Funding you earn now, next payment 08:00 UTC−0.0707%/8h= −77.4% APRnext payment −$7.07 per $10,000 · paid last 24h −0.036%
Price spread now: HTX against MEXC+0.421%50s7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.471% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)−0.333%−$33 · spread now +0.421%, 7d avg −0.008%
=The price spread pays, funding is against you. HTX is 0.428% dearer against MEXC than usual: you sell high and buy low (spread +0.421% now, against its 7-day average of −0.008%): +$43 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 2.0 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
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 −$7.07 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 | 0.000005302 | 0.0807 | pay 0.0807% / 8h | 3h 42m | $103.0M | $293.2M | 300x |
| Short | HTX PEPE-USDT | 0.000005325 | 0.0100 | get 0.0100% / 8h | 3h 42m | $610K | $3.8M | 75x |
MEXC PEPE_USDT
HTX PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$148.47
- Price spread: +0.421% → −0.008%
- $42.84
- Slippage, 4 orders
- −$35.15
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$152.78
- Costs to cover
- 0.471%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; HTX: live order book, 1 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, 2 min ago | 0.09 bp | 1.3 bp −$1 | 14.7 bp −$147 | 47.4 bp −$4,739 | 77.0 bp −$38.5K |
| Sell HTX live order book, 1 min ago | 9.94 bp | 16.6 bp −$17 | 48.1 bp −$481 | 139.0 bp −$13.9K | 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 | 0.000005295 | −0.141% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005313 | +0.200% | $15K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +0.462% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005305 | +0.047% | $69K | $153K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005289 | −0.256% | $107.7M | $375.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005296 | −0.123% | $175.8M | $86.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005309 | +0.123% | $26.9M | $67.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005314 | +0.209% | $761K | $5.1M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005342 | +0.754% | $43K | $498K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005323 | +0.381% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
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-USDTshort | +0.0100% | 8h | 0.000005325 | +0.421% | $610K | $3.8M | 75x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005292 | −0.206% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0270% | 8h | 0.000005292 | −0.198% | $51.6M | $188.8M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0381% | 8h | 0.000005321 | +0.353% | $36K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0429% | 8h | 0.000005286 | −0.311% | $52.2M | $673.1M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0503% | 1h | 0.000005316 | +0.255% | $75K | $126K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0556% | 8h | 0.000005322 | +0.368% | $4.8M | $28.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0623% | 8h | 0.000005320 | +0.332% | $2.6M | $7.5M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0662% | 1h | 0.000005320 | +0.330% | $2K | $10K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005338 | +0.669% | $732K | $36.5M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0764% | 8h | 0.000005301 | −0.023% | — | $252.1M | — | as long as short |
| Paradex kPEPE-USD-PERP | +0.0786% | 8h | 0.000005299 | −0.058% | $6K | — | 20x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005326 | +0.443% | $151K | — | 3x | as long as short |
| MEXC PEPE_USDTlong | +0.0807% | 8h | 0.000005302 | long leg | $103.0M | $293.2M | 300x | |
| Binance 1000PEPEUSDT | +0.0807% | 8h | 0.000005302 | −0.013% | $154.5M | $1.31B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000005298 | −0.080% | $562K | $226K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0902% / S −0.1770% | 1h | 0.000005000 | −5.705% | $65K | — | 100x | as long as short |
| Nado kPEPE-PERP | +0.0906% | 1h | 0.000005287 | −0.297% | $190K | $916K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0938% | 8h | 0.000005306 | +0.058% | $1.9M | $10.0M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1032% | 1h | 0.000005324 | +0.405% | $176K | $800K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.1184% | 1h | 0.000005303 | +0.009% | $640 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.1240% | 1h | 0.000005308 | +0.104% | $690K | $8.6M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1331% | 1h | 0.000005320 | +0.322% | $72K | $722K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1536% | 1h | 0.000005315 | +0.228% | $4.9M | $16.3M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1748% | 1h | 0.000005298 | −0.085% | $58.1M | $144.6M | 10x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
SoDEX 1000PEPE-USD
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Paradex kPEPE-USD-PERP
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
Nado kPEPE-PERP
Aster 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
01 Exchange kPEPEUSD
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE