Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.024%
Price spread now: Aevo against BingX+0.190%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,153as in the Price arb table
costs, in and out, $10k−$1,17311.733% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 3 days (all we have)+0.079%+$8 · spread now +0.190%, 7d avg −0.009%
Together, before fees+0.068%+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 0.199% dearer against BingX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX 1000PEPE-USDT0.0000049000.0754pay 0.0754% / 8h2h 46m$254.4M
ShortAevo 1000PEPE-PERP0.0000049090.0800get 0.0100% / 1h46m 42s$139K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against BingX. 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

Funding earned
$9.66
Price spread: +0.190% → −0.009%
$19.9
Slippage, 4 orders
−$1,147.31
Fee BingX: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$1,143.75
Costs to cover
11.733%
Break-even
835.8 days
Slippage from BingX: live order book, 7 min ago; Aevo: live order book, 42 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 7 min ago0.10 bp5.1 bp −$57.8 bp −$7818.8 bp −$1,87944.2 bp −$22.1K
Sell Aevo live order book, 42 min ago271.04 bp587.9 bp −$588doesn't fitdoesn't fitdoesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000004897−0.055%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004898−0.029%$14K150xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004898−0.035%$56.8M$68.7M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004901+0.027%$57K$109K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004896−0.076%$89.4M$271.4M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004894−0.116%$149.1M$60.6M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004901+0.022%$25.6M$51.1M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004845−1.126%$708K$3.7Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004879−0.431%$27K$337K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004917+0.345%$2K$2.4M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000004907+0.147%$557K$3.5M75xas long as short
OKX PEPE-USDT-SWAP+0.0112%8h0.000004899−0.014%$42.1M$495.5M50xas long as short
Bitget PEPEUSDT+0.0173%8h0.000004896−0.080%$45.2M$150.4M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004908+0.169%$7K15xas long as short
BloFin PEPE-USDT+0.0230%8h0.000004894−0.116%$4.0M$21.8M75xas long as short
Lighter 1000PEPE+0.0240%1h0.000004900+0.006%$572K$5.0M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0320% / S −0.0217%1h0.000004000−18.362%$53K100xas long as short
Backpack kPEPE_USDC_PERP+0.0338%1h0.000004899−0.022%$108K$619K15xas long as short
Paradex kPEPE-USD-PERP+0.0346%8h0.000004909+0.186%$5K$1620xas long as short
Orderly PERP_1000PEPE_USDC+0.0357%8h0.000004906+0.131%$31K$10K20xas long as short
Phemex u1000PEPEUSDT+0.0425%8h0.000004897−0.047%$2.4M$6.3M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0464%1h0.000004899−0.014%$601K$25.7M50xas long as short
Injective PEPE/USDC PERP+0.0555%1h0.000004908+0.169%$4K$92K12xas long as short
Nado kPEPE-PERP+0.0643%1h0.000004907+0.149%$183K$866K10xas long as short
SoDEX 1000PEPE-USD+0.0675%1h0.000004900+0.006%$2K$9K10xas long as short
Kraken Futures PF_PEPEUSD+0.0747%1h0.000004900+0.012%$3.9M$12.8M50xas long as short
BingX 1000PEPE-USDTlong+0.0754%8h0.000004900long leg$254.4M
ApeX Omni 1000PEPEUSDT+0.0766%1h0.000004850−1.014%$101K$757K25xas long as short
MEXC PEPE_USDT+0.0798%8h0.000004900+0.016%$92.1M$287.1M300xas long as short
Extended 1000PEPE-USD+0.0800%1h0.000004898−0.026%$538K$146K25xas long as short
Aevo 1000PEPE-PERPshort+0.0800%1h0.000004909+0.190%$139K3x
Binance 1000PEPEUSDT+0.0805%8h0.000004901+0.019%$129.4M$1.01B75xas long as short
Aster 1000PEPEUSDT+0.0868%8h0.000004903+0.063%$1.5M$6.7M50xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0974%1h0.000004906+0.129%$83K$94K25xas long as short
01 Exchange kPEPEUSD+0.1576%1h0.000004918+0.373%$563$2K10xas long as short