Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0572%/8h= +62.6% APRpaid last 24h +0.079%

Price spread now: 01 Exchange against Phemex−0.490%7-day average — · you buy dearer than you sell

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

Long on Phemex 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

Funding pays, the price is against you. 01 Exchange is 0.490% cheaper against Phemex than usual: you would sell low and buy high (spread −0.490% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$49 on $10k: about 2.9 days of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex u1000PEPEUSDT	0.000005021	0.0100	pay 0.0100% / 8h	7h 02m	$2.4M	$6.8M	50x
Short	01 Exchange kPEPEUSD	0.000004996	0.0672	get 0.0084% / 1h	2m 32s	$1K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Phemex. 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 PhemexbpFee 01 ExchangebpOrdersPrice spread, now −0.490%Rate

Funding earned: $120.12
Price spread: −0.490% → 0.000%: −$49
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $52.12
Costs to cover: 0.190%
Break-even: 4.0 days

Slippage unknown: Phemex: live order book, 6 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 Phemex live order book, 6 min ago	4.94 bp	18.9 bp −$19	51.9 bp −$519	doesn't fit	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
Kraken Futures PF_PEPEUSD	−0.0117%	1h	0.000005021	0.000%	$3.9M	$14.3M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005002	−0.377%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005020	−0.014%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005002	−0.370%	$59K	$120K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004989	−0.629%	$95.1M	$312.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004993	−0.550%	$160.6M	$69.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005010	−0.217%	$25.4M	$58.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004994	−0.532%	$44.4M	$156.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005053	+0.637%	$591K	$4.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005083	+1.248%	$46K	$386K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005026	+0.108%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005023	+0.048%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005023	+0.054%	$565K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDTlong	+0.0100%	8h	0.000005021	long leg	$2.4M	$6.8M	50x
OKX PEPE-USDT-SWAP	+0.0188%	8h	0.000004992	−0.570%	$44.4M	$544.0M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004998	−0.452%	$8K	—	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0235%	1h	0.000005063	+0.845%	$111K	$752K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0271%	8h	0.000005030	+0.185%	$32K	$22K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0307%	8h	0.000004990	−0.614%	$6K	$16	20x	as long as short
BloFin PEPE-USDT	+0.0313%	8h	0.000005013	−0.151%	$4.1M	$24.4M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0347%	1h	0.000005028	+0.147%	$61K	$114K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000005023	+0.048%	$630K	$28.1M	50x	as long as short
BingX 1000PEPE-USDT	+0.0452%	8h	0.000004980	−0.801%	—	$257.7M	—	as long as short
Extended 1000PEPE-USD	+0.0472%	1h	0.000004984	−0.736%	$549K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0472%	1h	0.000005021	+0.008%	$142K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0473%	8h	0.000004996	−0.493%	$138.1M	$1.13B	75x	as long as short
MEXC PEPE_USDT	+0.0475%	8h	0.000005005	−0.305%	$96.4M	$293.4M	300x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0501% / S −0.0406%	1h	0.000005000	−0.410%	$63K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0530%	8h	0.000005014	−0.133%	$1.7M	$7.8M	50x	as long as short
Nado kPEPE-PERP	+0.0598%	1h	0.000004994	−0.532%	$184K	$867K	10x	as long as short
Lighter 1000PEPE	+0.0624%	1h	0.000005015	−0.112%	$649K	$6.9M	10x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000005069	+0.964%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0663%	1h	0.000005020	−0.002%	$95K	$601K	15x	as long as short
01 Exchange kPEPEUSDshort	+0.0672%	1h	0.000004996	−0.490%	$1K	$2K	10x
Hyperliquid kPEPE	+0.2302%	1h	0.000005014	−0.131%	$55.7M	$133.3M	10x	as long as short