Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0414%/8h= +45.3% APRpaid last 24h +0.080%

Price spread now: 01 Exchange against Binance+0.334%7-day average — · you sell dearer than you buy

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

Long on Binance Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and 01 Exchange is 0.334% dearer against Binance than usual: you sell high and buy low: +$33 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000PEPEUSDT	0.000004796	0.0818	pay 0.0818% / 8h	2h 31m	$127.5M	$1.02B	75x
Short	01 Exchange kPEPEUSD	0.000004812	0.1232	get 0.0154% / 1h	31m 49s	$551	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Binance. 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 BinancebpFee 01 ExchangebpOrdersPrice spread, now +0.334%Rate

Funding earned: $86.91
Price spread: +0.334% → 0.000%: $33.36
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $103.28
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Binance: live order book, 12 min ago; 01 Exchange: no order-book sample. 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 Binance live order book, 12 min ago	0.31 bp	8.6 bp −$9	13.5 bp −$135	37.9 bp −$3,789	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.000004800	+0.078%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004789	−0.136%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004793	−0.063%	$56.8M	$70.1M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004806	+0.209%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004789	−0.152%	$88.4M	$273.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004790	−0.125%	$148.5M	$61.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004793	−0.063%	$23.7M	$52.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004799	+0.069%	$705K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004804	+0.161%	$27K	$338K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004810	+0.302%	$2K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000004799	+0.065%	$553K	$3.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0131%	8h	0.000004794	−0.042%	$41.2M	$487.2M	50x	as long as short
Bitget PEPEUSDT	+0.0171%	8h	0.000004793	−0.069%	$43.1M	$152.2M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004798	+0.041%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0245%	8h	0.000004812	+0.334%	$3.9M	$21.7M	75x	as long as short
Lighter 1000PEPE	+0.0304%	1h	0.000004793	−0.063%	$590K	$5.1M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0217%	1h	0.000004000	−16.597%	$52K	—	100x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0379%	8h	0.000004792	−0.085%	$29K	$11K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0381%	8h	0.000004806	+0.215%	$5K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004801	+0.104%	$575K	$25.3M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0471%	8h	0.000004791	−0.108%	$2.3M	$6.3M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0486%	1h	0.000004791	−0.100%	$95K	$622K	15x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004814	+0.375%	$4K	$92K	12x	as long as short
SoDEX 1000PEPE-USD	+0.0655%	1h	0.000004790	−0.125%	$2K	$9K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0670%	1h	0.000004816	+0.417%	$100K	$758K	25x	as long as short
Nado kPEPE-PERP	+0.0683%	1h	0.000004800	+0.091%	$179K	$859K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0765%	1h	0.000004789	−0.146%	$3.9M	$13.0M	50x	as long as short
BingX 1000PEPE-USDT	+0.0774%	8h	0.000004796	+0.008%	—	$254.9M	—	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0794%	1h	0.000004793	−0.063%	$81K	$94K	25x	as long as short
MEXC PEPE_USDT	+0.0814%	8h	0.000004794	−0.044%	$90.1M	$289.9M	300x	as long as short
Extended 1000PEPE-USD	+0.0816%	1h	0.000004792	−0.090%	$526K	$147K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0816%	1h	0.000004795	−0.021%	$136K	—	3x	as long as short
Binance 1000PEPEUSDTlong	+0.0818%	8h	0.000004796	long leg	$127.5M	$1.02B	75x
Aster 1000PEPEUSDT	+0.0859%	8h	0.000004794	−0.041%	$1.5M	$6.7M	50x	as long as short
01 Exchange kPEPEUSDshort	+0.1232%	1h	0.000004812	+0.334%	$551	$2K	10x