Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0634%/8h= +69.4% APRpaid last 24h +0.043%

Price spread now: 01 Exchange against BloFin−0.439%518s7-day average — · you buy dearer than you sell

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

Long on BloFin 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

Funding pays, the price is against you. 01 Exchange is 0.439% cheaper against BloFin than usual: you would sell low and buy high (spread −0.439% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$44 on $10k: about 2.3 days of funding at the current rate (+$19 a day). The two prices were read 518 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	BloFin PEPE-USDT	0.000005008	0.0318	pay 0.0318% / 8h	6h 40m	$4.2M	$24.6M	75x
Short	01 Exchange kPEPEUSD	0.000004986	0.0952	get 0.0119% / 1h	40m 02s	$1K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against BloFin. 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 BloFinbpFee 01 ExchangebpOrdersPrice spread, now −0.439%Rate

Funding earned: $133.16
Price spread: −0.439% → 0.000%: −$43.93
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $70.23
Costs to cover: 0.190%
Break-even: 3.3 days

Slippage unknown: BloFin: live order book, 9 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 BloFin live order book, 9 min ago	3.98 bp	10.0 bp −$10	12.9 bp −$129	32.7 bp −$3,270	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	0.000004979	−0.574%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004973	−0.689%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004984	−0.479%	$61K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005000	−0.158%	$96.8M	$320.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004996	−0.240%	$159.2M	$70.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005000	−0.150%	$24.9M	$59.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005005	−0.054%	$44.4M	$159.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005000	−0.165%	$564K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005038	+0.590%	$27K	$405K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004981	−0.531%	$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	0.000005000	−0.170%	$562K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004972	−0.718%	$8K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0204%	8h	0.000005000	−0.152%	$2.4M	$6.8M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0217%	8h	0.000005004	−0.080%	$44.1M	$557.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0273%	8h	0.000004990	−0.361%	$33K	$23K	20x	as long as short
BloFin PEPE-USDTlong	+0.0318%	8h	0.000005008	long leg	$4.2M	$24.6M	75x
ApeX Omni 1000PEPEUSDT	+0.0318%	1h	0.000005030	+0.439%	$107K	$751K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005004	−0.080%	$645K	$28.7M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0453%	8h	0.000004985	−0.459%	$6K	$16	20x	as long as short
BingX 1000PEPE-USDT	+0.0467%	8h	0.000005004	−0.084%	—	$258.3M	—	as long as short
Aevo 1000PEPE-PERP	+0.0488%	1h	0.000004984	−0.479%	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0493%	8h	0.000005005	−0.052%	$94.2M	$288.7M	300x	as long as short
Binance 1000PEPEUSDT	+0.0495%	8h	0.000005001	−0.131%	$139.8M	$1.16B	75x	as long as short
Extended 1000PEPE-USD	+0.0496%	1h	0.000004996	−0.248%	$549K	$199K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0505% / S −0.0383%	1h	0.000004000	−20.128%	$64K	—	100x	as long as short
SoDEX 1000PEPE-USD	+0.0556%	1h	0.000004996	−0.240%	$2K	$12K	10x	as long as short
Aster 1000PEPEUSDT	+0.0573%	8h	0.000005001	−0.137%	$1.7M	$8.0M	50x	as long as short
Nado kPEPE-PERP	+0.0665%	1h	0.000004969	−0.769%	$174K	$880K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0753%	1h	0.000004992	−0.319%	$61K	$114K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0833%	1h	0.000005001	−0.131%	$3.9M	$14.4M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0881%	1h	0.000005005	−0.060%	$102K	$626K	15x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005028	+0.399%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSDshort	+0.0952%	1h	0.000004986	−0.439%	$1K	$2K	10x
Lighter 1000PEPE	+0.1288%	1h	0.000005011	+0.060%	$651K	$6.8M	10x	as long as short
Hyperliquid kPEPE	+0.2399%	1h	0.000005011	+0.060%	$55.4M	$135.3M	10x	as long as short