PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.33 per $10,000 · paid last 24h +0.028%

Price spread now: Bitget against Bybit−0.010%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$360.361% of the position

Long on Bybit Short on Bitget

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+0.044%+$4 · spread now −0.010%, 7d avg +0.055%

Together, before fees+0.083%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.065% cheaper against Bybit than usual: you would sell low and buy high (spread −0.010% now, against its 7-day average of +0.055%). If the spread goes back, that is −$7 on $10k: about 6.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000PEPEUSDT	0.000004808	0.0100	pay 0.0100% / 8h	1h 22m	$87.1M	$281.7M	50x
Short	Bitget PEPEUSDT	0.000004808	0.0133	get 0.0133% / 8h	1h 22m	$42.2M	$152.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.010%Rate

Funding earned: $6.93
Price spread: −0.010% → +0.055%: −$6.54
Slippage, 4 orders: −$13.1
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$35.71
Costs to cover: 0.361%
Break-even: 43.1 days

Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 1 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 Bybit live order book, 1 min ago	1.04 bp	8.8 bp −$9	12.7 bp −$127	33.4 bp −$3,338	doesn't fit
Sell Bitget live order book, 1 min ago	1.77 bp	9.7 bp −$10	10.7 bp −$107	14.4 bp −$1,440	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
dYdX PEPE-USD	0.0000%	1h	0.000004800	−0.170%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004801	−0.144%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004807	−0.021%	$664K	$5.8M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004805	−0.062%	$62.8M	$80.3M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004806	−0.042%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDTlong	+0.0100%	8h	0.000004808	long leg	$87.1M	$281.7M	50x
Gate PEPE_USDT	+0.0100%	8h	0.000004804	−0.083%	$150.1M	$63.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004808	0.000%	$24.8M	$54.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004813	+0.102%	$537K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004812	+0.093%	$27K	$343K	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	0.000004813	+0.096%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004807	−0.021%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004806	−0.033%	$542K	$3.5M	75x	as long as short
Bitget PEPEUSDTshort	+0.0133%	8h	0.000004808	−0.010%	$42.2M	$152.0M	75x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004806	−0.051%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0206%	8h	0.000004811	+0.062%	$41.8M	$492.4M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0211% / S −0.0091%	1h	0.000004000	−16.805%	$54K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0320%	8h	0.000004804	−0.074%	$5K	$16	20x	as long as short
BloFin PEPE-USDT	+0.0327%	8h	0.000004808	0.000%	$3.9M	$22.1M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0377%	8h	0.000004804	−0.073%	$2.3M	$6.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0416%	1h	0.000004807	−0.021%	$551	$2K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004803	−0.104%	$592K	$25.6M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0449%	8h	0.000004805	−0.062%	$29K	$11K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0578%	1h	0.000004809	+0.017%	$92K	$615K	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0605%	1h	0.000004813	+0.104%	$102K	$763K	25x	as long as short
Nado kPEPE-PERP	+0.0757%	1h	0.000004804	−0.083%	$185K	$853K	10x	as long as short
BingX 1000PEPE-USDT	+0.0766%	8h	0.000004807	−0.027%	—	$256.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0788%	8h	0.000004811	+0.069%	$130.4M	$1.04B	75x	as long as short
MEXC PEPE_USDT	+0.0791%	8h	0.000004807	−0.019%	$91.3M	$284.8M	300x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0791%	1h	0.000004808	0.000%	$81K	$94K	25x	as long as short
Extended 1000PEPE-USD	+0.0792%	1h	0.000004810	+0.032%	$529K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000004808	0.000%	$136K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0810%	8h	0.000004811	+0.055%	$1.5M	$7.1M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004815	+0.146%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1327%	1h	0.000004805	−0.053%	$3.9M	$13.3M	50x	as long as short