Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%
Price spread now: edgeX against KuCoin−0.034%83s7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$440.440% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.061%+$6 on $10k
Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.034%, 7d avg +0.014%
Together, before fees+0.211%+ Points / potential airdropedgeX: Active · farm board+$21 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: edgeX is 0.047% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.014%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PEPEUSDTM0.0000050010.0100pay 0.0100% / 8h2h 26m$24.9M$70.9M75x
ShortedgeX 1000PEPEUSDC0.0000050000.0100get 0.0050% / 4h2h 26m$27K$537K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against KuCoin. 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

Funding earned
$0
Price spread: −0.034% → +0.014%
−$4.74
Slippage, 4 orders
−$23.04
Fee KuCoin: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$48.79
Costs to cover
0.440%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; edgeX: live order book, 23 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 3 min ago1.40 bp15.3 bp −$1531.2 bp −$312doesn't fitdoesn't fit
Sell edgeX live order book, 23 min ago0.99 bp5.6 bp −$68.6 bp −$86doesn't fitdoesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000004995−0.122%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0001%1h0.000004999−0.050%$6K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005000−0.026%$57K$177K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005002+0.010%$98.0M$404.8M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005000−0.026%$161.1M$94.1M75xas long as short
KuCoin PEPEUSDTMlong+0.0100%8h0.000005001long leg$24.9M$70.9M75x
Variational Omni 1000PEPE+0.0100%8h0.000005002+0.007%$598K$5.4Mas long as short
edgeX 1000PEPEUSDCshort+0.0100%4h0.000005000−0.034%$27K$537K20x
SunX 1000PEPE-USDT+0.0100%8h0.000005011+0.202%$1K$2.6M20xas long as short
HTX PEPE-USDT+0.0100%8h0.000005000−0.034%$560K$4.1M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya kPEPERUSDPERP+0.0189%1h0.000005003+0.028%$8K15xas long as short
SoDEX 1000PEPE-USD+0.0192%1h0.000005005+0.074%$2K$10K10xas long as short
Bitget PEPEUSDT+0.0333%8h0.000005005+0.080%$44.9M$210.1M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0398%8h0.000005005+0.074%$33K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0419%8h0.000005005+0.074%$46.2M$684.2M50xas long as short
BloFin PEPE-USDT+0.0542%8h0.000004998−0.066%$4.4M$27.9M75xas long as short
Paradex kPEPE-USD-PERP+0.0549%8h0.000005000−0.018%$6K20xas long as short
Backpack kPEPE_USDC_PERP+0.0627%1h0.000005007+0.110%$73K$831K15xas long as short
Phemex u1000PEPEUSDT+0.0646%8h0.000005000−0.022%$2.4M$7.9M50xas long as short
01 Exchange kPEPEUSD+0.0648%1h0.000005012+0.214%$605$3K10xas long as short
Lighter 1000PEPE+0.0656%1h0.000005007+0.114%$594K$9.0M10xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0680%1h0.000005002+0.014%$638K$36.7M50xas long as short
ApeX Omni 1000PEPEUSDT+0.0730%1h0.000004999−0.046%$154K$813K25xas long as short
Nado kPEPE-PERP+0.0733%1h0.000005003+0.027%$164K$943K10xas long as short
BingX 1000PEPE-USDC+0.0756%8h0.000005001−0.012%$2.3Mas long as short
Extended 1000PEPE-USD+0.0784%1h0.000005002+0.019%$528K$277K25xas long as short
Aevo 1000PEPE-PERP+0.0784%1h0.000005007+0.114%$142K3xas long as short
MEXC PEPE_USDT+0.0785%8h0.000005008+0.132%$95.1M$301.8M300xas long as short
Binance 1000PEPEUSDT+0.0786%8h0.000005003+0.042%$140.3M$1.41B75xas long as short
Aster 1000PEPEUSDT+0.0837%8h0.000005001−0.009%$1.8M$11.2M50xas long as short
Kraken Futures PF_PEPEUSD+0.0854%1h0.000005001−0.004%$4.6M$16.7M50xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0950%1h0.000005004+0.054%$71K$127K25xas long as short
Hyperliquid kPEPE+0.0993%1h0.000005008+0.134%$52.7M$152.1M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1124% / S −0.2162%1h0.000004000−20.021%$63K100xas long as short
Injective PEPE/USDC PERP+0.1379%1h0.000004992−0.186%$3K$111K12xas long as short