Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.030%

Price spread now: KuCoin against OKX+0.016%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.011%+$1 · spread now +0.016%, 7d avg +0.006%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PEPE-USDT-SWAP	0.000004911	0.0100	pay 0.0100% / 8h	5h 27m	$43.6M	$717.7M	50x
Short	KuCoin PEPEUSDTM	0.000004912	0.0100	get 0.0100% / 8h	5h 27m	$24.4M	$76.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → +0.006%: $1.03
Slippage, 4 orders: −$23.06
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$44.03
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; KuCoin: live order book, 5 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 OKX live order book, 5 min ago	1.02 bp	9.0 bp −$9	13.7 bp −$137	32.9 bp −$3,285	doesn't fit
Sell KuCoin live order book, 5 min ago	0.51 bp	13.6 bp −$14	24.9 bp −$249	doesn't fit	doesn't fit

PEPE on 35 exchanges

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
Kraken Futures PF_PEPEUSD	−0.0374%	1h	0.000004905	−0.132%	$4.5M	$16.0M	50x	as long as short
01 Exchange kPEPEUSD	0.0000%	1h	0.000004910	−0.020%	$592	$2K	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004903	−0.169%	$3K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004911	0.000%	$597K	$9.0M	10x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	0.000004908	−0.061%	$139K	$952K	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004909	−0.041%	$49.4M	$155.3M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004912	+0.020%	$58K	$197K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004909	−0.035%	$92.4M	$445.4M	50x	as long as short
OKX PEPE-USDT-SWAPlong	+0.0100%	8h	0.000004911	long leg	$43.6M	$717.7M	50x
Gate PEPE_USDT	+0.0100%	8h	0.000004907	−0.081%	$149.0M	$103.8M	75x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTMshort	+0.0100%	8h	0.000004912	+0.016%	$24.4M	$76.1M	75x
Bitget PEPEUSDT	+0.0100%	8h	0.000004910	−0.018%	$43.9M	$233.8M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004907	−0.079%	$74K	$996K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004904	−0.135%	$637K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004906	−0.100%	$26K	$573K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004909	−0.041%	$108K	$869K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004913	+0.043%	$1K	$2.5M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004907	−0.081%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004910	−0.026%	$580K	$4.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004911	−0.006%	$2.3M	$8.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0107%	8h	0.000004906	−0.110%	$5K	—	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0158%	1h	0.000004906	−0.102%	$60K	$119K	25x	as long as short
MEXC PEPE_USDT	+0.0188%	8h	0.000004906	−0.104%	$98.1M	$297.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0189%	8h	0.000004907	−0.074%	$126.2M	$1.53B	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004908	−0.064%	$7K	—	15x	as long as short
Extended 1000PEPE-USD	+0.0192%	1h	0.000004908	−0.054%	$515K	$288K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0192%	1h	0.000004905	−0.122%	$139K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0197%	8h	0.000004907	−0.083%	$1.7M	$12.6M	50x	as long as short
BingX 1000PEPE-USDT	+0.0200%	8h	0.000004908	−0.069%	—	$182.5M	—	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004910	−0.020%	$4.2M	$28.5M	75x	as long as short
Injective PEPE/USDC PERP	+0.0284%	1h	0.000004904	−0.143%	$3K	$123K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0307%	8h	0.000004910	−0.026%	$32K	$30K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004907	−0.081%	$717K	$38.5M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0793% / S −0.0894%	1h	0.000004000	−18.550%	$50K	—	100x	as long as short
dYdX PEPE-USD	+0.4408%	1h	0.000004907	−0.075%	$25K	$18K	10x	as long as short