Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.037%

Price spread now: edgeX against gTrade (Gains Network)+0.226%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.226% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$23 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	gTrade (Gains Network) PEPE/USD	0.000005090	L +0.0006% / S −0.0008%	pay 0.0001% / 1h	15m 59s	$4K	—	150x
Short	edgeX 1000PEPEUSDC	0.000005101	0.0100	get 0.0050% / 4h	1h 15m	$28K	$544K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee edgeXbpOrdersPrice spread, now +0.226%Rate

Funding earned: $19.81
Price spread: +0.226% → 0.000%: $22.57
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $23.38
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; edgeX: live order book, 28 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell edgeX live order book, 28 min ago	1.45 bp	6.1 bp −$6	44.6 bp −$446	doesn't fit	doesn't fit

gTrade (Gains Network): 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
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005108	+0.356%	$9K	$120K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005093	+0.061%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USDlong	L +0.0006% / S −0.0008%	1h	0.000005090	long leg	$4K	—	150x
Pacifica kPEPE	+0.0100%	1h	0.000005099	+0.179%	$59K	$181K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005094	+0.081%	$99.3M	$419.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005094	+0.081%	$162.2M	$97.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005098	+0.151%	$596K	$5.3M	—	as long as short
edgeX 1000PEPEUSDCshort	+0.0100%	4h	0.000005101	+0.226%	$28K	$544K	20x
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005106	+0.310%	$2K	$2.7M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005098	+0.151%	$591K	$4.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0101%	8h	0.000005099	+0.179%	$25.9M	$72.5M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0152%	1h	0.000005099	+0.179%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005097	+0.146%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0286%	8h	0.000005099	+0.185%	$45.6M	$216.0M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0310%	1h	0.000005094	+0.081%	$154K	$824K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0339%	1h	0.000005097	+0.139%	$73K	$127K	25x	as long as short
OKX PEPE-USDT-SWAP	+0.0394%	8h	0.000005095	+0.100%	$47.1M	$724.5M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0394%	8h	0.000005099	+0.175%	$34K	$26K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0426%	1h	0.000005098	+0.155%	$73K	$860K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.0458%	1h	0.000005097	+0.137%	$4.6M	$16.5M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0510%	8h	0.000005100	+0.198%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0516%	8h	0.000005096	+0.120%	$4.4M	$29.3M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0545%	8h	0.000005101	+0.226%	$2.4M	$8.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005102	+0.238%	$680K	$38.6M	50x	as long as short
01 Exchange kPEPEUSD	+0.0680%	1h	0.000005102	+0.238%	$615	$3K	10x	as long as short
Lighter 1000PEPE	+0.0688%	1h	0.000005102	+0.238%	$607K	$9.1M	10x	as long as short
BingX 1000PEPE-USDT	+0.0731%	8h	0.000005097	+0.132%	—	$217.9M	—	as long as short
Nado kPEPE-PERP	+0.0756%	1h	0.000005097	+0.131%	$164K	$959K	10x	as long as short
Aster 1000PEPEUSDT	+0.0757%	8h	0.000005096	+0.121%	$1.7M	$11.7M	50x	as long as short
Extended 1000PEPE-USD	+0.0760%	1h	0.000005095	+0.105%	$541K	$280K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0760%	1h	0.000005107	+0.336%	$144K	—	3x	as long as short
MEXC PEPE_USDT	+0.0763%	8h	0.000005093	+0.071%	$98.5M	$305.8M	300x	as long as short
Binance 1000PEPEUSDT	+0.0764%	8h	0.000005095	+0.096%	$140.1M	$1.47B	75x	as long as short
Hyperliquid kPEPE	+0.0942%	1h	0.000005103	+0.257%	$52.8M	$156.6M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1130% / S −0.2249%	1h	0.000005000	−1.766%	$63K	—	100x	as long as short