Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Bitget+0.255%104s7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.314% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 4 days (all we have)+0.363%+$36 · spread now +0.255%, 7d avg −0.021%

Together, before fees+0.450%+ Points / potential airdropedgeX: Active · farm board+$45 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.276% dearer against Bitget than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.021%. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PEPEUSDT	0.000004999	0.0100	pay 0.0100% / 8h	6h 45m	$44.4M	$158.6M	75x
Short	edgeX 1000PEPEUSDC	0.000005012	0.0100	get 0.0050% / 4h	2h 45m	$46K	$388K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bitget. 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 BitgetbpFee edgeXbpOrdersPrice spread, now +0.255%Rate

Funding earned: $0
Price spread: +0.255% → −0.021%: $27.58
Slippage, 4 orders: −$10.37
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$3.78
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; edgeX: live order book, 23 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 Bitget live order book, 3 min ago	2.88 bp	10.3 bp −$10	12.7 bp −$127	doesn't fit	doesn't fit
Sell edgeX live order book, 23 min ago	1.38 bp	6.1 bp −$6	26.3 bp −$263	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	0.000005017	+0.356%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005009	+0.186%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005029	+0.592%	$62K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004996	−0.068%	$96.4M	$319.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004997	−0.048%	$158.9M	$69.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005000	+0.004%	$25.1M	$59.2M	75x	as long as short
Bitget PEPEUSDTlong	+0.0100%	8h	0.000004999	long leg	$44.4M	$158.6M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000005015	+0.306%	$559K	$4.5M	—	as long as short
edgeX 1000PEPEUSDCshort	+0.0100%	4h	0.000005012	+0.255%	$46K	$388K	20x
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005019	+0.392%	$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	0.000005022	+0.442%	$559K	$3.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005012	+0.260%	$2.4M	$6.8M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005017	+0.349%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0207%	8h	0.000005001	+0.032%	$44.2M	$554.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0275%	8h	0.000005013	+0.264%	$33K	$23K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0289%	1h	0.000005006	+0.132%	$106K	$752K	25x	as long as short
BloFin PEPE-USDT	+0.0318%	8h	0.000005008	+0.172%	$4.2M	$24.6M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0349%	1h	0.000005012	+0.252%	$61K	$114K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0418%	8h	0.000005030	+0.621%	$6K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005018	+0.372%	$648K	$28.7M	50x	as long as short
BingX 1000PEPE-USDT	+0.0455%	8h	0.000004999	−0.014%	—	$258.1M	—	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000005012	+0.252%	$142K	—	3x	as long as short
MEXC PEPE_USDT	+0.0486%	8h	0.000005005	+0.110%	$94.9M	$288.1M	300x	as long as short
Binance 1000PEPEUSDT	+0.0486%	8h	0.000005000	+0.003%	$138.6M	$1.16B	75x	as long as short
Extended 1000PEPE-USD	+0.0488%	1h	0.000004999	−0.001%	$552K	$199K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0505% / S −0.0411%	1h	0.000005000	+0.012%	$63K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0564%	8h	0.000005003	+0.066%	$1.7M	$8.0M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0579%	1h	0.000005012	+0.252%	$2K	$12K	10x	as long as short
Nado kPEPE-PERP	+0.0590%	1h	0.000005020	+0.414%	$178K	$883K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0831%	1h	0.000005012	+0.246%	$3.9M	$14.4M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0873%	1h	0.000005005	+0.118%	$102K	$625K	15x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005039	+0.792%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.0976%	1h	0.000005030	+0.612%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1232%	1h	0.000005007	+0.152%	$648K	$6.8M	10x	as long as short
Hyperliquid kPEPE	+0.2522%	1h	0.000005010	+0.212%	$55.3M	$134.9M	10x	as long as short