Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.010%

Price spread now: Gate against gTrade (Gains Network)+0.415%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.415% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$42 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PEPE/USD	0.000004795	L +0.0006% / S −0.0006%	pay 0.0001% / 1h	52m 44s	$14K	—	150x
Short	Gate PEPE_USDT	0.000004815	0.0100	get 0.0100% / 8h	52m 44s	$151.3M	$63.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GatebpOrdersPrice spread, now +0.415%Rate

Funding earned: $19.81
Price spread: +0.415% → 0.000%: $41.5
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $36.31
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 1 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Gate live order book, 1 min ago	2.09 bp	11.6 bp −$12	15.6 bp −$156	64.0 bp −$6,403	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0179%	1h	0.000004808	+0.269%	$66.6M	$86.9M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004803	+0.172%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USDlong	L +0.0006% / S −0.0006%	1h	0.000004795	long leg	$14K	—	150x
Kraken Futures PF_PEPEUSD	+0.0066%	1h	0.000004799	+0.088%	$3.9M	$13.4M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004807	+0.248%	$59K	$114K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004803	+0.167%	$86.5M	$287.0M	50x	as long as short
Gate PEPE_USDTshort	+0.0100%	8h	0.000004815	+0.415%	$151.3M	$63.8M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004808	+0.273%	$24.6M	$54.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004806	+0.238%	$42.4M	$149.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004798	+0.057%	$596K	$4.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004806	+0.233%	$28K	$344K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004805	+0.217%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004800	+0.102%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004794	−0.031%	$543K	$3.5M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004798	+0.052%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0219%	8h	0.000004808	+0.269%	$41.7M	$497.7M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0221%	8h	0.000004805	+0.207%	$5K	$16	20x	as long as short
01 Exchange kPEPEUSD	+0.0232%	1h	0.000004797	+0.040%	$550	$2K	10x	as long as short
Lighter 1000PEPE	+0.0248%	1h	0.000004807	+0.248%	$645K	$6.2M	10x	as long as short
Phemex u1000PEPEUSDT	+0.0269%	8h	0.000004799	+0.086%	$2.3M	$6.4M	50x	as long as short
BloFin PEPE-USDT	+0.0339%	8h	0.000004804	+0.186%	$3.9M	$22.3M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0350% / S −0.0387%	1h	0.000004000	−16.582%	$42K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004800	+0.102%	$569K	$25.7M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004804	+0.186%	$4K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0438%	8h	0.000004800	+0.094%	$30K	$12K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0548%	1h	0.000004806	+0.231%	$91K	$602K	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0598%	1h	0.000004805	+0.206%	$100K	$761K	25x	as long as short
BingX 1000PEPE-USDT	+0.0683%	8h	0.000004814	+0.402%	—	$256.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0700%	8h	0.000004807	+0.246%	$132.0M	$1.05B	75x	as long as short
MEXC PEPE_USDT	+0.0703%	8h	0.000004803	+0.175%	$95.9M	$278.5M	300x	as long as short
Extended 1000PEPE-USD	+0.0704%	1h	0.000004816	+0.435%	$529K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0704%	1h	0.000004802	+0.144%	$136K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0707%	8h	0.000004809	+0.297%	$1.5M	$7.2M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0793%	1h	0.000004801	+0.123%	$81K	$94K	25x	as long as short
Nado kPEPE-PERP	+0.0854%	1h	0.000004801	+0.131%	$184K	$845K	10x	as long as short