Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.022%

Price spread now: Aevo against MEXC−0.065%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,147as in the Price arb table

costs, in and out, $10k−$1,14511.454% of the position

Long on MEXC Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)+0.184%+$18 · spread now −0.065%, 7d avg −0.045%

Together, before fees+0.206%+$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PEPE_USDT	0.000004939	0.0100	pay 0.0100% / 8h	4h 27m	$99.7M	$292.6M	300x
Short	Aevo 1000PEPE-PERP	0.000004936	0.0096	get 0.0012% / 1h	27m 14s	$140K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against MEXC. 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 MEXCbpFee AevobpOrdersPrice spread, now −0.065%Rate

Funding earned: −$0.84
Price spread: −0.065% → −0.045%: −$1.95
Slippage, 4 orders: −$1,129.44
Fee MEXC: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$1,148.23
Costs to cover: 11.454%
Break-even: never at this rate

Slippage from MEXC: live order book, 10 min ago; Aevo: live order book, 14 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 MEXC live order book, 10 min ago	0.10 bp	0.3 bp $0	20.4 bp −$204	49.9 bp −$4,994	84.0 bp −$42.0K
Sell Aevo live order book, 14 min ago	270.81 bp	572.9 bp −$573	doesn't fit	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	−0.0233%	1h	0.000004935	−0.094%	$4.5M	$16.2M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	0.000004935	−0.085%	$61K	$119K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0007%	1h	0.000004932	−0.140%	$4K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004940	+0.016%	$606K	$9.0M	10x	as long as short
Aevo 1000PEPE-PERPshort	+0.0096%	1h	0.000004936	−0.065%	$140K	—	3x
Nado kPEPE-PERP	+0.0100%	1h	0.000004935	−0.076%	$139K	$941K	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004935	−0.085%	$50.5M	$156.2M	10x	as long as short
Aster 1000PEPEUSDT	+0.0100%	8h	0.000004938	−0.014%	$1.7M	$12.7M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004938	−0.024%	$58K	$198K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	0.000004939	−0.003%	$126.8M	$1.54B	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	0.000004935	−0.081%	$92.5M	$447.2M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004937	−0.045%	$44.7M	$722.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004934	−0.105%	$149.9M	$104.0M	75x	as long as short
MEXC PEPE_USDTlong	+0.0100%	8h	0.000004939	long leg	$99.7M	$292.6M	300x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004938	−0.032%	$24.9M	$76.5M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004933	−0.121%	$43.4M	$236.2M	75x	as long as short
BingX 1000PEPE-USDT	+0.0100%	8h	0.000004934	−0.109%	—	$182.0M	—	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004930	−0.190%	$75K	$997K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004937	−0.043%	$674K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004927	−0.256%	$26K	$574K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004926	−0.267%	$110K	$870K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004943	+0.079%	$2K	$2.5M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004937	−0.045%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004935	−0.077%	$578K	$4.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004932	−0.146%	$2.3M	$8.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0104%	8h	0.000004936	−0.064%	$6K	—	20x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	0.000004934	−0.100%	$517K	$288K	25x	as long as short
01 Exchange kPEPEUSD	+0.0120%	1h	0.000004936	−0.065%	$595	$2K	10x	as long as short
Injective PEPE/USDC PERP	+0.0176%	1h	0.000004904	−0.713%	$3K	$123K	12x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004934	−0.112%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004926	−0.267%	$4.3M	$28.4M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0225%	8h	0.000004932	−0.142%	$31K	$30K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0320%	1h	0.000004937	−0.045%	$697K	$38.7M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0704% / S −0.0721%	1h	0.000004000	−19.015%	$52K	—	100x	as long as short
dYdX PEPE-USD	+0.4726%	1h	0.000004934	−0.103%	$25K	$18K	10x	as long as short