Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.014%

Price spread now: Extended against BingX−0.004%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$440.441% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.004%, 7d avg −0.019%

Together, before fees−0.056%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000PEPE-USDC	0.000005038	0.0457	pay 0.0457% / 8h	6h 44m	—	$2.3M	—
Short	Extended 1000PEPE-USD	0.000005038	0.0488	get 0.0061% / 1h	44m 02s	$554K	$199K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.004%Rate

Funding earned: $6.51
Price spread: −0.004% → −0.019%: $1.52
Slippage, 4 orders: −$29.11
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$36.07
Costs to cover: 0.441%
Break-even: 45.8 days

Slippage from BingX: live order book, 4 min ago; Extended: live order book, 24 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 BingX live order book, 4 min ago	1.19 bp	14.1 bp −$14	19.2 bp −$192	92.9 bp −$9,294	292.1 bp −$146.0K
Sell Extended live order book, 24 min ago	2.95 bp	7.4 bp −$7	42.4 bp −$424	doesn't fit	doesn't fit

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	0.000005009	−0.584%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005039	+0.026%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005012	−0.518%	$61K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005036	−0.052%	$97.3M	$319.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005041	+0.058%	$160.3M	$69.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005044	+0.113%	$25.2M	$59.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005040	+0.040%	$44.7M	$158.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005015	−0.464%	$559K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005028	−0.202%	$46K	$388K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005039	+0.016%	$2K	$2.5M	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	0.000005036	−0.052%	$566K	$3.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005036	−0.036%	$2.4M	$6.8M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0158%	1h	0.000005031	−0.141%	$107K	$752K	25x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005030	−0.154%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0211%	8h	0.000005038	−0.002%	$44.6M	$559.1M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0275%	8h	0.000005047	+0.177%	$33K	$23K	20x	as long as short
BloFin PEPE-USDT	+0.0318%	8h	0.000005008	−0.597%	$4.2M	$24.6M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005044	+0.117%	$655K	$28.9M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0434%	8h	0.000005020	−0.356%	$6K	$16	20x	as long as short
BingX 1000PEPE-USDClong	+0.0457%	8h	0.000005038	long leg	—	$2.3M	—
Extended 1000PEPE-USDshort	+0.0488%	1h	0.000005038	−0.004%	$554K	$199K	25x
MEXC PEPE_USDT	+0.0488%	8h	0.000005042	+0.081%	$95.8M	$288.3M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0488%	1h	0.000005043	+0.097%	$143K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0489%	8h	0.000005041	+0.067%	$140.9M	$1.16B	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0506% / S −0.0411%	1h	0.000005000	−0.756%	$63K	—	100x	as long as short
SoDEX 1000PEPE-USD	+0.0542%	1h	0.000005043	+0.097%	$2K	$12K	10x	as long as short
Aster 1000PEPEUSDT	+0.0566%	8h	0.000005042	+0.083%	$1.7M	$8.0M	50x	as long as short
Nado kPEPE-PERP	+0.0619%	1h	0.000005031	−0.134%	$178K	$883K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0826%	1h	0.000005043	+0.089%	$4.0M	$14.4M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0904%	1h	0.000005051	+0.260%	$103K	$625K	15x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005035	−0.062%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.0960%	1h	0.000005040	+0.038%	$1K	$2K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1138%	1h	0.000005049	+0.216%	$61K	$114K	25x	as long as short
Lighter 1000PEPE	+0.1304%	1h	0.000005048	+0.197%	$653K	$6.8M	10x	as long as short
Hyperliquid kPEPE	+0.2512%	1h	0.000005054	+0.316%	$55.9M	$135.0M	10x	as long as short