Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h +0.100%

Price spread now: 01 Exchange against MEXC+0.027%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. 01 Exchange is 0.027% dearer against MEXC than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PEPE_USDT	0.000005133	0.0793	pay 0.0793% / 8h	2h 03m	$98.7M	$304.9M	300x
Short	01 Exchange kPEPEUSD	0.000005134	0.0680	get 0.0085% / 1h	3m 54s	$619	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.027%Rate

Funding earned: −$23.73
Price spread: +0.027% → 0.000%: $2.73
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$28
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.29 bp	1.4 bp −$1	14.0 bp −$140	48.2 bp −$4,822	82.3 bp −$41.2K
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
dYdX PEPE-USD	0.0000%	1h	0.000005119	−0.263%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0007%	1h	0.000005128	−0.095%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005127	−0.109%	$59K	$178K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005127	−0.117%	$100.2M	$410.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005128	−0.090%	$162.3M	$95.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005136	+0.057%	$25.9M	$71.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005136	+0.058%	$614K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005161	+0.554%	$28K	$539K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005140	+0.136%	$2K	$2.6M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005126	−0.131%	$583K	$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
SoDEX 1000PEPE-USD	+0.0152%	1h	0.000005134	+0.027%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005133	+0.001%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0320%	8h	0.000005129	−0.064%	$45.6M	$212.9M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0381%	8h	0.000005134	+0.035%	$34K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0420%	8h	0.000005127	−0.109%	$47.9M	$712.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0540%	8h	0.000005129	−0.064%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0548%	8h	0.000005127	−0.109%	$4.3M	$29.2M	75x	as long as short
Lighter 1000PEPE	+0.0608%	1h	0.000005137	+0.086%	$620K	$9.1M	10x	as long as short
Phemex u1000PEPEUSDT	+0.0620%	8h	0.000005132	−0.010%	$2.4M	$8.0M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0647%	1h	0.000005136	+0.076%	$68K	$843K	15x	as long as short
Nado kPEPE-PERP	+0.0658%	1h	0.000005130	−0.042%	$160K	$952K	10x	as long as short
01 Exchange kPEPEUSDshort	+0.0680%	1h	0.000005134	+0.027%	$619	$3K	10x
Coinbase International 1000PEPE-PERP-INTX	+0.0680%	1h	0.000005137	+0.086%	$687K	$38.0M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0725%	1h	0.000005133	+0.008%	$73K	$127K	25x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0737%	1h	0.000005159	+0.514%	$156K	$817K	25x	as long as short
BingX 1000PEPE-USDT	+0.0760%	8h	0.000005129	−0.068%	—	$239.9M	—	as long as short
Extended 1000PEPE-USD	+0.0792%	1h	0.000005131	−0.036%	$544K	$281K	25x	as long as short
MEXC PEPE_USDTlong	+0.0793%	8h	0.000005133	long leg	$98.7M	$304.9M	300x
Binance 1000PEPEUSDT	+0.0793%	8h	0.000005129	−0.072%	$142.6M	$1.44B	75x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005135	+0.047%	$145K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0822%	8h	0.000005130	−0.045%	$1.8M	$11.5M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0832%	1h	0.000005133	+0.008%	$4.7M	$16.8M	50x	as long as short
Hyperliquid kPEPE	+0.1028%	1h	0.000005141	+0.164%	$54.9M	$153.7M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1131% / S −0.2351%	1h	0.000005000	−2.583%	$63K	—	100x	as long as short
Injective PEPE/USDC PERP	+0.1379%	1h	0.000005131	−0.031%	$10K	$119K	12x	as long as short