Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Gate against KuCoin−0.160%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 7 days+0.136%+$14 · spread now −0.160%, 7d avg −0.008%

Together, before fees+0.105%+$11 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: Gate is 0.152% cheaper against KuCoin than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PEPEUSDTM	0.000004806	0.0100	pay 0.0100% / 8h	2h 28m	$25.3M	$53.1M	75x
Short	Gate PEPE_USDT	0.000004798	0.0100	get 0.0100% / 8h	2h 28m	$149.3M	$61.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.160%Rate

Funding earned: $0
Price spread: −0.160% → −0.008%: −$15.19
Slippage, 4 orders: −$21.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$63.93
Costs to cover: 0.487%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Gate: live order book, 6 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, 6 min ago	1.14 bp	11.7 bp −$12	31.0 bp −$310	69.1 bp −$6,915	doesn't fit
Sell Gate live order book, 6 min ago	3.12 bp	14.0 bp −$14	23.1 bp −$231	84.9 bp −$8,486	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	0.000004802	−0.071%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004800	−0.112%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004805	−0.015%	$57.1M	$70.5M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004808	+0.048%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004804	−0.040%	$88.6M	$272.8M	50x	as long as short
Gate PEPE_USDTshort	+0.0100%	8h	0.000004798	−0.160%	$149.3M	$61.9M	75x
KuCoin PEPEUSDTMlong	+0.0100%	8h	0.000004806	long leg	$25.3M	$53.1M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000004799	−0.134%	$702K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004804	−0.046%	$27K	$338K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004817	+0.227%	$2K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000004810	+0.085%	$554K	$3.6M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0140%	8h	0.000004807	+0.027%	$41.3M	$488.5M	50x	as long as short
Bitget PEPEUSDT	+0.0175%	8h	0.000004807	+0.021%	$43.2M	$152.2M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004805	−0.004%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0255%	8h	0.000004802	−0.077%	$3.9M	$21.7M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0217%	1h	0.000004000	−16.766%	$52K	—	100x	as long as short
Lighter 1000PEPE	+0.0368%	1h	0.000004808	+0.048%	$591K	$5.1M	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0384%	8h	0.000004806	+0.015%	$29K	$11K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0421%	8h	0.000004805	−0.009%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0463%	8h	0.000004802	−0.069%	$2.3M	$6.4M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004797	−0.181%	$574K	$25.3M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0540%	1h	0.000004804	−0.033%	$95K	$622K	15x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004804	−0.035%	$4K	$92K	12x	as long as short
Nado kPEPE-PERP	+0.0709%	1h	0.000004809	+0.069%	$181K	$851K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0726%	1h	0.000004803	−0.056%	$99K	$759K	25x	as long as short
SoDEX 1000PEPE-USD	+0.0730%	1h	0.000004806	+0.006%	$2K	$9K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0762%	1h	0.000004806	+0.001%	$3.9M	$13.0M	50x	as long as short
BingX 1000PEPE-USDT	+0.0774%	8h	0.000004807	+0.025%	—	$255.0M	—	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0792%	1h	0.000004805	−0.015%	$81K	$94K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0816%	1h	0.000004806	+0.006%	$136K	—	3x	as long as short
Extended 1000PEPE-USD	+0.0824%	1h	0.000004804	−0.031%	$526K	$147K	25x	as long as short
MEXC PEPE_USDT	+0.0825%	8h	0.000004805	−0.008%	$90.4M	$290.1M	300x	as long as short
Binance 1000PEPEUSDT	+0.0831%	8h	0.000004807	+0.022%	$127.8M	$1.02B	75x	as long as short
Aster 1000PEPEUSDT	+0.0862%	8h	0.000004809	+0.058%	$1.5M	$6.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.1240%	1h	0.000004820	+0.298%	$552	$2K	10x	as long as short