Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: Bybit against edgeX−0.251%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.251%, 7d avg −0.029%

Together, before fees−0.069%+ Points / potential airdropedgeX: Active · farm board−$7 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: Bybit is 0.221% cheaper against edgeX than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX 1000PEPEUSDC	0.000004955	0.0100	pay 0.0050% / 4h	1h 52m	$27K	$569K	20x
Short	Bybit 1000PEPEUSDT	0.000004943	0.0100	get 0.0100% / 8h	5h 52m	$94.2M	$442.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now −0.251%Rate

Funding earned: $0
Price spread: −0.251% → −0.029%: −$22.13
Slippage, 4 orders: −$6.55
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$48.68
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from edgeX: live order book, 58 min ago; Bybit: live order book, 4 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 edgeX live order book, 58 min ago	1.20 bp	5.8 bp −$6	52.9 bp −$529	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.01 bp	8.4 bp −$8	13.0 bp −$130	27.0 bp −$2,699	157.8 bp −$78.9K

PEPE on 35 exchanges

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
Kraken Futures PF_PEPEUSD	−0.0371%	1h	0.000004945	−0.201%	$4.6M	$16.1M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004943	−0.244%	$25K	$18K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	0.000004947	−0.170%	$57K	$115K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004943	−0.245%	$3K	—	150x	as long as short
01 Exchange kPEPEUSD	+0.0064%	1h	0.000004942	−0.271%	$596	$2K	10x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004948	−0.150%	$595K	$9.0M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004945	−0.210%	$50.0M	$154.9M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004947	−0.170%	$57K	$195K	10x	as long as short
Bybit 1000PEPEUSDTshort	+0.0100%	8h	0.000004943	−0.251%	$94.2M	$442.0M	50x
Gate PEPE_USDT	+0.0100%	8h	0.000004945	−0.210%	$152.1M	$102.0M	75x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004945	−0.214%	$24.9M	$75.8M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004942	−0.261%	$43.6M	$230.8M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004945	−0.212%	$75K	$990K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004937	−0.367%	$643K	$5.3M	—	as long as short
edgeX 1000PEPEUSDClong	+0.0100%	4h	0.000004955	long leg	$27K	$569K	20x
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004937	−0.372%	$143K	$850K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004951	−0.081%	$1K	$2.5M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004946	−0.190%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004945	−0.202%	$580K	$4.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004946	−0.200%	$2.3M	$8.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0111%	8h	0.000004945	−0.210%	$6K	—	20x	as long as short
Nado kPEPE-PERP	+0.0122%	1h	0.000004943	−0.251%	$146K	$943K	10x	as long as short
OKX PEPE-USDT-SWAP	+0.0135%	8h	0.000004944	−0.230%	$44.4M	$721.2M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004945	−0.220%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0259%	8h	0.000004948	−0.150%	$4.3M	$28.7M	75x	as long as short
Extended 1000PEPE-USD	+0.0280%	1h	0.000004940	−0.304%	$518K	$285K	25x	as long as short
Binance 1000PEPEUSDT	+0.0283%	8h	0.000004945	−0.205%	$128.2M	$1.53B	75x	as long as short
Injective PEPE/USDC PERP	+0.0284%	1h	0.000004940	−0.311%	$4K	$122K	12x	as long as short
MEXC PEPE_USDT	+0.0287%	8h	0.000004941	−0.289%	$101.8M	$295.0M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0288%	1h	0.000004947	−0.170%	$140K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0290%	8h	0.000004948	−0.148%	$1.7M	$12.5M	50x	as long as short
BingX 1000PEPE-USDC	+0.0310%	8h	0.000004942	−0.271%	—	$2.3M	—	as long as short
Orderly PERP_1000PEPE_USDC	+0.0346%	8h	0.000004947	−0.166%	$32K	$30K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004948	−0.150%	$755K	$38.8M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0839% / S −0.0953%	1h	0.000004000	−19.280%	$50K	—	100x	as long as short