Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Extended against Aevo−0.018%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,159as in the Price arb table

costs, in and out, $10k−$1,16111.609% of the position

Long on Aevo Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 3 days (all we have)−0.193%−$19 · spread now −0.018%, 7d avg −0.033%

Together, before fees−0.182%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo 1000PEPE-PERP	0.000004730	0.0568	pay 0.0071% / 1h	6m 17s	$134K	—	3x
Short	Extended 1000PEPE-USD	0.000004729	0.0568	get 0.0071% / 1h	6m 17s	$518K	$148K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → −0.033%: $1.54
Slippage, 4 orders: −$1,139.89
Fee Aevo: 8 bp × 2 orders: −$16
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$1,159.36
Costs to cover: 11.609%
Break-even: never at this rate

Slippage from Aevo: live order book, 7 min ago; Extended: live order book, 7 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, 7 min ago	273.02 bp	579.1 bp −$579	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 7 min ago	3.17 bp	7.8 bp −$8	46.4 bp −$464	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	−0.0334%	1h	0.000004724	−0.127%	$68.5M	$98.9M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004727	−0.055%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004724	−0.123%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004728	−0.036%	$3.8M	$13.9M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004727	−0.063%	$55K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004727	−0.072%	$86.9M	$294.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004728	−0.042%	$149.8M	$65.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004732	+0.047%	$24.1M	$54.8M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004728	−0.032%	$41.8M	$151.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004725	−0.109%	$544K	$4.2M	—	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	0.000004722	−0.162%	$25K	$350K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004722	−0.169%	$99K	$754K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004736	+0.131%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004730	0.000%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004714	−0.332%	$532K	$3.5M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0177%	8h	0.000004731	+0.018%	$5K	$16	20x	as long as short
Lighter 1000PEPE	+0.0184%	1h	0.000004732	+0.042%	$571K	$6.6M	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004729	−0.018%	$7K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0192%	8h	0.000004729	−0.030%	$2.3M	$6.5M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0198%	8h	0.000004729	−0.021%	$42.0M	$495.5M	50x	as long as short
01 Exchange kPEPEUSD	+0.0312%	1h	0.000004735	+0.106%	$542	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0325%	8h	0.000004730	0.000%	$3.9M	$22.3M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0348%	8h	0.000004727	−0.061%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0391% / S −0.0429%	1h	0.000004000	−15.433%	$43K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004711	−0.402%	$568K	$25.3M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004728	−0.042%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0526%	1h	0.000004731	+0.011%	$92K	$603K	15x	as long as short
Aster 1000PEPEUSDT	+0.0558%	8h	0.000004729	−0.015%	$1.5M	$7.3M	50x	as long as short
BingX 1000PEPE-USDC	+0.0559%	8h	0.000004723	−0.144%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0566%	8h	0.000004730	+0.004%	$132.3M	$1.07B	75x	as long as short
Extended 1000PEPE-USDshort	+0.0568%	1h	0.000004729	−0.018%	$518K	$148K	25x
MEXC PEPE_USDT	+0.0568%	8h	0.000004732	+0.040%	$88.4M	$283.4M	300x	as long as short
Aevo 1000PEPE-PERPlong	+0.0568%	1h	0.000004730	long leg	$134K	—	3x
Nado kPEPE-PERP	+0.0609%	1h	0.000004733	+0.069%	$179K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0808%	1h	0.000004729	−0.021%	$76K	$98K	25x	as long as short