Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.016%

Price spread now: Binance against Aevo+0.394%48s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,159as 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−$1,15711.573% of the position

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 3 days (all we have)−0.468%−$47 · spread now +0.394%, 7d avg +0.025%

Together, before fees−0.488%−$49 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.369% dearer against Aevo than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.025%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo 1000PEPE-PERP	0.000005006	0.0480	pay 0.0060% / 1h	17m 26s	$142K	—	3x
Short	Binance 1000PEPEUSDT	0.000005026	0.0479	get 0.0479% / 8h	7h 17m	$138.8M	$1.11B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now +0.394%Rate

Funding earned: −$0.27
Price spread: +0.394% → +0.025%: $36.87
Slippage, 4 orders: −$1,131.32
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,120.73
Costs to cover: 11.573%
Break-even: never at this rate

Slippage from Aevo: live order book, 56 min ago; Binance: live order book, 12 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 Aevo live order book, 56 min ago	273.02 bp	579.1 bp −$579	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.30 bp	5.6 bp −$6	10.8 bp −$108	34.6 bp −$3,458	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
Kraken Futures PF_PEPEUSD	−0.0117%	1h	0.000005019	+0.265%	$3.9M	$14.2M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005013	+0.134%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005016	+0.208%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005019	+0.260%	$59K	$120K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005019	+0.260%	$94.2M	$307.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005014	+0.160%	$160.9M	$68.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005024	+0.370%	$25.8M	$57.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005025	+0.382%	$43.9M	$153.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005008	+0.033%	$576K	$4.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005015	+0.181%	$52K	$379K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005023	+0.342%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005015	+0.180%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005011	+0.098%	$566K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005020	+0.280%	$2.4M	$6.7M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005020	+0.282%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0192%	8h	0.000005027	+0.419%	$44.7M	$539.7M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0237%	8h	0.000005019	+0.253%	$6K	$16	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0242%	1h	0.000005019	+0.260%	$104K	$749K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0277%	8h	0.000005013	+0.134%	$31K	$14K	20x	as long as short
BloFin PEPE-USDT	+0.0308%	8h	0.000005011	+0.100%	$4.0M	$23.9M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004998	−0.160%	$676K	$27.4M	50x	as long as short
BingX 1000PEPE-USDC	+0.0465%	8h	0.000005014	+0.160%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDTshort	+0.0479%	8h	0.000005026	+0.394%	$138.8M	$1.11B	75x
Lighter 1000PEPE	+0.0480%	1h	0.000005021	+0.300%	$654K	$6.8M	10x	as long as short
Extended 1000PEPE-USD	+0.0480%	1h	0.000005021	+0.291%	$552K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0480%	8h	0.000005016	+0.206%	$101.9M	$288.7M	300x	as long as short
Aevo 1000PEPE-PERPlong	+0.0480%	1h	0.000005006	long leg	$142K	—	3x
GMX PEPE/USD [ETH-USDC]	L +0.0484% / S −0.0459%	1h	0.000005000	−0.120%	$58K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0517%	8h	0.000005016	+0.204%	$1.4M	$7.5M	50x	as long as short
Nado kPEPE-PERP	+0.0529%	1h	0.000005022	+0.317%	$190K	$862K	10x	as long as short
01 Exchange kPEPEUSD	+0.0544%	1h	0.000005030	+0.479%	$1K	$2K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0566%	1h	0.000005023	+0.340%	$95K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000005029	+0.459%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0748%	1h	0.000005015	+0.180%	$61K	$114K	25x	as long as short
Hyperliquid kPEPE	+0.1577%	1h	0.000005044	+0.759%	$57.4M	$128.9M	10x	as long as short