Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.074%

Price spread now: Bitget against ApeX Omni+0.281%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 4 days (all we have)−0.341%−$34 · spread now +0.281%, 7d avg +0.021%

Together, before fees−0.472%−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.261% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.281% now, against its 7-day average of +0.021%): +$26 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.4 days. At the pace of the last 7 days (−0.131% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000PEPEUSDT	0.000005152	0.0422	pay 0.0053% / 1h	5m 21s	$150K	$829K	25x
Short	Bitget PEPEUSDT	0.000005166	0.0286	get 0.0286% / 8h	1h 05m	$46.2M	$216.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now +0.281%Rate

Funding earned: −$28.59
Price spread: +0.281% → +0.021%: $26.05
Slippage, 4 orders: −$17.01
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$41.55
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 39 min ago; Bitget: live order book, 4 min ago.

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 ApeX Omni live order book, 39 min ago	2.51 bp	11.1 bp −$11	55.9 bp −$559	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.94 bp	9.6 bp −$10	11.8 bp −$118	doesn't fit	doesn't fit

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
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005140	−0.233%	$8K	$120K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005165	+0.252%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005162	+0.196%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005167	+0.291%	$60K	$182K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005168	+0.311%	$101.2M	$421.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005164	+0.233%	$164.2M	$97.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005168	+0.303%	$607K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005152	+0.004%	$28K	$543K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005179	+0.532%	$1K	$2.7M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005168	+0.316%	$599K	$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
KuCoin PEPEUSDTM	+0.0109%	8h	0.000005168	+0.318%	$26.4M	$72.7M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0172%	1h	0.000005169	+0.330%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005170	+0.344%	$8K	—	15x	as long as short
Bitget PEPEUSDTshort	+0.0286%	8h	0.000005166	+0.281%	$46.2M	$216.4M	75x
OKX PEPE-USDT-SWAP	+0.0398%	8h	0.000005170	+0.349%	$47.7M	$737.6M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0399%	8h	0.000005171	+0.361%	$34K	$26K	20x	as long as short
ApeX Omni 1000PEPEUSDTlong	+0.0422%	1h	0.000005152	long leg	$150K	$829K	25x
Kraken Futures PF_PEPEUSD	+0.0452%	1h	0.000005167	+0.286%	$4.7M	$16.5M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0463%	1h	0.000005172	+0.384%	$73K	$865K	15x	as long as short
BloFin PEPE-USDT	+0.0512%	8h	0.000005161	+0.175%	$4.4M	$29.9M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0521%	8h	0.000005169	+0.332%	$6K	—	20x	as long as short
Phemex u1000PEPEUSDT	+0.0521%	8h	0.000005172	+0.390%	$2.4M	$8.0M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0525%	1h	0.000005168	+0.311%	$74K	$127K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005172	+0.388%	$679K	$39.1M	50x	as long as short
01 Exchange kPEPEUSD	+0.0680%	1h	0.000005172	+0.388%	$624	$3K	10x	as long as short
Nado kPEPE-PERP	+0.0699%	1h	0.000005171	+0.378%	$165K	$960K	10x	as long as short
Lighter 1000PEPE	+0.0712%	1h	0.000005174	+0.427%	$617K	$9.1M	10x	as long as short
BingX 1000PEPE-USDC	+0.0729%	8h	0.000005169	+0.336%	—	$2.3M	—	as long as short
Aster 1000PEPEUSDT	+0.0753%	8h	0.000005172	+0.388%	$1.8M	$11.7M	50x	as long as short
MEXC PEPE_USDT	+0.0759%	8h	0.000005170	+0.345%	$100.2M	$306.8M	300x	as long as short
Extended 1000PEPE-USD	+0.0760%	1h	0.000005169	+0.321%	$543K	$284K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0760%	1h	0.000005170	+0.349%	$146K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0760%	8h	0.000005169	+0.336%	$142.0M	$1.47B	75x	as long as short
Hyperliquid kPEPE	+0.0956%	1h	0.000005173	+0.408%	$53.8M	$156.8M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1133% / S −0.2249%	1h	0.000005000	−2.950%	$64K	—	100x	as long as short