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% APRpaid last 24h −0.026%

Price spread now: Bitget against ApeX Omni−0.074%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$450.445% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 3 days (all we have)−0.035%−$4 · spread now −0.074%, 7d avg +0.032%

Together, before fees−0.119%−$12 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: Bitget is 0.106% cheaper against ApeX Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000PEPEUSDT	0.000004722	0.0100	pay 0.0013% / 1h	7m 37s	$99K	$754K	25x
Short	Bitget PEPEUSDT	0.000004718	0.0100	get 0.0100% / 8h	7m 37s	$41.7M	$150.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → +0.032%: −$10.59
Slippage, 4 orders: −$22.52
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$55.11
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 6 min ago; Bitget: 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 ApeX Omni live order book, 6 min ago	4.34 bp	11.7 bp −$12	94.5 bp −$945	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.38 bp	9.7 bp −$10	10.6 bp −$106	23.1 bp −$2,311	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	−0.0337%	1h	0.000004720	−0.042%	$69.6M	$96.6M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004716	−0.121%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004727	+0.110%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004731	+0.181%	$3.8M	$13.8M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004724	+0.042%	$55K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004722	0.000%	$86.8M	$294.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004717	−0.106%	$149.4M	$65.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004730	+0.180%	$24.1M	$54.8M	75x	as long as short
Bitget PEPEUSDTshort	+0.0100%	8h	0.000004718	−0.074%	$41.7M	$150.8M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000004715	−0.152%	$567K	$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	+0.007%	$25K	$350K	20x	as long as short
ApeX Omni 1000PEPEUSDTlong	+0.0100%	1h	0.000004722	long leg	$99K	$754K	25x
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004736	+0.296%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004733	+0.233%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004731	+0.182%	$534K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0168%	1h	0.000004726	+0.085%	$570K	$6.6M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0177%	8h	0.000004725	+0.057%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004729	+0.157%	$7K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0193%	8h	0.000004734	+0.260%	$2.3M	$6.5M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0205%	8h	0.000004723	+0.021%	$41.9M	$494.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0312%	1h	0.000004714	−0.169%	$540	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0324%	8h	0.000004725	+0.064%	$3.9M	$22.2M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0352%	8h	0.000004731	+0.188%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0389% / S −0.0314%	1h	0.000004000	−15.290%	$49K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004731	+0.191%	$563K	$25.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004726	+0.085%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0530%	1h	0.000004735	+0.269%	$92K	$603K	15x	as long as short
BingX 1000PEPE-USDT	+0.0548%	8h	0.000004713	−0.197%	—	$257.3M	—	as long as short
Aster 1000PEPEUSDT	+0.0559%	8h	0.000004721	−0.016%	$1.5M	$7.3M	50x	as long as short
Extended 1000PEPE-USD	+0.0568%	1h	0.000004718	−0.094%	$518K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0568%	8h	0.000004720	−0.044%	$88.7M	$283.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0568%	8h	0.000004713	−0.183%	$131.9M	$1.07B	75x	as long as short
Aevo 1000PEPE-PERP	+0.0576%	1h	0.000004730	+0.169%	$134K	—	3x	as long as short
Nado kPEPE-PERP	+0.0614%	1h	0.000004729	+0.149%	$179K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0808%	1h	0.000004732	+0.212%	$76K	$98K	25x	as long as short