Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0337%/8h= +36.9% APRpaid last 24h +0.065%

Price spread now: 01 Exchange against BingX+0.185%7-day average — · you sell dearer than you buy

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

Long on BingX Short on 01 Exchange

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 for this trade now. Funding pays +$10 a day on $10k at the current rate, and 01 Exchange is 0.185% dearer against BingX than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000PEPE-USDT	0.000004822	0.0831	pay 0.0831% / 8h	2h 00m	—	$255.4M	—
Short	01 Exchange kPEPEUSD	0.000004831	0.1168	get 0.0146% / 1h	0m 19s	$553	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Position, each leg$Hold fordaysFee BingXbpFee 01 ExchangebpOrdersPrice spread, now +0.185%Rate

Funding earned: $70.77
Price spread: +0.185% → 0.000%: $18.46
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $72.23
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: BingX: live order book, 9 min ago; 01 Exchange: 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 BingX live order book, 9 min ago	0.21 bp	6.3 bp −$6	8.3 bp −$83	19.7 bp −$1,967	40.1 bp −$20.0K
Sell 01 Exchange no order-book sample	—	—	—	—	—

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	0.000004811	−0.235%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004815	−0.158%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004824	+0.039%	$59.0M	$73.5M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004817	−0.106%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004818	−0.075%	$87.6M	$276.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004817	−0.106%	$150.6M	$62.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004822	−0.006%	$25.0M	$53.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004813	−0.183%	$552K	$3.9M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004829	+0.146%	$27K	$343K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004828	+0.120%	$1K	$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	0.000004814	−0.174%	$552K	$3.4M	75x	as long as short
Bitget PEPEUSDT	+0.0186%	8h	0.000004822	+0.004%	$42.6M	$151.1M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004825	+0.054%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0196%	8h	0.000004820	−0.044%	$41.5M	$487.1M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0214% / S −0.0087%	1h	0.000004000	−17.049%	$54K	—	100x	as long as short
BloFin PEPE-USDT	+0.0309%	8h	0.000004817	−0.106%	$3.9M	$21.9M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0428%	8h	0.000004823	+0.021%	$29K	$11K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004813	−0.189%	$576K	$25.1M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0520%	8h	0.000004821	−0.029%	$2.3M	$6.4M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0546%	8h	0.000004820	−0.047%	$5K	$16	20x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004823	+0.019%	$4K	$110K	12x	as long as short
Lighter 1000PEPE	+0.0728%	1h	0.000004821	−0.023%	$572K	$5.3M	10x	as long as short
Nado kPEPE-PERP	+0.0736%	1h	0.000004825	+0.051%	$189K	$848K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0746%	1h	0.000004808	−0.292%	$102K	$764K	25x	as long as short
SoDEX 1000PEPE-USD	+0.0750%	1h	0.000004819	−0.064%	$2K	$9K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0760%	1h	0.000004819	−0.054%	$3.9M	$13.1M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0762%	1h	0.000004819	−0.073%	$93K	$624K	15x	as long as short
BingX 1000PEPE-USDTlong	+0.0831%	8h	0.000004822	long leg	—	$255.4M	—
Extended 1000PEPE-USD	+0.0880%	1h	0.000004820	−0.036%	$529K	$147K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0880%	1h	0.000004828	+0.122%	$136K	—	3x	as long as short
MEXC PEPE_USDT	+0.0881%	8h	0.000004825	+0.060%	$91.5M	$292.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0884%	8h	0.000004823	+0.017%	$128.9M	$1.02B	75x	as long as short
Aster 1000PEPEUSDT	+0.0908%	8h	0.000004821	−0.021%	$1.5M	$6.9M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0996%	1h	0.000004823	+0.019%	$82K	$94K	25x	as long as short
01 Exchange kPEPEUSDshort	+0.1168%	1h	0.000004831	+0.185%	$553	$2K	10x