Funding you earn now, next payment 08:00 UTC+0.0331%/8h= +36.2% APRnext payment +$3.31 per $10,000 · paid last 24h +0.026%
Price spread now: MEXC against OKX−0.049%7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 7 days+0.096%+$10 · spread now −0.049%, 7d avg +0.051%
=Funding pays, the price is against you. MEXC is 0.100% cheaper against OKX than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.051%). If the spread goes back, that is −$10 on $10k: about 24 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.040% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.31 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 | OKX PEPE-USDT-SWAP | 0.000005136 | 0.0368 | pay 0.0368% / 8h | 4h 38m | $46.7M | $610.0M | 50x |
| Short | MEXC PEPE_USDT | 0.000005134 | 0.0699 | get 0.0699% / 8h | 4h 38m | $94.9M | $288.1M | 300x |
OKX PEPE-USDT-SWAP
MEXC PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against OKX. 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
- $69.42
- Price spread: −0.049% → +0.051%
- −$9.98
- Slippage, 4 orders
- −$8.38
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $41.06
- Costs to cover
- 0.184%
- Break-even
- 2.9 days
Slippage from OKX: live order book, 1 min ago; MEXC: 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 OKX live order book, 1 min ago | 0.98 bp | 8.0 bp −$8 | 12.5 bp −$125 | 32.6 bp −$3,264 | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.19 bp | 0.6 bp −$1 | 17.4 bp −$174 | 47.8 bp −$4,783 | 85.6 bp −$42.8K |
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 | 0.000005109 | −0.524% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005123 | −0.247% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005116 | −0.389% | $65K | $141K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005133 | −0.058% | $100.3M | $347.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005126 | −0.195% | $170.4M | $76.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005131 | −0.105% | $26.3M | $64.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005091 | −0.885% | $688K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005091 | −0.885% | $31K | $451K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005140 | +0.070% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005147 | +0.208% | $589K | $3.7M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0177% | 8h | 0.000005136 | 0.000% | $46.8M | $175.5M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005141 | +0.105% | $8K | — | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005044 | −1.791% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0336% | 8h | 0.000005132 | −0.082% | $34K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0368% | 8h | 0.000005136 | long leg | $46.7M | $610.0M | 50x | |
| BloFin PEPE-USDT | +0.0488% | 8h | 0.000005096 | −0.779% | $4.3M | $25.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0566% | 8h | 0.000005123 | −0.257% | $2.4M | $7.1M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0647% | 8h | 0.000005130 | −0.109% | — | $261.9M | — | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005136 | 0.000% | $973K | $32.4M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0677% / S −0.0932% | 1h | 0.000005000 | −2.648% | $46K | — | 100x | as long as short |
| Aevo 1000PEPE-PERP | +0.0696% | 1h | 0.000005124 | −0.234% | $145K | — | 3x | as long as short |
| MEXC PEPE_USDTshort | +0.0699% | 8h | 0.000005134 | −0.049% | $94.9M | $288.1M | 300x | |
| Binance 1000PEPEUSDT | +0.0702% | 8h | 0.000005138 | +0.036% | $145.7M | $1.23B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0704% | 1h | 0.000005133 | −0.062% | $544K | $226K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0759% | 1h | 0.000005133 | −0.058% | $2K | $12K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0768% | 1h | 0.000005142 | +0.125% | $202K | $881K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0795% | 8h | 0.000005134 | −0.036% | $1.8M | $9.3M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0813% | 8h | 0.000005113 | −0.443% | $6K | — | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0824% | 1h | 0.000005099 | −0.720% | $101K | $743K | 25x | as long as short |
| Lighter 1000PEPE | +0.0912% | 1h | 0.000005128 | −0.156% | $581K | $8.2M | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0921% | 1h | 0.000005130 | −0.117% | $72K | $124K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0981% | 1h | 0.000005135 | −0.021% | $101K | $657K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.1064% | 1h | 0.000005134 | −0.039% | $619 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1269% | 1h | 0.000005131 | −0.104% | $4.5M | $15.5M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1498% | 1h | 0.000005132 | −0.078% | $55.1M | $140.5M | 10x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
SoDEX 1000PEPE-USD
Nado kPEPE-PERP
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
ApeX Omni 1000PEPEUSDT
Lighter 1000PEPE
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE