Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0580%/8h= −63.5% APRpaid last 24h −0.127%

Price spread now: edgeX against 01 Exchange−0.295%57s7-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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and edgeX is 0.295% cheaper against 01 Exchange than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange kPEPEUSD	0.000005148	0.0680	pay 0.0085% / 1h	2m 23s	$621	$3K	10x
Short	edgeX 1000PEPEUSDC	0.000005133	0.0100	get 0.0050% / 4h	2h 02m	$28K	$540K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.295%Rate

Funding earned: −$121.8
Price spread: −0.295% → 0.000%: −$29.51
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$167.31
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; edgeX: live order book, 46 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 edgeX live order book, 46 min ago	0.99 bp	5.6 bp −$6	8.6 bp −$86	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 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	0.000005139	−0.166%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0007%	1h	0.000005144	−0.070%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005142	−0.117%	$59K	$178K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005146	−0.039%	$100.5M	$410.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005142	−0.117%	$162.7M	$95.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005153	+0.103%	$26.0M	$71.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005136	−0.241%	$614K	$5.3M	—	as long as short
edgeX 1000PEPEUSDCshort	+0.0100%	4h	0.000005133	−0.295%	$28K	$540K	20x
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005136	−0.243%	$1K	$2.6M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005129	−0.369%	$583K	$4.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX 1000PEPE-USD	+0.0140%	1h	0.000005130	−0.350%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005151	+0.060%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0318%	8h	0.000005148	−0.002%	$45.8M	$213.0M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0336%	1h	0.000005126	−0.427%	$73K	$127K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0379%	8h	0.000005146	−0.045%	$34K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0419%	8h	0.000005149	+0.019%	$48.1M	$716.1M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0537%	8h	0.000005139	−0.167%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0543%	8h	0.000005131	−0.330%	$4.4M	$29.2M	75x	as long as short
Lighter 1000PEPE	+0.0600%	1h	0.000005144	−0.078%	$621K	$9.1M	10x	as long as short
Phemex u1000PEPEUSDT	+0.0618%	8h	0.000005130	−0.354%	$2.4M	$8.0M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0648%	1h	0.000005131	−0.334%	$68K	$843K	15x	as long as short
Nado kPEPE-PERP	+0.0650%	1h	0.000005150	+0.049%	$161K	$953K	10x	as long as short
01 Exchange kPEPEUSDlong	+0.0680%	1h	0.000005148	long leg	$621	$3K	10x
Coinbase International 1000PEPE-PERP-INTX	+0.0680%	1h	0.000005130	−0.350%	$689K	$37.9M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0703%	1h	0.000005129	−0.369%	$155K	$818K	25x	as long as short
BingX 1000PEPE-USDC	+0.0760%	8h	0.000005143	−0.099%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0788%	8h	0.000005148	+0.005%	$143.1M	$1.44B	75x	as long as short
MEXC PEPE_USDT	+0.0791%	8h	0.000005147	−0.023%	$99.0M	$305.1M	300x	as long as short
Extended 1000PEPE-USD	+0.0792%	1h	0.000005144	−0.069%	$544K	$281K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005129	−0.369%	$145K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0817%	8h	0.000005141	−0.128%	$1.8M	$11.5M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0833%	1h	0.000005128	−0.381%	$4.7M	$16.8M	50x	as long as short
Hyperliquid kPEPE	+0.1032%	1h	0.000005157	+0.175%	$55.0M	$153.8M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1132% / S −0.2351%	1h	0.000005000	−2.875%	$63K	—	100x	as long as short
Injective PEPE/USDC PERP	+0.1379%	1h	0.000005120	−0.544%	$10K	$119K	12x	as long as short