Funding you earn now, next payment 08:00 UTC−0.0392%/8h= −42.9% APRnext payment −$3.92 per $10,000 · paid last 24h −0.039%
Price spread now: Bybit against MEXC−0.114%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$200.199% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 7 days+0.057%+$6 · spread now −0.114%, 7d avg −0.077%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bybit is 0.037% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.077%). Swap the legs.
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 −$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 | MEXC PEPE_USDT | 0.000005021 | 0.0492 | pay 0.0492% / 8h | 6h 42m | $95.1M | $288.4M | 300x |
| Short | Bybit 1000PEPEUSDT | 0.000005015 | 0.0100 | get 0.0100% / 8h | 6h 42m | $96.9M | $320.0M | 50x |
MEXC PEPE_USDT
Bybit 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against MEXC. 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
- −$82.32
- Price spread: −0.114% → −0.077%
- −$3.66
- Slippage, 4 orders
- −$8.92
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$105.9
- Costs to cover
- 0.199%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Bybit: 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 MEXC live order book, 1 min ago | 0.10 bp | 0.6 bp −$1 | 12.9 bp −$129 | 47.7 bp −$4,771 | 77.7 bp −$38.8K |
| Sell Bybit live order book, 2 min ago | 0.99 bp | 10.2 bp −$10 | 17.2 bp −$172 | 44.8 bp −$4,475 | 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 | 0.000005009 | −0.233% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005030 | +0.189% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005017 | −0.078% | $62K | $125K | 10x | as long as short |
| Bybit 1000PEPEUSDTshort | +0.0100% | 8h | 0.000005015 | −0.114% | $96.9M | $320.0M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005013 | −0.157% | $159.4M | $69.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005017 | −0.086% | $25.1M | $59.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005016 | −0.094% | $44.5M | $158.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005015 | −0.123% | $559K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005028 | +0.140% | $46K | $388K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005042 | +0.412% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005028 | +0.147% | $565K | $3.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005034 | +0.253% | $2.4M | $6.8M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0158% | 1h | 0.000005031 | +0.201% | $107K | $752K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005032 | +0.230% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0211% | 8h | 0.000005019 | −0.038% | $44.3M | $557.6M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0275% | 8h | 0.000005034 | +0.263% | $33K | $23K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0318% | 8h | 0.000005008 | −0.257% | $4.2M | $24.6M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0347% | 1h | 0.000005030 | +0.181% | $61K | $114K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000005038 | +0.341% | $660K | $28.9M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0441% | 8h | 0.000005018 | −0.048% | $6K | $16 | 20x | as long as short |
| BingX 1000PEPE-USDC | +0.0457% | 8h | 0.000005015 | −0.127% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0488% | 1h | 0.000005037 | +0.321% | $142K | — | 3x | as long as short |
| MEXC PEPE_USDTlong | +0.0492% | 8h | 0.000005021 | long leg | $95.1M | $288.4M | 300x | |
| Binance 1000PEPEUSDT | +0.0492% | 8h | 0.000005024 | +0.072% | $140.4M | $1.16B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0496% | 1h | 0.000005018 | −0.066% | $552K | $199K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0506% / S −0.0411% | 1h | 0.000005000 | −0.416% | $63K | — | 100x | as long as short |
| SoDEX 1000PEPE-USD | +0.0566% | 1h | 0.000005034 | +0.261% | $2K | $12K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0577% | 8h | 0.000005019 | −0.038% | $1.7M | $8.0M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0645% | 1h | 0.000005022 | +0.028% | $178K | $884K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0828% | 1h | 0.000005032 | +0.220% | $3.9M | $14.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000005053 | +0.639% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0921% | 1h | 0.000005027 | +0.120% | $101K | $625K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0968% | 1h | 0.000005029 | +0.161% | $1K | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.1288% | 1h | 0.000005023 | +0.042% | $655K | $6.8M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2468% | 1h | 0.000005025 | +0.082% | $55.6M | $135.1M | 10x | as long as short |
HTX PEPE-USDT
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
Paradex kPEPE-USD-PERP
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
SoDEX 1000PEPE-USD
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE