Funding you earn now, next payment 11:00 UTC+0.0193%/8h= +21.1% APRpaid last 24h +0.105%
Price spread now: MEXC against Pacifica+0.018%45s7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as 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−$350.347% of the position
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)+0.254%+$25 · spread now +0.018%, 7d avg +0.027%
=Together, before fees+0.320%+ Points / potential airdropPacifica: Active · farm board+$32 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 45 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 0.066% in total (about 3.4% a year). A funding rate is set anew for every payment. 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica kPEPE | 0.000004940 | 0.0100 | pay 0.0013% / 1h | 54m 50s | $57K | $195K | 10x |
| Short | MEXC PEPE_USDT | 0.000004941 | 0.0293 | get 0.0293% / 8h | 5h 54m | $100.9M | $294.8M | 300x |
Pacifica kPEPE
MEXC PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Pacifica. 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
- $40.53
- Price spread: +0.018% → +0.027%
- −$0.85
- Slippage, 4 orders
- −$26.75
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $4.94
- Costs to cover
- 0.347%
- Break-even
- 6.1 days
Slippage from Pacifica: live order book, 56 min ago; MEXC: 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 Pacifica live order book, 56 min ago | 8.02 bp | 13.9 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.91 bp | 1.3 bp −$1 | 5.0 bp −$50 | 41.7 bp −$4,169 | 72.6 bp −$36.3K |
PEPE on 35 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0372% | 1h | 0.000004936 | −0.083% | $4.6M | $16.6M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004938 | −0.043% | $25K | $18K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | 0.0000% | 1h | 0.000004937 | −0.061% | $57K | $115K | 25x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004951 | +0.229% | $3K | — | 150x | as long as short |
| 01 Exchange kPEPEUSD | +0.0080% | 1h | 0.000004936 | −0.081% | $595 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004938 | −0.040% | $593K | $9.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004939 | −0.020% | $49.9M | $156.3M | 10x | as long as short |
| Pacifica kPEPElong | +0.0100% | 1h | 0.000004940 | long leg | $57K | $195K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004935 | −0.101% | $94.0M | $441.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004937 | −0.061% | $152.1M | $101.9M | 75x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
gTrade (Gains Network) PEPE/USD
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDTShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004941 | +0.028% | $25.0M | $75.8M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004937 | −0.059% | $43.7M | $229.4M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004938 | −0.036% | $75K | $990K | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004937 | −0.056% | $643K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004955 | +0.312% | $27K | $569K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004977 | +0.749% | $144K | $851K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004943 | +0.067% | $1K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004936 | −0.081% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004939 | −0.026% | $579K | $4.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004933 | −0.148% | $2.3M | $8.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0111% | 8h | 0.000004943 | +0.064% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0132% | 1h | 0.000004936 | −0.081% | $136K | $939K | 10x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0142% | 8h | 0.000004936 | −0.081% | $44.4M | $720.2M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004934 | −0.123% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0266% | 8h | 0.000004936 | −0.081% | $4.3M | $28.6M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0284% | 1h | 0.000004939 | −0.020% | $4K | $122K | 12x | as long as short |
| Binance 1000PEPEUSDT | +0.0287% | 8h | 0.000004936 | −0.086% | $128.0M | $1.53B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0288% | 1h | 0.000004940 | −0.003% | $518K | $285K | 25x | as long as short |
| MEXC PEPE_USDTshort | +0.0293% | 8h | 0.000004941 | +0.018% | $100.9M | $294.8M | 300x | |
| Aster 1000PEPEUSDT | +0.0299% | 8h | 0.000004940 | 0.000% | $1.8M | $12.5M | 50x | as long as short |
| Aevo 1000PEPE-PERP | +0.0304% | 1h | 0.000004936 | −0.081% | $140K | — | 3x | as long as short |
| BingX 1000PEPE-USDC | +0.0310% | 8h | 0.000004940 | −0.004% | — | $2.3M | — | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0348% | 8h | 0.000004937 | −0.057% | $32K | $30K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004941 | +0.020% | $760K | $38.7M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0838% / S −0.0953% | 1h | 0.000004000 | −19.028% | $50K | — | 100x | as long as short |
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Backpack kPEPE_USDC_PERP
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Injective PEPE/USDC PERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Aevo 1000PEPE-PERP
BingX 1000PEPE-USDC
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]