Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0582%/8h= +63.7% APRpaid last 24h +0.150%

Price spread now: 01 Exchange against KuCoin+0.192%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and 01 Exchange is 0.192% dearer against KuCoin than usual: you sell high and buy low: +$19 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	0.000005168	0.0122	pay 0.0122% / 8h	20m 56s	$26.9M	$74.0M	75x
Short	01 Exchange kPEPEUSD	0.000005178	0.0704	get 0.0088% / 1h	20m 56s	$625	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.192%Rate

Funding earned: $122.22
Price spread: +0.192% → 0.000%: $19.16
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $122.38
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 8 min ago; 01 Exchange: 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, 8 min ago	1.45 bp	13.4 bp −$13	28.8 bp −$288	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	0.000005168	−0.011%	$19K	$649	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005160	−0.159%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005174	+0.114%	$60K	$183K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005165	−0.068%	$99.5M	$429.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005163	−0.099%	$163.8M	$99.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005155	−0.262%	$614K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005175	+0.131%	$28K	$547K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005165	−0.054%	$2K	$2.7M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005169	+0.017%	$602K	$4.2M	75x	as long as short
KuCoin PEPEUSDTMlong	+0.0122%	8h	0.000005168	long leg	$26.9M	$74.0M	75x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX 1000PEPE-USD	+0.0127%	1h	0.000005161	−0.137%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005168	−0.004%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0258%	8h	0.000005165	−0.050%	$46.4M	$220.0M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0312%	1h	0.000005181	+0.250%	$151K	$834K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0332%	1h	0.000005161	−0.137%	$74K	$127K	25x	as long as short
OKX PEPE-USDT-SWAP	+0.0362%	8h	0.000005164	−0.079%	$47.8M	$748.7M	50x	as long as short
Injective PEPE/USDC PERP	+0.0404%	1h	0.000005148	−0.389%	$8K	$120K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0413%	8h	0.000005160	−0.153%	$34K	$26K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0459%	8h	0.000005174	+0.109%	$6K	—	20x	as long as short
Phemex u1000PEPEUSDT	+0.0472%	8h	0.000005161	−0.137%	$2.4M	$8.1M	50x	as long as short
BloFin PEPE-USDT	+0.0484%	8h	0.000005164	−0.079%	$4.5M	$30.4M	75x	as long as short
Lighter 1000PEPE	+0.0504%	1h	0.000005166	−0.041%	$620K	$9.1M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0519%	1h	0.000005163	−0.099%	$79K	$889K	15x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0544%	1h	0.000005170	+0.037%	$688K	$39.9M	50x	as long as short
Nado kPEPE-PERP	+0.0694%	1h	0.000005170	+0.044%	$166K	$958K	10x	as long as short
BingX 1000PEPE-USDC	+0.0698%	8h	0.000005168	−0.004%	—	$2.3M	—	as long as short
01 Exchange kPEPEUSDshort	+0.0704%	1h	0.000005178	+0.192%	$625	$2K	10x
Kraken Futures PF_PEPEUSD	+0.0712%	1h	0.000005156	−0.229%	$4.8M	$16.7M	50x	as long as short
Extended 1000PEPE-USD	+0.0720%	1h	0.000005166	−0.034%	$542K	$284K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0720%	1h	0.000005167	−0.021%	$146K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0723%	8h	0.000005165	−0.064%	$1.7M	$11.9M	50x	as long as short
MEXC PEPE_USDT	+0.0723%	8h	0.000005165	−0.056%	$101.7M	$308.0M	300x	as long as short
Binance 1000PEPEUSDT	+0.0724%	8h	0.000005165	−0.056%	$142.3M	$1.50B	75x	as long as short
Hyperliquid kPEPE	+0.0952%	1h	0.000005167	−0.021%	$53.9M	$159.1M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1068% / S −0.1502%	1h	0.000005000	−3.253%	$47K	—	100x	as long as short