Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1052%/8h= −115.2% APRpaid last 24h −0.089%

Price spread now: Bitget against 01 Exchange−0.141%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 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 −$32 a day on $10k at the current rate, and Bitget is 0.141% cheaper against 01 Exchange than usual: you would sell low and buy high (−$14 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	01 Exchange kPEPEUSD	0.000005115	0.1152	pay 0.0144% / 1h	59m 29s	$617	$3K	10x
Short	Bitget PEPEUSDT	0.000005108	0.0100	get 0.0100% / 8h	5h 59m	$47.6M	$167.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against 01 Exchange. 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 01 ExchangebpFee BitgetbpOrdersPrice spread, now −0.141%Rate

Funding earned: −$220.92
Price spread: −0.141% → 0.000%: −$14.08
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$254
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Bitget: live order book, 5 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	2.06 bp	8.8 bp −$9	11.0 bp −$110	doesn't fit	doesn't fit

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 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	0.000005111	−0.076%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005104	−0.207%	$18K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005119	+0.078%	$63K	$128K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005102	−0.254%	$99.5M	$327.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005115	0.000%	$163.9M	$72.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005106	−0.174%	$25.5M	$61.5M	75x	as long as short
Bitget PEPEUSDTshort	+0.0100%	8h	0.000005108	−0.141%	$47.6M	$167.6M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000005100	−0.301%	$681K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005107	−0.160%	$27K	$424K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005122	+0.135%	$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-USDT	+0.0100%	8h	0.000005124	+0.176%	$583K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005108	−0.132%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0271%	8h	0.000005109	−0.117%	$46.2M	$581.9M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0294%	8h	0.000005121	+0.109%	$34K	$24K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005120	+0.098%	$927K	$30.8M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0457%	8h	0.000005107	−0.151%	$2.4M	$7.0M	50x	as long as short
BingX 1000PEPE-USDT	+0.0531%	8h	0.000005109	−0.109%	—	$259.7M	—	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0532%	1h	0.000005117	+0.039%	$62K	$114K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0536% / S −0.0924%	1h	0.000005000	−2.248%	$48K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0560%	1h	0.000005110	−0.098%	$562K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0560%	1h	0.000005120	+0.098%	$145K	—	3x	as long as short
MEXC PEPE_USDT	+0.0562%	8h	0.000005114	−0.020%	$96.8M	$285.2M	300x	as long as short
Binance 1000PEPEUSDT	+0.0567%	8h	0.000005110	−0.100%	$144.7M	$1.18B	75x	as long as short
SoDEX 1000PEPE-USD	+0.0603%	1h	0.000005118	+0.059%	$2K	$12K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0657%	1h	0.000005104	−0.215%	$106K	$749K	25x	as long as short
Aster 1000PEPEUSDT	+0.0675%	8h	0.000005112	−0.051%	$1.7M	$8.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0693%	8h	0.000005121	+0.117%	$6K	—	20x	as long as short
Kraken Futures PF_PEPEUSD	+0.0814%	1h	0.000005116	+0.024%	$4.1M	$14.6M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005109	−0.117%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0953%	1h	0.000005112	−0.053%	$99K	$610K	15x	as long as short
01 Exchange kPEPEUSDlong	+0.1152%	1h	0.000005115	long leg	$617	$3K	10x
Nado kPEPE-PERP	+0.1331%	1h	0.000005111	−0.074%	$194K	$882K	10x	as long as short
Hyperliquid kPEPE	+0.1536%	1h	0.000005116	+0.020%	$56.5M	$136.5M	10x	as long as short
Lighter 1000PEPE	+0.1840%	1h	0.000005130	+0.293%	$1.1M	$7.4M	10x	as long as short