Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: edgeX against KuCoin+0.567%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs+$17as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.425%−$43 · spread now +0.567%, 7d avg +0.007%

Together, before fees−0.364%+ Points / potential airdropedgeX: Active · farm board−$36 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: edgeX is 0.560% dearer against KuCoin than usual: you sell high and buy low, +$56 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PEPEUSDTM	0.000005123	0.0100	pay 0.0100% / 8h	4h 20m	$26.0M	$65.2M	75x
Short	edgeX 1000PEPEUSDC	0.000005152	0.0100	get 0.0050% / 4h	20m 55s	$42K	$463K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.567%Rate

Funding earned: $0
Price spread: +0.567% → +0.007%: $55.96
Slippage, 4 orders: −$17.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $17.22
Costs to cover: 0.387%
Break-even: from the start

Slippage from KuCoin: live order book, 3 min ago; edgeX: live order book, 38 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	3.30 bp	16.0 bp −$16	33.0 bp −$330	doesn't fit	doesn't fit
Sell edgeX live order book, 38 min ago	1.09 bp	5.8 bp −$6	84.7 bp −$847	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
dYdX PEPE-USD	0.0000%	1h	0.000005131	+0.153%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005128	+0.109%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005136	+0.260%	$65K	$144K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005119	−0.078%	$99.2M	$358.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005129	+0.123%	$167.0M	$81.8M	75x	as long as short
KuCoin PEPEUSDTMlong	+0.0100%	8h	0.000005123	long leg	$26.0M	$65.2M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000005124	+0.017%	$801K	$4.8M	—	as long as short
edgeX 1000PEPEUSDCshort	+0.0100%	4h	0.000005152	+0.567%	$42K	$463K	20x
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005140	+0.332%	$1K	$2.5M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005128	+0.096%	$583K	$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
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005132	+0.174%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0205%	8h	0.000005126	+0.066%	$47.4M	$179.7M	75x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005173	+0.982%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0352%	8h	0.000005131	+0.164%	$34K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0382%	8h	0.000005127	+0.084%	$48.2M	$624.4M	50x	as long as short
BloFin PEPE-USDT	+0.0502%	8h	0.000005143	+0.396%	$4.4M	$26.4M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0605%	8h	0.000005135	+0.230%	$2.6M	$7.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005139	+0.318%	$967K	$33.8M	50x	as long as short
BingX 1000PEPE-USDT	+0.0704%	8h	0.000005138	+0.295%	—	$262.9M	—	as long as short
MEXC PEPE_USDT	+0.0742%	8h	0.000005130	+0.139%	$98.1M	$291.2M	300x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0742%	1h	0.000005185	+1.216%	$103K	$744K	25x	as long as short
Binance 1000PEPEUSDT	+0.0744%	8h	0.000005134	+0.219%	$146.7M	$1.26B	75x	as long as short
Extended 1000PEPE-USD	+0.0744%	1h	0.000005129	+0.114%	$544K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0744%	1h	0.000005132	+0.182%	$145K	—	3x	as long as short
SoDEX 1000PEPE-USD	+0.0770%	1h	0.000005137	+0.279%	$2K	$10K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0783% / S −0.1566%	1h	0.000005000	−2.395%	$62K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0796%	8h	0.000005130	+0.150%	$6K	—	20x	as long as short
Lighter 1000PEPE	+0.0840%	1h	0.000005139	+0.318%	$591K	$8.3M	10x	as long as short
Aster 1000PEPEUSDT	+0.0844%	8h	0.000005126	+0.067%	$1.8M	$9.6M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0920%	1h	0.000005132	+0.182%	$73K	$125K	25x	as long as short
Nado kPEPE-PERP	+0.0923%	1h	0.000005128	+0.105%	$188K	$899K	10x	as long as short
01 Exchange kPEPEUSD	+0.1120%	1h	0.000005133	+0.201%	$619	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1158%	1h	0.000005135	+0.236%	$94K	$666K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1268%	1h	0.000005136	+0.260%	$4.6M	$16.0M	50x	as long as short
Hyperliquid kPEPE	+0.1577%	1h	0.000005138	+0.299%	$55.4M	$142.1M	10x	as long as short