Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0422%/8h= −46.2% APRpaid last 24h −0.075%

Price spread now: MEXC against 01 Exchange+0.291%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 MEXC

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 pays, funding is against you. MEXC is 0.291% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.291% now, against zero (this spread has no 7-day history yet)): +$29 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange kPEPEUSD	0.000005192	0.1160	pay 0.0145% / 1h	26m 17s	$626	$3K	10x
Short	MEXC PEPE_USDT	0.000005207	0.0738	get 0.0738% / 8h	4h 26m	$98.8M	$290.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.291%Rate

Funding earned: −$88.62
Price spread: +0.291% → 0.000%: $29.08
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$66.54
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago	0.38 bp	1.2 bp −$1	14.0 bp −$140	49.2 bp −$4,924	73.5 bp −$36.8K

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	0.000005199	+0.134%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005194	+0.037%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005207	+0.289%	$66K	$144K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005199	+0.139%	$101.4M	$354.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005198	+0.116%	$174.4M	$79.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005198	+0.108%	$26.3M	$65.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005188	−0.085%	$760K	$4.8M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005196	+0.080%	$37K	$459K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005209	+0.333%	$1K	$2.5M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005200	+0.156%	$590K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005214	+0.414%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0198%	8h	0.000005209	+0.320%	$48.2M	$178.6M	75x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005173	−0.366%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0347%	8h	0.000005208	+0.318%	$34K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0378%	8h	0.000005206	+0.270%	$49.2M	$629.9M	50x	as long as short
BloFin PEPE-USDT	+0.0497%	8h	0.000005214	+0.424%	$4.4M	$26.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0539%	8h	0.000005206	+0.270%	$2.6M	$7.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005200	+0.154%	$1.0M	$33.4M	50x	as long as short
BingX 1000PEPE-USDC	+0.0687%	8h	0.000005201	+0.169%	—	$2.3M	—	as long as short
Aevo 1000PEPE-PERP	+0.0736%	1h	0.000005211	+0.366%	$147K	—	3x	as long as short
MEXC PEPE_USDTshort	+0.0738%	8h	0.000005207	+0.291%	$98.8M	$290.4M	300x
Binance 1000PEPEUSDT	+0.0741%	8h	0.000005208	+0.302%	$149.9M	$1.25B	75x	as long as short
Extended 1000PEPE-USD	+0.0744%	1h	0.000005207	+0.294%	$550K	$226K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0775% / S −0.1561%	1h	0.000005000	−3.698%	$64K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0813%	8h	0.000005200	+0.154%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0834%	1h	0.000005220	+0.539%	$104K	$743K	25x	as long as short
Nado kPEPE-PERP	+0.0841%	1h	0.000005215	+0.440%	$194K	$897K	10x	as long as short
Aster 1000PEPEUSDT	+0.0850%	8h	0.000005210	+0.352%	$1.9M	$9.5M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0859%	1h	0.000005209	+0.327%	$2K	$10K	10x	as long as short
Lighter 1000PEPE	+0.0872%	1h	0.000005212	+0.385%	$599K	$8.3M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0904%	1h	0.000005206	+0.270%	$74K	$125K	25x	as long as short
01 Exchange kPEPEUSDlong	+0.1160%	1h	0.000005192	long leg	$626	$3K	10x
Backpack kPEPE_USDC_PERP	+0.1166%	1h	0.000005211	+0.366%	$99K	$666K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1250%	1h	0.000005209	+0.336%	$4.7M	$15.9M	50x	as long as short
Hyperliquid kPEPE	+0.1591%	1h	0.000005220	+0.539%	$56.3M	$141.8M	10x	as long as short