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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.044%
Price spread now: ApeX Omni against Gate−0.462%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$510.512% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.079%+$8 on $10k
Price spread, last 3 days (all we have)+0.592%+$59 · spread now −0.462%, 7d avg +0.008%
Together, before fees+0.671%+$67 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: ApeX Omni is 0.470% cheaper against Gate than usual: you would sell low and buy high, −$47 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PEPE_USDT0.0000047620.0100pay 0.0100% / 8h2m 46s$150.9M$65.1M75x
ShortApeX Omni 1000PEPEUSDT0.0000047400.0100get 0.0013% / 1h2m 46s$99K$755K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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: −0.462% → +0.008%
−$47.05
Slippage, 4 orders
−$26.23
Fee Gate: 7.5 bp × 2 orders
−$15
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$98.27
Costs to cover
0.512%
Break-even
never at this rate
Slippage from Gate: live order book, 1 min ago; ApeX Omni: live order book, 11 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 Gate live order book, 1 min ago2.10 bp12.8 bp −$1319.3 bp −$19353.9 bp −$5,389doesn't fit
Sell ApeX Omni live order book, 11 min ago4.34 bp14.1 bp −$1480.1 bp −$801doesn'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
Hyperliquid kPEPE−0.0328%1h0.000004765+0.063%$69.1M$99.6M10xas long as short
dYdX PEPE-USD0.0000%1h0.000004768+0.127%$17K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004760−0.050%$14K150xas long as short
Kraken Futures PF_PEPEUSD+0.0067%1h0.000004763+0.019%$3.9M$13.9M50xas long as short
Pacifica kPEPE+0.0100%1h0.000004771+0.189%$56K$119K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004769+0.147%$87.3M$295.3M50xas long as short
Gate PEPE_USDTlong+0.0100%8h0.000004762long leg$150.9M$65.1M75x
KuCoin PEPEUSDTM+0.0100%8h0.000004764+0.048%$24.5M$54.9M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000004770+0.170%$42.1M$151.1M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004725−0.780%$544K$4.2Mas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX 1000PEPEUSDC+0.0100%4h0.000004725−0.782%$25K$351K20xas long as short
ApeX Omni 1000PEPEUSDTshort+0.0100%1h0.000004740−0.462%$99K$755K25x
SunX 1000PEPE-USDT+0.0100%8h0.000004770+0.170%$2K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004763+0.021%$2K$12K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004762−0.004%$538K$3.5M75xas long as short
Phemex u1000PEPEUSDT+0.0162%8h0.000004768+0.132%$2.3M$6.5M50xas long as short
Paradex kPEPE-USD-PERP+0.0178%8h0.000004765+0.058%$5K$1620xas long as short
Lighter 1000PEPE+0.0184%1h0.000004772+0.210%$576K$6.6M10xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004765+0.060%$7K15xas long as short
OKX PEPE-USDT-SWAP+0.0194%8h0.000004773+0.231%$42.5M$500.9M50xas long as short
01 Exchange kPEPEUSD+0.0312%1h0.000004766+0.084%$546$2K10xas long as short
BloFin PEPE-USDT+0.0315%8h0.000004763+0.021%$3.9M$22.5M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0344%8h0.000004764+0.050%$29K$13K20xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0395% / S −0.0434%1h0.000004000−16.002%$43K100xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0400%1h0.000004753−0.189%$558K$25.6M50xas long as short
Injective PEPE/USDC PERP+0.0437%1h0.000004746−0.336%$4K$102K12xas long as short
Backpack kPEPE_USDC_PERP+0.0536%1h0.000004768+0.118%$93K$603K15xas long as short
BingX 1000PEPE-USDC+0.0548%8h0.000004770+0.172%$2.3Mas long as short
Aster 1000PEPEUSDT+0.0555%8h0.000004767+0.113%$1.5M$7.3M50xas long as short
Binance 1000PEPEUSDT+0.0558%8h0.000004771+0.197%$134.2M$1.07B75xas long as short
Extended 1000PEPE-USD+0.0560%1h0.000004766+0.076%$524K$148K25xas long as short
MEXC PEPE_USDT+0.0560%8h0.000004773+0.225%$90.2M$283.8M300xas long as short
Aevo 1000PEPE-PERP+0.0560%1h0.000004768+0.126%$135K3xas long as short
Nado kPEPE-PERP+0.0589%1h0.000004767+0.108%$180K$849K10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0800%1h0.000004765+0.063%$77K$98K25xas long as short