Funding you earn now, next payment 08:00 UTC−0.0134%/8h= −14.7% APRnext payment −$1.34 per $10,000 · paid last 24h −0.033%
Price spread now: Phemex against MEXC−0.136%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$380.375% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 4 days (all we have)+0.226%+$23 · spread now −0.136%, 7d avg +0.006%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phemex is 0.142% cheaper against MEXC than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PEPE_USDT | 0.000005225 | 0.0817 | pay 0.0817% / 8h | 3h 15m | $99.1M | $296.6M | 300x |
| Short | Phemex u1000PEPEUSDT | 0.000005218 | 0.0683 | get 0.0683% / 8h | 3h 15m | $2.5M | $7.6M | 50x |
MEXC PEPE_USDT
Phemex u1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$28.11
- Price spread: −0.136% → +0.006%
- −$14.24
- Slippage, 4 orders
- −$25.54
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$79.89
- Costs to cover
- 0.375%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Phemex: live order book, 3 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 | 0.76 bp | 1.3 bp −$1 | 12.4 bp −$124 | 46.1 bp −$4,613 | 80.8 bp −$40.4K |
| Sell Phemex live order book, 3 min ago | 0.57 bp | 19.5 bp −$19 | 29.1 bp −$291 | 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 | 0.000005219 | −0.116% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005210 | −0.297% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +1.950% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005223 | −0.040% | $65K | $163K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005222 | −0.059% | $105.9M | $383.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005218 | −0.136% | $172.0M | $89.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005227 | +0.031% | $26.1M | $68.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005212 | −0.259% | $663K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005246 | +0.402% | $29K | $535K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005219 | −0.121% | $1K | $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 | 0.000005236 | +0.199% | $588K | $3.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005218 | −0.137% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0319% | 8h | 0.000005229 | +0.082% | $50.8M | $191.1M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0326% | 1h | 0.000005213 | −0.232% | $74K | $126K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0401% | 8h | 0.000005216 | −0.165% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0431% | 8h | 0.000005227 | +0.036% | $50.5M | $677.7M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0447% | 1h | 0.000005213 | −0.232% | $2K | $10K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0492% | 8h | 0.000005229 | +0.067% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0562% | 8h | 0.000005244 | +0.362% | $4.8M | $28.4M | 75x | as long as short |
| Phemex u1000PEPEUSDTshort | +0.0683% | 8h | 0.000005218 | −0.136% | $2.5M | $7.6M | 50x | |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005215 | −0.193% | $705K | $36.3M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0769% | 8h | 0.000005221 | −0.086% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0816% | 1h | 0.000005226 | +0.015% | $553K | $231K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0816% | 1h | 0.000005222 | −0.059% | $148K | — | 3x | as long as short |
| MEXC PEPE_USDTlong | +0.0817% | 8h | 0.000005225 | long leg | $99.1M | $296.6M | 300x | |
| Binance 1000PEPEUSDT | +0.0818% | 8h | 0.000005224 | −0.024% | $151.8M | $1.34B | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0841% | 1h | 0.000005241 | +0.304% | $161K | $810K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0861% | 1h | 0.000005221 | −0.081% | $188K | $917K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0912% | 8h | 0.000005222 | −0.056% | $1.8M | $10.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0976% | 1h | 0.000005232 | +0.132% | $631 | $3K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0983% / S −0.1975% | 1h | 0.000005000 | −4.308% | $64K | — | 100x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1144% | 1h | 0.000005220 | −0.101% | $68K | $724K | 15x | as long as short |
| Lighter 1000PEPE | +0.1176% | 1h | 0.000005231 | +0.113% | $623K | $8.8M | 10x | as long as short |
| Hyperliquid kPEPE | +0.1524% | 1h | 0.000005230 | +0.094% | $56.9M | $146.1M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1566% | 1h | 0.000005213 | −0.229% | $4.8M | $16.4M | 50x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Hyperliquid kPEPE
Kraken Futures PF_PEPEUSD