Funding arb · Price arb / Crypto

PEPE

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LONGGRVT▾Phemex −0.0705%TxFlow −0.0440%Bitget −0.0412%AZverse −0.0204%Gate −0.0029%KuCoin −0.0028%N1 −0.0016%dYdX 0.0000%Deribit 0.0000%Paradex +0.0065%Orderly +0.0078%Injective +0.0089%Lighter +0.0096%Popdex +0.0096%Aevo +0.0096%Nado +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%Bybit +0.0100%OKX +0.0100%MEXC +0.0100%BingX +0.0100%Variational Omni +0.0100%edgeX +0.0100%GRVT +0.0100%ApeX Omni +0.0100%SunX +0.0100%SoDEX +0.0100%Extended +0.0104%GMX +0.0155%Kraken Futures +0.0157%Hyperliquid +0.0159%BloFin +0.0220%Phoenix +0.0313%gTrade (Gains Network) +0.0318%HTX +0.0530%Backpack +0.0835%

⇄⇅

SHORTPolymarket Perps▾Backpack +0.0835%HTX +0.0530%Phoenix +0.0313%BloFin +0.0220%Hyperliquid +0.0159%Kraken Futures +0.0157%Extended +0.0104%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%Bybit +0.0100%OKX +0.0100%MEXC +0.0100%BingX +0.0100%Variational Omni +0.0100%edgeX +0.0100%ApeX Omni +0.0100%SunX +0.0100%SoDEX +0.0100%Nado +0.0100%Popdex +0.0096%Aevo +0.0096%Lighter +0.0096%Injective +0.0089%Orderly +0.0078%Paradex +0.0065%dYdX 0.0000%Deribit 0.0000%N1 −0.0016%KuCoin −0.0028%Gate −0.0029%gTrade (Gains Network) +0.0046%AZverse −0.0204%GMX +0.0352%Bitget −0.0412%Polymarket Perps −0.0435%TxFlow −0.0440%Phemex −0.0705%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GRVTKPEPE_USDT_Perp	0.000004634	+0.0100	pay 0.0100% / 8h	6h 11m	$1.1M	$3.1M	10x	Long GRVT
SHORT	Polymarket PerpsKPEPE-USD	0.000004616	−0.0435	pay 0.0054% / 1h	11m 14s	$234K	$889K	10x	Short Polymarket Perps

Price gap−0.398%

Funding gap−0.0535% /8h

Both sides work against this direction now: funding costs $16 a day on $10k and the gap is 0.332% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.272% in total, about −0.0130%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.398%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

GRVTPolymarket Perps

PEPE on 39 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

• ✓
  OK: Fits both order books12.1 / 13.5 bp

  Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
• i
  Note: Margin at max leverage$1,000 + $1,000

  GRVT 10x, Polymarket Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ8h / 1h

  Payments land at different times. Close right after the slower leg pays.

  Long GRVT · 8h−$3.00

  Short Polymarket Perps · 1h−$13.05

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$16.05Long GRVT: 3 payments, −$3.00; short Polymarket Perps: 24 payments, −$13.05.
• !
  Watch: Gap narrower than usual−0.398% vs −0.065%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Short leg is thinner$234K vs $1.1M OI

  Polymarket Perps sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legGRVT points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legGRVT No · Polymarket Perps No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0130%/8h × 21 periods−$27.20

Price spread−0.398% → −0.065% (7d avg)−$33.23

Slippage, 4 orderslive order books−$31.46

Fee GRVT bp × 2 orders−$9.00

Fee Polymarket Perps bp × 2 orders−$8.00

Net · 7 days · $10k−$108.88

Costs to cover0.485%Break-evennever at this rate

Slippage: GRVT: live order book, 1 min ago; Polymarket Perps: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGGRVT3.7712.1 bp−$1217.5 bp−$175doesn’t fitdoesn’t fit

SELL · SHORTPolymarket Perps6.4813.5 bp−$1423.1 bp−$231doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

PEPE news

posts that mention PEPE, from every exchangeSearch all news →

10-28 16:00	OKX	Other	Europe, your next X Drops basket is here. ZEC, NEAR, SUI, TAO, PEPE, WLD, LINK, PUMP, ONDO and ZAMA are in, with 3.4M $ZAMA up for grabs. Trade @zama for 3× rewards. @okx on X ↗
10-22 06:00	KuCoin	Other	Fresh out of the oven: the coin cookie tray 🍪 BTC, ETH, SOL, DOGE, PEPE and more. Which one are you reaching for? Register and complete your first trade for a chance to share 5,000 USDT, up to 100 USDT each. Grab yours 👉 #FoodForYourThought #KuFood #KuCoin @kucoincom on X ↗
09-28 17:53	Phoenix	Listing	Now live on Phoenix: $SHIB - 10x leverage $PEPE - 10x leverage @PhoenixTrade on X ↗
09-24 15:00	Phoenix	Listing	new market kPEPE ($PEPE) seen by our collector
09-23 09:30	Phemex	Other	BTC is green. But the alts are doing the talking. $XRP +9.11% $PEPE +18.55% $ZEC +6.56% $NEAR +4.14% 👀 What are you watching? The next 100x gems? Comments below👇 @Phemex_official on X ↗