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% APRpaid last 24h −0.009%
Price spread now: HTX against edgeX−0.995%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$620.620% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.009%−$1 on $10k
Price spread, last 4 days (all we have)+1.025%+$102 · spread now −0.995%, 7d avg +0.015%
Together, before fees+1.016%+ Points / potential airdropedgeX: Active · farm board+$102 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 1.010% cheaper against edgeX than usual: you would sell low and buy high, −$101 on $10k if it goes back to its 7-day average of +0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX 1000PEPEUSDC0.0000052220.0100pay 0.0050% / 4h38m 20s$29K$545K20x
ShortHTX PEPE-USDT0.0000051700.0100get 0.0100% / 8h38m 20s$601K$4.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against edgeX. 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: −0.995% → +0.015%
−$100.98
Slippage, 4 orders
−$41
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee HTX: 6 bp × 2 orders
−$12
Net
−$162.98
Costs to cover
0.620%
Break-even
never at this rate
Slippage from edgeX: live order book, 65 min ago; HTX: live order book, 6 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 edgeX live order book, 65 min ago1.45 bp6.1 bp −$69.6 bp −$96doesn't fitdoesn't fit
Sell HTX live order book, 6 min ago14.44 bp21.8 bp −$2224.7 bp −$24796.9 bp −$9,694doesn'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%1h0.000005166−1.063%$19K$64910xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0008%1h0.000005156−1.269%$4K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005171−0.976%$60K$183K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005159−1.206%$99.2M$427.6M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005158−1.225%$163.3M$98.8M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005207−0.277%$652K$5.3Mas long as short
edgeX 1000PEPEUSDClong+0.0100%4h0.000005222long leg$29K$545K20x
SunX 1000PEPE-USDT+0.0100%8h0.000005171−0.982%$1K$2.7M20xas long as short
HTX PEPE-USDTshort+0.0100%8h0.000005170−0.995%$601K$4.2M75x
KuCoin PEPEUSDTM+0.0128%8h0.000005165−1.098%$26.8M$73.6M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya kPEPERUSDPERP+0.0189%1h0.000005164−1.117%$8K15xas long as short
Bitget PEPEUSDT+0.0270%8h0.000005158−1.215%$46.2M$219.3M75xas long as short
SoDEX 1000PEPE-USD+0.0303%1h0.000005159−1.206%$2K$11K10xas long as short
ApeX Omni 1000PEPEUSDT+0.0378%1h0.000005219−0.057%$151K$833K25xas long as short
OKX PEPE-USDT-SWAP+0.0379%8h0.000005163−1.129%$47.6M$745.7M50xas long as short
Injective PEPE/USDC PERP+0.0404%1h0.000005156−1.263%$8K$120K12xas long as short
Orderly PERP_1000PEPE_USDC+0.0412%8h0.000005162−1.141%$34K$26K20xas long as short
Paradex kPEPE-USD-PERP+0.0483%8h0.000005168−1.030%$6K20xas long as short
BloFin PEPE-USDT+0.0501%8h0.000005162−1.148%$4.4M$30.3M75xas long as short
Backpack kPEPE_USDC_PERP+0.0520%1h0.000005163−1.137%$78K$876K15xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0526%1h0.000005161−1.167%$74K$127K25xas long as short
Phemex u1000PEPEUSDT+0.0534%8h0.000005169−1.012%$2.4M$8.1M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0544%1h0.000005168−1.033%$653K$39.7M50xas long as short
Lighter 1000PEPE+0.0592%1h0.000005174−0.918%$621K$9.0M10xas long as short
Nado kPEPE-PERP+0.0707%1h0.000005160−1.178%$165K$956K10xas long as short
Kraken Futures PF_PEPEUSD+0.0711%1h0.000005158−1.230%$4.7M$16.8M50xas long as short
BingX 1000PEPE-USDC+0.0712%8h0.000005162−1.141%$2.3Mas long as short
01 Exchange kPEPEUSD+0.0720%1h0.000005167−1.052%$623$2K10xas long as short
Aster 1000PEPEUSDT+0.0729%8h0.000005159−1.201%$1.8M$11.8M50xas long as short
Extended 1000PEPE-USD+0.0744%1h0.000005160−1.191%$542K$284K25xas long as short
Aevo 1000PEPE-PERP+0.0744%1h0.000005164−1.110%$146K3xas long as short
MEXC PEPE_USDT+0.0745%8h0.000005165−1.089%$101.6M$305.7M300xas long as short
Binance 1000PEPEUSDT+0.0746%8h0.000005159−1.206%$142.2M$1.49B75xas long as short
Hyperliquid kPEPE+0.0942%1h0.000005169−1.014%$53.8M$157.7M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1133% / S −0.2351%1h0.000005000−4.250%$63K100xas long as short