PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0548%/8h= +60.0% APRnext payment +$5.48 per $10,000 · paid last 24h +0.036%

Price spread now: MEXC against HTX+0.248%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.519%−$52 · spread now +0.248%, 7d avg +0.009%

Together, before fees−0.532%−$53 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and MEXC is 0.239% dearer against HTX than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.009%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.48 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	HTX PEPE-USDT	0.000005036	0.0100	pay 0.0100% / 8h	5h 03m	$573K	$3.6M	75x
Short	MEXC PEPE_USDT	0.000005048	0.0648	get 0.0648% / 8h	5h 03m	$94.9M	$290.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against HTX. 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 HTXbpFee MEXCbpOrdersPrice spread, now +0.248%Rate

Funding earned: $115.08
Price spread: +0.248% → +0.009%: $23.92
Slippage, 4 orders: −$17.78
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: $109.22
Costs to cover: 0.298%
Break-even: 0.4 days

Slippage from HTX: 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 HTX live order book, 5 min ago	5.89 bp	14.2 bp −$14	43.2 bp −$432	135.7 bp −$13.6K	doesn't fit
Sell MEXC live order book, 5 min ago	0.50 bp	1.5 bp −$2	21.1 bp −$211	52.2 bp −$5,218	79.3 bp −$39.7K

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	0.000005041	+0.102%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005035	−0.022%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005045	+0.181%	$64K	$139K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005044	+0.165%	$98.6M	$342.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005051	+0.300%	$166.0M	$75.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005052	+0.318%	$26.0M	$63.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005009	−0.544%	$672K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005016	−0.387%	$27K	$445K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005048	+0.236%	$2K	$2.4M	20x	as long as short
HTX PEPE-USDTlong	+0.0100%	8h	0.000005036	long leg	$573K	$3.6M	75x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0140%	8h	0.000005041	+0.107%	$46.1M	$173.3M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005038	+0.044%	$8K	—	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0320%	8h	0.000005042	+0.125%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0351%	8h	0.000005046	+0.201%	$45.8M	$591.4M	50x	as long as short
BloFin PEPE-USDT	+0.0468%	8h	0.000005036	+0.002%	$4.3M	$25.2M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0500%	1h	0.000005042	+0.121%	$2K	$12K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0530%	1h	0.000005007	−0.574%	$99K	$750K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0545%	1h	0.000005038	+0.042%	$71K	$124K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005042	+0.121%	$935K	$31.6M	50x	as long as short
BingX 1000PEPE-USDT	+0.0611%	8h	0.000005045	+0.187%	—	$261.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0647% / S −0.1042%	1h	0.000005000	−0.713%	$49K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0648%	1h	0.000005052	+0.313%	$533K	$226K	25x	as long as short
MEXC PEPE_USDTshort	+0.0648%	8h	0.000005048	+0.248%	$94.9M	$290.8M	300x
Aevo 1000PEPE-PERP	+0.0648%	1h	0.000005036	+0.002%	$142K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0651%	8h	0.000005044	+0.169%	$141.3M	$1.21B	75x	as long as short
Phemex u1000PEPEUSDT	+0.0728%	8h	0.000005045	+0.171%	$2.4M	$7.1M	50x	as long as short
Aster 1000PEPEUSDT	+0.0748%	8h	0.000005050	+0.275%	$1.8M	$9.2M	50x	as long as short
Nado kPEPE-PERP	+0.0761%	1h	0.000005038	+0.045%	$186K	$871K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0783%	8h	0.000005048	+0.232%	$6K	—	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0953%	1h	0.000005045	+0.183%	$93K	$631K	15x	as long as short
01 Exchange kPEPEUSD	+0.0960%	1h	0.000005052	+0.320%	$609	$3K	10x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005021	−0.296%	$3K	$102K	12x	as long as short
Lighter 1000PEPE	+0.1160%	1h	0.000005045	+0.181%	$658K	$8.1M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1381%	1h	0.000005040	+0.080%	$4.3M	$15.3M	50x	as long as short
Hyperliquid kPEPE	+0.1559%	1h	0.000005050	+0.280%	$53.9M	$139.6M	10x	as long as short