Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0486%/8h= +53.2% APRpaid last 24h +0.004%

Price spread now: Deribit against HTX0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$15 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.062% in total (about -3.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PEPE-USDT	0.000004791	0.0100	pay 0.0100% / 8h	2h 35m	$552K	$3.6M	75x
Short	Deribit 1000PEPE_USDC-PERPETUAL	0.000004791	0.0586	get 0.0073% / 1h	35m 44s	$81K	$94K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $101.98
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $82.98
Costs to cover: 0.190%
Break-even: 1.3 days

Slippage unknown: HTX: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.

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, 3 min ago	3.02 bp	28.0 bp −$28	35.5 bp −$355	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.000004793	+0.049%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004783	−0.165%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004795	+0.083%	$56.5M	$69.8M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004801	+0.209%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004800	+0.184%	$88.6M	$273.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004790	−0.021%	$148.0M	$61.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004798	+0.154%	$23.7M	$52.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004852	+1.263%	$713K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004821	+0.626%	$27K	$337K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004809	+0.382%	$2K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDTlong	+0.0100%	8h	0.000004791	long leg	$552K	$3.6M	75x
OKX PEPE-USDT-SWAP	+0.0121%	8h	0.000004802	+0.230%	$41.2M	$487.6M	50x	as long as short
Bitget PEPEUSDT	+0.0168%	8h	0.000004800	+0.177%	$43.3M	$152.0M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004791	−0.002%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0241%	8h	0.000004812	+0.438%	$3.9M	$21.5M	75x	as long as short
Lighter 1000PEPE	+0.0248%	1h	0.000004800	+0.188%	$590K	$5.1M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0217%	1h	0.000004000	−16.510%	$52K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0355%	8h	0.000004799	+0.165%	$5K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0371%	8h	0.000004791	+0.008%	$30K	$10K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0402%	1h	0.000004795	+0.088%	$95K	$624K	15x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004804	+0.271%	$587K	$25.3M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0480%	8h	0.000004789	−0.038%	$2.3M	$6.4M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0549%	1h	0.000004790	−0.021%	$2K	$9K	10x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004820	+0.605%	$4K	$92K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUALshort	+0.0586%	1h	0.000004791	0.000%	$81K	$94K	25x
ApeX Omni 1000PEPEUSDT	+0.0629%	1h	0.000004856	+1.357%	$100K	$758K	25x	as long as short
Nado kPEPE-PERP	+0.0666%	1h	0.000004796	+0.096%	$179K	$866K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0765%	1h	0.000004789	−0.042%	$3.8M	$12.9M	50x	as long as short
BingX 1000PEPE-USDT	+0.0766%	8h	0.000004804	+0.278%	—	$254.8M	—	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000004798	+0.146%	$136K	—	3x	as long as short
Extended 1000PEPE-USD	+0.0808%	1h	0.000004794	+0.054%	$526K	$146K	25x	as long as short
Binance 1000PEPEUSDT	+0.0809%	8h	0.000004806	+0.317%	$127.4M	$1.01B	75x	as long as short
MEXC PEPE_USDT	+0.0810%	8h	0.000004802	+0.234%	$89.2M	$289.1M	300x	as long as short
Aster 1000PEPEUSDT	+0.0849%	8h	0.000004796	+0.113%	$1.5M	$6.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.1248%	1h	0.000004801	+0.209%	$550	$2K	10x	as long as short