Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: KuCoin against Bitget−0.147%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$530.525% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 7 days+0.146%+$15 · spread now −0.147%, 7d avg −0.022%

Together, before fees+0.181%+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.125% cheaper against Bitget than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PEPEUSDT	0.000005037	0.0100	pay 0.0100% / 8h	7h 10m	$44.8M	$154.8M	75x
Short	KuCoin PEPEUSDTM	0.000005030	0.0100	get 0.0100% / 8h	7h 10m	$25.5M	$57.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.147%Rate

Funding earned: $0
Price spread: −0.147% → −0.022%: −$12.51
Slippage, 4 orders: −$28.51
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$65.02
Costs to cover: 0.525%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; KuCoin: 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	2.18 bp	9.3 bp −$9	11.0 bp −$110	39.0 bp −$3,902	doesn't fit
Sell KuCoin live order book, 3 min ago	2.77 bp	16.8 bp −$17	30.7 bp −$307	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
Kraken Futures PF_PEPEUSD	−0.0116%	1h	0.000005030	−0.143%	$3.9M	$14.3M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005020	−0.348%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005025	−0.234%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005027	−0.202%	$59K	$120K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005034	−0.064%	$94.8M	$309.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005031	−0.123%	$161.4M	$68.7M	75x	as long as short
KuCoin PEPEUSDTMshort	+0.0100%	8h	0.000005030	−0.147%	$25.5M	$57.4M	75x
Bitget PEPEUSDTlong	+0.0100%	8h	0.000005037	long leg	$44.8M	$154.8M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000005026	−0.229%	$588K	$4.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005071	+0.673%	$53K	$381K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005033	−0.075%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005031	−0.123%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005027	−0.195%	$563K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005022	−0.296%	$2.4M	$6.8M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005030	−0.148%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0198%	8h	0.000005035	−0.044%	$44.7M	$543.7M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0209%	1h	0.000005072	+0.691%	$105K	$750K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0265%	8h	0.000005024	−0.269%	$6K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0273%	8h	0.000005030	−0.137%	$31K	$14K	20x	as long as short
BloFin PEPE-USDT	+0.0315%	8h	0.000005031	−0.123%	$4.1M	$24.2M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000005033	−0.083%	$512K	$27.9M	50x	as long as short
BingX 1000PEPE-USDT	+0.0459%	8h	0.000005033	−0.083%	—	$257.6M	—	as long as short
Binance 1000PEPEUSDT	+0.0476%	8h	0.000005036	−0.021%	$139.6M	$1.12B	75x	as long as short
MEXC PEPE_USDT	+0.0479%	8h	0.000005025	−0.244%	$99.3M	$290.8M	300x	as long as short
Extended 1000PEPE-USD	+0.0480%	1h	0.000005041	+0.081%	$552K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000004976	−1.215%	$141K	—	3x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0492% / S −0.0454%	1h	0.000005000	−0.739%	$59K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0527%	8h	0.000005032	−0.105%	$1.5M	$7.5M	50x	as long as short
Lighter 1000PEPE	+0.0528%	1h	0.000005038	+0.016%	$653K	$6.8M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0546%	1h	0.000005030	−0.143%	$61K	$114K	25x	as long as short
Nado kPEPE-PERP	+0.0561%	1h	0.000005029	−0.172%	$188K	$861K	10x	as long as short
01 Exchange kPEPEUSD	+0.0608%	1h	0.000005037	−0.004%	$1K	$2K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0612%	1h	0.000005034	−0.073%	$95K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000005043	+0.115%	$4K	$102K	12x	as long as short
Hyperliquid kPEPE	+0.1985%	1h	0.000005056	+0.373%	$56.6M	$131.8M	10x	as long as short