Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0464%/8h= +50.8% APRpaid last 24h +0.065%

Price spread now: 01 Exchange against BloFin+0.574%7-day average — · you sell dearer than you buy

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

Long on BloFin 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

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and 01 Exchange is 0.574% dearer against BloFin than usual: you sell high and buy low: +$57 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	BloFin PEPE-USDT	0.000005048	0.0480	pay 0.0480% / 8h	4h 44m	$4.4M	$25.3M	75x
Short	01 Exchange kPEPEUSD	0.000005077	0.0944	get 0.0118% / 1h	44m 38s	$612	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against BloFin. 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 BloFinbpFee 01 ExchangebpOrdersPrice spread, now +0.574%Rate

Funding earned: $97.49
Price spread: +0.574% → 0.000%: $57.45
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $135.94
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: BloFin: 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 BloFin live order book, 4 min ago	4.99 bp	11.0 bp −$11	14.2 bp −$142	34.8 bp −$3,484	85.0 bp −$42.5K
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	0.000005055	+0.139%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005042	−0.115%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005064	+0.317%	$64K	$140K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005063	+0.293%	$99.1M	$345.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005062	+0.277%	$167.1M	$75.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005062	+0.271%	$26.2M	$63.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005034	−0.286%	$675K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005021	−0.542%	$31K	$452K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005051	+0.061%	$1K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005051	+0.069%	$575K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0166%	8h	0.000005072	+0.468%	$46.4M	$174.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005069	+0.420%	$8K	—	15x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005044	−0.079%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0332%	8h	0.000005053	+0.109%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0362%	8h	0.000005070	+0.436%	$45.4M	$598.8M	50x	as long as short
BloFin PEPE-USDTlong	+0.0480%	8h	0.000005048	long leg	$4.4M	$25.3M	75x
SoDEX 1000PEPE-USD	+0.0565%	1h	0.000005051	+0.059%	$2K	$12K	10x	as long as short
BingX 1000PEPE-USDC	+0.0635%	8h	0.000005065	+0.333%	—	$2.3M	—	as long as short
Phemex u1000PEPEUSDT	+0.0637%	8h	0.000005052	+0.079%	$2.4M	$7.1M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0663%	1h	0.000005021	−0.535%	$100K	$742K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0665% / S −0.0915%	1h	0.000005000	−0.951%	$45K	—	100x	as long as short
Aevo 1000PEPE-PERP	+0.0672%	1h	0.000005050	+0.040%	$143K	—	3x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005046	−0.040%	$970K	$31.8M	50x	as long as short
MEXC PEPE_USDT	+0.0676%	8h	0.000005067	+0.374%	$92.8M	$287.2M	300x	as long as short
Binance 1000PEPEUSDT	+0.0676%	8h	0.000005070	+0.429%	$142.8M	$1.22B	75x	as long as short
Extended 1000PEPE-USD	+0.0680%	1h	0.000005065	+0.337%	$535K	$226K	25x	as long as short
Aster 1000PEPEUSDT	+0.0770%	8h	0.000005062	+0.285%	$1.8M	$9.2M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0793%	8h	0.000005060	+0.244%	$6K	—	20x	as long as short
Nado kPEPE-PERP	+0.0802%	1h	0.000005069	+0.414%	$192K	$877K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0822%	1h	0.000005054	+0.119%	$98K	$644K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0940%	1h	0.000005050	+0.040%	$71K	$124K	25x	as long as short
01 Exchange kPEPEUSDshort	+0.0944%	1h	0.000005077	+0.574%	$612	$3K	10x
Lighter 1000PEPE	+0.0952%	1h	0.000005066	+0.357%	$579K	$8.2M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1290%	1h	0.000005048	+0.003%	$4.4M	$15.4M	50x	as long as short
Hyperliquid kPEPE	+0.1426%	1h	0.000005058	+0.198%	$54.1M	$140.1M	10x	as long as short