Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0411%/8h= +45.0% APRpaid last 24h −0.049%

Price spread now: Binance against 01 Exchange−0.288%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Binance

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

Funding pays, the price is against you. Binance is 0.288% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.288% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 2.3 days of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange kPEPEUSD	0.000005005	0.0136	pay 0.0017% / 1h	55m 55s	$604	$2K	10x
Short	Binance 1000PEPEUSDT	0.000004991	0.0547	get 0.0547% / 8h	6h 55m	$131.3M	$1.54B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against 01 Exchange. 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 01 ExchangebpFee BinancebpOrdersPrice spread, now −0.288%Rate

Funding earned: $86.24
Price spread: −0.288% → 0.000%: −$28.79
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $40.45
Costs to cover: 0.170%
Break-even: 3.7 days

Slippage unknown: 01 Exchange: no order-book sample; Binance: live order book, 3 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	0.10 bp	7.6 bp −$8	13.3 bp −$133	36.2 bp −$3,615	doesn't fit

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
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	0.000005004	−0.020%	$57K	$139K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005002	−0.058%	$3K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0026%	1h	0.000005003	−0.044%	$4.6M	$16.7M	50x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000005005	0.000%	$51.6M	$161.9M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005008	+0.060%	$58K	$197K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004987	−0.352%	$96.0M	$447.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004991	−0.280%	$159.5M	$100.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005002	−0.069%	$650K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004997	−0.152%	$27K	$570K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000005009	+0.080%	$146K	$846K	25x	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	0.000005009	+0.084%	$2K	$2.6M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005005	0.000%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005006	+0.020%	$585K	$4.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0110%	8h	0.000005003	−0.048%	$2.3M	$8.0M	50x	as long as short
Bitget PEPEUSDT	+0.0120%	8h	0.000004993	−0.242%	$44.5M	$225.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0123%	8h	0.000004994	−0.218%	$25.5M	$75.9M	75x	as long as short
Lighter 1000PEPE	+0.0128%	1h	0.000005006	+0.020%	$591K	$9.0M	10x	as long as short
01 Exchange kPEPEUSDlong	+0.0136%	1h	0.000005005	long leg	$604	$2K	10x
Nado kPEPE-PERP	+0.0186%	1h	0.000005006	+0.021%	$152K	$948K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005003	−0.046%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0268%	8h	0.000004987	−0.360%	$45.5M	$740.2M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0269%	8h	0.000005010	+0.093%	$6K	—	20x	as long as short
Injective PEPE/USDC PERP	+0.0363%	1h	0.000005011	+0.120%	$6K	$121K	12x	as long as short
BloFin PEPE-USDT	+0.0393%	8h	0.000005018	+0.260%	$4.4M	$30.2M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0429%	8h	0.000005006	+0.020%	$32K	$31K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000005004	−0.020%	$664K	$39.3M	50x	as long as short
Extended 1000PEPE-USD	+0.0544%	1h	0.000004993	−0.236%	$525K	$288K	25x	as long as short
BingX 1000PEPE-USDT	+0.0545%	8h	0.000004991	−0.286%	—	$179.7M	—	as long as short
MEXC PEPE_USDT	+0.0546%	8h	0.000004999	−0.120%	$101.0M	$303.4M	300x	as long as short
Binance 1000PEPEUSDTshort	+0.0547%	8h	0.000004991	−0.288%	$131.3M	$1.54B	75x
Aevo 1000PEPE-PERP	+0.0552%	1h	0.000005031	+0.519%	$142K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0567%	8h	0.000005000	−0.109%	$1.8M	$12.3M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0578%	1h	0.000005002	−0.052%	$66K	$959K	15x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0926% / S −0.1034%	1h	0.000005000	−0.100%	$50K	—	100x	as long as short
dYdX PEPE-USD	+0.7787%	1h	0.000005005	0.000%	$25K	$12K	10x	as long as short