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 +0.002%

Price spread now: Variational Omni against KuCoin+0.825%7-day average −0.062% · you sell dearer than you buy

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.034%−$3 on $10k

Price spread, last 7 days−0.893%−$89 · spread now +0.825%, 7d avg −0.062%

Together, before fees−0.927%+ Points / potential airdropVariational Omni: Active · farm board−$93 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: Variational Omni is 0.886% dearer against KuCoin than usual: you sell high and buy low, +$89 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PEPEUSDTM	0.000005050	0.0100	pay 0.0100% / 8h	6h 23m	$25.2M	$60.7M	75x
Short	Variational Omni 1000PEPE	0.000005092	0.0100	get 0.0100% / 8h	6h 23m	$624K	$4.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.825%Rate

Funding earned: $0
Price spread: +0.825% → −0.062%: $88.65
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $76.65
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 11 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 11 min ago	1.59 bp	15.3 bp −$15	26.2 bp −$262	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	4.95 bp	doesn't fit	16.8 bp −$168	doesn't fit	doesn't fit

PEPE on 34 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	0.000005052	+0.031%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005048	−0.046%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005059	+0.178%	$61K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005049	−0.028%	$98.0M	$323.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005050	0.000%	$161.2M	$70.9M	75x	as long as short
KuCoin PEPEUSDTMlong	+0.0100%	8h	0.000005050	long leg	$25.2M	$60.7M	75x
Bitget PEPEUSDT	+0.0100%	8h	0.000005051	+0.012%	$46.8M	$160.8M	75x	as long as short
Variational Omni 1000PEPEshort	+0.0100%	8h	0.000005092	+0.825%	$624K	$4.5M	—
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005086	+0.711%	$34K	$413K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005059	+0.172%	$1K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005060	+0.200%	$570K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005051	+0.013%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0231%	8h	0.000005054	+0.079%	$45.0M	$567.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0278%	8h	0.000005047	−0.050%	$33K	$23K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0312%	1h	0.000005063	+0.257%	$106K	$747K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0319%	8h	0.000005067	+0.333%	$2.4M	$7.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005055	+0.099%	$727K	$29.7M	50x	as long as short
BingX 1000PEPE-USDC	+0.0486%	8h	0.000005053	+0.067%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0512% / S −0.0538%	1h	0.000005000	−0.990%	$56K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0520%	1h	0.000005054	+0.071%	$557K	$199K	25x	as long as short
MEXC PEPE_USDT	+0.0522%	8h	0.000005053	+0.063%	$94.7M	$290.8M	300x	as long as short
Binance 1000PEPEUSDT	+0.0523%	8h	0.000005055	+0.094%	$142.8M	$1.17B	75x	as long as short
Aevo 1000PEPE-PERP	+0.0528%	1h	0.000005054	+0.079%	$143K	—	3x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0543%	1h	0.000005050	0.000%	$61K	$114K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0552%	8h	0.000005059	+0.179%	$6K	$16	20x	as long as short
SoDEX 1000PEPE-USD	+0.0558%	1h	0.000005055	+0.099%	$2K	$12K	10x	as long as short
Aster 1000PEPEUSDT	+0.0618%	8h	0.000005056	+0.127%	$1.7M	$8.2M	50x	as long as short
Nado kPEPE-PERP	+0.0634%	1h	0.000005049	−0.018%	$181K	$881K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0824%	1h	0.000005053	+0.053%	$4.0M	$14.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005098	+0.950%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0927%	1h	0.000005063	+0.267%	$101K	$617K	15x	as long as short
01 Exchange kPEPEUSD	+0.0968%	1h	0.000005056	+0.119%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1560%	1h	0.000005068	+0.356%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2201%	1h	0.000005059	+0.178%	$55.7M	$135.8M	10x	as long as short