Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0692%/8h= +75.8% APRpaid last 24h +0.122%

Price spread now: 01 Exchange against Bitget−0.107%47s7-day average — · you buy dearer than you sell

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

Long on Bitget Short on 01 Exchange

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

Funding pays, the price is against you. 01 Exchange is 0.107% cheaper against Bitget than usual: you would sell low and buy high (spread −0.107% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 12 hours of funding at the current rate (+$21 a day). The two prices were read 47 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	0.000005244	0.0300	pay 0.0300% / 8h	3h 23m	$50.9M	$190.6M	75x
Short	01 Exchange kPEPEUSD	0.000005238	0.0992	get 0.0124% / 1h	23m 45s	$632	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.107%Rate

Funding earned: $145.32
Price spread: −0.107% → 0.000%: −$10.68
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $115.64
Costs to cover: 0.190%
Break-even: 1.4 days

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	1.99 bp	9.3 bp −$9	13.3 bp −$133	38.1 bp −$3,815	doesn't fit
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	0.000005210	−0.642%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005229	−0.286%	$14K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	+1.591%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005219	−0.469%	$66K	$162K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005240	−0.061%	$107.0M	$380.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005223	−0.393%	$172.5M	$88.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005235	−0.170%	$25.9M	$68.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005215	−0.554%	$677K	$5.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005260	+0.310%	$29K	$533K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005236	−0.143%	$1K	$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	0.000005238	−0.109%	$587K	$3.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005234	−0.192%	$8K	—	15x	as long as short
Bitget PEPEUSDTlong	+0.0300%	8h	0.000005244	long leg	$50.9M	$190.6M	75x
Orderly PERP_1000PEPE_USDC	+0.0394%	8h	0.000005233	−0.204%	$35K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0433%	8h	0.000005244	+0.008%	$50.4M	$677.4M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0443%	8h	0.000005220	−0.445%	$6K	—	20x	as long as short
SoDEX 1000PEPE-USD	+0.0502%	1h	0.000005232	−0.221%	$2K	$10K	10x	as long as short
BloFin PEPE-USDT	+0.0563%	8h	0.000005234	−0.183%	$4.9M	$28.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0652%	8h	0.000005231	−0.248%	$2.5M	$7.6M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005233	−0.202%	$720K	$36.3M	50x	as long as short
BingX 1000PEPE-USDC	+0.0761%	8h	0.000005231	−0.250%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0799%	8h	0.000005231	−0.240%	$100.7M	$295.8M	300x	as long as short
Extended 1000PEPE-USD	+0.0800%	1h	0.000005230	−0.259%	$553K	$231K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005226	−0.336%	$148K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0801%	8h	0.000005236	−0.138%	$152.5M	$1.33B	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0843%	1h	0.000005254	+0.198%	$161K	$808K	25x	as long as short
Nado kPEPE-PERP	+0.0884%	1h	0.000005234	−0.174%	$188K	$916K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0898%	1h	0.000005233	−0.202%	$74K	$126K	25x	as long as short
Aster 1000PEPEUSDT	+0.0910%	8h	0.000005232	−0.226%	$1.8M	$10.3M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0959% / S −0.1916%	1h	0.000005000	−4.646%	$64K	—	100x	as long as short
01 Exchange kPEPEUSDshort	+0.0992%	1h	0.000005238	−0.107%	$632	$3K	10x
Backpack kPEPE_USDC_PERP	+0.1161%	1h	0.000005233	−0.195%	$68K	$724K	15x	as long as short
Lighter 1000PEPE	+0.1232%	1h	0.000005233	−0.202%	$634K	$8.8M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1561%	1h	0.000005229	−0.278%	$4.8M	$16.4M	50x	as long as short
Hyperliquid kPEPE	+0.1583%	1h	0.000005248	+0.084%	$57.1M	$145.7M	10x	as long as short