Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0335%/8h= −36.7% APRpaid last 24h +0.078%

Price spread now: 01 Exchange against BingX+0.178%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on 01 Exchange

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

The price spread pays, funding is against you. 01 Exchange is 0.178% dearer against BingX than usual: you sell high and buy low (spread +0.178% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000PEPE-USDC	0.000004779	0.0735	pay 0.0735% / 8h	1h 05m	—	$2.3M	—
Short	01 Exchange kPEPEUSD	0.000004788	0.0400	get 0.0050% / 1h	5m 56s	$548	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.178%Rate

Funding earned: −$70.35
Price spread: +0.178% → 0.000%: $17.78
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$69.57
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: BingX: live order book, 7 min ago; 01 Exchange: no order-book sample. 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 BingX live order book, 7 min ago	0.63 bp	13.0 bp −$13	21.2 bp −$212	89.1 bp −$8,912	210.3 bp −$105.2K
Sell 01 Exchange no order-book sample	—	—	—	—	—

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	0.000004786	+0.129%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004784	+0.096%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004784	+0.094%	$667K	$6.0M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004780	+0.010%	$63.1M	$83.9M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004789	+0.199%	$59K	$114K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004781	+0.031%	$87.0M	$283.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004783	+0.073%	$150.1M	$63.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004780	+0.010%	$24.7M	$54.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004794	+0.300%	$543K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004796	+0.339%	$28K	$344K	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	0.000004795	+0.328%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004785	+0.115%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004789	+0.207%	$541K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0105%	8h	0.000004780	+0.019%	$42.0M	$148.7M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004788	+0.175%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0220%	8h	0.000004782	+0.052%	$41.3M	$490.7M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0259%	8h	0.000004785	+0.118%	$5K	$16	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0332% / S −0.0359%	1h	0.000004000	−16.309%	$42K	—	100x	as long as short
Phemex u1000PEPEUSDT	+0.0333%	8h	0.000004784	+0.100%	$2.3M	$6.4M	50x	as long as short
BloFin PEPE-USDT	+0.0343%	8h	0.000004784	+0.094%	$3.9M	$22.1M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0377%	1h	0.000004788	+0.178%	$81K	$94K	25x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0397%	1h	0.000004791	+0.241%	$101K	$764K	25x	as long as short
01 Exchange kPEPEUSDshort	+0.0400%	1h	0.000004788	+0.178%	$548	$2K	10x
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004788	+0.178%	$578K	$25.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0448%	8h	0.000004790	+0.216%	$29K	$11K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0583%	1h	0.000004786	+0.128%	$92K	$615K	15x	as long as short
BingX 1000PEPE-USDClong	+0.0735%	8h	0.000004779	long leg	—	$2.3M	—
Extended 1000PEPE-USD	+0.0736%	1h	0.000004781	+0.024%	$526K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0736%	1h	0.000004791	+0.241%	$135K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0737%	8h	0.000004784	+0.088%	$130.3M	$1.04B	75x	as long as short
MEXC PEPE_USDT	+0.0740%	8h	0.000004782	+0.059%	$91.9M	$286.3M	300x	as long as short
Nado kPEPE-PERP	+0.0749%	1h	0.000004788	+0.178%	$184K	$845K	10x	as long as short
Aster 1000PEPEUSDT	+0.0750%	8h	0.000004785	+0.107%	$1.5M	$7.2M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004783	+0.073%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1333%	1h	0.000004785	+0.115%	$3.9M	$13.3M	50x	as long as short