Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.029%

Price spread now: Reya against KuCoin−0.001%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds 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	KuCoin PEPEUSDTM	0.000005349	0.0100	pay 0.0100% / 8h	3h 40m	$27.1M	$67.8M	75x
Short	Reya kPEPERUSDPERP	0.000005349	0.0189	get 0.0024% / 1h	40m 22s	$8K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.001%Rate

Funding earned: $18.67
Price spread: −0.001% → 0.000%: −$0.07
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $0.6
Costs to cover: 0.180%
Break-even: 6.8 days

Slippage unknown: KuCoin: live order book, 4 min ago; Reya: no order-book sample. 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 KuCoin live order book, 4 min ago	1.59 bp	16.2 bp −$16	27.5 bp −$275	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 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	0.000005334	−0.285%	$20K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005340	−0.179%	$15K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	−0.415%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005339	−0.191%	$70K	$153K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005341	−0.144%	$108.5M	$375.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005341	−0.153%	$176.9M	$86.8M	75x	as long as short
KuCoin PEPEUSDTMlong	+0.0100%	8h	0.000005349	long leg	$27.1M	$67.8M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000005316	−0.629%	$749K	$5.1M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005331	−0.342%	$48K	$502K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005350	+0.006%	$2K	$2.5M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005346	−0.064%	$609K	$3.9M	75x	as long as short
Reya kPEPERUSDPERPshort	+0.0189%	1h	0.000005349	−0.001%	$8K	—	15x
Bitget PEPEUSDT	+0.0275%	8h	0.000005346	−0.067%	$52.0M	$189.0M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0384%	8h	0.000005343	−0.107%	$36K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0431%	8h	0.000005342	−0.135%	$52.6M	$681.5M	50x	as long as short
BloFin PEPE-USDT	+0.0558%	8h	0.000005337	−0.228%	$4.8M	$28.3M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0583%	1h	0.000005345	−0.079%	$2K	$10K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0625%	8h	0.000005348	−0.022%	$2.6M	$7.5M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005351	+0.034%	$746K	$36.6M	50x	as long as short
BingX 1000PEPE-USDT	+0.0765%	8h	0.000005347	−0.037%	—	$252.2M	—	as long as short
Paradex kPEPE-USD-PERP	+0.0779%	8h	0.000005339	−0.182%	$6K	—	20x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005344	−0.097%	$151K	—	3x	as long as short
MEXC PEPE_USDT	+0.0802%	8h	0.000005352	+0.060%	$104.3M	$293.6M	300x	as long as short
Binance 1000PEPEUSDT	+0.0804%	8h	0.000005346	−0.060%	$155.8M	$1.31B	75x	as long as short
Extended 1000PEPE-USD	+0.0808%	1h	0.000005341	−0.157%	$565K	$226K	25x	as long as short
Nado kPEPE-PERP	+0.0871%	1h	0.000005351	+0.035%	$193K	$916K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0874%	1h	0.000005342	−0.135%	$76K	$126K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0912% / S −0.1791%	1h	0.000005000	−6.528%	$66K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0930%	8h	0.000005347	−0.048%	$1.9M	$10.1M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0974%	1h	0.000005330	−0.359%	$176K	$799K	25x	as long as short
01 Exchange kPEPEUSD	+0.1144%	1h	0.000005358	+0.165%	$646	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1309%	1h	0.000005341	−0.161%	$71K	$722K	15x	as long as short
Lighter 1000PEPE	+0.1360%	1h	0.000005349	−0.004%	$690K	$8.6M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1528%	1h	0.000005342	−0.135%	$4.9M	$16.3M	50x	as long as short
Hyperliquid kPEPE	+0.1774%	1h	0.000005356	+0.127%	$58.7M	$144.7M	10x	as long as short