Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: KuCoin against Gate+0.014%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$570.572% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 7 days−0.004%$0 · spread now +0.014%, 7d avg +0.008%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PEPE_USDT	0.000005044	0.0100	pay 0.0100% / 8h	6h 17m	$162.0M	$71.3M	75x
Short	KuCoin PEPEUSDTM	0.000005045	0.0100	get 0.0100% / 8h	6h 17m	$25.4M	$60.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.008%: $0.62
Slippage, 4 orders: −$30.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$56.59
Costs to cover: 0.572%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 2 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 Gate live order book, 2 min ago	1.98 bp	15.1 bp −$15	22.0 bp −$220	77.6 bp −$7,757	doesn't fit
Sell KuCoin live order book, 2 min ago	2.18 bp	12.1 bp −$12	19.8 bp −$198	doesn't fit	doesn't fit

PEPE on 34 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	0.000005038	−0.109%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005038	−0.127%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005043	−0.020%	$61K	$126K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005043	−0.020%	$97.7M	$324.3M	50x	as long as short
Gate PEPE_USDTlong	+0.0100%	8h	0.000005044	long leg	$162.0M	$71.3M	75x
KuCoin PEPEUSDTMshort	+0.0100%	8h	0.000005045	+0.014%	$25.4M	$60.9M	75x
Bitget PEPEUSDT	+0.0100%	8h	0.000005047	+0.063%	$45.5M	$162.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005056	+0.229%	$624K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005039	−0.103%	$27K	$422K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005045	+0.014%	$1K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005041	−0.050%	$566K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005044	+0.001%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0242%	8h	0.000005041	−0.059%	$45.0M	$568.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0281%	8h	0.000005041	−0.052%	$33K	$23K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0333%	1h	0.000005041	−0.059%	$106K	$747K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005053	+0.178%	$746K	$29.8M	50x	as long as short
BingX 1000PEPE-USDT	+0.0498%	8h	0.000005045	+0.016%	—	$259.1M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0517% / S −0.0546%	1h	0.000005000	−0.872%	$56K	—	100x	as long as short
MEXC PEPE_USDT	+0.0525%	8h	0.000005055	+0.218%	$94.7M	$291.2M	300x	as long as short
Extended 1000PEPE-USD	+0.0528%	1h	0.000005047	+0.061%	$554K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0528%	1h	0.000005042	−0.040%	$143K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0529%	8h	0.000005049	+0.099%	$142.2M	$1.17B	75x	as long as short
Phemex u1000PEPEUSDT	+0.0536%	8h	0.000005045	+0.024%	$2.4M	$7.0M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0566%	1h	0.000005046	+0.040%	$2K	$12K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0592%	8h	0.000005043	−0.013%	$6K	$16	20x	as long as short
Aster 1000PEPEUSDT	+0.0625%	8h	0.000005047	+0.057%	$1.7M	$8.2M	50x	as long as short
Nado kPEPE-PERP	+0.0653%	1h	0.000005040	−0.073%	$180K	$881K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0742%	1h	0.000005044	0.000%	$61K	$114K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0826%	1h	0.000005045	+0.016%	$4.0M	$14.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005098	+1.071%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0919%	1h	0.000005045	+0.022%	$98K	$618K	15x	as long as short
01 Exchange kPEPEUSD	+0.0952%	1h	0.000005044	0.000%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1656%	1h	0.000005058	+0.278%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2135%	1h	0.000005052	+0.159%	$55.6M	$136.0M	10x	as long as short