Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0192%/8h= −21.0% APRnext payment $1.92 per $10,000 · paid last 24h −0.097%
Price spread now: KuCoin against BingX+0.053%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$550.555% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.137%−$14 on $10k
Price spread, last 7 days+0.015%+$1 · spread now +0.053%, 7d avg +0.039%
Together, before fees−0.122%−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX 1000PEPE-USDC0.0000049480.0292pay 0.0292% / 8h5h 48m$2.3M
ShortKuCoin PEPEUSDTM0.0000049510.0100get 0.0100% / 8h5h 48m$24.9M$75.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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

Funding earned
−$40.32
Price spread: +0.053% → +0.039%
$1.38
Slippage, 4 orders
−$33.48
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$94.41
Costs to cover
0.555%
Break-even
never at this rate
Slippage from BingX: live order book, 3 min ago; KuCoin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 3 min ago0.81 bp13.7 bp −$1417.1 bp −$17178.9 bp −$7,887261.7 bp −$130.8K
Sell KuCoin live order book, 4 min ago1.11 bp12.7 bp −$1322.3 bp −$223doesn't fitdoesn't fit

PEPE on 35 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_PEPEUSD−0.0371%1h0.000004944−0.085%$4.6M$15.8M50xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004947−0.016%$3K150xas long as short
01 Exchange kPEPEUSD+0.0056%1h0.000004945−0.065%$596$2K10xas long as short
Lighter 1000PEPE+0.0096%1h0.000004949+0.016%$596K$9.0M10xas long as short
Nado kPEPE-PERP+0.0100%1h0.000004951+0.063%$147K$943K10xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004949+0.016%$50.1M$155.1M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004951+0.057%$57K$194K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004951+0.067%$94.2M$442.0M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004948−0.004%$152.3M$102.1M75xas long as short
KuCoin PEPEUSDTMshort+0.0100%8h0.000004951+0.053%$24.9M$75.9M75x
Show all 35 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget PEPEUSDT+0.0100%8h0.000004951+0.049%$43.6M$231.1M75xas long as short
Backpack kPEPE_USDC_PERP+0.0100%1h0.000004947−0.016%$75K$990K15xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004937−0.221%$642K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004941−0.147%$27K$571K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0100%1h0.000004944−0.085%$143K$850K25xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004956+0.150%$2K$2.5M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004946−0.044%$2K$11K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004946−0.034%$580K$4.2M75xas long as short
Phemex u1000PEPEUSDT+0.0100%8h0.000004943−0.113%$2.3M$7.9M50xas long as short
Paradex kPEPE-USD-PERP+0.0110%8h0.000004945−0.062%$6K20xas long as short
OKX PEPE-USDT-SWAP+0.0123%8h0.000004952+0.077%$44.4M$721.1M50xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0154%1h0.000004947−0.024%$57K$115K25xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004938−0.210%$7K15xas long as short
BloFin PEPE-USDT+0.0252%8h0.000004945−0.065%$4.3M$28.7M75xas long as short
Binance 1000PEPEUSDT+0.0260%8h0.000004953+0.093%$128.4M$1.52B75xas long as short
Extended 1000PEPE-USD+0.0264%1h0.000004949+0.022%$518K$285K25xas long as short
MEXC PEPE_USDT+0.0265%8h0.000004953+0.095%$102.1M$295.4M300xas long as short
Aevo 1000PEPE-PERP+0.0272%1h0.000004945−0.065%$140K3xas long as short
Aster 1000PEPEUSDT+0.0273%8h0.000004957+0.168%$1.7M$12.5M50xas long as short
Injective PEPE/USDC PERP+0.0284%1h0.000004946−0.044%$4K$122K12xas long as short
BingX 1000PEPE-USDClong+0.0292%8h0.000004948long leg$2.3M
dYdX PEPE-USD+0.0333%1h0.000004951+0.047%$25K$18K10xas long as short
Orderly PERP_1000PEPE_USDC+0.0338%8h0.000004950+0.030%$32K$30K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0400%1h0.000004948−0.004%$732K$38.8M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0839% / S −0.0953%1h0.000004000−19.163%$50K100xas long as short