Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.033%

Price spread now: KuCoin against gTrade (Gains Network)−0.012%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on KuCoin

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PEPE/USD	0.000004981	L +0.0005% / S −0.0005%	pay 0.0001% / 1h	3m 51s	$3K	—	150x
Short	KuCoin PEPEUSDTM	0.000004981	0.0100	get 0.0100% / 8h	6h 03m	$25.2M	$75.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now −0.012%Rate

Funding earned: $19.9
Price spread: −0.012% → 0.000%: −$1.2
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$3.3
Costs to cover: 0.220%
Break-even: 8.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	2.11 bp	15.9 bp −$16	25.3 bp −$253	doesn't fit	doesn't fit

gTrade (Gains Network): 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 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
gTrade (Gains Network) PEPE/USDlong	L +0.0005% / S −0.0005%	1h	0.000004981	long leg	$3K	—	150x
Kraken Futures PF_PEPEUSD	+0.0026%	1h	0.000004982	+0.007%	$4.6M	$16.7M	50x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004985	+0.070%	$598K	$9.0M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004983	+0.030%	$50.4M	$155.9M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004987	+0.110%	$57K	$197K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004981	−0.002%	$94.8M	$443.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004982	+0.010%	$155.5M	$102.1M	75x	as long as short
KuCoin PEPEUSDTMshort	+0.0100%	8h	0.000004981	−0.012%	$25.2M	$75.9M	75x
Bitget PEPEUSDT	+0.0100%	8h	0.000004980	−0.024%	$45.4M	$225.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004978	−0.064%	$642K	$5.3M	—	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004959	−0.461%	$27K	$570K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004955	−0.532%	$144K	$848K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004988	+0.128%	$1K	$2.6M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004983	+0.030%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004987	+0.108%	$585K	$4.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004985	+0.066%	$2.3M	$8.0M	50x	as long as short
01 Exchange kPEPEUSD	+0.0104%	1h	0.000004980	−0.030%	$601	$2K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0114%	8h	0.000004984	+0.046%	$6K	—	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0151%	1h	0.000004984	+0.050%	$57K	$122K	25x	as long as short
Nado kPEPE-PERP	+0.0154%	1h	0.000004982	+0.016%	$137K	$945K	10x	as long as short
OKX PEPE-USDT-SWAP	+0.0164%	8h	0.000004982	+0.010%	$44.8M	$729.8M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004980	−0.030%	$8K	—	15x	as long as short
Backpack kPEPE_USDC_PERP	+0.0225%	1h	0.000004983	+0.034%	$77K	$989K	15x	as long as short
BloFin PEPE-USDT	+0.0288%	8h	0.000004983	+0.030%	$4.3M	$28.9M	75x	as long as short
Binance 1000PEPEUSDT	+0.0333%	8h	0.000004986	+0.081%	$129.2M	$1.53B	75x	as long as short
Aster 1000PEPEUSDT	+0.0336%	8h	0.000004987	+0.113%	$1.8M	$12.5M	50x	as long as short
Extended 1000PEPE-USD	+0.0336%	1h	0.000004982	0.000%	$522K	$285K	25x	as long as short
MEXC PEPE_USDT	+0.0336%	8h	0.000004987	+0.106%	$101.8M	$308.8M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0336%	1h	0.000004982	+0.010%	$141K	—	3x	as long as short
BingX 1000PEPE-USDC	+0.0345%	8h	0.000004977	−0.094%	—	$2.3M	—	as long as short
Injective PEPE/USDC PERP	+0.0363%	1h	0.000004968	−0.271%	$5K	$122K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0366%	8h	0.000004982	+0.014%	$32K	$30K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004985	+0.070%	$691K	$38.9M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0839% / S −0.0953%	1h	0.000004000	−19.703%	$51K	—	100x	as long as short
dYdX PEPE-USD	+0.7225%	1h	0.000004982	+0.017%	$25K	$18K	10x	as long as short