Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h +0.157%

Price spread now: 01 Exchange against Bybit+0.049%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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 pays, funding is against you. 01 Exchange is 0.049% dearer against Bybit than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000PEPEUSDT	0.000004922	0.0100	pay 0.0100% / 8h	5h 05m	$92.4M	$446.0M	50x
Short	01 Exchange kPEPEUSD	0.000004924	0.0048	get 0.0006% / 1h	5m 52s	$594	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.049%Rate

Funding earned: −$10.92
Price spread: +0.049% → 0.000%: $4.88
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$24.04
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	1.02 bp	6.5 bp −$7	7.4 bp −$74	26.3 bp −$2,626	184.5 bp −$92.3K
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 exchanges

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
Kraken Futures PF_PEPEUSD	−0.0373%	1h	0.000004922	+0.001%	$4.5M	$16.1M	50x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004918	−0.065%	$3K	—	150x	as long as short
01 Exchange kPEPEUSDshort	+0.0048%	1h	0.000004924	+0.049%	$594	$2K	10x
Lighter 1000PEPE	+0.0096%	1h	0.000004926	+0.089%	$598K	$9.0M	10x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	0.000004921	−0.018%	$139K	$952K	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004923	+0.028%	$49.9M	$155.1M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004920	−0.033%	$58K	$198K	10x	as long as short
Bybit 1000PEPEUSDTlong	+0.0100%	8h	0.000004922	long leg	$92.4M	$446.0M	50x
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004926	+0.089%	$44.0M	$719.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004919	−0.053%	$148.9M	$104.5M	75x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004920	−0.022%	$24.7M	$76.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004924	+0.049%	$43.7M	$233.8M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004921	−0.010%	$74K	$997K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004915	−0.129%	$638K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004919	−0.062%	$26K	$572K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004920	−0.033%	$109K	$870K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004927	+0.104%	$1K	$2.5M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004924	+0.049%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004921	−0.006%	$578K	$4.3M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004921	−0.002%	$2.3M	$8.1M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0107%	8h	0.000004917	−0.094%	$6K	—	20x	as long as short
Extended 1000PEPE-USD	+0.0136%	1h	0.000004919	−0.055%	$517K	$288K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0136%	1h	0.000004923	+0.028%	$139K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0136%	8h	0.000004923	+0.022%	$127.1M	$1.53B	75x	as long as short
MEXC PEPE_USDT	+0.0139%	8h	0.000004921	−0.020%	$98.8M	$299.2M	300x	as long as short
Aster 1000PEPEUSDT	+0.0144%	8h	0.000004922	+0.004%	$1.7M	$12.6M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0156%	1h	0.000004924	+0.049%	$61K	$119K	25x	as long as short
BingX 1000PEPE-USDC	+0.0164%	8h	0.000004917	−0.083%	—	$2.3M	—	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004923	+0.022%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004918	−0.073%	$4.2M	$28.3M	75x	as long as short
Injective PEPE/USDC PERP	+0.0284%	1h	0.000004904	−0.358%	$3K	$123K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0284%	8h	0.000004926	+0.093%	$32K	$30K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004925	+0.069%	$727K	$38.7M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0793% / S −0.0894%	1h	0.000004000	−18.726%	$50K	—	100x	as long as short
dYdX PEPE-USD	+0.3541%	1h	0.000004916	−0.109%	$25K	$18K	10x	as long as short