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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.028%

Price spread now: Bybit against Bitget−0.059%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days+0.019%+$2 · spread now −0.059%, 7d avg −0.055%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PEPEUSDT	0.000004721	0.0100	pay 0.0100% / 8h	10m 47s	$41.7M	$150.7M	75x
Short	Bybit 1000PEPEUSDT	0.000004718	0.0100	get 0.0100% / 8h	10m 47s	$86.5M	$293.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → −0.055%: −$0.42
Slippage, 4 orders: −$9.86
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.28
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 3 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 Bitget live order book, 3 min ago	0.95 bp	9.5 bp −$10	10.9 bp −$109	24.0 bp −$2,404	doesn't fit
Sell Bybit live order book, 3 min ago	1.06 bp	7.6 bp −$8	10.2 bp −$102	29.3 bp −$2,931	157.4 bp −$78.7K

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	−0.0311%	1h	0.000004710	−0.229%	$68.9M	$96.5M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004713	−0.169%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004712	−0.195%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0068%	1h	0.000004714	−0.151%	$3.8M	$13.8M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004717	−0.080%	$55K	$119K	10x	as long as short
Bybit 1000PEPEUSDTshort	+0.0100%	8h	0.000004718	−0.059%	$86.5M	$293.5M	50x
Gate PEPE_USDT	+0.0100%	8h	0.000004717	−0.080%	$148.8M	$64.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004721	+0.011%	$24.0M	$54.7M	75x	as long as short
Bitget PEPEUSDTlong	+0.0100%	8h	0.000004721	long leg	$41.7M	$150.7M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000004715	−0.127%	$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	0.000004726	+0.106%	$25K	$349K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004728	+0.153%	$99K	$755K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004725	+0.080%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004716	−0.102%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004719	−0.034%	$533K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0168%	1h	0.000004718	−0.059%	$568K	$6.6M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0174%	8h	0.000004717	−0.090%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004716	−0.101%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0202%	8h	0.000004721	+0.004%	$41.5M	$493.5M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0203%	8h	0.000004717	−0.091%	$2.3M	$6.5M	50x	as long as short
01 Exchange kPEPEUSD	+0.0304%	1h	0.000004718	−0.059%	$540	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0324%	8h	0.000004719	−0.038%	$3.8M	$22.2M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0357%	8h	0.000004718	−0.070%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0388% / S −0.0313%	1h	0.000004000	−15.269%	$49K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004717	−0.080%	$566K	$25.3M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004732	+0.237%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0537%	1h	0.000004715	−0.123%	$89K	$601K	15x	as long as short
BingX 1000PEPE-USDT	+0.0559%	8h	0.000004720	−0.019%	—	$257.3M	—	as long as short
Aster 1000PEPEUSDT	+0.0568%	8h	0.000004719	−0.028%	$1.5M	$7.3M	50x	as long as short
Binance 1000PEPEUSDT	+0.0575%	8h	0.000004722	+0.017%	$131.6M	$1.07B	75x	as long as short
MEXC PEPE_USDT	+0.0575%	8h	0.000004716	−0.110%	$87.7M	$282.7M	300x	as long as short
Extended 1000PEPE-USD	+0.0576%	1h	0.000004720	−0.016%	$518K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0576%	1h	0.000004719	−0.038%	$133K	—	3x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0599%	1h	0.000004714	−0.144%	$76K	$98K	25x	as long as short
Nado kPEPE-PERP	+0.0631%	1h	0.000004716	−0.106%	$178K	$849K	10x	as long as short