	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0336%	8h	0.000004822	+0.177%	$3.9M	$22.4M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0363% / S −0.0406%	1h	0.000004000	−16.900%	$43K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004814	+0.011%	$570K	$25.8M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0418%	8h	0.000004814	+0.011%	$30K	$12K	20x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004831	+0.364%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0511%	1h	0.000004812	−0.037%	$91K	$601K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0582%	1h	0.000004813	−0.010%	$81K	$94K	25x	as long as short
BingX 1000PEPE-USDC	+0.0668%	8h	0.000004810	−0.061%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0677%	8h	0.000004811	−0.058%	$131.9M	$1.05B	75x	as long as short
Extended 1000PEPE-USDlong	+0.0680%	1h	0.000004813	long leg	$529K	$148K	25x
MEXC PEPE_USDTshort	+0.0680%	8h	0.000004810	−0.072%	$93.4M	$279.9M	300x
Aevo 1000PEPE-PERP	+0.0680%	1h	0.000004813	−0.010%	$136K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0683%	8h	0.000004813	−0.008%	$1.5M	$7.2M	50x	as long as short
Nado kPEPE-PERP	+0.0806%	1h	0.000004818	+0.087%	$184K	$847K	10x	as long as short