Settings8H · net · $10k
Funding arb · Price arb /

PEPE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.1242%/8h= −136.0% APRnext payment $1.55 per $10,000 · paid last 24h −0.093%
Price spread now: gTrade (Gains Network) against 01 Exchange−0.479%48s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and gTrade (Gains Network) is 0.479% cheaper against 01 Exchange than usual: you would sell low and buy high (−$48 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange kPEPEUSD0.0000048630.1248pay 0.0156% / 1h23m 37s$557$2K10x
ShortgTrade (Gains Network) PEPE/USD0.000004840L +0.0006% / S −0.0006%get 0.0001% / 1h23m 37s$14K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$260.91
Price spread: −0.479% → 0.000%
−$47.91
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$325.82
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample
Sell gTrade (Gains Network) no order-book sample
01 Exchange and gTrade (Gains Network): 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000004852−0.228%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDshortL +0.0006% / S −0.0006%1h0.000004840−0.479%$14K150x
Hyperliquid kPEPE+0.0100%1h0.000004857−0.123%$57.9M$71.1M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004857−0.123%$60K$113K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004856−0.144%$88.4M$274.3M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004853−0.206%$151.4M$62.0M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004853−0.197%$25.2M$53.0M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004837−0.528%$705K$3.7Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004818−0.926%$27K$337K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004854−0.177%$2K$2.4M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000004849−0.290%$558K$3.5M75xas long as short
OKX PEPE-USDT-SWAP+0.0148%8h0.000004859−0.082%$41.6M$490.3M50xas long as short
Bitget PEPEUSDT+0.0179%8h0.000004857−0.113%$43.0M$152.0M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004846−0.339%$7K15xas long as short
BloFin PEPE-USDT+0.0267%8h0.000004859−0.082%$3.9M$21.9M75xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0318% / S −0.0217%1h0.000004000−17.746%$52K100xas long as short
Orderly PERP_1000PEPE_USDC+0.0393%8h0.000004849−0.284%$30K$11K20xas long as short
Phemex u1000PEPEUSDT+0.0457%8h0.000004846−0.354%$2.3M$6.3M50xas long as short
Lighter 1000PEPE+0.0464%1h0.000004860−0.062%$620K$5.2M10xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0464%1h0.000004849−0.288%$581K$25.4M50xas long as short
Paradex kPEPE-USD-PERP+0.0466%8h0.000004859−0.083%$5K$1620xas long as short
Injective PEPE/USDC PERP+0.0555%1h0.000004847−0.329%$4K$110K12xas long as short
Backpack kPEPE_USDC_PERP+0.0639%1h0.000004850−0.263%$93K$623K15xas long as short
Nado kPEPE-PERP+0.0690%1h0.000004845−0.360%$191K$847K10xas long as short
ApeX Omni 1000PEPEUSDT+0.0736%1h0.000004809−1.110%$100K$760K25xas long as short
Kraken Futures PF_PEPEUSD+0.0756%1h0.000004845−0.373%$3.9M$13.0M50xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0783%1h0.000004846−0.350%$82K$94K25xas long as short
BingX 1000PEPE-USDT+0.0789%8h0.000004860−0.053%$255.0Mas long as short
SoDEX 1000PEPE-USD+0.0810%1h0.000004846−0.350%$2K$9K10xas long as short
Extended 1000PEPE-USD+0.0848%1h0.000004858−0.102%$534K$147K25xas long as short
Aevo 1000PEPE-PERP+0.0848%1h0.000004872+0.185%$138K3xas long as short
MEXC PEPE_USDT+0.0849%8h0.000004861−0.045%$91.4M$290.7M300xas long as short
Binance 1000PEPEUSDT+0.0850%8h0.000004861−0.045%$129.3M$1.02B75xas long as short
Aster 1000PEPEUSDT+0.0891%8h0.000004858−0.098%$1.5M$6.8M50xas long as short
01 Exchange kPEPEUSDlong+0.1248%1h0.000004863long leg$557$2K10x