Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Gate against Bybit+0.291%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days−0.247%−$25 · spread now +0.291%, 7d avg +0.025%

Together, before fees−0.204%−$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.266% dearer against Bybit than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000PEPEUSDT	0.000005018	0.0100	pay 0.0100% / 8h	6h 20m	$97.5M	$323.9M	50x
Short	Gate PEPE_USDT	0.000005033	0.0100	get 0.0100% / 8h	6h 20m	$160.9M	$71.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.291%Rate

Funding earned: $0
Price spread: +0.291% → +0.025%: $26.58
Slippage, 4 orders: −$20.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.45
Costs to cover: 0.460%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 3 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 Bybit live order book, 3 min ago	0.99 bp	8.0 bp −$8	16.4 bp −$164	45.3 bp −$4,532	doesn't fit
Sell Gate live order book, 3 min ago	1.98 bp	14.0 bp −$14	32.0 bp −$320	74.7 bp −$7,471	doesn't fit

PEPE on 34 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	0.000005049	+0.610%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005055	+0.733%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005055	+0.729%	$61K	$125K	10x	as long as short
Bybit 1000PEPEUSDTlong	+0.0100%	8h	0.000005018	long leg	$97.5M	$323.9M	50x
Gate PEPE_USDTshort	+0.0100%	8h	0.000005033	+0.291%	$160.9M	$71.0M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005032	+0.269%	$25.2M	$60.8M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005022	+0.072%	$46.8M	$162.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005056	+0.741%	$624K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005055	+0.726%	$34K	$414K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005067	+0.960%	$1K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005065	+0.925%	$568K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005062	+0.878%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0233%	8h	0.000005020	+0.032%	$44.9M	$565.0M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0279%	8h	0.000005057	+0.763%	$33K	$23K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0296%	1h	0.000005053	+0.689%	$106K	$746K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0344%	1h	0.000005057	+0.769%	$61K	$114K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0362%	8h	0.000005059	+0.807%	$2.4M	$7.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005059	+0.809%	$727K	$29.7M	50x	as long as short
BingX 1000PEPE-USDT	+0.0497%	8h	0.000005025	+0.132%	—	$259.0M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0514% / S −0.0540%	1h	0.000005000	−0.367%	$56K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0520%	1h	0.000005037	+0.362%	$554K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0520%	1h	0.000005058	+0.789%	$143K	—	3x	as long as short
MEXC PEPE_USDT	+0.0523%	8h	0.000005033	+0.283%	$94.3M	$290.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0523%	8h	0.000005029	+0.215%	$141.7M	$1.17B	75x	as long as short
SoDEX 1000PEPE-USD	+0.0553%	1h	0.000005055	+0.729%	$2K	$12K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0569%	8h	0.000005052	+0.676%	$6K	$16	20x	as long as short
Aster 1000PEPEUSDT	+0.0621%	8h	0.000005045	+0.536%	$1.7M	$8.2M	50x	as long as short
Nado kPEPE-PERP	+0.0639%	1h	0.000005064	+0.912%	$182K	$881K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0824%	1h	0.000005053	+0.690%	$4.0M	$14.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005098	+1.586%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0931%	1h	0.000005050	+0.638%	$100K	$617K	15x	as long as short
01 Exchange kPEPEUSD	+0.0960%	1h	0.000005064	+0.909%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1592%	1h	0.000005062	+0.869%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2176%	1h	0.000005054	+0.709%	$55.7M	$135.9M	10x	as long as short