Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1016%/8h= +111.3% APRpaid last 24h +0.065%

Price spread now: 01 Exchange against Bitget+0.117%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 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 +$30 a day on $10k at the current rate, and 01 Exchange is 0.117% dearer against Bitget than usual: you sell high and buy low: +$12 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	Bitget PEPEUSDT	0.000004803	0.0184	pay 0.0184% / 8h	2h 07m	$42.4M	$150.9M	75x
Short	01 Exchange kPEPEUSD	0.000004809	0.1200	get 0.0150% / 1h	7m 12s	$551	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.117%Rate

Funding earned: $213.36
Price spread: +0.117% → 0.000%: $11.66
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $206.02
Costs to cover: 0.190%
Break-even: 0.2 days

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	1.77 bp	9.3 bp −$9	14.0 bp −$140	29.7 bp −$2,971	doesn't fit
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	0.000004801	−0.060%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004800	−0.067%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004802	−0.029%	$58.4M	$72.7M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004806	+0.054%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004805	+0.042%	$87.4M	$275.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004803	−0.008%	$150.1M	$62.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004805	+0.044%	$24.9M	$53.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004820	+0.353%	$577K	$3.8M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004830	+0.548%	$27K	$340K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004811	+0.167%	$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	0.000004804	+0.019%	$553K	$3.4M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0182%	8h	0.000004806	+0.054%	$41.4M	$485.2M	50x	as long as short
Bitget PEPEUSDTlong	+0.0184%	8h	0.000004803	long leg	$42.4M	$150.9M	75x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004802	−0.021%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0299%	8h	0.000004803	−0.008%	$3.9M	$21.8M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0217%	1h	0.000004000	−16.726%	$52K	—	100x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0420%	8h	0.000004810	+0.133%	$29K	$11K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004808	+0.096%	$578K	$25.1M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0496%	8h	0.000004809	+0.119%	$2.3M	$6.4M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0530%	8h	0.000004802	−0.022%	$5K	$16	20x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004824	+0.429%	$4K	$110K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0583%	1h	0.000004807	+0.075%	$81K	$94K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0713%	1h	0.000004806	+0.048%	$92K	$624K	15x	as long as short
Lighter 1000PEPE	+0.0744%	1h	0.000004813	+0.200%	$600K	$5.3M	10x	as long as short
Nado kPEPE-PERP	+0.0745%	1h	0.000004805	+0.024%	$188K	$848K	10x	as long as short
SoDEX 1000PEPE-USD	+0.0756%	1h	0.000004809	+0.117%	$2K	$9K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0759%	1h	0.000004830	+0.554%	$103K	$762K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0762%	1h	0.000004806	+0.063%	$3.9M	$13.1M	50x	as long as short
BingX 1000PEPE-USDT	+0.0827%	8h	0.000004806	+0.054%	—	$254.7M	—	as long as short
Extended 1000PEPE-USD	+0.0872%	1h	0.000004807	+0.072%	$529K	$147K	25x	as long as short
MEXC PEPE_USDT	+0.0872%	8h	0.000004812	+0.171%	$91.4M	$292.3M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0872%	1h	0.000004813	+0.200%	$136K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0873%	8h	0.000004810	+0.129%	$128.2M	$1.02B	75x	as long as short
Aster 1000PEPEUSDT	+0.0901%	8h	0.000004804	+0.015%	$1.5M	$6.9M	50x	as long as short
01 Exchange kPEPEUSDshort	+0.1200%	1h	0.000004809	+0.117%	$551	$2K	10x