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% APRpaid last 24h −0.011%

Price spread now: KuCoin against edgeX−0.235%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$400.405% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.235%, 7d avg −0.007%

Together, before fees+0.026%+ Points / potential airdropedgeX: Active · farm board+$3 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 0.228% cheaper against edgeX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX 1000PEPEUSDC	0.000005299	0.0100	pay 0.0050% / 4h	3h 29m	$29K	$535K	20x
Short	KuCoin PEPEUSDTM	0.000005287	0.0100	get 0.0100% / 8h	3h 29m	$26.4M	$68.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.235%Rate

Funding earned: $0
Price spread: −0.235% → −0.007%: −$22.79
Slippage, 4 orders: −$19.46
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$63.25
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from edgeX: live order book, 24 min ago; KuCoin: live order book, 5 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, 24 min ago	1.22 bp	5.8 bp −$6	9.0 bp −$90	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.04 bp	13.3 bp −$13	23.8 bp −$238	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
dYdX PEPE-USD	0.0000%	1h	0.000005280	−0.364%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005289	−0.193%	$15K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	+0.524%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005285	−0.269%	$67K	$162K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005279	−0.389%	$107.2M	$378.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005275	−0.457%	$175.1M	$87.9M	75x	as long as short
KuCoin PEPEUSDTMshort	+0.0100%	8h	0.000005287	−0.235%	$26.4M	$68.2M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000005312	+0.233%	$747K	$5.1M	—	as long as short
edgeX 1000PEPEUSDClong	+0.0100%	4h	0.000005299	long leg	$29K	$535K	20x
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005301	+0.039%	$2K	$2.5M	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	0.000005295	−0.080%	$601K	$3.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005285	−0.273%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0289%	8h	0.000005283	−0.312%	$51.4M	$190.0M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0317%	1h	0.000005294	−0.099%	$75K	$126K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0388%	8h	0.000005300	+0.007%	$35K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0433%	8h	0.000005284	−0.288%	$51.6M	$679.5M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0477%	1h	0.000005296	−0.061%	$2K	$10K	10x	as long as short
BloFin PEPE-USDT	+0.0560%	8h	0.000005312	+0.241%	$5.0M	$28.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0630%	8h	0.000005296	−0.069%	$2.6M	$7.5M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005304	+0.090%	$650K	$36.6M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0755%	8h	0.000005279	−0.383%	$6K	—	20x	as long as short
BingX 1000PEPE-USDT	+0.0762%	8h	0.000005277	−0.418%	—	$235.1M	—	as long as short
Extended 1000PEPE-USD	+0.0800%	1h	0.000005274	−0.476%	$559K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005278	−0.401%	$149K	—	3x	as long as short
MEXC PEPE_USDT	+0.0801%	8h	0.000005288	−0.216%	$103.7M	$295.0M	300x	as long as short
Binance 1000PEPEUSDT	+0.0802%	8h	0.000005284	−0.291%	$154.1M	$1.32B	75x	as long as short
Nado kPEPE-PERP	+0.0875%	1h	0.000005282	−0.323%	$190K	$916K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0904%	1h	0.000005308	+0.165%	$163K	$808K	25x	as long as short
Aster 1000PEPEUSDT	+0.0919%	8h	0.000005282	−0.330%	$1.9M	$10.3M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0943% / S −0.1872%	1h	0.000005000	−5.647%	$65K	—	100x	as long as short
01 Exchange kPEPEUSD	+0.1016%	1h	0.000005285	−0.269%	$637	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1217%	1h	0.000005288	−0.203%	$69K	$724K	15x	as long as short
Lighter 1000PEPE	+0.1256%	1h	0.000005291	−0.155%	$697K	$8.7M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1543%	1h	0.000005291	−0.153%	$4.9M	$16.4M	50x	as long as short
Hyperliquid kPEPE	+0.1632%	1h	0.000005291	−0.155%	$57.9M	$145.2M	10x	as long as short