Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.098%

Price spread now: 01 Exchange against Gate+0.127%7-day average — · you sell dearer than you buy

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

Long on Gate 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 +$5 a day on $10k at the current rate, and 01 Exchange is 0.127% dearer against Gate than usual: you sell high and buy low: +$13 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	Gate PEPE_USDT	0.000004732	0.0100	pay 0.0100% / 8h	21m 16s	$149.0M	$64.7M	75x
Short	01 Exchange kPEPEUSD	0.000004738	0.0272	get 0.0034% / 1h	21m 16s	$543	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Gate. 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 GatebpFee 01 ExchangebpOrdersPrice spread, now +0.127%Rate

Funding earned: $36.12
Price spread: +0.127% → 0.000%: $12.68
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $26.8
Costs to cover: 0.220%
Break-even: 1.8 days

Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago	2.11 bp	11.7 bp −$12	17.4 bp −$174	75.6 bp −$7,561	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
Hyperliquid kPEPE	−0.0212%	1h	0.000004725	−0.148%	$67.4M	$94.2M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004734	+0.046%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004726	−0.123%	$13K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004725	−0.154%	$3.8M	$13.7M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004737	+0.106%	$59K	$116K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004725	−0.148%	$85.8M	$291.9M	50x	as long as short
Gate PEPE_USDTlong	+0.0100%	8h	0.000004732	long leg	$149.0M	$64.7M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004733	+0.027%	$24.2M	$54.5M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004727	−0.114%	$41.8M	$150.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004733	+0.018%	$570K	$4.2M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004744	+0.262%	$25K	$350K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004745	+0.275%	$99K	$755K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004742	+0.220%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004728	−0.085%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004733	+0.030%	$534K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0120%	1h	0.000004739	+0.148%	$577K	$6.4M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0177%	8h	0.000004737	+0.107%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004734	+0.034%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0201%	8h	0.000004727	−0.106%	$41.0M	$492.7M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0203%	8h	0.000004726	−0.116%	$2.3M	$6.5M	50x	as long as short
01 Exchange kPEPEUSDshort	+0.0272%	1h	0.000004738	+0.127%	$543	$2K	10x
BloFin PEPE-USDT	+0.0321%	8h	0.000004731	−0.021%	$3.9M	$22.2M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0376%	8h	0.000004728	−0.089%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0384% / S −0.0441%	1h	0.000004000	−15.469%	$42K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004732	0.000%	$578K	$25.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004756	+0.507%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0569%	1h	0.000004743	+0.224%	$90K	$602K	15x	as long as short
Aster 1000PEPEUSDT	+0.0593%	8h	0.000004735	+0.068%	$1.5M	$7.3M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0597%	1h	0.000004728	−0.085%	$76K	$98K	25x	as long as short
MEXC PEPE_USDT	+0.0597%	8h	0.000004733	+0.019%	$88.3M	$281.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0598%	8h	0.000004731	−0.013%	$130.9M	$1.07B	75x	as long as short
BingX 1000PEPE-USDC	+0.0598%	8h	0.000004730	−0.040%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0600%	1h	0.000004726	−0.117%	$521K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0600%	1h	0.000004729	−0.063%	$134K	—	3x	as long as short
Nado kPEPE-PERP	+0.0649%	1h	0.000004737	+0.113%	$181K	$849K	10x	as long as short