Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0706%/8h= −77.3% APRpaid last 24h −0.080%

Price spread now: Binance against 01 Exchange−0.166%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Binance

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—needs both histories

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Binance is 0.166% cheaper against 01 Exchange than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange kPEPEUSD	0.000004889	0.1512	pay 0.0189% / 1h	45m 17s	$560	$2K	10x
Short	Binance 1000PEPEUSDT	0.000004881	0.0806	get 0.0806% / 8h	2h 45m	$128.9M	$1.01B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against 01 Exchange. 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 01 ExchangebpFee BinancebpOrdersPrice spread, now −0.166%Rate

Funding earned: −$148.26
Price spread: −0.166% → 0.000%: −$16.57
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$181.83
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Binance: live order book, 14 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	0.41 bp	9.7 bp −$10	16.3 bp −$163	41.7 bp −$4,169	doesn't fit

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	0.000004881	−0.173%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004877	−0.250%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004883	−0.123%	$56.8M	$68.9M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004881	−0.164%	$57K	$109K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004879	−0.205%	$89.0M	$271.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004878	−0.225%	$148.9M	$60.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004878	−0.233%	$25.2M	$51.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004899	+0.195%	$716K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004908	+0.382%	$28K	$337K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004888	−0.031%	$2K	$2.4M	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	0.000004885	−0.076%	$555K	$3.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0111%	8h	0.000004881	−0.164%	$42.1M	$494.2M	50x	as long as short
Bitget PEPEUSDT	+0.0172%	8h	0.000004877	−0.237%	$44.7M	$150.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004882	−0.147%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0230%	8h	0.000004894	+0.102%	$4.0M	$21.8M	75x	as long as short
Lighter 1000PEPE	+0.0256%	1h	0.000004885	−0.082%	$600K	$5.1M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0319% / S −0.0217%	1h	0.000004000	−18.184%	$53K	—	100x	as long as short
Backpack kPEPE_USDC_PERP	+0.0322%	1h	0.000004882	−0.153%	$106K	$619K	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0349%	8h	0.000004882	−0.134%	$5K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0359%	8h	0.000004882	−0.135%	$30K	$10K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0419%	8h	0.000004884	−0.094%	$2.3M	$6.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004881	−0.164%	$584K	$25.7M	50x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004888	−0.020%	$4K	$92K	12x	as long as short
SoDEX 1000PEPE-USD	+0.0620%	1h	0.000004877	−0.245%	$2K	$9K	10x	as long as short
Nado kPEPE-PERP	+0.0656%	1h	0.000004879	−0.196%	$182K	$866K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0751%	1h	0.000004878	−0.219%	$3.9M	$12.8M	50x	as long as short
BingX 1000PEPE-USDT	+0.0756%	8h	0.000004883	−0.119%	—	$254.5M	—	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0776%	1h	0.000004880	−0.184%	$82K	$94K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000004886	−0.061%	$138K	—	3x	as long as short
MEXC PEPE_USDT	+0.0805%	8h	0.000004881	−0.174%	$91.9M	$287.7M	300x	as long as short
Binance 1000PEPEUSDTshort	+0.0806%	8h	0.000004881	−0.166%	$128.9M	$1.01B	75x
Extended 1000PEPE-USD	+0.0808%	1h	0.000004879	−0.199%	$538K	$146K	25x	as long as short
Aster 1000PEPEUSDT	+0.0869%	8h	0.000004883	−0.119%	$1.6M	$6.7M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0899%	1h	0.000004912	+0.470%	$102K	$758K	25x	as long as short
01 Exchange kPEPEUSDlong	+0.1512%	1h	0.000004889	long leg	$560	$2K	10x