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: Gate against KuCoin−0.006%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$560.558% of the position

Long on KuCoin Short on Gate

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−0.002%$0 · spread now −0.006%, 7d avg −0.009%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PEPEUSDTM	0.000004995	0.0100	pay 0.0100% / 8h	7h 02m	$25.2M	$58.0M	75x
Short	Gate PEPE_USDT	0.000004995	0.0100	get 0.0100% / 8h	7h 02m	$160.2M	$69.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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 KuCoinbpFee GatebpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.009%: $0.27
Slippage, 4 orders: −$28.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$55.48
Costs to cover: 0.558%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Gate: 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 KuCoin live order book, 2 min ago	1.59 bp	17.3 bp −$17	38.1 bp −$381	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.99 bp	13.0 bp −$13	21.7 bp −$217	67.9 bp −$6,789	doesn't fit

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
Kraken Futures PF_PEPEUSD	−0.0117%	1h	0.000004984	−0.224%	$3.9M	$14.3M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005002	+0.127%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0009%	1h	0.000004996	+0.012%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005002	+0.134%	$59K	$120K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004994	−0.026%	$95.2M	$312.3M	50x	as long as short
Gate PEPE_USDTshort	+0.0100%	8h	0.000004995	−0.006%	$160.2M	$69.5M	75x
KuCoin PEPEUSDTMlong	+0.0100%	8h	0.000004995	long leg	$25.2M	$58.0M	75x
Bitget PEPEUSDT	+0.0100%	8h	0.000004991	−0.080%	$44.3M	$156.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005053	+1.146%	$591K	$4.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005083	+1.760%	$46K	$386K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004990	−0.104%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004987	−0.166%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004998	+0.052%	$559K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004991	−0.078%	$2.4M	$6.8M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0188%	8h	0.000004996	+0.014%	$44.3M	$544.7M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004998	+0.052%	$8K	—	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0235%	1h	0.000005063	+1.355%	$111K	$752K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0269%	8h	0.000005001	+0.106%	$32K	$22K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0307%	8h	0.000004990	−0.110%	$6K	$16	20x	as long as short
BloFin PEPE-USDT	+0.0313%	8h	0.000005013	+0.354%	$4.1M	$24.4M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0351%	1h	0.000004990	−0.106%	$61K	$114K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004991	−0.086%	$626K	$27.9M	50x	as long as short
BingX 1000PEPE-USDT	+0.0452%	8h	0.000004997	+0.042%	—	$257.7M	—	as long as short
Extended 1000PEPE-USD	+0.0472%	1h	0.000004991	−0.082%	$549K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0472%	1h	0.000004998	+0.054%	$141K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0473%	8h	0.000005000	+0.084%	$138.2M	$1.13B	75x	as long as short
MEXC PEPE_USDT	+0.0475%	8h	0.000004997	+0.032%	$96.4M	$293.6M	300x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0500% / S −0.0406%	1h	0.000004000	−19.925%	$62K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0530%	8h	0.000004986	−0.179%	$1.7M	$7.8M	50x	as long as short
Nado kPEPE-PERP	+0.0598%	1h	0.000004994	−0.029%	$184K	$867K	10x	as long as short
Lighter 1000PEPE	+0.0624%	1h	0.000005015	+0.394%	$649K	$6.9M	10x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000005069	+1.475%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0663%	1h	0.000005020	+0.504%	$95K	$601K	15x	as long as short
01 Exchange kPEPEUSD	+0.0672%	1h	0.000004996	+0.014%	$1K	$2K	10x	as long as short
Hyperliquid kPEPE	+0.2302%	1h	0.000005014	+0.374%	$55.7M	$133.3M	10x	as long as short