Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h −0.052%

Price spread now: Binance against Extended+0.079%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.079%, 7d avg +0.062%

Together, before fees−0.018%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended 1000PEPE-USD	0.000004871	0.0880	pay 0.0110% / 1h	52m 52s	$538K	$147K	25x
Short	Binance 1000PEPEUSDT	0.000004875	0.0881	get 0.0881% / 8h	1h 52m	$130.8M	$1.03B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.079%Rate

Funding earned: $0.26
Price spread: +0.079% → +0.062%: $1.67
Slippage, 4 orders: −$16.81
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.89
Costs to cover: 0.318%
Break-even: 817.0 days

Slippage from Extended: live order book, 30 min ago; Binance: 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 Extended live order book, 30 min ago	3.09 bp	7.6 bp −$8	43.9 bp −$439	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.10 bp	8.9 bp −$9	12.6 bp −$126	36.9 bp −$3,688	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	0.000004880	+0.180%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004871	−0.008%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004869	−0.041%	$60.2M	$74.9M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004883	+0.247%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004872	+0.027%	$88.9M	$277.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004870	−0.020%	$152.2M	$62.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004870	−0.018%	$25.1M	$53.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004876	+0.105%	$556K	$3.9M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004899	+0.573%	$28K	$341K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004883	+0.257%	$1K	$2.4M	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	0.000004885	+0.288%	$557K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0176%	1h	0.000004875	+0.082%	$648K	$5.4M	10x	as long as short
Bitget PEPEUSDT	+0.0180%	8h	0.000004871	+0.009%	$42.9M	$151.3M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004877	+0.124%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0202%	8h	0.000004872	+0.021%	$41.8M	$494.3M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0233%	1h	0.000004878	+0.144%	$2K	$9K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0215%	1h	0.000004000	−17.881%	$53K	—	100x	as long as short
BloFin PEPE-USDT	+0.0320%	8h	0.000004875	+0.082%	$3.8M	$22.3M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0434%	8h	0.000004878	+0.138%	$30K	$11K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004877	+0.124%	$605K	$25.5M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0456%	8h	0.000004873	+0.046%	$2.4M	$6.4M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0502%	8h	0.000004885	+0.290%	$5K	$16	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0571%	1h	0.000004876	+0.103%	$82K	$94K	25x	as long as short
Nado kPEPE-PERP	+0.0588%	1h	0.000004879	+0.165%	$189K	$849K	10x	as long as short
01 Exchange kPEPEUSD	+0.0712%	1h	0.000004883	+0.247%	$559	$2K	10x	as long as short
BingX 1000PEPE-USDC	+0.0839%	8h	0.000004874	+0.070%	—	$2.3M	—	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004886	+0.308%	$4K	$103K	12x	as long as short
Extended 1000PEPE-USDlong	+0.0880%	1h	0.000004871	long leg	$538K	$147K	25x
Aevo 1000PEPE-PERP	+0.0880%	1h	0.000004865	−0.123%	$138K	—	3x	as long as short
Binance 1000PEPEUSDTshort	+0.0881%	8h	0.000004875	+0.079%	$130.8M	$1.03B	75x
MEXC PEPE_USDT	+0.0886%	8h	0.000004874	+0.064%	$92.5M	$282.3M	300x	as long as short
Aster 1000PEPEUSDT	+0.0916%	8h	0.000004873	+0.043%	$1.5M	$6.9M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0995%	1h	0.000004873	+0.037%	$93K	$614K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1309%	1h	0.000004875	+0.078%	$4.0M	$13.2M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.2353%	1h	0.000004896	+0.514%	$104K	$764K	25x	as long as short