Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: HTX against Gate−0.068%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$500.500% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 3 days (all we have)+0.224%+$22 · spread now −0.068%, 7d avg +0.044%

Together, before fees+0.306%+$31 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 0.113% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PEPE_USDT	0.000004830	0.0100	pay 0.0100% / 8h	1h 33m	$151.2M	$62.6M	75x
Short	HTX PEPE-USDT	0.000004827	0.0100	get 0.0100% / 8h	1h 33m	$546K	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee GatebpFee HTXbpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → +0.044%: −$11.28
Slippage, 4 orders: −$22.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$61.24
Costs to cover: 0.500%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; HTX: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 5 min ago	1.03 bp	11.8 bp −$12	17.4 bp −$174	78.0 bp −$7,799	doesn't fit
Sell HTX live order book, just now	5.89 bp	12.1 bp −$12	21.9 bp −$219	doesn't fit	doesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PEPE-USD	0.0000%	1h	0.000004829	−0.014%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004820	−0.201%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004836	+0.124%	$585K	$5.5M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004831	+0.021%	$62.0M	$78.6M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004834	+0.083%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004827	−0.054%	$87.3M	$280.3M	50x	as long as short
Gate PEPE_USDTlong	+0.0100%	8h	0.000004830	long leg	$151.2M	$62.6M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004832	+0.035%	$24.8M	$53.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004851	+0.434%	$581K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004847	+0.354%	$27K	$344K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004842	+0.244%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004830	0.000%	$3K	$10K	10x	as long as short
HTX PEPE-USDTshort	+0.0100%	8h	0.000004827	−0.068%	$546K	$3.5M	75x
Bitget PEPEUSDT	+0.0151%	8h	0.000004835	+0.093%	$42.6M	$151.7M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004819	−0.220%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0204%	8h	0.000004828	−0.041%	$41.9M	$492.4M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0213% / S −0.0092%	1h	0.000004000	−17.184%	$54K	—	100x	as long as short
BloFin PEPE-USDT	+0.0323%	8h	0.000004842	+0.248%	$3.9M	$22.2M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0369%	8h	0.000004832	+0.052%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0412%	8h	0.000004824	−0.124%	$2.3M	$6.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0445%	8h	0.000004826	−0.077%	$30K	$11K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004825	−0.104%	$589K	$25.6M	50x	as long as short
01 Exchange kPEPEUSD	+0.0456%	1h	0.000004832	+0.041%	$554	$2K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0591%	1h	0.000004833	+0.058%	$92K	$615K	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0709%	1h	0.000004846	+0.331%	$103K	$764K	25x	as long as short
Nado kPEPE-PERP	+0.0729%	1h	0.000004821	−0.176%	$185K	$854K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0787%	1h	0.000004826	−0.083%	$82K	$94K	25x	as long as short
BingX 1000PEPE-USDT	+0.0802%	8h	0.000004833	+0.060%	—	$256.1M	—	as long as short
Binance 1000PEPEUSDT	+0.0821%	8h	0.000004829	−0.025%	$130.7M	$1.03B	75x	as long as short
Extended 1000PEPE-USD	+0.0824%	1h	0.000004834	+0.074%	$532K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0826%	8h	0.000004837	+0.147%	$91.7M	$283.8M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0832%	1h	0.000004828	−0.041%	$136K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0848%	8h	0.000004835	+0.108%	$1.5M	$7.0M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004852	+0.455%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1320%	1h	0.000004831	+0.019%	$4.0M	$13.3M	50x	as long as short