Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0247%/8h= +27.0% APRpaid last 24h −0.080%

Price spread now: BingX against 01 Exchange+0.178%58s7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on BingX

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 for this trade now. Funding pays +$7 a day on $10k at the current rate, and BingX is 0.178% dearer against 01 Exchange than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange kPEPEUSD	0.000004714	0.0312	pay 0.0039% / 1h	6m 45s	$540	$2K	10x
Short	BingX 1000PEPE-USDC	0.000004722	0.0559	get 0.0559% / 8h	6m 45s	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.178%Rate

Funding earned: $51.87
Price spread: +0.178% → 0.000%: $17.82
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $52.69
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BingX live order book, 1 min ago	0.42 bp	12.3 bp −$12	16.6 bp −$166	79.4 bp −$7,943	236.0 bp −$118.0K

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
Hyperliquid kPEPE	−0.0335%	1h	0.000004722	+0.170%	$68.4M	$98.8M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004727	+0.284%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004721	+0.140%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004724	+0.221%	$3.8M	$13.9M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004727	+0.276%	$55K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004729	+0.312%	$86.9M	$294.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004729	+0.318%	$149.8M	$65.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004729	+0.316%	$24.1M	$54.8M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004731	+0.369%	$41.8M	$151.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004715	+0.017%	$567K	$4.2M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004722	+0.177%	$25K	$350K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004722	+0.170%	$99K	$754K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004733	+0.414%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004728	+0.297%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004714	+0.006%	$532K	$3.5M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0177%	8h	0.000004731	+0.357%	$5K	$16	20x	as long as short
Lighter 1000PEPE	+0.0184%	1h	0.000004732	+0.382%	$571K	$6.6M	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004724	+0.222%	$7K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0192%	8h	0.000004729	+0.310%	$2.3M	$6.5M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0200%	8h	0.000004734	+0.424%	$41.9M	$495.9M	50x	as long as short
01 Exchange kPEPEUSDlong	+0.0312%	1h	0.000004714	long leg	$540	$2K	10x
BloFin PEPE-USDT	+0.0325%	8h	0.000004730	+0.339%	$3.9M	$22.3M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0349%	8h	0.000004725	+0.233%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0389% / S −0.0427%	1h	0.000004000	−15.146%	$43K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004711	−0.064%	$568K	$25.3M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004728	+0.297%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0526%	1h	0.000004731	+0.350%	$92K	$603K	15x	as long as short
Aster 1000PEPEUSDT	+0.0558%	8h	0.000004729	+0.316%	$1.5M	$7.3M	50x	as long as short
BingX 1000PEPE-USDCshort	+0.0559%	8h	0.000004722	+0.178%	—	$2.3M	—
Binance 1000PEPEUSDT	+0.0566%	8h	0.000004731	+0.352%	$132.3M	$1.07B	75x	as long as short
Extended 1000PEPE-USD	+0.0568%	1h	0.000004733	+0.404%	$518K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0568%	8h	0.000004733	+0.399%	$88.5M	$283.4M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0576%	1h	0.000004725	+0.233%	$134K	—	3x	as long as short
Nado kPEPE-PERP	+0.0614%	1h	0.000004721	+0.148%	$178K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0809%	1h	0.000004727	+0.276%	$76K	$98K	25x	as long as short