Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Bitget+0.012%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PEPEUSDT	0.000004790	0.0100	pay 0.0100% / 8h	7h 55m	$42.4M	$151.5M	75x
Short	dYdX PEPE-USD	0.000004791	0	get 0.0000% / 1h	55m 21s	$18K	$95	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bitget. 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 BitgetbpFee dYdXbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$21
Price spread: +0.012% → 0.000%: $1.21
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$41.79
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; dYdX: 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 Bitget live order book, 4 min ago	1.36 bp	10.1 bp −$10	12.7 bp −$127	24.3 bp −$2,434	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Phemex u1000PEPEUSDT	−0.0286%	8h	0.000004791	+0.015%	$2.3M	$6.5M	50x	as long as short
Kraken Futures PF_PEPEUSD	−0.0122%	1h	0.000004790	−0.002%	$3.9M	$13.9M	50x	as long as short
dYdX PEPE-USDshort	0.0000%	1h	0.000004791	+0.012%	$18K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004788	−0.054%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004787	−0.067%	$68.5M	$102.3M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004794	+0.079%	$56K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004789	−0.021%	$87.5M	$297.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004788	−0.046%	$152.0M	$64.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004791	+0.015%	$24.0M	$55.0M	75x	as long as short
Bitget PEPEUSDTlong	+0.0100%	8h	0.000004790	long leg	$42.4M	$151.5M	75x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 1000PEPE	+0.0100%	8h	0.000004801	+0.222%	$554K	$4.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004798	+0.157%	$26K	$350K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004799	+0.180%	$1K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004796	+0.119%	$541K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0112%	1h	0.000004794	+0.079%	$575K	$6.6M	10x	as long as short
SoDEX 1000PEPE-USD	+0.0116%	1h	0.000004791	+0.017%	$2K	$12K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0175%	8h	0.000004794	+0.076%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004789	−0.020%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0193%	8h	0.000004793	+0.058%	$42.8M	$505.3M	50x	as long as short
BloFin PEPE-USDT	+0.0310%	8h	0.000004792	+0.038%	$3.9M	$22.7M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0331%	8h	0.000004790	+0.002%	$30K	$13K	20x	as long as short
01 Exchange kPEPEUSD	+0.0336%	1h	0.000004788	−0.046%	$548	$2K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004791	+0.017%	$551K	$25.8M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0405% / S −0.0447%	1h	0.000004000	−16.496%	$43K	—	100x	as long as short
Nado kPEPE-PERP	+0.0415%	1h	0.000004795	+0.099%	$180K	$848K	10x	as long as short
BingX 1000PEPE-USDC	+0.0532%	8h	0.000004794	+0.077%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0542%	8h	0.000004793	+0.065%	$135.0M	$1.08B	75x	as long as short
Extended 1000PEPE-USD	+0.0544%	1h	0.000004791	+0.017%	$526K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0544%	1h	0.000004780	−0.213%	$135K	—	3x	as long as short
MEXC PEPE_USDT	+0.0545%	8h	0.000004792	+0.042%	$91.1M	$279.7M	300x	as long as short
Aster 1000PEPEUSDT	+0.0546%	8h	0.000004794	+0.074%	$1.5M	$7.3M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0634%	1h	0.000004797	+0.148%	$94K	$602K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004793	+0.058%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0794%	1h	0.000004792	+0.038%	$77K	$98K	25x	as long as short
ApeX Omni 1000PEPEUSDT	+0.1932%	1h	0.000004800	+0.205%	$100K	$753K	25x	as long as short