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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: KuCoin against Gate+0.029%7-day average +0.008% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$500.503% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 7 days−0.005%$0 · spread now +0.029%, 7d avg +0.008%

Together, before fees+0.026%+$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 0.021% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PEPE_USDT	0.000004812	0.0100	pay 0.0100% / 8h	2h 26m	$149.9M	$61.9M	75x
Short	KuCoin PEPEUSDTM	0.000004813	0.0100	get 0.0100% / 8h	2h 26m	$25.3M	$52.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → +0.008%: $2.07
Slippage, 4 orders: −$23.33
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$48.25
Costs to cover: 0.503%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 2 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, 2 min ago	2.08 bp	15.0 bp −$15	25.1 bp −$251	77.7 bp −$7,768	doesn't fit
Sell KuCoin live order book, 2 min ago	1.35 bp	11.6 bp −$12	18.7 bp −$187	41.6 bp −$4,156	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	0.000004808	−0.086%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004809	−0.056%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004826	+0.291%	$57.4M	$70.7M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004815	+0.062%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004826	+0.295%	$88.3M	$273.5M	50x	as long as short
Gate PEPE_USDTlong	+0.0100%	8h	0.000004812	long leg	$149.9M	$61.9M	75x
KuCoin PEPEUSDTMshort	+0.0100%	8h	0.000004813	+0.029%	$25.3M	$52.9M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000004799	−0.264%	$702K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004804	−0.176%	$27K	$338K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004824	+0.256%	$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	0.000004821	+0.183%	$555K	$3.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0145%	8h	0.000004828	+0.333%	$41.4M	$490.9M	50x	as long as short
Bitget PEPEUSDT	+0.0176%	8h	0.000004828	+0.333%	$43.3M	$152.3M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004817	+0.099%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0260%	8h	0.000004813	+0.021%	$3.9M	$21.7M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0217%	1h	0.000004000	−16.874%	$52K	—	100x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0389%	8h	0.000004818	+0.125%	$29K	$11K	20x	as long as short
Lighter 1000PEPE	+0.0424%	1h	0.000004817	+0.104%	$616K	$5.2M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0436%	8h	0.000004818	+0.125%	$5K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004815	+0.062%	$577K	$25.4M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0475%	8h	0.000004819	+0.139%	$2.3M	$6.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004809	−0.062%	$4K	$110K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0578%	1h	0.000004827	+0.308%	$95K	$622K	15x	as long as short
Nado kPEPE-PERP	+0.0706%	1h	0.000004817	+0.111%	$186K	$853K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0726%	1h	0.000004803	−0.187%	$99K	$759K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0760%	1h	0.000004815	+0.070%	$3.9M	$13.1M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0768%	1h	0.000004816	+0.083%	$2K	$9K	10x	as long as short
BingX 1000PEPE-USDT	+0.0784%	8h	0.000004831	+0.397%	—	$255.0M	—	as long as short
Aevo 1000PEPE-PERP	+0.0824%	1h	0.000004820	+0.166%	$136K	—	3x	as long as short
MEXC PEPE_USDT	+0.0831%	8h	0.000004832	+0.407%	$91.1M	$290.2M	300x	as long as short
Binance 1000PEPEUSDT	+0.0831%	8h	0.000004832	+0.422%	$128.5M	$1.02B	75x	as long as short
Extended 1000PEPE-USD	+0.0832%	1h	0.000004826	+0.297%	$529K	$147K	25x	as long as short
Aster 1000PEPEUSDT	+0.0868%	8h	0.000004822	+0.211%	$1.5M	$6.8M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0998%	1h	0.000004815	+0.062%	$81K	$94K	25x	as long as short
01 Exchange kPEPEUSD	+0.1248%	1h	0.000004829	+0.353%	$553	$2K	10x	as long as short