Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0346%/8h= −37.9% APRpaid last 24h +0.026%

Price spread now: Reya against BingX−0.008%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000PEPE-USDT	0.000004775	0.0535	pay 0.0535% / 8h	0m 26s	—	$257.5M	—
Short	Reya kPEPERUSDPERP	0.000004774	0.0189	get 0.0024% / 1h	0m 26s	$7K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.008%Rate

Funding earned: −$72.73
Price spread: −0.008% → 0.000%: −$0.81
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$89.54
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 14 min ago; Reya: 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 BingX live order book, 14 min ago	0.11 bp	5.1 bp −$5	8.1 bp −$81	17.4 bp −$1,741	42.7 bp −$21.3K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Hyperliquid kPEPE	−0.0333%	1h	0.000004766	−0.184%	$69.4M	$100.1M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004772	−0.063%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004770	−0.101%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004766	−0.179%	$3.9M	$13.9M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004775	+0.004%	$56K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004771	−0.080%	$87.5M	$295.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004770	−0.101%	$150.8M	$65.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004772	−0.052%	$24.2M	$54.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004775	0.000%	$42.2M	$151.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004764	−0.229%	$552K	$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	0.000004764	−0.231%	$25K	$352K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004762	−0.268%	$100K	$755K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004772	−0.057%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004768	−0.142%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004771	−0.069%	$539K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0156%	8h	0.000004770	−0.090%	$2.3M	$6.5M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0179%	8h	0.000004776	+0.017%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERPshort	+0.0189%	1h	0.000004774	−0.008%	$7K	—	15x
OKX PEPE-USDT-SWAP	+0.0192%	8h	0.000004773	−0.038%	$42.7M	$501.5M	50x	as long as short
Lighter 1000PEPE	+0.0192%	1h	0.000004778	+0.067%	$577K	$6.6M	10x	as long as short
BloFin PEPE-USDT	+0.0314%	8h	0.000004771	−0.080%	$3.9M	$22.6M	75x	as long as short
01 Exchange kPEPEUSD	+0.0320%	1h	0.000004776	+0.025%	$547	$2K	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0342%	8h	0.000004774	−0.006%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0398% / S −0.0439%	1h	0.000004000	−16.227%	$43K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004773	−0.038%	$559K	$25.7M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004746	−0.603%	$4K	$102K	12x	as long as short
BingX 1000PEPE-USDTlong	+0.0535%	8h	0.000004775	long leg	—	$257.5M	—
Backpack kPEPE_USDC_PERP	+0.0536%	1h	0.000004769	−0.115%	$93K	$603K	15x	as long as short
Aster 1000PEPEUSDT	+0.0549%	8h	0.000004775	+0.010%	$1.5M	$7.3M	50x	as long as short
Extended 1000PEPE-USD	+0.0552%	1h	0.000004775	−0.005%	$524K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0554%	8h	0.000004778	+0.073%	$90.8M	$283.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0555%	8h	0.000004774	−0.012%	$134.3M	$1.07B	75x	as long as short
Aevo 1000PEPE-PERP	+0.0560%	1h	0.000004769	−0.121%	$135K	—	3x	as long as short
Nado kPEPE-PERP	+0.0577%	1h	0.000004775	−0.001%	$180K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0589%	1h	0.000004769	−0.121%	$77K	$98K	25x	as long as short