Funding you earn now, next payment 08:00 UTC−0.0673%/8h= −73.7% APRnext payment −$6.73 per $10,000 · paid last 24h −0.039%
Price spread now: Bybit against MEXC−0.021%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$190.190% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 7 days−0.045%−$5 · spread now −0.021%, 7d avg −0.077%
=The price spread pays, funding is against you. Bybit is 0.055% dearer against MEXC than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.077%): +$6 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.114% in total) that is about 3.4 days.
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 −$6.73 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 | MEXC PEPE_USDT | 0.000005170 | 0.0773 | pay 0.0773% / 8h | 1h 45m | $99.6M | $302.9M | 300x |
| Short | Bybit 1000PEPEUSDT | 0.000005169 | 0.0100 | get 0.0100% / 8h | 1h 45m | $101.9M | $415.5M | 50x |
MEXC PEPE_USDT
Bybit 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$141.33
- Price spread: −0.021% → −0.077%
- $5.53
- Slippage, 4 orders
- −$7.99
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$154.79
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 0.10 bp | 0.8 bp −$1 | 9.4 bp −$94 | 47.8 bp −$4,778 | 79.8 bp −$39.9K |
| Sell Bybit live order book, 4 min ago | 0.97 bp | 10.0 bp −$10 | 13.2 bp −$132 | 28.5 bp −$2,849 | 172.5 bp −$86.2K |
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 | 0.000005128 | −0.814% | $10K | $119K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005125 | −0.870% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005158 | −0.230% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005131 | −0.756% | $60K | $180K | 10x | as long as short |
| Bybit 1000PEPEUSDTshort | +0.0100% | 8h | 0.000005169 | −0.021% | $101.9M | $415.5M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005163 | −0.137% | $164.6M | $96.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005164 | −0.112% | $26.0M | $72.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005133 | −0.725% | $612K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005156 | −0.269% | $28K | $542K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005169 | −0.015% | $2K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
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 | 0.000005165 | −0.095% | $596K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0133% | 1h | 0.000005164 | −0.118% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005156 | −0.267% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0299% | 8h | 0.000005174 | +0.068% | $46.3M | $214.4M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0382% | 8h | 0.000005163 | −0.147% | $34K | $26K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0401% | 1h | 0.000005172 | +0.044% | $76K | $854K | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0418% | 8h | 0.000005172 | +0.037% | $48.5M | $728.7M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0452% | 1h | 0.000005164 | −0.127% | $4.7M | $16.8M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0506% | 8h | 0.000005130 | −0.771% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0542% | 8h | 0.000005170 | −0.002% | $4.6M | $29.7M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0571% | 8h | 0.000005169 | −0.012% | $2.4M | $8.0M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0577% | 1h | 0.000005157 | −0.253% | $156K | $821K | 25x | as long as short |
| Lighter 1000PEPE | +0.0584% | 1h | 0.000005166 | −0.079% | $621K | $9.0M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005163 | −0.137% | $680K | $38.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0648% | 1h | 0.000005145 | −0.485% | $621 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0731% | 1h | 0.000005154 | −0.316% | $163K | $957K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0743% | 8h | 0.000005161 | −0.170% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0768% | 1h | 0.000005162 | −0.149% | $547K | $286K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0770% | 8h | 0.000005174 | +0.072% | $142.9M | $1.45B | 75x | as long as short |
| MEXC PEPE_USDTlong | +0.0773% | 8h | 0.000005170 | long leg | $99.6M | $302.9M | 300x | |
| Aevo 1000PEPE-PERP | +0.0776% | 1h | 0.000005156 | −0.273% | $146K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0782% | 8h | 0.000005169 | −0.017% | $1.8M | $11.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0914% | 1h | 0.000005161 | −0.176% | $74K | $127K | 25x | as long as short |
| Hyperliquid kPEPE | +0.0982% | 1h | 0.000005172 | +0.037% | $55.3M | $154.7M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1132% / S −0.2351% | 1h | 0.000005000 | −3.290% | $63K | — | 100x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]