Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0542%/8h= +59.3% APRpaid last 24h +0.086%

Price spread now: 01 Exchange against MEXC+0.348%7-day average — · you sell dearer than you buy

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

Long on MEXC 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 +$16 a day on $10k at the current rate, and 01 Exchange is 0.348% dearer against MEXC than usual: you sell high and buy low: +$35 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	MEXC PEPE_USDT	0.000005340	0.0794	pay 0.0794% / 8h	3h 52m	$103.9M	$291.7M	300x
Short	01 Exchange kPEPEUSD	0.000005359	0.1336	get 0.0167% / 1h	52m 21s	$646	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against MEXC. 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 MEXCbpFee 01 ExchangebpOrdersPrice spread, now +0.348%Rate

Funding earned: $113.82
Price spread: +0.348% → 0.000%: $34.83
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $141.65
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: MEXC: live order book, 2 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 MEXC live order book, 2 min ago	0.09 bp	0.5 bp −$1	22.4 bp −$224	52.0 bp −$5,198	83.7 bp −$41.9K
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	0.000005330	−0.203%	$20K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0007%	1h	0.000005336	−0.081%	$4K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005258	−1.543%	$3K	$110K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005331	−0.176%	$70K	$152K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005337	−0.062%	$104.0M	$368.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005332	−0.157%	$175.7M	$85.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005341	+0.009%	$26.9M	$67.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005279	−1.158%	$747K	$5.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005275	−1.228%	$38K	$491K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005339	−0.022%	$2K	$2.5M	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	0.000005345	+0.086%	$618K	$3.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005336	−0.084%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0247%	8h	0.000005343	+0.041%	$49.3M	$183.8M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0375%	8h	0.000005344	+0.060%	$36K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0409%	8h	0.000005342	+0.030%	$52.2M	$672.9M	50x	as long as short
BloFin PEPE-USDT	+0.0527%	8h	0.000005323	−0.326%	$4.6M	$27.9M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0609%	8h	0.000005336	−0.084%	$2.6M	$7.4M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005343	+0.049%	$757K	$36.2M	50x	as long as short
BingX 1000PEPE-USDT	+0.0746%	8h	0.000005346	+0.107%	—	$263.6M	—	as long as short
Extended 1000PEPE-USD	+0.0792%	1h	0.000005337	−0.056%	$566K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0792%	1h	0.000005343	+0.049%	$151K	—	3x	as long as short
MEXC PEPE_USDTlong	+0.0794%	8h	0.000005340	long leg	$103.9M	$291.7M	300x
Binance 1000PEPEUSDT	+0.0794%	8h	0.000005343	+0.050%	$155.8M	$1.30B	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0799%	8h	0.000005331	−0.169%	$6K	—	20x	as long as short
Nado kPEPE-PERP	+0.0847%	1h	0.000005343	+0.051%	$190K	$913K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0875%	1h	0.000005340	−0.007%	$76K	$126K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0876% / S −0.1728%	1h	0.000005000	−6.374%	$65K	—	100x	as long as short
SoDEX 1000PEPE-USD	+0.0894%	1h	0.000005338	−0.045%	$2K	$10K	10x	as long as short
Aster 1000PEPEUSDT	+0.0921%	8h	0.000005345	+0.087%	$1.9M	$9.8M	50x	as long as short
Lighter 1000PEPE	+0.0992%	1h	0.000005342	+0.030%	$626K	$8.5M	10x	as long as short
01 Exchange kPEPEUSDshort	+0.1336%	1h	0.000005359	+0.348%	$646	$3K	10x
Backpack kPEPE_USDC_PERP	+0.1419%	1h	0.000005329	−0.219%	$74K	$720K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1530%	1h	0.000005336	−0.078%	$4.9M	$16.2M	50x	as long as short
Hyperliquid kPEPE	+0.1713%	1h	0.000005348	+0.142%	$58.3M	$143.9M	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.1840%	1h	0.000005272	−1.281%	$174K	$798K	25x	as long as short