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 +0.003%

Price spread now: HTX against KuCoin+0.455%7-day average +0.041% · 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−$18as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 3 days (all we have)−0.364%−$36 · spread now +0.455%, 7d avg +0.041%

Together, before fees−0.312%−$31 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: HTX is 0.414% dearer against KuCoin than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PEPEUSDTM	0.000005029	0.0100	pay 0.0100% / 8h	5h 50m	$25.2M	$61.8M	75x
Short	HTX PEPE-USDT	0.000005051	0.0100	get 0.0100% / 8h	5h 50m	$577K	$3.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.455%Rate

Funding earned: $0
Price spread: +0.455% → +0.041%: $41.42
Slippage, 4 orders: −$35.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$18.17
Costs to cover: 0.596%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; HTX: live order book, 3 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, 4 min ago	2.17 bp	17.6 bp −$18	34.6 bp −$346	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	7.71 bp	14.2 bp −$14	33.7 bp −$337	117.0 bp −$11.7K	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	0.000005027	−0.032%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0009%	1h	0.000005038	+0.181%	$19K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005034	+0.107%	$62K	$128K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005008	−0.404%	$97.6M	$331.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005025	−0.072%	$164.6M	$73.3M	75x	as long as short
KuCoin PEPEUSDTMlong	+0.0100%	8h	0.000005029	long leg	$25.2M	$61.8M	75x
Bitget PEPEUSDT	+0.0100%	8h	0.000005012	−0.328%	$46.3M	$170.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005046	+0.336%	$704K	$4.6M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005068	+0.777%	$27K	$423K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005059	+0.612%	$2K	$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-USDTshort	+0.0100%	8h	0.000005051	+0.455%	$577K	$3.6M	75x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005011	−0.350%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0290%	8h	0.000005010	−0.370%	$45.3M	$576.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0303%	8h	0.000005053	+0.479%	$33K	$24K	20x	as long as short
BingX 1000PEPE-USDT	+0.0548%	8h	0.000005015	−0.268%	—	$260.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0551% / S −0.0839%	1h	0.000005000	−0.569%	$49K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005057	+0.565%	$848K	$30.8M	50x	as long as short
MEXC PEPE_USDT	+0.0581%	8h	0.000005017	−0.239%	$94.6M	$286.5M	300x	as long as short
Binance 1000PEPEUSDT	+0.0582%	8h	0.000005016	−0.257%	$141.6M	$1.19B	75x	as long as short
Extended 1000PEPE-USD	+0.0584%	1h	0.000005014	−0.290%	$533K	$219K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0584%	1h	0.000005056	+0.545%	$143K	—	3x	as long as short
Phemex u1000PEPEUSDT	+0.0610%	8h	0.000005043	+0.278%	$2.4M	$7.0M	50x	as long as short
Aster 1000PEPEUSDT	+0.0672%	8h	0.000005042	+0.273%	$1.7M	$8.9M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0710%	1h	0.000005054	+0.505%	$2K	$12K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0718%	8h	0.000005039	+0.202%	$6K	—	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0741%	1h	0.000005050	+0.426%	$61K	$114K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0947%	1h	0.000005053	+0.487%	$98K	$617K	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0953%	1h	0.000005062	+0.664%	$104K	$749K	25x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005105	+1.519%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.1048%	1h	0.000005018	−0.211%	$605	$3K	10x	as long as short
Nado kPEPE-PERP	+0.1094%	1h	0.000005014	−0.284%	$185K	$864K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1376%	1h	0.000005056	+0.554%	$4.2M	$14.9M	50x	as long as short
Hyperliquid kPEPE	+0.1768%	1h	0.000005019	−0.191%	$55.4M	$136.9M	10x	as long as short
Lighter 1000PEPE	+0.1840%	1h	0.000005043	+0.286%	$1.1M	$7.4M	10x	as long as short