PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0504%/8h= +55.2% APRnext payment +$5.04 per $10,000 · paid last 24h +0.036%

Price spread now: MEXC against Bitget+0.022%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$7 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.022%, 7d avg +0.023%

Together, before fees+0.061%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.075% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.04 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	Bitget PEPEUSDT	0.000005005	0.0134	pay 0.0134% / 8h	5h 08m	$45.8M	$173.3M	75x
Short	MEXC PEPE_USDT	0.000005006	0.0638	get 0.0638% / 8h	5h 08m	$94.3M	$290.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now +0.022%Rate

Funding earned: $105.84
Price spread: +0.022% → +0.023%: −$0.06
Slippage, 4 orders: −$8.1
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: $85.69
Costs to cover: 0.201%
Break-even: 1.3 days

Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago	1.39 bp	8.8 bp −$9	10.5 bp −$105	31.6 bp −$3,155	doesn't fit
Sell MEXC live order book, 5 min ago	0.10 bp	0.9 bp −$1	22.2 bp −$222	52.0 bp −$5,196	83.3 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
dYdX PEPE-USD	0.0000%	1h	0.000005000	−0.105%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005002	−0.072%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005008	+0.054%	$63K	$139K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005003	−0.040%	$97.3M	$341.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005004	−0.026%	$164.4M	$75.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005005	−0.004%	$25.8M	$63.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005020	+0.284%	$681K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005022	+0.328%	$27K	$444K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005015	+0.198%	$1K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005005	−0.016%	$569K	$3.6M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDTlong	+0.0134%	8h	0.000005005	long leg	$45.8M	$173.3M	75x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005005	−0.005%	$8K	—	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0317%	8h	0.000005010	+0.086%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0349%	8h	0.000005007	+0.034%	$45.5M	$586.0M	50x	as long as short
BloFin PEPE-USDT	+0.0467%	8h	0.000005009	+0.074%	$4.3M	$25.0M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0516%	1h	0.000005010	+0.094%	$2K	$12K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0542%	1h	0.000005020	+0.294%	$99K	$755K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0549%	1h	0.000005008	+0.054%	$71K	$124K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005012	+0.134%	$937K	$31.4M	50x	as long as short
BingX 1000PEPE-USDT	+0.0608%	8h	0.000005006	+0.018%	—	$261.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0634% / S −0.1019%	1h	0.000005000	−0.106%	$49K	—	100x	as long as short
MEXC PEPE_USDTshort	+0.0638%	8h	0.000005006	+0.022%	$94.3M	$290.6M	300x
Extended 1000PEPE-USD	+0.0640%	1h	0.000005006	+0.006%	$530K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0640%	1h	0.000004972	−0.665%	$141K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0643%	8h	0.000005008	+0.062%	$140.3M	$1.21B	75x	as long as short
Aster 1000PEPEUSDT	+0.0735%	8h	0.000005007	+0.039%	$1.8M	$9.2M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0744%	8h	0.000005007	+0.030%	$2.4M	$7.1M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0785%	8h	0.000005008	+0.057%	$6K	—	20x	as long as short
Nado kPEPE-PERP	+0.0794%	1h	0.000005003	−0.046%	$185K	$872K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0956%	1h	0.000005007	+0.032%	$92K	$632K	15x	as long as short
01 Exchange kPEPEUSD	+0.0960%	1h	0.000005012	+0.134%	$605	$3K	10x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005011	+0.114%	$4K	$102K	12x	as long as short
Lighter 1000PEPE	+0.1152%	1h	0.000005011	+0.114%	$663K	$8.1M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1390%	1h	0.000005007	+0.033%	$4.3M	$15.3M	50x	as long as short
Hyperliquid kPEPE	+0.1571%	1h	0.000005012	+0.134%	$53.6M	$139.5M	10x	as long as short