Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.084%

Price spread now: KuCoin against 01 Exchange−0.142%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 KuCoin

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 −$10 a day on $10k at the current rate, and KuCoin is 0.142% cheaper against 01 Exchange than usual: you would sell low and buy high (−$14 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	0.000004940	0.0440	pay 0.0055% / 1h	36m 59s	$1K	$2K	10x
Short	KuCoin PEPEUSDTM	0.000004933	0.0100	get 0.0100% / 8h	7h 36m	$25.2M	$55.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.142%Rate

Funding earned: −$71.4
Price spread: −0.142% → 0.000%: −$14.17
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$104.57
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	0.82 bp	14.6 bp −$15	23.3 bp −$233	doesn't fit	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
Kraken Futures PF_PEPEUSD	−0.0119%	1h	0.000004934	−0.130%	$4.0M	$13.9M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004913	−0.541%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004928	−0.243%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004915	−0.506%	$58K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004935	−0.101%	$90.4M	$300.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004929	−0.223%	$156.3M	$65.5M	75x	as long as short
KuCoin PEPEUSDTMshort	+0.0100%	8h	0.000004933	−0.142%	$25.2M	$55.8M	75x
Bitget PEPEUSDT	+0.0100%	8h	0.000004935	−0.099%	$43.2M	$151.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004891	−0.997%	$572K	$4.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004900	−0.814%	$26K	$352K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004942	+0.034%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004933	−0.142%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004930	−0.204%	$560K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004923	−0.350%	$2.4M	$6.6M	50x	as long as short
Hyperliquid kPEPE	+0.0116%	1h	0.000004942	+0.040%	$59.3M	$113.2M	10x	as long as short
OKX PEPE-USDT-SWAP	+0.0188%	8h	0.000004941	+0.020%	$43.4M	$523.0M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004936	−0.090%	$7K	—	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0193%	8h	0.000004918	−0.451%	$6K	$16	20x	as long as short
Lighter 1000PEPE	+0.0232%	1h	0.000004935	−0.101%	$577K	$6.7M	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0300%	8h	0.000004927	−0.265%	$30K	$13K	20x	as long as short
BloFin PEPE-USDT	+0.0307%	8h	0.000004937	−0.061%	$4.0M	$23.4M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004939	−0.020%	$591K	$26.7M	50x	as long as short
Nado kPEPE-PERP	+0.0411%	1h	0.000004938	−0.048%	$193K	$852K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0439%	1h	0.000004899	−0.830%	$101K	$753K	25x	as long as short
01 Exchange kPEPEUSDlong	+0.0440%	1h	0.000004940	long leg	$1K	$2K	10x
GMX PEPE/USD [ETH-USDC]	L +0.0460% / S −0.0686%	1h	0.000004000	−19.028%	$46K	—	100x	as long as short
BingX 1000PEPE-USDC	+0.0504%	8h	0.000004927	−0.261%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0508%	8h	0.000004933	−0.146%	$97.5M	$282.4M	300x	as long as short
Binance 1000PEPEUSDT	+0.0509%	8h	0.000004930	−0.202%	$138.1M	$1.09B	75x	as long as short
Extended 1000PEPE-USD	+0.0512%	1h	0.000004935	−0.110%	$541K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0512%	1h	0.000004930	−0.202%	$139K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0527%	8h	0.000004932	−0.156%	$1.5M	$7.5M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0577%	1h	0.000004937	−0.067%	$92K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004915	−0.506%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0968%	1h	0.000004931	−0.182%	$70K	$107K	25x	as long as short