Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Bitget against KuCoin+0.127%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$530.525% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 7 days−0.126%−$13 · spread now +0.127%, 7d avg +0.022%

Together, before fees−0.161%−$16 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: Bitget is 0.106% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PEPEUSDTM	0.000005021	0.0100	pay 0.0100% / 8h	7h 11m	$25.5M	$57.4M	75x
Short	Bitget PEPEUSDT	0.000005027	0.0100	get 0.0100% / 8h	7h 11m	$44.7M	$154.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.127%Rate

Funding earned: $0
Price spread: +0.127% → +0.022%: $10.56
Slippage, 4 orders: −$28.51
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$41.95
Costs to cover: 0.525%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bitget: 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 KuCoin live order book, 2 min ago	2.77 bp	16.6 bp −$17	27.5 bp −$275	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.18 bp	9.7 bp −$10	11.1 bp −$111	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
Kraken Futures PF_PEPEUSD	−0.0117%	1h	0.000005015	−0.119%	$3.9M	$14.2M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005020	−0.021%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005014	−0.125%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005027	+0.125%	$59K	$120K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005022	+0.034%	$94.5M	$309.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005015	−0.114%	$161.0M	$68.7M	75x	as long as short
KuCoin PEPEUSDTMlong	+0.0100%	8h	0.000005021	long leg	$25.5M	$57.4M	75x
Bitget PEPEUSDTshort	+0.0100%	8h	0.000005027	+0.127%	$44.7M	$154.7M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000005052	+0.618%	$591K	$4.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005071	+1.004%	$53K	$381K	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	+0.054%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005017	−0.074%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005016	−0.098%	$564K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005011	−0.199%	$2.4M	$6.8M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0149%	1h	0.000005015	−0.114%	$61K	$114K	25x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005016	−0.098%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0195%	8h	0.000005027	+0.125%	$44.6M	$542.7M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0209%	1h	0.000005072	+1.022%	$105K	$750K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0265%	8h	0.000005024	+0.059%	$6K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0273%	8h	0.000005018	−0.050%	$31K	$14K	20x	as long as short
BloFin PEPE-USDT	+0.0316%	8h	0.000005035	+0.285%	$4.1M	$24.2M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000005020	−0.014%	$511K	$27.8M	50x	as long as short
BingX 1000PEPE-USDC	+0.0465%	8h	0.000005022	+0.020%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0476%	8h	0.000005025	+0.094%	$139.3M	$1.12B	75x	as long as short
MEXC PEPE_USDT	+0.0479%	8h	0.000005024	+0.072%	$99.0M	$290.7M	300x	as long as short
Extended 1000PEPE-USD	+0.0480%	1h	0.000005018	−0.053%	$552K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000004977	−0.870%	$141K	—	3x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0491% / S −0.0453%	1h	0.000005000	−0.412%	$59K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0527%	8h	0.000005018	−0.064%	$1.4M	$7.5M	50x	as long as short
Lighter 1000PEPE	+0.0552%	1h	0.000005032	+0.225%	$652K	$6.8M	10x	as long as short
Nado kPEPE-PERP	+0.0560%	1h	0.000005017	−0.071%	$188K	$864K	10x	as long as short
01 Exchange kPEPEUSD	+0.0600%	1h	0.000005042	+0.424%	$1K	$2K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0608%	1h	0.000005015	−0.104%	$95K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000005070	+0.982%	$4K	$102K	12x	as long as short
Hyperliquid kPEPE	+0.1945%	1h	0.000005048	+0.544%	$56.7M	$131.6M	10x	as long as short