ArbiLayer

PEPE arbitrage

live

Live Pepe price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.02%Variational → HTX · Perp–Perp
Best perp–perp spread+0.18%Variational → HTX
Markets tracked1811 venues · 11 perp · 7 spot · 0 DEX
Price range0.28%$0.00000414 – $0.00000415

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Variational logoVariational$0.00000414HTX logoHTX$0.00000415 +0.18%+0.02% +0.20%— +0.057%— LS Chart →
Variational logoVariational$0.00000414Binance logoBinance$0.00000414 +0.14%-0.02% +0.12%— -0.061%— LS Chart →
Variational logoVariational$0.00000414Bitget logoBitget$0.00000414 +0.13%-0.03% +0.12%— -0.043%— LS Chart →
Variational logoVariational$0.00000414MEXC logoMEXC$0.00000414 +0.12%-0.04% +0.10%— -0.063%— LS Chart →
Variational logoVariational$0.00000414Aster logoAster$0.00000414 +0.11%-0.05% +0.10%— -0.019%— LS Chart →
Variational logoVariational$0.00000414KuCoin logoKuCoin$0.00000414 +0.11%-0.05% +0.11%— +0.000%— LS Chart →
Bybit logoBybit$0.00000414HTX logoHTX$0.00000415 +0.08%-0.08% +0.10%— +0.053%— LS Chart →
Gate logoGate$0.00000414HTX logoHTX$0.00000415 +0.08%-0.08% +0.10%— +0.056%— LS Chart →
OKX logoOKX$0.00000414HTX logoHTX$0.00000415 +0.08%-0.08% +0.11%— +0.095%— LS Chart →
Variational logoVariational$0.00000414Gate logoGate$0.00000414 +0.07%-0.09% +0.07%— +0.002%— LS Chart →
Variational logoVariational$0.00000414OKX logoOKX$0.00000414 +0.07%-0.09% +0.06%— -0.038%— LS Chart →
Variational logoVariational$0.00000414Bybit logoBybit$0.00000414 +0.07%-0.09% +0.07%— +0.004%— LS Chart →
Variational logoVariational$0.00000414Hyperliquid logoHyperliquid$0.00000414 +0.07%-0.09% +0.08%— -0.008%— LS Chart →
Aster logoAster$0.00000414HTX logoHTX$0.00000415 +0.07%-0.09% +0.09%— +0.076%— LS Chart →
KuCoin logoKuCoin$0.00000414HTX logoHTX$0.00000415 +0.06%-0.10% +0.08%— +0.057%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

PEPE price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
MEXC logoMEXCPerpetual · PEPE_USDTPerpetual $0.00000414$0.00000414$0.00000414-0.01% -0.090%$116.89M
OKX logoOKXPerpetual · PEPE-USDT-SWAPPerpetual $0.00000414$0.00000414$0.00000414-0.05% -0.065%$110.42M
Bybit logoBybitPerpetual · 1000PEPEUSDTPerpetual $0.00000414$0.00000414$0.00000414-0.05% -0.023%$52.91M
KuCoin logoKuCoinPerpetual · PEPEUSDTMPerpetual $0.00000414$0.00000414$0.00000414-0.03% -0.027%$30.09M
Bitget logoBitgetPerpetual · PEPEUSDTPerpetual $0.00000414$0.00000414$0.00000414-0.00% -0.070%$27.73M
Hyperliquid logoHyperliquidPerpetual · KPEPEPerpetual $0.00000414$0.00000414$0.00000414-0.04% -0.035%$19.72M
OKX logoOKXSpot · PEPE-USDTSpot $0.00000415$0.00000415$0.00000415+0.02% —$13.52M
Gate logoGateSpot · PEPE_USDTSpot $0.00000415$0.00000415$0.00000415+0.03% —$7.17M
KuCoin logoKuCoinSpot · PEPE-USDTSpot $0.00000415$0.00000415$0.00000415+0.04% —$6.98M
Bybit logoBybitSpot · PEPEUSDTSpot $0.00000415$0.00000415$0.00000415+0.02% —$6.56M
Bitget logoBitgetSpot · PEPEUSDTSpot $0.00000415$0.00000415$0.00000415+0.02% —$2.06M
HTX logoHTXPerpetual · PEPE-USDTPerpetual $0.00000415$0.00000415$0.00000415+0.09% +0.030%$1.92M
Gate logoGatePerpetual · PEPE_USDTPerpetual $0.00000414$0.00000414$0.00000414-0.05% -0.026%$356.8K
Variational logoVariationalPerpetual · 1000PEPEPerpetual $0.00000413$0.00000414$0.00000414-0.20% -0.027%$232.8K
Binance logoBinancePerpetual · 1000PEPEUSDTPerpetual $0.00000414$0.00000414$0.00000414+0.00% -0.088%—
Aster logoAsterPerpetual · 1000PEPEUSDTPerpetual $0.00000414$0.00000414$0.00000414-0.03% -0.046%—
Binance logoBinanceSpot · PEPEUSDTSpot $0.00000414$0.00000415$0.00000415+0.01% ——
MEXC logoMEXCSpot · PEPEUSDTSpot $0.00000414$0.00000415$0.00000415+0.01% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

PEPE arbitrage explained

Right now Pepe (PEPE) trades on 11 venues we scan: 11 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $0.00000414 and the highest bid on HTX perp at $0.00000415.

The widest PEPE perpetual spread is between Variational and HTX: long PEPE on Variational at $0.00000414 and short on HTX at $0.00000415 for +0.18% gross, or +0.02% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.057% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best PEPE route is to buy spot on Bybit and short the perpetual on HTX: +0.01% gross, -0.19% net, with +0.030% a day of funding on the short leg.

Spot–spot PEPE arbitrage (buy on Bybit, withdraw, deposit and sell on KuCoin) shows 0.00% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small PEPE gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: PEPE funding rates · PEPE spread charts · Pepe price · arbitrage scanner for all coins.

Is there a PEPE arbitrage opportunity right now?

The best PEPE route right now is to buy on Variational → sell on HTX (Perp–Perp): +0.18% gross and +0.02% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest PEPE?

Variational (perp) has the lowest PEPE ask at $0.00000414, and HTX (perp) the highest bid at $0.00000415. Prices update every 15 seconds on this page.

How many exchanges list PEPE?

ArbiLayer tracks 18 PEPE markets on 11 venues: 11 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage PEPE without transferring coins?

Use two perpetual contracts: go long PEPE on the cheaper exchange (Variational now) and short it on the more expensive one (HTX), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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