PEPE

Alert: funding

Alert: spread

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: MEXC against Phemex+0.090%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$380.375% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 4 days (all we have)−0.180%−$18 · spread now +0.090%, 7d avg −0.006%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and MEXC is 0.097% dearer against Phemex than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex u1000PEPEUSDT	0.000005218	0.0683	pay 0.0683% / 8h	3h 15m	$2.5M	$7.6M	50x
Short	MEXC PEPE_USDT	0.000005223	0.0817	get 0.0817% / 8h	3h 15m	$98.9M	$296.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Phemex. 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 PhemexbpFee MEXCbpOrdersPrice spread, now +0.090%Rate

Funding earned: $28.11
Price spread: +0.090% → −0.006%: $9.65
Slippage, 4 orders: −$25.54
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: $0.22
Costs to cover: 0.375%
Break-even: 6.9 days

Slippage from Phemex: live order book, 3 min ago; MEXC: 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 Phemex live order book, 3 min ago	0.57 bp	14.6 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.76 bp	2.2 bp −$2	17.3 bp −$173	47.6 bp −$4,759	81.3 bp −$40.7K

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
dYdX PEPE-USD	0.0000%	1h	0.000005222	+0.085%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005210	−0.161%	$14K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	+2.089%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005229	+0.211%	$66K	$163K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005221	+0.057%	$105.9M	$383.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005214	−0.077%	$171.9M	$89.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005219	+0.013%	$26.1M	$68.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005212	−0.123%	$663K	$5.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005223	+0.098%	$29K	$534K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005219	+0.015%	$1K	$2.5M	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	0.000005236	+0.335%	$588K	$3.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005218	−0.001%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0318%	8h	0.000005227	+0.176%	$50.8M	$191.1M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0326%	1h	0.000005213	−0.096%	$74K	$126K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0401%	8h	0.000005216	−0.029%	$35K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0431%	8h	0.000005224	+0.115%	$50.5M	$677.2M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0447%	1h	0.000005213	−0.096%	$2K	$10K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0489%	8h	0.000005230	+0.221%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0562%	8h	0.000005244	+0.498%	$4.8M	$28.4M	75x	as long as short
Phemex u1000PEPEUSDTlong	+0.0683%	8h	0.000005218	long leg	$2.5M	$7.6M	50x
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005215	−0.057%	$705K	$36.3M	50x	as long as short
BingX 1000PEPE-USDT	+0.0769%	8h	0.000005224	+0.115%	—	$235.7M	—	as long as short
Extended 1000PEPE-USD	+0.0816%	1h	0.000005218	0.000%	$553K	$231K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0816%	1h	0.000005222	+0.077%	$148K	—	3x	as long as short
MEXC PEPE_USDTshort	+0.0817%	8h	0.000005223	+0.090%	$98.9M	$296.5M	300x
Binance 1000PEPEUSDT	+0.0818%	8h	0.000005222	+0.076%	$151.8M	$1.34B	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0841%	1h	0.000005241	+0.441%	$161K	$810K	25x	as long as short
Nado kPEPE-PERP	+0.0861%	1h	0.000005221	+0.055%	$188K	$917K	10x	as long as short
Aster 1000PEPEUSDT	+0.0915%	8h	0.000005221	+0.060%	$1.8M	$10.4M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0983% / S −0.1975%	1h	0.000005000	−4.178%	$64K	—	100x	as long as short
01 Exchange kPEPEUSD	+0.0984%	1h	0.000005237	+0.364%	$632	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1144%	1h	0.000005220	+0.034%	$68K	$724K	15x	as long as short
Lighter 1000PEPE	+0.1176%	1h	0.000005231	+0.249%	$623K	$8.8M	10x	as long as short
Hyperliquid kPEPE	+0.1524%	1h	0.000005230	+0.230%	$56.9M	$146.1M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1566%	1h	0.000005213	−0.093%	$4.8M	$16.4M	50x	as long as short