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 −0.001%

Price spread now: Bybit against KuCoin−0.026%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 7 days−0.009%−$1 · spread now −0.026%, 7d avg −0.032%

Together, before fees−0.084%−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PEPEUSDTM	0.000005034	0.0100	pay 0.0100% / 8h	4h 45m	$26.1M	$63.7M	75x
Short	Bybit 1000PEPEUSDT	0.000005032	0.0100	get 0.0100% / 8h	4h 45m	$98.7M	$345.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.032%: $0.58
Slippage, 4 orders: −$26.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$49.32
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	1.60 bp	15.7 bp −$16	30.8 bp −$308	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.00 bp	10.8 bp −$11	19.4 bp −$194	40.4 bp −$4,037	270.8 bp −$135.4K

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	0.000005027	−0.127%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005026	−0.155%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005031	−0.050%	$64K	$140K	10x	as long as short
Bybit 1000PEPEUSDTshort	+0.0100%	8h	0.000005032	−0.026%	$98.7M	$345.5M	50x
Gate PEPE_USDT	+0.0100%	8h	0.000005034	+0.010%	$166.0M	$75.8M	75x	as long as short
KuCoin PEPEUSDTMlong	+0.0100%	8h	0.000005034	long leg	$26.1M	$63.7M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000005034	+0.001%	$675K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005013	−0.413%	$31K	$452K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005046	+0.250%	$1K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005029	−0.097%	$573K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0161%	8h	0.000005037	+0.074%	$46.1M	$174.7M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005029	−0.082%	$8K	—	15x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005044	+0.209%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0331%	8h	0.000005041	+0.147%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0360%	8h	0.000005038	+0.089%	$45.2M	$594.8M	50x	as long as short
BloFin PEPE-USDT	+0.0479%	8h	0.000005028	−0.109%	$4.3M	$25.2M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0537%	1h	0.000005038	+0.089%	$2K	$12K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0632%	8h	0.000005041	+0.145%	$2.4M	$7.1M	50x	as long as short
BingX 1000PEPE-USDC	+0.0634%	8h	0.000005032	−0.028%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0663% / S −0.0913%	1h	0.000005000	−0.666%	$45K	—	100x	as long as short
MEXC PEPE_USDT	+0.0667%	8h	0.000005046	+0.250%	$92.5M	$287.1M	300x	as long as short
Binance 1000PEPEUSDT	+0.0671%	8h	0.000005038	+0.089%	$141.9M	$1.22B	75x	as long as short
Extended 1000PEPE-USD	+0.0672%	1h	0.000005037	+0.066%	$532K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0672%	1h	0.000005033	−0.010%	$142K	—	3x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005044	+0.209%	$974K	$31.8M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0744%	1h	0.000005037	+0.070%	$71K	$124K	25x	as long as short
Aster 1000PEPEUSDT	+0.0757%	8h	0.000005038	+0.093%	$1.8M	$9.2M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0791%	8h	0.000005030	−0.062%	$6K	—	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0801%	1h	0.000005038	+0.099%	$98K	$644K	15x	as long as short
Nado kPEPE-PERP	+0.0834%	1h	0.000005033	−0.008%	$191K	$877K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0852%	1h	0.000005009	−0.487%	$99K	$743K	25x	as long as short
Lighter 1000PEPE	+0.0904%	1h	0.000005041	+0.149%	$579K	$8.2M	10x	as long as short
01 Exchange kPEPEUSD	+0.0904%	1h	0.000005045	+0.228%	$609	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1293%	1h	0.000005039	+0.101%	$4.4M	$15.4M	50x	as long as short
Hyperliquid kPEPE	+0.1413%	1h	0.000005044	+0.209%	$54.0M	$140.0M	10x	as long as short