Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: Gate against edgeX−0.017%67s7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.356% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 3 days (all we have)−0.133%−$13 · spread now −0.017%, 7d avg −0.007%

Together, before fees−0.216%+ Points / potential airdropedgeX: Active · farm board−$22 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX 1000PEPEUSDC	0.000004726	0.0100	pay 0.0050% / 4h	8m 15s	$25K	$349K	20x
Short	Gate PEPE_USDT	0.000004725	0.0100	get 0.0100% / 8h	8m 15s	$149.3M	$65.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against edgeX. 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 edgeXbpFee GatebpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → −0.007%: −$1.05
Slippage, 4 orders: −$11.63
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.68
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; Gate: live order book, 6 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 edgeX live order book, 5 min ago	0.85 bp	5.5 bp −$5	9.0 bp −$90	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	1.06 bp	10.6 bp −$11	18.3 bp −$183	56.9 bp −$5,695	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
Hyperliquid kPEPE	−0.0329%	1h	0.000004719	−0.144%	$69.6M	$96.5M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004722	−0.074%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004727	+0.029%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004731	+0.100%	$3.8M	$13.8M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004724	−0.038%	$55K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004729	+0.067%	$86.9M	$293.8M	50x	as long as short
Gate PEPE_USDTshort	+0.0100%	8h	0.000004725	−0.017%	$149.3M	$65.0M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004728	+0.036%	$24.0M	$54.7M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004732	+0.131%	$41.9M	$150.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004715	−0.233%	$567K	$4.2M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDClong	+0.0100%	4h	0.000004726	long leg	$25K	$349K	20x
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004728	+0.046%	$99K	$755K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004736	+0.215%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004733	+0.152%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004731	+0.101%	$534K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0168%	1h	0.000004729	+0.067%	$569K	$6.6M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0175%	8h	0.000004727	+0.028%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004729	+0.076%	$7K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0193%	8h	0.000004734	+0.179%	$2.3M	$6.5M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0205%	8h	0.000004733	+0.152%	$41.9M	$495.2M	50x	as long as short
01 Exchange kPEPEUSD	+0.0304%	1h	0.000004732	+0.131%	$542	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0324%	8h	0.000004725	−0.017%	$3.9M	$22.2M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0352%	8h	0.000004731	+0.108%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0389% / S −0.0314%	1h	0.000004000	−15.359%	$49K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004731	+0.110%	$563K	$25.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004726	+0.004%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0530%	1h	0.000004726	+0.012%	$92K	$603K	15x	as long as short
BingX 1000PEPE-USDC	+0.0559%	8h	0.000004726	+0.004%	—	$2.3M	—	as long as short
Aster 1000PEPEUSDT	+0.0561%	8h	0.000004727	+0.031%	$1.5M	$7.3M	50x	as long as short
Extended 1000PEPE-USD	+0.0568%	1h	0.000004731	+0.112%	$518K	$148K	25x	as long as short
Binance 1000PEPEUSDT	+0.0568%	8h	0.000004733	+0.148%	$132.4M	$1.07B	75x	as long as short
MEXC PEPE_USDT	+0.0570%	8h	0.000004728	+0.055%	$88.2M	$283.0M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0576%	1h	0.000004730	+0.088%	$134K	—	3x	as long as short
Nado kPEPE-PERP	+0.0614%	1h	0.000004729	+0.068%	$179K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0808%	1h	0.000004732	+0.131%	$76K	$98K	25x	as long as short