Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

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 0.000%

Price spread now: Bitget against HTX−0.513%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$460.461% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 3 days (all we have)+0.450%+$45 · spread now −0.513%, 7d avg −0.010%

Together, before fees+0.363%+$36 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: Bitget is 0.503% cheaper against HTX than usual: you would sell low and buy high, −$50 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PEPE-USDT	0.000005093	0.0100	pay 0.0100% / 8h	6h 09m	$573K	$3.6M	75x
Short	Bitget PEPEUSDT	0.000005066	0.0100	get 0.0100% / 8h	6h 09m	$47.1M	$165.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now −0.513%Rate

Funding earned: $0
Price spread: −0.513% → −0.010%: −$50.28
Slippage, 4 orders: −$22.05
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$96.33
Costs to cover: 0.461%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Bitget: live order book, 5 min ago.

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 HTX live order book, 4 min ago	0.59 bp	15.8 bp −$16	31.2 bp −$312	82.0 bp −$8,205	doesn't fit
Sell Bitget live order book, 5 min ago	3.25 bp	11.4 bp −$11	14.8 bp −$148	doesn't fit	doesn't fit

PEPE on 34 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	0.000005054	−0.758%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005072	−0.408%	$18K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005072	−0.405%	$62K	$127K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005060	−0.634%	$98.5M	$326.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005064	−0.562%	$162.5M	$72.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005079	−0.273%	$25.5M	$61.2M	75x	as long as short
Bitget PEPEUSDTshort	+0.0100%	8h	0.000005066	−0.513%	$47.1M	$165.6M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000005085	−0.157%	$648K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005092	−0.002%	$27K	$421K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005089	−0.069%	$1K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDTlong	+0.0100%	8h	0.000005093	long leg	$573K	$3.6M	75x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005078	−0.278%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0253%	8h	0.000005065	−0.542%	$45.2M	$575.1M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0285%	8h	0.000005083	−0.181%	$33K	$24K	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0341%	1h	0.000005079	−0.267%	$62K	$114K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005086	−0.130%	$730K	$30.2M	50x	as long as short
BingX 1000PEPE-USDC	+0.0507%	8h	0.000005067	−0.497%	—	$2.3M	—	as long as short
ApeX Omni 1000PEPEUSDT	+0.0508%	1h	0.000005075	−0.346%	$105K	$748K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0510%	8h	0.000005083	−0.194%	$2.4M	$7.0M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0525% / S −0.0554%	1h	0.000005000	−1.818%	$57K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0544%	1h	0.000005067	−0.503%	$556K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0544%	1h	0.000005084	−0.169%	$144K	—	3x	as long as short
MEXC PEPE_USDT	+0.0546%	8h	0.000005069	−0.463%	$95.5M	$292.1M	300x	as long as short
Binance 1000PEPEUSDT	+0.0547%	8h	0.000005068	−0.483%	$143.5M	$1.18B	75x	as long as short
SoDEX 1000PEPE-USD	+0.0623%	1h	0.000005084	−0.169%	$2K	$12K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0641%	8h	0.000005080	−0.239%	$6K	$16	20x	as long as short
Aster 1000PEPEUSDT	+0.0643%	8h	0.000005078	−0.290%	$1.7M	$8.3M	50x	as long as short
Nado kPEPE-PERP	+0.0647%	1h	0.000005077	−0.307%	$192K	$886K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0820%	1h	0.000005080	−0.242%	$4.0M	$14.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005110	+0.342%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0938%	1h	0.000005078	−0.297%	$98K	$622K	15x	as long as short
01 Exchange kPEPEUSD	+0.0960%	1h	0.000005073	−0.385%	$612	$3K	10x	as long as short
Lighter 1000PEPE	+0.1760%	1h	0.000005074	−0.365%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2063%	1h	0.000005083	−0.189%	$56.0M	$135.8M	10x	as long as short