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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: HTX against Bybit+0.235%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$790.791% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.126%+$13 on $10k
Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.235%, 7d avg +0.060%
Together, before fees+0.058%+$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.175% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.060%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit 1000PEPEUSDT0.0000053260.0100pay 0.0100% / 8h3h 50m$104.2M$369.1M50x
ShortHTX PEPE-USDT0.0000053390.0100get 0.0100% / 8h3h 50m$616K$3.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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
$0
Price spread: +0.235% → +0.060%
$17.49
Slippage, 4 orders
−$56.15
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee HTX: 6 bp × 2 orders
−$12
Net
−$61.65
Costs to cover
0.791%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; HTX: live order book, 3 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 Bybit live order book, 3 min ago0.95 bp7.3 bp −$714.9 bp −$14935.0 bp −$3,502doesn't fit
Sell HTX live order book, 3 min ago16.03 bp35.4 bp −$3557.0 bp −$570105.7 bp −$10.6Kdoesn'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%1h0.000005321−0.101%$20K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0007%1h0.000005333+0.124%$4K150xas long as short
Injective PEPE/USDC PERP+0.0092%1h0.000005381+1.023%$3K$111K12xas long as short
Pacifica kPEPE+0.0100%1h0.000005330+0.066%$70K$152K10xas long as short
Bybit 1000PEPEUSDTlong+0.0100%8h0.000005326long leg$104.2M$369.1M50x
Gate PEPE_USDT+0.0100%8h0.000005329+0.047%$175.9M$85.6M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005335+0.160%$26.9M$67.2M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005323−0.074%$765K$5.0Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005303−0.438%$38K$492K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005349+0.426%$2K$2.5M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDTshort+0.0100%8h0.000005339+0.235%$616K$3.8M75x
Reya kPEPERUSDPERP+0.0189%1h0.000005325−0.028%$8K15xas long as short
Bitget PEPEUSDT+0.0249%8h0.000005332+0.111%$51.7M$185.9M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0375%8h0.000005350+0.439%$36K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0411%8h0.000005330+0.066%$52.1M$673.0M50xas long as short
BloFin PEPE-USDT+0.0531%8h0.000005341+0.272%$4.6M$28.1M75xas long as short
Phemex u1000PEPEUSDT+0.0600%8h0.000005330+0.068%$2.6M$7.4M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0712%1h0.000005351+0.460%$705K$36.2M50xas long as short
BingX 1000PEPE-USDT+0.0753%8h0.000005336+0.173%$263.8Mas long as short
Aevo 1000PEPE-PERP+0.0792%1h0.000005351+0.460%$151K3xas long as short
MEXC PEPE_USDT+0.0794%8h0.000005331+0.086%$104.0M$291.9M300xas long as short
Paradex kPEPE-USD-PERP+0.0798%8h0.000005332+0.102%$6K20xas long as short
Extended 1000PEPE-USD+0.0800%1h0.000005337+0.194%$566K$226K25xas long as short
Binance 1000PEPEUSDT+0.0800%8h0.000005336+0.182%$155.6M$1.30B75xas long as short
SoDEX 1000PEPE-USD+0.0843%1h0.000005343+0.310%$2K$10K10xas long as short
Nado kPEPE-PERP+0.0848%1h0.000005326−0.009%$189K$913K10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0873%1h0.000005347+0.385%$76K$126K25xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0880% / S −0.1714%1h0.000005000−6.130%$66K100xas long as short
Aster 1000PEPEUSDT+0.0933%8h0.000005336+0.186%$1.9M$9.9M50xas long as short
Lighter 1000PEPE+0.0992%1h0.000005347+0.385%$667K$8.5M10xas long as short
01 Exchange kPEPEUSD+0.1344%1h0.000005332+0.103%$643$3K10xas long as short
Backpack kPEPE_USDC_PERP+0.1485%1h0.000005340+0.248%$73K$722K15xas long as short
Kraken Futures PF_PEPEUSD+0.1528%1h0.000005343+0.301%$4.9M$16.3M50xas long as short
Hyperliquid kPEPE+0.1719%1h0.000005343+0.310%$58.4M$144.1M10xas long as short
ApeX Omni 1000PEPEUSDT+0.2018%1h0.000005320−0.122%$176K$798K25xas long as short