Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1372%/8h= +150.2% APRpaid last 24h +0.065%

Price spread now: 01 Exchange against Bitget+0.582%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on 01 Exchange

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—needs both histories

Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and 01 Exchange is 0.582% dearer against Bitget than usual: you sell high and buy low: +$58 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PEPEUSDT	0.000004879	0.0172	pay 0.0172% / 8h	2h 46m	$44.8M	$150.8M	75x
Short	01 Exchange kPEPEUSD	0.000004907	0.1544	get 0.0193% / 1h	46m 00s	$562	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.582%Rate

Funding earned: $288.12
Price spread: +0.582% → 0.000%: $58.21
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $327.33
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	2.45 bp	9.2 bp −$9	10.5 bp −$105	22.2 bp −$2,220	doesn't fit
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 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	0.000004897	+0.378%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004876	−0.049%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004881	+0.049%	$56.7M	$68.8M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004900	+0.439%	$57K	$109K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004877	−0.025%	$89.1M	$271.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004883	+0.090%	$149.0M	$60.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004887	+0.172%	$25.2M	$51.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004845	−0.698%	$708K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004879	−0.001%	$27K	$337K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004890	+0.230%	$2K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000004885	+0.137%	$555K	$3.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0112%	8h	0.000004881	+0.049%	$42.1M	$494.1M	50x	as long as short
Bitget PEPEUSDTlong	+0.0172%	8h	0.000004879	long leg	$44.8M	$150.8M	75x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004886	+0.151%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0230%	8h	0.000004894	+0.316%	$4.0M	$21.8M	75x	as long as short
Lighter 1000PEPE	+0.0240%	1h	0.000004880	+0.029%	$570K	$5.0M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0320% / S −0.0217%	1h	0.000004000	−18.009%	$53K	—	100x	as long as short
Backpack kPEPE_USDC_PERP	+0.0322%	1h	0.000004882	+0.059%	$106K	$619K	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0349%	8h	0.000004899	+0.415%	$5K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0357%	8h	0.000004884	+0.109%	$30K	$10K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0419%	8h	0.000004884	+0.119%	$2.3M	$6.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004876	−0.053%	$595K	$25.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004908	+0.603%	$4K	$92K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0570%	1h	0.000004882	+0.070%	$82K	$94K	25x	as long as short
SoDEX 1000PEPE-USD	+0.0629%	1h	0.000004880	+0.029%	$2K	$9K	10x	as long as short
Nado kPEPE-PERP	+0.0638%	1h	0.000004890	+0.228%	$182K	$866K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0751%	1h	0.000004877	−0.024%	$3.9M	$12.8M	50x	as long as short
BingX 1000PEPE-USDT	+0.0754%	8h	0.000004883	+0.086%	—	$254.5M	—	as long as short
ApeX Omni 1000PEPEUSDT	+0.0766%	1h	0.000004850	−0.586%	$101K	$757K	25x	as long as short
MEXC PEPE_USDT	+0.0798%	8h	0.000004880	+0.027%	$92.3M	$287.5M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000004884	+0.111%	$138K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0805%	8h	0.000004880	+0.034%	$128.9M	$1.01B	75x	as long as short
Extended 1000PEPE-USD	+0.0808%	1h	0.000004879	+0.007%	$538K	$146K	25x	as long as short
Aster 1000PEPEUSDT	+0.0868%	8h	0.000004883	+0.082%	$1.6M	$6.7M	50x	as long as short
01 Exchange kPEPEUSDshort	+0.1544%	1h	0.000004907	+0.582%	$562	$2K	10x