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 +0.001%

Price spread now: KuCoin against Bybit+0.075%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.075%, 7d avg +0.034%

Together, before fees+0.046%+$5 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 0.041% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000PEPEUSDT	0.000004921	0.0100	pay 0.0100% / 8h	7h 36m	$90.2M	$301.1M	50x
Short	KuCoin PEPEUSDTM	0.000004925	0.0100	get 0.0100% / 8h	7h 36m	$25.2M	$55.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → +0.034%: $4.15
Slippage, 4 orders: −$19.13
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$37.98
Costs to cover: 0.421%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 2 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, 3 min ago	1.02 bp	7.7 bp −$8	12.9 bp −$129	33.4 bp −$3,344	doesn't fit
Sell KuCoin live order book, 2 min ago	0.82 bp	14.6 bp −$15	23.3 bp −$233	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	−0.0119%	1h	0.000004934	+0.256%	$4.0M	$13.9M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004922	+0.022%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004928	+0.142%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004929	+0.163%	$58K	$119K	10x	as long as short
Bybit 1000PEPEUSDTlong	+0.0100%	8h	0.000004921	long leg	$90.2M	$301.1M	50x
Gate PEPE_USDT	+0.0100%	8h	0.000004925	+0.081%	$156.1M	$65.6M	75x	as long as short
KuCoin PEPEUSDTMshort	+0.0100%	8h	0.000004925	+0.075%	$25.2M	$55.8M	75x
Bitget PEPEUSDT	+0.0100%	8h	0.000004927	+0.116%	$43.2M	$151.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004891	−0.615%	$572K	$4.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004900	−0.431%	$26K	$352K	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	0.000004942	+0.421%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004933	+0.244%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004930	+0.181%	$560K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004923	+0.035%	$2.4M	$6.6M	50x	as long as short
Hyperliquid kPEPE	+0.0133%	1h	0.000004935	+0.284%	$59.2M	$113.2M	10x	as long as short
OKX PEPE-USDT-SWAP	+0.0188%	8h	0.000004929	+0.163%	$43.3M	$521.5M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004936	+0.296%	$7K	—	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0196%	8h	0.000004929	+0.158%	$6K	$16	20x	as long as short
Lighter 1000PEPE	+0.0248%	1h	0.000004932	+0.224%	$577K	$6.7M	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0300%	8h	0.000004927	+0.120%	$30K	$13K	20x	as long as short
BloFin PEPE-USDT	+0.0307%	8h	0.000004937	+0.325%	$4.0M	$23.4M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004939	+0.366%	$591K	$26.7M	50x	as long as short
Nado kPEPE-PERP	+0.0411%	1h	0.000004938	+0.338%	$193K	$852K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0439%	1h	0.000004899	−0.447%	$101K	$753K	25x	as long as short
01 Exchange kPEPEUSD	+0.0456%	1h	0.000004928	+0.142%	$1K	$2K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0460% / S −0.0686%	1h	0.000004000	−18.716%	$46K	—	100x	as long as short
BingX 1000PEPE-USDC	+0.0504%	8h	0.000004926	+0.100%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0507%	8h	0.000004924	+0.063%	$138.0M	$1.09B	75x	as long as short
MEXC PEPE_USDT	+0.0508%	8h	0.000004931	+0.211%	$97.8M	$282.5M	300x	as long as short
Extended 1000PEPE-USD	+0.0512%	1h	0.000004925	+0.090%	$541K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0512%	1h	0.000004930	+0.183%	$139K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0532%	8h	0.000004929	+0.160%	$1.5M	$7.5M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0577%	1h	0.000004937	+0.319%	$92K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004915	−0.122%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0968%	1h	0.000004931	+0.203%	$70K	$107K	25x	as long as short