Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0789%/8hpaid last 24h −0.013%

Price spread now: gTrade (Gains Network) against MEXC−0.161%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on gTrade (Gains Network)

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 against this trade now: funding costs −$24 a day on $10k at the current rate, and gTrade (Gains Network) is 0.161% cheaper against MEXC than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PEPE_USDT	0.000004955	0.0791	pay 0.0791% / 8h	4h 23m	$106.7M	$267.5M	300x
Short	gTrade (Gains Network) PEPE/USD	0.000004947	L +0.0005% / S −0.0002%	get 0.0000% / 1h	23m 51s	$24K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against MEXC. 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 MEXCbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.161%Rate

Funding earned: −$165.65
Price spread: −0.161% → 0.000%: −$16.15
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$191.8
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 9 min ago; gTrade (Gains Network): 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 MEXC live order book, 9 min ago	0.20 bp	1.1 bp −$1	11.0 bp −$110	43.1 bp −$4,314	77.2 bp −$38.6K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	0.000004947	−0.154%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USDshort	L +0.0005% / S −0.0002%	1h	0.000004947	−0.161%	$24K	—	150x
Pacifica kPEPE	+0.0100%	1h	0.000004952	−0.052%	$59K	$103K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004941	−0.279%	$88.5M	$255.4M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004945	−0.194%	$43.3M	$480.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004949	−0.113%	$150.5M	$58.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004951	−0.065%	$25.4M	$45.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004915	−0.790%	$696K	$3.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004920	−0.689%	$28K	$328K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004960	+0.109%	$2K	$2.4M	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	0.000004953	−0.034%	$572K	$3.7M	75x	as long as short
Bitget PEPEUSDT	+0.0132%	8h	0.000004945	−0.194%	$46.7M	$135.5M	75x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	0.000004950	−0.084%	$7K	—	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0200%	1h	0.000004910	−0.900%	$92K	$753K	25x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004949	−0.113%	$4.2M	$21.0M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0274%	8h	0.000004949	−0.119%	$30K	$9K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0276% / S −0.0264%	1h	0.000004000	−19.267%	$44K	—	100x	as long as short
SoDEX 1000PEPE-USD	+0.0288%	1h	0.000004949	−0.113%	$2K	$9K	10x	as long as short
Hyperliquid kPEPE	+0.0447%	1h	0.000004953	−0.032%	$56.6M	$61.5M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0490%	8h	0.000004949	−0.106%	$6K	$26	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0496%	1h	0.000004957	+0.048%	$647K	$25.0M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0498%	8h	0.000004951	−0.073%	$2.4M	$6.1M	50x	as long as short
Nado kPEPE-PERP	+0.0667%	1h	0.000004955	−0.001%	$198K	$793K	10x	as long as short
Lighter 1000PEPE	+0.0744%	1h	0.000004957	+0.048%	$601K	$5.0M	10x	as long as short
BingX 1000PEPE-USDC	+0.0749%	8h	0.000004946	−0.182%	—	$2.3M	—	as long as short
01 Exchange kPEPEUSD	+0.0752%	1h	0.000004960	+0.109%	$568	$2K	10x	as long as short
MEXC PEPE_USDTlong	+0.0791%	8h	0.000004955	long leg	$106.7M	$267.5M	300x
Extended 1000PEPE-USD	+0.0792%	1h	0.000004951	−0.075%	$544K	$147K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0792%	1h	0.000004947	−0.153%	$140K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0794%	8h	0.000004947	−0.163%	$129.8M	$947.7M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0883%	1h	0.000004951	−0.069%	$95K	$572K	15x	as long as short
Aster 1000PEPEUSDT	+0.0910%	8h	0.000004950	−0.094%	$1.5M	$6.4M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0963%	1h	0.000004953	−0.032%	$84K	$86K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.1531%	1h	0.000004950	−0.089%	$4.0M	$11.9M	50x	as long as short
Injective PEPE/USDC PERP	+0.2268%	1h	0.000004970	+0.311%	$5K	$68K	12x	as long as short