Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0040%/8h= +4.3% APRpaid last 24h +0.026%

Price spread now: Binance against ApeX Omni−0.012%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.012%, 7d avg +0.032%

Together, before fees−0.026%−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.044% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.032%). If the spread goes back, that is −$4 on $10k: about 3.7 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.007% in total) that is about 42 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000PEPEUSDT	0.000004920	0.0100	pay 0.0013% / 1h	6m 50s	$109K	$870K	25x
Short	Binance 1000PEPEUSDT	0.000004919	0.0140	get 0.0140% / 8h	5h 06m	$127.0M	$1.53B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.012%Rate

Funding earned: $8.32
Price spread: −0.012% → +0.032%: −$4.41
Slippage, 4 orders: −$20.88
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$36.97
Costs to cover: 0.409%
Break-even: 38.1 days

Slippage from ApeX Omni: live order book, 40 min ago; Binance: live order book, 15 min ago.

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 ApeX Omni live order book, 40 min ago	6.77 bp	14.6 bp −$15	89.2 bp −$892	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.10 bp	6.9 bp −$7	12.1 bp −$121	43.7 bp −$4,366	doesn't fit

PEPE on 35 exchanges

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	−0.0373%	1h	0.000004915	−0.110%	$4.5M	$16.1M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	0.000004915	−0.102%	$61K	$119K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004921	+0.020%	$3K	—	150x	as long as short
01 Exchange kPEPEUSD	+0.0048%	1h	0.000004915	−0.102%	$593	$2K	10x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004921	+0.020%	$597K	$9.0M	10x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	0.000004915	−0.092%	$139K	$952K	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004919	−0.020%	$49.8M	$155.0M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004917	−0.061%	$58K	$198K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004920	−0.002%	$92.4M	$446.0M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004921	+0.020%	$44.0M	$718.8M	50x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PEPE_USDT	+0.0100%	8h	0.000004915	−0.102%	$148.8M	$104.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004916	−0.073%	$24.6M	$76.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004916	−0.075%	$43.7M	$233.8M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004916	−0.073%	$74K	$997K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004915	−0.097%	$638K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004919	−0.029%	$26K	$572K	20x	as long as short
ApeX Omni 1000PEPEUSDTlong	+0.0100%	1h	0.000004920	long leg	$109K	$870K	25x
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004927	+0.148%	$2K	$2.5M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004917	−0.061%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004920	+0.002%	$578K	$4.3M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004920	−0.010%	$2.3M	$8.1M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0107%	8h	0.000004916	−0.083%	$6K	—	20x	as long as short
Extended 1000PEPE-USD	+0.0136%	1h	0.000004917	−0.062%	$517K	$288K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0136%	1h	0.000004913	−0.142%	$139K	—	3x	as long as short
MEXC PEPE_USDT	+0.0139%	8h	0.000004918	−0.047%	$98.7M	$299.1M	300x	as long as short
Binance 1000PEPEUSDTshort	+0.0140%	8h	0.000004919	−0.012%	$127.0M	$1.53B	75x
Aster 1000PEPEUSDT	+0.0147%	8h	0.000004917	−0.057%	$1.7M	$12.6M	50x	as long as short
BingX 1000PEPE-USDT	+0.0154%	8h	0.000004919	−0.014%	—	$182.4M	—	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004923	+0.063%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004918	−0.041%	$4.2M	$28.3M	75x	as long as short
Injective PEPE/USDC PERP	+0.0284%	1h	0.000004904	−0.325%	$3K	$123K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0286%	8h	0.000004914	−0.128%	$32K	$30K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004916	−0.081%	$727K	$38.6M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0793% / S −0.0894%	1h	0.000004000	−18.699%	$50K	—	100x	as long as short
dYdX PEPE-USD	+0.3631%	1h	0.000004923	+0.053%	$25K	$18K	10x	as long as short