Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.022%

Price spread now: Binance against Extended+0.100%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.100%, 7d avg +0.056%

Together, before fees−0.041%+ Points / potential airdropExtended: Active · farm board−$4 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: Binance is 0.043% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended 1000PEPE-USD	0.000005016	0.0488	pay 0.0061% / 1h	46m 46s	$552K	$199K	25x
Short	Binance 1000PEPEUSDT	0.000005021	0.0486	get 0.0486% / 8h	6h 46m	$139.1M	$1.16B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.100%Rate

Funding earned: −$0.39
Price spread: +0.100% → +0.056%: $4.34
Slippage, 4 orders: −$15.92
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$26.97
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from Extended: live order book, 21 min ago; Binance: live order book, 12 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 Extended live order book, 21 min ago	2.95 bp	7.4 bp −$7	42.1 bp −$421	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.30 bp	10.0 bp −$10	16.3 bp −$163	45.7 bp −$4,571	doesn't fit

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	0.000005017	+0.032%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005015	−0.004%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005029	+0.268%	$62K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005018	+0.050%	$96.8M	$319.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005023	+0.148%	$160.0M	$69.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005033	+0.343%	$25.3M	$59.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005019	+0.076%	$44.7M	$158.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004998	−0.356%	$557K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005012	−0.068%	$46K	$388K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005029	+0.264%	$2K	$2.5M	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	0.000005020	+0.096%	$559K	$3.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005015	−0.016%	$2.4M	$6.8M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0150%	1h	0.000005007	−0.171%	$61K	$114K	25x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005023	+0.151%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0209%	8h	0.000005018	+0.048%	$44.4M	$556.1M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0273%	8h	0.000005013	−0.046%	$33K	$23K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0289%	1h	0.000005006	−0.191%	$106K	$752K	25x	as long as short
BloFin PEPE-USDT	+0.0318%	8h	0.000005008	−0.151%	$4.2M	$24.6M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0418%	8h	0.000005030	+0.296%	$6K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005012	−0.071%	$646K	$28.7M	50x	as long as short
BingX 1000PEPE-USDC	+0.0447%	8h	0.000005020	+0.092%	—	$2.3M	—	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000005016	+0.008%	$142K	—	3x	as long as short
MEXC PEPE_USDT	+0.0486%	8h	0.000005019	+0.072%	$95.2M	$288.1M	300x	as long as short
Binance 1000PEPEUSDTshort	+0.0486%	8h	0.000005021	+0.100%	$139.1M	$1.16B	75x
Extended 1000PEPE-USDlong	+0.0488%	1h	0.000005016	long leg	$552K	$199K	25x
GMX PEPE/USD [ETH-USDC]	L +0.0505% / S −0.0410%	1h	0.000005000	−0.311%	$63K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0564%	8h	0.000005021	+0.107%	$1.7M	$8.0M	50x	as long as short
Nado kPEPE-PERP	+0.0597%	1h	0.000005028	+0.252%	$177K	$883K	10x	as long as short
SoDEX 1000PEPE-USD	+0.0604%	1h	0.000005015	−0.012%	$2K	$12K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0831%	1h	0.000005013	−0.058%	$3.9M	$14.4M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0853%	1h	0.000005015	−0.002%	$102K	$625K	15x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005039	+0.467%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.0960%	1h	0.000005039	+0.467%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1240%	1h	0.000005030	+0.287%	$651K	$6.8M	10x	as long as short
Hyperliquid kPEPE	+0.2583%	1h	0.000005044	+0.567%	$55.7M	$134.8M	10x	as long as short