Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0209%/8h= −22.9% APRpaid last 24h +0.055%

Price spread now: 01 Exchange against BingX+0.024%7-day average — · you sell dearer than you buy

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

Long on BingX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. 01 Exchange is 0.024% dearer against BingX than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000PEPE-USDC	0.000004958	0.0329	pay 0.0329% / 8h	5h 57m	—	$2.3M	—
Short	01 Exchange kPEPEUSD	0.000004959	0.0120	get 0.0015% / 1h	57m 59s	$598	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.024%Rate

Funding earned: −$43.89
Price spread: +0.024% → 0.000%: $2.42
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$58.47
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 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 BingX live order book, 4 min ago	0.50 bp	13.4 bp −$13	19.4 bp −$194	83.9 bp −$8,394	262.1 bp −$131.1K
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 exchanges

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
Kraken Futures PF_PEPEUSD	−0.0370%	1h	0.000004954	−0.085%	$4.6M	$16.5M	50x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004956	−0.028%	$3K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004959	+0.024%	$596K	$9.0M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004956	−0.036%	$50.2M	$156.1M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004964	+0.125%	$57K	$195K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004956	−0.042%	$94.1M	$440.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004955	−0.056%	$154.3M	$101.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004954	−0.067%	$25.0M	$75.6M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004954	−0.083%	$45.1M	$224.0M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004954	−0.085%	$76K	$988K	15x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 1000PEPE	+0.0100%	8h	0.000004972	+0.293%	$646K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004974	+0.329%	$27K	$571K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004976	+0.367%	$144K	$850K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004967	+0.182%	$1K	$2.5M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004956	−0.036%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004961	+0.073%	$582K	$4.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004959	+0.026%	$2.3M	$8.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0112%	8h	0.000004964	+0.124%	$6K	—	20x	as long as short
01 Exchange kPEPEUSDshort	+0.0120%	1h	0.000004959	+0.024%	$598	$2K	10x
OKX PEPE-USDT-SWAP	+0.0152%	8h	0.000004957	−0.016%	$44.6M	$722.2M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0154%	1h	0.000004956	−0.036%	$57K	$115K	25x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004956	−0.034%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0274%	8h	0.000004975	+0.347%	$4.3M	$28.8M	75x	as long as short
Injective PEPE/USDC PERP	+0.0284%	1h	0.000004983	+0.508%	$5K	$122K	12x	as long as short
Extended 1000PEPE-USD	+0.0304%	1h	0.000004956	−0.044%	$522K	$285K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0304%	1h	0.000004958	+0.004%	$140K	—	3x	as long as short
MEXC PEPE_USDT	+0.0307%	8h	0.000004953	−0.103%	$101.6M	$294.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0307%	8h	0.000004956	−0.037%	$128.1M	$1.52B	75x	as long as short
Aster 1000PEPEUSDT	+0.0310%	8h	0.000004959	+0.016%	$1.8M	$12.4M	50x	as long as short
Nado kPEPE-PERP	+0.0326%	1h	0.000004958	−0.005%	$136K	$936K	10x	as long as short
BingX 1000PEPE-USDClong	+0.0329%	8h	0.000004958	long leg	—	$2.3M	—
Orderly PERP_1000PEPE_USDC	+0.0354%	8h	0.000004958	+0.006%	$32K	$30K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004957	−0.016%	$691K	$38.5M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0839% / S −0.0953%	1h	0.000004000	−19.319%	$51K	—	100x	as long as short
dYdX PEPE-USD	+0.6623%	1h	0.000004977	+0.386%	$25K	$18K	10x	as long as short