PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0392%/8h= +43.0% APRnext payment +$3.92 per $10,000 · paid last 24h +0.039%

Price spread now: Binance against Bybit+0.085%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.085%, 7d avg +0.071%

Together, before fees+0.101%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: +$12 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 0.113% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.92 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	Bybit 1000PEPEUSDT	0.000005032	0.0100	pay 0.0100% / 8h	6h 43m	$97.3M	$320.0M	50x
Short	Binance 1000PEPEUSDT	0.000005037	0.0492	get 0.0492% / 8h	6h 43m	$140.7M	$1.16B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.085%Rate

Funding earned: $82.4
Price spread: +0.085% → +0.071%: $1.4
Slippage, 4 orders: −$13.67
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: $49.13
Costs to cover: 0.347%
Break-even: 2.8 days

Slippage from Bybit: live order book, 6 min ago; Binance: live order book, 16 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 Bybit live order book, 6 min ago	1.00 bp	8.2 bp −$8	15.4 bp −$154	38.3 bp −$3,828	doesn't fit
Sell Binance live order book, 16 min ago	0.30 bp	10.0 bp −$10	16.3 bp −$163	45.7 bp −$4,571	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	0.000005019	−0.263%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005030	−0.042%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005031	−0.030%	$62K	$125K	10x	as long as short
Bybit 1000PEPEUSDTlong	+0.0100%	8h	0.000005032	long leg	$97.3M	$320.0M	50x
Gate PEPE_USDT	+0.0100%	8h	0.000005020	−0.248%	$159.6M	$69.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005039	+0.131%	$25.2M	$59.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005033	+0.010%	$44.7M	$158.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005015	−0.353%	$559K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005028	−0.091%	$46K	$388K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005039	+0.127%	$2K	$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	0.000005036	+0.060%	$566K	$3.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005036	+0.076%	$2.4M	$6.8M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0158%	1h	0.000005031	−0.030%	$107K	$752K	25x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005032	−0.001%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0208%	8h	0.000005033	+0.010%	$44.5M	$558.9M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0275%	8h	0.000005047	+0.288%	$33K	$23K	20x	as long as short
BloFin PEPE-USDT	+0.0318%	8h	0.000005008	−0.487%	$4.2M	$24.6M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005044	+0.229%	$655K	$28.9M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0438%	8h	0.000005030	−0.044%	$6K	$16	20x	as long as short
BingX 1000PEPE-USDT	+0.0457%	8h	0.000005029	−0.077%	—	$258.1M	—	as long as short
Extended 1000PEPE-USD	+0.0488%	1h	0.000005026	−0.136%	$552K	$199K	25x	as long as short
MEXC PEPE_USDT	+0.0488%	8h	0.000005036	+0.072%	$95.7M	$288.3M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0488%	1h	0.000005043	+0.209%	$143K	—	3x	as long as short
Binance 1000PEPEUSDTshort	+0.0492%	8h	0.000005037	+0.085%	$140.7M	$1.16B	75x
GMX PEPE/USD [ETH-USDC]	L +0.0506% / S −0.0411%	1h	0.000005000	−0.646%	$63K	—	100x	as long as short
SoDEX 1000PEPE-USD	+0.0542%	1h	0.000005043	+0.209%	$2K	$12K	10x	as long as short
Aster 1000PEPEUSDT	+0.0566%	8h	0.000005038	+0.113%	$1.7M	$8.0M	50x	as long as short
Nado kPEPE-PERP	+0.0620%	1h	0.000005035	+0.046%	$178K	$884K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0826%	1h	0.000005043	+0.200%	$4.0M	$14.4M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0904%	1h	0.000005051	+0.372%	$103K	$625K	15x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005035	+0.050%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.0960%	1h	0.000005049	+0.328%	$1K	$2K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1138%	1h	0.000005049	+0.328%	$61K	$114K	25x	as long as short
Lighter 1000PEPE	+0.1304%	1h	0.000005032	−0.010%	$656K	$6.8M	10x	as long as short
Hyperliquid kPEPE	+0.2485%	1h	0.000005042	+0.189%	$55.8M	$135.1M	10x	as long as short