Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0444%/8h= +48.6% APRpaid last 24h +0.086%

Price spread now: 01 Exchange against Gate+0.319%7-day average — · you sell dearer than you buy

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

Long on Gate Short on 01 Exchange

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 +$13 a day on $10k at the current rate, and 01 Exchange is 0.319% dearer against Gate than usual: you sell high and buy low: +$32 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	Gate PEPE_USDT	0.000005014	0.0100	pay 0.0100% / 8h	7h 17m	$160.9M	$68.0M	75x
Short	01 Exchange kPEPEUSD	0.000005030	0.0544	get 0.0068% / 1h	17m 24s	$1K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.319%Rate

Funding earned: $93.24
Price spread: +0.319% → 0.000%: $31.91
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $103.15
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Gate: live order book, 2 min ago; 01 Exchange: no order-book sample. 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 Gate live order book, 2 min ago	2.00 bp	12.4 bp −$12	26.8 bp −$268	79.3 bp −$7,931	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Kraken Futures PF_PEPEUSD	−0.0117%	1h	0.000005019	+0.105%	$3.9M	$14.2M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005013	−0.026%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005016	+0.048%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005019	+0.100%	$59K	$120K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005019	+0.100%	$94.2M	$307.6M	50x	as long as short
Gate PEPE_USDTlong	+0.0100%	8h	0.000005014	long leg	$160.9M	$68.0M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005024	+0.209%	$25.8M	$57.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005025	+0.221%	$43.9M	$153.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005008	−0.126%	$576K	$4.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005015	+0.021%	$52K	$379K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005023	+0.181%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005015	+0.020%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005011	−0.062%	$566K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005020	+0.120%	$2.4M	$6.7M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005020	+0.122%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0192%	8h	0.000005027	+0.259%	$44.7M	$539.7M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0237%	8h	0.000005019	+0.093%	$6K	$16	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0242%	1h	0.000005019	+0.100%	$104K	$749K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0277%	8h	0.000005013	−0.026%	$31K	$14K	20x	as long as short
BloFin PEPE-USDT	+0.0308%	8h	0.000005011	−0.060%	$4.0M	$23.9M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004998	−0.319%	$676K	$27.4M	50x	as long as short
BingX 1000PEPE-USDC	+0.0465%	8h	0.000005014	0.000%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0479%	8h	0.000005026	+0.233%	$138.8M	$1.11B	75x	as long as short
Lighter 1000PEPE	+0.0480%	1h	0.000005021	+0.140%	$654K	$6.8M	10x	as long as short
Extended 1000PEPE-USD	+0.0480%	1h	0.000005021	+0.131%	$552K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0480%	8h	0.000005016	+0.046%	$101.9M	$288.7M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000005006	−0.160%	$142K	—	3x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0484% / S −0.0459%	1h	0.000005000	−0.279%	$58K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0517%	8h	0.000005016	+0.044%	$1.4M	$7.5M	50x	as long as short
Nado kPEPE-PERP	+0.0529%	1h	0.000005022	+0.157%	$190K	$862K	10x	as long as short
01 Exchange kPEPEUSDshort	+0.0544%	1h	0.000005030	+0.319%	$1K	$2K	10x
Backpack kPEPE_USDC_PERP	+0.0566%	1h	0.000005023	+0.179%	$95K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000005029	+0.299%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0748%	1h	0.000005015	+0.020%	$61K	$114K	25x	as long as short
Hyperliquid kPEPE	+0.1577%	1h	0.000005044	+0.598%	$57.4M	$128.9M	10x	as long as short