Funding you earn now, next payment 08:00 UTC+0.0645%/8h= +70.6% APRnext payment +$6.45 per $10,000 · paid last 24h +0.039%
Price spread now: MEXC against Bybit−0.060%7-day average +0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$220.223% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 7 days+0.128%+$13 · spread now −0.060%, 7d avg +0.077%
=Funding pays, the price is against you. MEXC is 0.137% cheaper against Bybit than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of +0.077%). If the spread goes back, that is −$14 on $10k: about 17 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.114% in total) that is about 8.4 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 +$6.45 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 | 0.000005168 | 0.0100 | pay 0.0100% / 8h | 37m 08s | $99.4M | $427.8M | 50x |
| Short | MEXC PEPE_USDT | 0.000005165 | 0.0745 | get 0.0745% / 8h | 37m 08s | $100.8M | $305.8M | 300x |
Bybit 1000PEPEUSDT
MEXC PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bybit. 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
- $135.45
- Price spread: −0.060% → +0.077%
- −$13.66
- Slippage, 4 orders
- −$11.27
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $99.52
- Costs to cover
- 0.223%
- Break-even
- 1.9 days
Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago | 0.97 bp | 8.3 bp −$8 | 14.1 bp −$141 | 30.8 bp −$3,076 | 188.9 bp −$94.4K |
| Sell MEXC live order book, 2 min ago | 0.68 bp | 1.3 bp −$1 | 10.7 bp −$107 | 47.5 bp −$4,749 | 75.8 bp −$37.9K |
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 | 0.000005157 | −0.215% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005163 | −0.104% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005165 | −0.060% | $60K | $183K | 10x | as long as short |
| Bybit 1000PEPEUSDTlong | +0.0100% | 8h | 0.000005168 | long leg | $99.4M | $427.8M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005163 | −0.099% | $163.9M | $98.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005207 | +0.762% | $652K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005167 | −0.024% | $28K | $546K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005167 | −0.023% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005159 | −0.176% | $600K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0129% | 8h | 0.000005168 | +0.006% | $26.9M | $73.7M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005168 | −0.010% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0269% | 8h | 0.000005168 | −0.012% | $46.3M | $219.3M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0281% | 1h | 0.000005169 | +0.017% | $2K | $11K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0331% | 1h | 0.000005168 | −0.002% | $74K | $127K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0376% | 8h | 0.000005175 | +0.134% | $47.6M | $747.6M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0378% | 1h | 0.000005219 | +0.985% | $151K | $833K | 25x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005156 | −0.234% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0413% | 8h | 0.000005169 | +0.008% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0481% | 8h | 0.000005169 | +0.017% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0499% | 8h | 0.000005170 | +0.037% | $4.4M | $30.3M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0507% | 1h | 0.000005169 | +0.025% | $78K | $877K | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0530% | 8h | 0.000005168 | −0.012% | $2.4M | $8.1M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005170 | +0.037% | $647K | $39.8M | 50x | as long as short |
| Lighter 1000PEPE | +0.0584% | 1h | 0.000005171 | +0.056% | $621K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0702% | 1h | 0.000005168 | −0.011% | $165K | $956K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0710% | 1h | 0.000005165 | −0.053% | $4.7M | $16.8M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0712% | 8h | 0.000005169 | +0.017% | — | $218.5M | — | as long as short |
| 01 Exchange kPEPEUSD | +0.0720% | 1h | 0.000005166 | −0.041% | $623 | $2K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0729% | 8h | 0.000005173 | +0.086% | $1.8M | $11.8M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0743% | 8h | 0.000005174 | +0.105% | $142.6M | $1.49B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0744% | 1h | 0.000005167 | −0.016% | $542K | $284K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0744% | 1h | 0.000005165 | −0.060% | $146K | — | 3x | as long as short |
| MEXC PEPE_USDTshort | +0.0745% | 8h | 0.000005165 | −0.060% | $100.8M | $305.8M | 300x | |
| Hyperliquid kPEPE | +0.0948% | 1h | 0.000005173 | +0.095% | $53.9M | $157.7M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1068% / S −0.1502% | 1h | 0.000005000 | −3.253% | $47K | — | 100x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
01 Exchange kPEPEUSD
Aster 1000PEPEUSDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]