Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0884%/8h= −96.8% APRpaid last 24h −0.105%

Price spread now: Gate against 01 Exchange+0.020%7-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 Gate

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$27 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange kPEPEUSD	0.000005068	0.0984	pay 0.0123% / 1h	43m 12s	$611	$3K	10x
Short	Gate PEPE_USDT	0.000005069	0.0100	get 0.0100% / 8h	5h 43m	$166.0M	$73.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.020%Rate

Funding earned: −$185.64
Price spread: +0.020% → 0.000%: $1.97
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$205.67
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Gate: live order book, 6 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 Gate live order book, 6 min ago	2.99 bp	13.7 bp −$14	21.1 bp −$211	89.6 bp −$8,961	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	0.000005060	−0.157%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005068	−0.006%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005062	−0.118%	$64K	$135K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005070	+0.041%	$98.9M	$333.2M	50x	as long as short
Gate PEPE_USDTshort	+0.0100%	8h	0.000005069	+0.020%	$166.0M	$73.8M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005074	+0.120%	$25.6M	$62.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005073	+0.107%	$46.6M	$171.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005020	−0.955%	$706K	$4.6M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005025	−0.841%	$27K	$425K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005081	+0.264%	$1K	$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	0.000005060	−0.156%	$578K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005066	−0.031%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0300%	8h	0.000005075	+0.138%	$45.9M	$585.9M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0312%	8h	0.000005076	+0.162%	$33K	$24K	20x	as long as short
BloFin PEPE-USDT	+0.0419%	8h	0.000005074	+0.118%	$4.4M	$25.2M	75x	as long as short
BingX 1000PEPE-USDT	+0.0553%	8h	0.000005075	+0.132%	—	$260.7M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0565% / S −0.0867%	1h	0.000005000	−1.342%	$50K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005071	+0.059%	$863K	$31.1M	50x	as long as short
MEXC PEPE_USDT	+0.0591%	8h	0.000005072	+0.081%	$96.9M	$287.4M	300x	as long as short
Extended 1000PEPE-USD	+0.0592%	1h	0.000005074	+0.122%	$536K	$219K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0592%	1h	0.000005077	+0.178%	$144K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0595%	8h	0.000005073	+0.109%	$143.0M	$1.19B	75x	as long as short
Phemex u1000PEPEUSDT	+0.0613%	8h	0.000005079	+0.223%	$2.4M	$7.0M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0637%	1h	0.000005076	+0.158%	$2K	$12K	10x	as long as short
Aster 1000PEPEUSDT	+0.0683%	8h	0.000005067	−0.012%	$1.8M	$8.9M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0742%	8h	0.000005065	−0.051%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0769%	1h	0.000005035	−0.651%	$98K	$752K	25x	as long as short
Nado kPEPE-PERP	+0.0922%	1h	0.000005064	−0.088%	$184K	$866K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0934%	1h	0.000005074	+0.118%	$62K	$114K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0952%	1h	0.000005075	+0.144%	$100K	$617K	15x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005105	+0.730%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSDlong	+0.0984%	1h	0.000005068	long leg	$611	$3K	10x
Kraken Futures PF_PEPEUSD	+0.1371%	1h	0.000005076	+0.149%	$4.2M	$15.0M	50x	as long as short
Lighter 1000PEPE	+0.1600%	1h	0.000005078	+0.197%	$728K	$8.0M	10x	as long as short
Hyperliquid kPEPE	+0.1824%	1h	0.000005082	+0.276%	$55.8M	$137.4M	10x	as long as short