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: edgeX against Gate+0.011%97s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as 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−$340.343% of the position

Long on Gate Short on edgeX

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)+0.169%+$17 · spread now +0.011%, 7d avg +0.002%

Together, before fees+0.252%+ Points / potential airdropedgeX: Active · farm board+$25 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PEPE_USDT	0.000004878	0.0100	pay 0.0100% / 8h	2h 45m	$148.9M	$60.7M	75x
Short	edgeX 1000PEPEUSDC	0.000004879	0.0100	get 0.0050% / 4h	2h 45m	$27K	$337K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → +0.002%: $0.94
Slippage, 4 orders: −$10.33
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$33.39
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; edgeX: live order book, 42 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 Gate live order book, 3 min ago	2.05 bp	12.7 bp −$13	20.9 bp −$209	66.8 bp −$6,676	doesn't fit
Sell edgeX live order book, 42 min ago	0.92 bp	5.6 bp −$6	37.3 bp −$373	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	0.000004881	+0.052%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004876	−0.037%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004879	+0.021%	$56.7M	$68.9M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004881	+0.062%	$57K	$109K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004877	−0.018%	$89.1M	$271.7M	50x	as long as short
Gate PEPE_USDTlong	+0.0100%	8h	0.000004878	long leg	$148.9M	$60.7M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004879	+0.014%	$25.2M	$51.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004845	−0.686%	$708K	$3.7M	—	as long as short
edgeX 1000PEPEUSDCshort	+0.0100%	4h	0.000004879	+0.011%	$27K	$337K	20x
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004890	+0.242%	$2K	$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	+0.150%	$555K	$3.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0111%	8h	0.000004879	+0.021%	$42.1M	$494.0M	50x	as long as short
Bitget PEPEUSDT	+0.0172%	8h	0.000004878	+0.010%	$44.8M	$150.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004886	+0.163%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0230%	8h	0.000004894	+0.328%	$4.0M	$21.8M	75x	as long as short
Lighter 1000PEPE	+0.0256%	1h	0.000004885	+0.144%	$600K	$5.1M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0320% / S −0.0217%	1h	0.000004000	−17.999%	$53K	—	100x	as long as short
Backpack kPEPE_USDC_PERP	+0.0322%	1h	0.000004882	+0.072%	$106K	$619K	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0349%	8h	0.000004882	+0.091%	$5K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0357%	8h	0.000004884	+0.121%	$30K	$10K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0419%	8h	0.000004884	+0.131%	$2.3M	$6.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004876	−0.041%	$595K	$25.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004908	+0.615%	$4K	$92K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0570%	1h	0.000004882	+0.082%	$82K	$94K	25x	as long as short
SoDEX 1000PEPE-USD	+0.0629%	1h	0.000004880	+0.041%	$2K	$9K	10x	as long as short
Nado kPEPE-PERP	+0.0638%	1h	0.000004890	+0.240%	$182K	$866K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0751%	1h	0.000004877	−0.011%	$3.9M	$12.8M	50x	as long as short
BingX 1000PEPE-USDT	+0.0756%	8h	0.000004882	+0.092%	—	$254.5M	—	as long as short
ApeX Omni 1000PEPEUSDT	+0.0766%	1h	0.000004850	−0.574%	$101K	$757K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000004884	+0.123%	$138K	—	3x	as long as short
MEXC PEPE_USDT	+0.0805%	8h	0.000004880	+0.047%	$92.3M	$287.7M	300x	as long as short
Binance 1000PEPEUSDT	+0.0806%	8h	0.000004884	+0.117%	$129.0M	$1.01B	75x	as long as short
Extended 1000PEPE-USD	+0.0808%	1h	0.000004879	+0.012%	$538K	$146K	25x	as long as short
Aster 1000PEPEUSDT	+0.0869%	8h	0.000004883	+0.107%	$1.6M	$6.7M	50x	as long as short
01 Exchange kPEPEUSD	+0.1544%	1h	0.000004907	+0.595%	$562	$2K	10x	as long as short