PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0570%/8h= −62.4% APRnext payment −$5.70 per $10,000 · paid last 24h +0.015%

Price spread now: SunX against MEXC+0.119%7-day average +0.134% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1281.280% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 3 days (all we have)+0.121%+$12 · spread now +0.119%, 7d avg +0.134%

Together, before fees+0.178%+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.134%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.058%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.70 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	0.000004793	0.0670	pay 0.0670% / 8h	42m 13s	$92.9M	$280.1M	300x
Short	SunX 1000PEPE-USDT	0.000004799	0.0100	get 0.0100% / 8h	42m 13s	$1K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee MEXCbpFee SunXbpOrdersPrice spread, now +0.119%Rate

Funding earned: −$119.7
Price spread: +0.119% → +0.134%: −$1.51
Slippage, 4 orders: −$120.05
Fee MEXC: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$249.26
Costs to cover: 1.280%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; SunX: live order book, 4 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	0.42 bp	1.1 bp −$1	4.5 bp −$45	46.3 bp −$4,632	75.9 bp −$37.9K
Sell SunX live order book, 4 min ago	29.19 bp	78.4 bp −$78	doesn't fit	doesn't fit	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
Hyperliquid kPEPE	−0.0257%	1h	0.000004792	−0.019%	$66.9M	$89.6M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004797	+0.083%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004792	−0.015%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0066%	1h	0.000004796	+0.059%	$3.9M	$13.6M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004799	+0.127%	$59K	$115K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004794	+0.023%	$86.2M	$288.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004793	+0.002%	$149.9M	$64.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004793	−0.006%	$24.5M	$54.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004796	+0.065%	$42.3M	$149.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004829	+0.751%	$591K	$4.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004821	+0.579%	$26K	$350K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004820	+0.565%	$101K	$761K	25x	as long as short
SunX 1000PEPE-USDTshort	+0.0100%	8h	0.000004799	+0.119%	$1K	$2.4M	20x
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004796	+0.065%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004797	+0.086%	$542K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0168%	1h	0.000004799	+0.127%	$635K	$6.3M	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004797	+0.085%	$7K	—	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0202%	8h	0.000004795	+0.052%	$5K	$16	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0212%	8h	0.000004796	+0.065%	$41.7M	$497.5M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0212%	8h	0.000004798	+0.098%	$2.3M	$6.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0232%	1h	0.000004795	+0.044%	$549	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0333%	8h	0.000004801	+0.169%	$3.9M	$22.3M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0366% / S −0.0410%	1h	0.000004000	−16.543%	$42K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004797	+0.086%	$568K	$25.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0413%	8h	0.000004797	+0.079%	$30K	$12K	20x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004818	+0.524%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0482%	1h	0.000004799	+0.119%	$91K	$601K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0585%	1h	0.000004797	+0.086%	$81K	$94K	25x	as long as short
Binance 1000PEPEUSDT	+0.0663%	8h	0.000004797	+0.092%	$131.5M	$1.05B	75x	as long as short
Extended 1000PEPE-USD	+0.0664%	1h	0.000004794	+0.027%	$529K	$148K	25x	as long as short
BingX 1000PEPE-USDC	+0.0668%	8h	0.000004797	+0.075%	—	$2.3M	—	as long as short
Aster 1000PEPEUSDT	+0.0668%	8h	0.000004799	+0.134%	$1.5M	$7.2M	50x	as long as short
MEXC PEPE_USDTlong	+0.0670%	8h	0.000004793	long leg	$92.9M	$280.1M	300x
Aevo 1000PEPE-PERP	+0.0680%	1h	0.000004798	+0.106%	$136K	—	3x	as long as short
Nado kPEPE-PERP	+0.0834%	1h	0.000004796	+0.067%	$184K	$849K	10x	as long as short