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Funding arb · Price arb /

PEPE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 16:00 UTC−0.0207%/8h= −22.7% APRnext payment −$2.07 per $10,000 · paid last 24h −0.091%
Price spread now: Bitget against MEXC+0.150%7-day average −0.021% · 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−$3as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Long on MEXCShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.101%−$10 on $10k
Price spread, last 7 days−0.197%−$20 · spread now +0.150%, 7d avg −0.021%
Together, before fees−0.298%−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.171% dearer against MEXC than usual: you sell high and buy low (spread +0.150% now, against its 7-day average of −0.021%): +$17 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 7 days (−0.101% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.101% in total (about -5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.07 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PEPE_USDT0.0000049430.0307pay 0.0307% / 8h5h 56m$101.5M$294.4M300x
ShortBitget PEPEUSDT0.0000049500.0100get 0.0100% / 8h5h 56m$45.1M$224.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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

Funding earned
−$43.47
Price spread: +0.150% → −0.021%
$17.07
Slippage, 4 orders
−$8.56
Fee MEXC: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$46.96
Costs to cover
0.206%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 5 min ago0.60 bp1.9 bp −$224.4 bp −$24450.5 bp −$5,04777.7 bp −$38.9K
Sell Bitget live order book, 5 min ago1.31 bp9.1 bp −$910.9 bp −$10919.3 bp −$1,930doesn't fit

PEPE on 35 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_PEPEUSD−0.0371%1h0.000004949+0.126%$4.6M$16.5M50xas long as short
dYdX PEPE-USD0.0000%1h0.000004956+0.255%$25K$18K10xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004951+0.170%$3K—150xas long as short
Lighter 1000PEPE+0.0096%1h0.000004953+0.204%$595K$9.0M10xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004953+0.204%$50.1M$156.2M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004957+0.285%$57K$195K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004950+0.144%$94.0M$440.9M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004949+0.123%$152.9M$101.4M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004947+0.077%$25.0M$75.6M75xas long as short
Bitget PEPEUSDTshort+0.0100%8h0.000004950+0.150%$45.1M$224.1M75x
Show all 35 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack kPEPE_USDC_PERP+0.0100%1h0.000004950+0.144%$76K$988K15xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004972+0.595%$646K$5.3M—as long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004974+0.631%$27K$571K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0100%1h0.000004977+0.690%$144K$851K25xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004962+0.384%$1K$2.5M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004951+0.164%$2K$11K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004953+0.210%$583K$4.2M75xas long as short
Phemex u1000PEPEUSDT+0.0100%8h0.000004956+0.275%$2.3M$7.9M50xas long as short
Paradex kPEPE-USD-PERP+0.0112%8h0.000004955+0.245%$6K—20xas long as short
01 Exchange kPEPEUSD+0.0120%1h0.000004955+0.245%$598$2K10xas long as short
OKX PEPE-USDT-SWAP+0.0149%8h0.000004952+0.184%$44.4M$721.4M50xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0154%1h0.000004954+0.225%$57K$115K25xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004949+0.119%$7K—15xas long as short
Nado kPEPE-PERP+0.0203%1h0.000004956+0.272%$136K$936K10xas long as short
BloFin PEPE-USDT+0.0272%8h0.000004952+0.184%$4.3M$28.7M75xas long as short
Injective PEPE/USDC PERP+0.0284%1h0.000004973+0.609%$5K$122K12xas long as short
Binance 1000PEPEUSDT+0.0301%8h0.000004948+0.103%$127.9M$1.52B75xas long as short
Aster 1000PEPEUSDT+0.0304%8h0.000004947+0.092%$1.8M$12.4M50xas long as short
Extended 1000PEPE-USD+0.0304%1h0.000004949+0.115%$519K$285K25xas long as short
Aevo 1000PEPE-PERP+0.0304%1h0.000004950+0.144%$140K—3xas long as short
MEXC PEPE_USDTlong+0.0307%8h0.000004943long leg$101.5M$294.4M300x
BingX 1000PEPE-USDT+0.0310%8h0.000004951+0.154%—$181.0M—as long as short
Orderly PERP_1000PEPE_USDC+0.0352%8h0.000004952+0.188%$32K$30K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0400%1h0.000004953+0.204%$691K$38.5M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0839% / S −0.0953%1h0.000004000−19.076%$51K—100xas long as short