Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: KuCoin against HTX+0.069%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$530.528% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.069%, 7d avg −0.014%

Together, before fees−0.197%−$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: KuCoin is 0.082% dearer against HTX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PEPE-USDT	0.000004956	0.0100	pay 0.0100% / 8h	4h 45m	$582K	$4.2M	75x
Short	KuCoin PEPEUSDTM	0.000004959	0.0100	get 0.0100% / 8h	4h 45m	$24.6M	$76.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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 HTXbpFee KuCoinbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → −0.014%: $8.24
Slippage, 4 orders: −$28.79
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$44.56
Costs to cover: 0.528%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; KuCoin: live order book, 2 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 HTX live order book, 2 min ago	2.32 bp	10.1 bp −$10	23.6 bp −$236	124.8 bp −$12.5K	doesn't fit
Sell KuCoin live order book, 2 min ago	0.61 bp	15.7 bp −$16	25.4 bp −$254	doesn't fit	doesn't fit

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	−0.0232%	1h	0.000004950	−0.119%	$4.6M	$16.2M	50x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004947	−0.165%	$3K	—	150x	as long as short
01 Exchange kPEPEUSD	+0.0064%	1h	0.000004951	−0.093%	$597	$2K	10x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004954	−0.032%	$602K	$9.0M	10x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	0.000004948	−0.153%	$140K	—	3x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	0.000004950	−0.116%	$139K	$953K	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004955	−0.012%	$50.4M	$155.6M	10x	as long as short
Aster 1000PEPEUSDT	+0.0100%	8h	0.000004955	−0.010%	$1.7M	$12.6M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004949	−0.133%	$59K	$198K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	0.000004959	+0.072%	$127.6M	$1.53B	75x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004958	+0.052%	$92.7M	$446.5M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004959	+0.069%	$44.5M	$724.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004949	−0.133%	$149.9M	$103.4M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	0.000004960	+0.083%	$99.8M	$291.1M	300x	as long as short
KuCoin PEPEUSDTMshort	+0.0100%	8h	0.000004959	+0.069%	$24.6M	$76.3M	75x
Bitget PEPEUSDT	+0.0100%	8h	0.000004959	+0.073%	$43.8M	$235.3M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004953	−0.042%	$75K	$996K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004940	−0.310%	$643K	$5.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004930	−0.511%	$26K	$575K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004933	−0.456%	$109K	$870K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004955	−0.010%	$2K	$2.5M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004949	−0.133%	$2K	$11K	10x	as long as short
HTX PEPE-USDTlong	+0.0100%	8h	0.000004956	long leg	$582K	$4.2M	75x
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004950	−0.107%	$2.3M	$8.0M	50x	as long as short
BingX 1000PEPE-USDT	+0.0102%	8h	0.000004956	−0.002%	—	$180.7M	—	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	0.000004958	+0.039%	$517K	$288K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0105%	8h	0.000004945	−0.208%	$6K	—	20x	as long as short
Injective PEPE/USDC PERP	+0.0176%	1h	0.000004904	−1.041%	$3K	$123K	12x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004949	−0.143%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004947	−0.174%	$4.3M	$28.5M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0253%	8h	0.000004949	−0.137%	$31K	$30K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0320%	1h	0.000004952	−0.073%	$702K	$38.9M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0356%	1h	0.000004951	−0.093%	$61K	$119K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0749% / S −0.0835%	1h	0.000004000	−19.283%	$50K	—	100x	as long as short
dYdX PEPE-USD	+0.5092%	1h	0.000004950	−0.119%	$25K	$18K	10x	as long as short