Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.029%

Price spread now: Reya against KuCoin+0.065%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Reya is 0.065% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PEPEUSDTM	0.000005166	0.0100	pay 0.0100% / 8h	4h 17m	$26.2M	$65.4M	75x
Short	Reya kPEPERUSDPERP	0.000005170	0.0189	get 0.0024% / 1h	17m 29s	$8K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.065%Rate

Funding earned: $18.66
Price spread: +0.065% → 0.000%: $6.52
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $7.18
Costs to cover: 0.180%
Break-even: 4.3 days

Slippage unknown: KuCoin: live order book, 7 min ago; Reya: no order-book sample. Net counts fees only.

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, 7 min ago	3.30 bp	16.0 bp −$16	33.0 bp −$330	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.000005158	−0.164%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005126	−0.790%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005164	−0.048%	$66K	$146K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005166	−0.014%	$99.7M	$359.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005160	−0.126%	$167.7M	$82.1M	75x	as long as short
KuCoin PEPEUSDTMlong	+0.0100%	8h	0.000005166	long leg	$26.2M	$65.4M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000005124	−0.831%	$801K	$4.8M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005148	−0.348%	$42K	$465K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005136	−0.600%	$2K	$2.5M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005143	−0.465%	$589K	$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 kPEPERUSDPERPshort	+0.0189%	1h	0.000005170	+0.065%	$8K	—	15x
Bitget PEPEUSDT	+0.0209%	8h	0.000005171	+0.083%	$47.7M	$180.1M	75x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005173	+0.126%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0356%	8h	0.000005134	−0.631%	$34K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0390%	8h	0.000005171	+0.087%	$48.5M	$631.7M	50x	as long as short
BloFin PEPE-USDT	+0.0502%	8h	0.000005146	−0.397%	$4.4M	$26.5M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0530%	1h	0.000005129	−0.726%	$72K	$125K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0609%	8h	0.000005134	−0.629%	$2.6M	$7.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005132	−0.668%	$949K	$33.9M	50x	as long as short
BingX 1000PEPE-USDC	+0.0704%	8h	0.000005169	+0.043%	—	$2.3M	—	as long as short
SoDEX 1000PEPE-USD	+0.0727%	1h	0.000005134	−0.629%	$2K	$10K	10x	as long as short
Aevo 1000PEPE-PERP	+0.0744%	1h	0.000005128	−0.745%	$145K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0747%	8h	0.000005171	+0.079%	$147.2M	$1.26B	75x	as long as short
MEXC PEPE_USDT	+0.0748%	8h	0.000005171	+0.085%	$99.4M	$291.8M	300x	as long as short
Extended 1000PEPE-USD	+0.0752%	1h	0.000005167	+0.010%	$547K	$226K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0791% / S −0.1587%	1h	0.000005000	−3.223%	$62K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0794%	8h	0.000005169	+0.046%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0806%	1h	0.000005163	−0.068%	$101K	$743K	25x	as long as short
Lighter 1000PEPE	+0.0816%	1h	0.000005166	−0.010%	$614K	$8.3M	10x	as long as short
Aster 1000PEPEUSDT	+0.0849%	8h	0.000005165	−0.028%	$1.8M	$9.6M	50x	as long as short
Nado kPEPE-PERP	+0.0923%	1h	0.000005170	+0.076%	$186K	$903K	10x	as long as short
01 Exchange kPEPEUSD	+0.1104%	1h	0.000005174	+0.145%	$624	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1156%	1h	0.000005141	−0.497%	$94K	$666K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1269%	1h	0.000005133	−0.653%	$4.6M	$16.0M	50x	as long as short
Hyperliquid kPEPE	+0.1576%	1h	0.000005172	+0.106%	$55.8M	$142.1M	10x	as long as short