Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.036%

Price spread now: MEXC against Aevo−0.075%7-day average +0.025% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.156%−$16 · spread now −0.075%, 7d avg +0.025%

Together, before fees−0.193%−$19 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: MEXC is 0.100% cheaper against Aevo than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo 1000PEPE-PERP	0.000005211	0.0736	pay 0.0092% / 1h	26m 01s	$147K	—	3x
Short	MEXC PEPE_USDT	0.000005207	0.0738	get 0.0738% / 8h	4h 26m	$98.8M	$290.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0.42
Price spread: −0.075% → +0.025%: −$10.03
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee MEXC: 0 bp × 2 orders: $0
Net: −$25.61
Costs to cover: 0.160%
Break-even: 433.9 days

Slippage unknown: Aevo: live order book, 33 min ago; MEXC: live order book, 3 min ago. Net counts fees only.

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, 33 min ago	695.47 bp	936.0 bp −$936	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.38 bp	1.2 bp −$1	14.0 bp −$140	49.2 bp −$4,924	73.5 bp −$36.8K

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	0.000005199	−0.231%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005194	−0.328%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005207	−0.077%	$66K	$144K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005194	−0.332%	$101.3M	$354.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005202	−0.173%	$174.5M	$79.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005198	−0.257%	$26.3M	$65.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005200	−0.220%	$761K	$4.8M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005196	−0.285%	$37K	$459K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005209	−0.033%	$1K	$2.5M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005200	−0.209%	$590K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005214	+0.048%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0198%	8h	0.000005199	−0.240%	$48.1M	$178.6M	75x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005173	−0.729%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0347%	8h	0.000005208	−0.048%	$34K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0378%	8h	0.000005199	−0.230%	$49.2M	$629.1M	50x	as long as short
BloFin PEPE-USDT	+0.0497%	8h	0.000005214	+0.058%	$4.4M	$26.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0539%	8h	0.000005206	−0.096%	$2.6M	$7.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005200	−0.211%	$1.0M	$33.4M	50x	as long as short
BingX 1000PEPE-USDT	+0.0697%	8h	0.000005207	−0.083%	—	$262.7M	—	as long as short
Aevo 1000PEPE-PERPlong	+0.0736%	1h	0.000005211	long leg	$147K	—	3x
MEXC PEPE_USDTshort	+0.0738%	8h	0.000005207	−0.075%	$98.8M	$290.4M	300x
Binance 1000PEPEUSDT	+0.0741%	8h	0.000005202	−0.182%	$149.7M	$1.25B	75x	as long as short
Extended 1000PEPE-USD	+0.0744%	1h	0.000005207	−0.071%	$550K	$226K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0775% / S −0.1561%	1h	0.000005000	−4.049%	$64K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0813%	8h	0.000005200	−0.211%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0834%	1h	0.000005220	+0.173%	$104K	$743K	25x	as long as short
Nado kPEPE-PERP	+0.0841%	1h	0.000005215	+0.074%	$194K	$897K	10x	as long as short
Aster 1000PEPEUSDT	+0.0850%	8h	0.000005210	−0.013%	$1.9M	$9.5M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0859%	1h	0.000005209	−0.038%	$2K	$10K	10x	as long as short
Lighter 1000PEPE	+0.0872%	1h	0.000005212	+0.019%	$599K	$8.3M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0904%	1h	0.000005206	−0.096%	$74K	$125K	25x	as long as short
01 Exchange kPEPEUSD	+0.1160%	1h	0.000005192	−0.365%	$626	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1168%	1h	0.000005207	−0.075%	$99K	$666K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1250%	1h	0.000005209	−0.030%	$4.7M	$15.9M	50x	as long as short
Hyperliquid kPEPE	+0.1592%	1h	0.000005213	+0.038%	$56.2M	$141.8M	10x	as long as short