Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.021%

Price spread now: Extended against BingX−0.155%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.155% cheaper against BingX than usual: you would sell low and buy high (spread −0.155% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 15 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000PEPE-USDC	0.000005043	0.0605	pay 0.0605% / 8h	5h 16m	—	$2.3M	—
Short	Extended 1000PEPE-USD	0.000005036	0.0640	get 0.0080% / 1h	16m 27s	$533K	$226K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.155%Rate

Funding earned: $7.35
Price spread: −0.155% → 0.000%: −$15.53
Slippage, 4 orders: −$28.77
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$51.96
Costs to cover: 0.438%
Break-even: 56.5 days

Slippage from BingX: live order book, 7 min ago; Extended: live order book, 46 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 BingX live order book, 7 min ago	1.20 bp	12.4 bp −$12	17.2 bp −$172	79.0 bp −$7,903	223.3 bp −$111.6K
Sell Extended live order book, 46 min ago	2.95 bp	7.4 bp −$7	42.4 bp −$424	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
dYdX PEPE-USD	0.0000%	1h	0.000005028	−0.296%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005039	−0.081%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005032	−0.226%	$64K	$139K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005041	−0.046%	$97.9M	$339.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005046	+0.052%	$164.6M	$75.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005037	−0.117%	$25.9M	$63.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005020	−0.472%	$680K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005023	−0.414%	$27K	$445K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005021	−0.436%	$1K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005018	−0.496%	$571K	$3.6M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0125%	8h	0.000005039	−0.097%	$46.3M	$172.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005039	−0.087%	$8K	—	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0317%	8h	0.000005041	−0.056%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0339%	8h	0.000005043	−0.008%	$45.8M	$589.5M	50x	as long as short
BloFin PEPE-USDT	+0.0460%	8h	0.000005032	−0.226%	$4.3M	$25.1M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0556%	1h	0.000005027	−0.325%	$2K	$12K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0563%	1h	0.000005028	−0.305%	$99K	$755K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005033	−0.206%	$935K	$31.4M	50x	as long as short
BingX 1000PEPE-USDClong	+0.0605%	8h	0.000005043	long leg	—	$2.3M	—
GMX PEPE/USD [ETH-USDC]	L +0.0622% / S −0.0992%	1h	0.000005000	−0.861%	$49K	—	100x	as long as short
MEXC PEPE_USDT	+0.0637%	8h	0.000005045	+0.030%	$95.9M	$290.1M	300x	as long as short
Binance 1000PEPEUSDT	+0.0637%	8h	0.000005046	+0.059%	$141.1M	$1.21B	75x	as long as short
Extended 1000PEPE-USDshort	+0.0640%	1h	0.000005036	−0.155%	$533K	$226K	25x
Aevo 1000PEPE-PERP	+0.0640%	1h	0.000005043	−0.008%	$143K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0732%	8h	0.000005037	−0.119%	$1.8M	$9.1M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0746%	1h	0.000005026	−0.345%	$71K	$124K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0752%	8h	0.000005022	−0.434%	$2.4M	$7.1M	50x	as long as short
Nado kPEPE-PERP	+0.0792%	1h	0.000005036	−0.141%	$184K	$871K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0808%	8h	0.000005030	−0.257%	$6K	—	20x	as long as short
01 Exchange kPEPEUSD	+0.0968%	1h	0.000005045	+0.032%	$609	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0969%	1h	0.000005030	−0.268%	$97K	$627K	15x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005105	+1.221%	$4K	$102K	12x	as long as short
Lighter 1000PEPE	+0.1216%	1h	0.000005035	−0.167%	$672K	$8.1M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1384%	1h	0.000005027	−0.333%	$4.3M	$15.2M	50x	as long as short
Hyperliquid kPEPE	+0.1613%	1h	0.000005045	+0.032%	$53.9M	$139.5M	10x	as long as short