Funding you earn now, next payment 05:00 UTC+0.0374%/8h= +41.0% APRpaid last 24h +0.095%
Price spread now: Backpack against MEXC+0.316%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs+$3as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 7 days+0.204%+$20 on $10k
+Price spread, last 4 days (all we have)−0.407%−$41 · spread now +0.316%, 7d avg −0.035%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Backpack is 0.351% dearer against MEXC than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of −0.035%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.204% in total (about 10.6% a year). A funding rate is set anew for every payment. 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 | MEXC PEPE_USDT | 0.000005220 | 0.0802 | pay 0.0802% / 8h | 3h 26m | $102.2M | $295.5M | 300x |
| Short | Backpack kPEPE_USDC_PERP | 0.000005237 | 0.1176 | get 0.0147% / 1h | 26m 21s | $68K | $724K | 15x |
MEXC PEPE_USDT
Backpack kPEPE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. 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
- $78.64
- Price spread: +0.316% → −0.035%
- $35.13
- Slippage, 4 orders
- −$21.99
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $81.79
- Costs to cover
- 0.320%
- Break-even
- from the start
Slippage from MEXC: live order book, 3 min ago; Backpack: live order book, 28 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 MEXC live order book, 3 min ago | 0.09 bp | 0.1 bp $0 | 8.2 bp −$82 | 44.7 bp −$4,471 | 78.7 bp −$39.3K |
| Sell Backpack live order book, 28 min ago | 0.94 bp | 6.6 bp −$7 | 24.4 bp −$244 | doesn't fit | doesn't fit |
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 | 0.000005214 | −0.132% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005211 | −0.174% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +2.042% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005224 | +0.069% | $66K | $162K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005215 | −0.111% | $105.8M | $379.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005212 | −0.161% | $173.1M | $88.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005208 | −0.241% | $26.0M | $68.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005312 | +1.746% | $747K | $5.1M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005285 | +1.231% | $29K | $532K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005222 | +0.040% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005249 | +0.544% | $595K | $3.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005216 | −0.079% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0295% | 8h | 0.000005218 | −0.038% | $50.6M | $190.4M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0392% | 8h | 0.000005218 | −0.038% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0434% | 8h | 0.000005217 | −0.065% | $50.5M | $673.3M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0434% | 8h | 0.000005209 | −0.221% | $6K | — | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0487% | 1h | 0.000005217 | −0.065% | $2K | $10K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0518% | 1h | 0.000005214 | −0.123% | $74K | $126K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0562% | 8h | 0.000005243 | +0.433% | $4.9M | $28.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0636% | 8h | 0.000005248 | +0.519% | $2.5M | $7.5M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005216 | −0.084% | $709K | $36.2M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0763% | 8h | 0.000005215 | −0.094% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0800% | 8h | 0.000005222 | +0.023% | $152.1M | $1.33B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005215 | −0.108% | $553K | $231K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005217 | −0.065% | $147K | — | 3x | as long as short |
| MEXC PEPE_USDTlong | +0.0802% | 8h | 0.000005220 | long leg | $102.2M | $295.5M | 300x | |
| Nado kPEPE-PERP | +0.0903% | 1h | 0.000005211 | −0.186% | $187K | $916K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0904% | 1h | 0.000005308 | +1.678% | $163K | $808K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0912% | 8h | 0.000005219 | −0.033% | $1.8M | $10.3M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0952% / S −0.1901% | 1h | 0.000005000 | −4.222% | $64K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.1008% | 1h | 0.000005210 | −0.199% | $628 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERPshort | +0.1176% | 1h | 0.000005237 | +0.316% | $68K | $724K | 15x | |
| Lighter 1000PEPE | +0.1272% | 1h | 0.000005247 | +0.510% | $675K | $8.7M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1566% | 1h | 0.000005214 | −0.131% | $4.8M | $16.4M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1591% | 1h | 0.000005217 | −0.065% | $56.8M | $145.6M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE