Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0404%/8h= +44.2% APRpaid last 24h +0.084%

Price spread now: 01 Exchange against KuCoin+0.056%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on 01 Exchange

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—needs both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and 01 Exchange is 0.056% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PEPEUSDTM	0.000004997	0.0100	pay 0.0100% / 8h	7h 23m	$25.3M	$56.4M	75x
Short	01 Exchange kPEPEUSD	0.000005000	0.0504	get 0.0063% / 1h	23m 55s	$1K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.056%Rate

Funding earned: $84.84
Price spread: +0.056% → 0.000%: $5.6
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $71.44
Costs to cover: 0.190%
Break-even: 1.1 days

Slippage unknown: KuCoin: live order book, 5 min ago; 01 Exchange: 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, 5 min ago	0.70 bp	13.0 bp −$13	26.5 bp −$265	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Kraken Futures PF_PEPEUSD	−0.0117%	1h	0.000004994	−0.064%	$3.9M	$14.2M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004996	−0.031%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004990	−0.134%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005001	+0.076%	$59K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004990	−0.142%	$92.7M	$305.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004992	−0.104%	$158.7M	$67.1M	75x	as long as short
KuCoin PEPEUSDTMlong	+0.0100%	8h	0.000004997	long leg	$25.3M	$56.4M	75x
Bitget PEPEUSDT	+0.0100%	8h	0.000004992	−0.098%	$43.5M	$153.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004973	−0.491%	$612K	$4.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004955	−0.851%	$52K	$377K	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	0.000005002	+0.096%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004994	−0.064%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004996	−0.018%	$561K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004999	+0.042%	$2.4M	$6.7M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0183%	8h	0.000004994	−0.064%	$43.9M	$533.1M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004995	−0.054%	$8K	—	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0213%	8h	0.000004998	+0.012%	$6K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0283%	8h	0.000004996	−0.016%	$31K	$14K	20x	as long as short
BloFin PEPE-USDT	+0.0301%	8h	0.000004995	−0.044%	$4.1M	$23.8M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0310%	1h	0.000004960	−0.744%	$103K	$754K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004995	−0.044%	$668K	$27.3M	50x	as long as short
Lighter 1000PEPE	+0.0416%	1h	0.000004998	+0.016%	$583K	$6.7M	10x	as long as short
Nado kPEPE-PERP	+0.0467%	1h	0.000004997	−0.008%	$195K	$858K	10x	as long as short
BingX 1000PEPE-USDC	+0.0479%	8h	0.000004993	−0.090%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0481% / S −0.0384%	1h	0.000004000	−19.955%	$63K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0488%	1h	0.000004992	−0.096%	$549K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0488%	1h	0.000004994	−0.064%	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0489%	8h	0.000005000	+0.064%	$100.2M	$285.7M	300x	as long as short
Binance 1000PEPEUSDT	+0.0489%	8h	0.000004994	−0.062%	$138.1M	$1.10B	75x	as long as short
01 Exchange kPEPEUSDshort	+0.0504%	1h	0.000005000	+0.056%	$1K	$2K	10x
Aster 1000PEPEUSDT	+0.0521%	8h	0.000004996	−0.016%	$1.5M	$7.5M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0571%	1h	0.000004996	−0.020%	$95K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004983	−0.284%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0952%	1h	0.000004997	−0.004%	$64K	$111K	25x	as long as short
Hyperliquid kPEPE	+0.0975%	1h	0.000005010	+0.256%	$59.3M	$121.8M	10x	as long as short