Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0455%/8h= +49.8% APRpaid last 24h +0.069%

Price spread now: Injective against HTX+0.104%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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.325%+$32 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Injective is 0.104% dearer against HTX than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PEPE-USDT	0.000004883	0.0100	pay 0.0100% / 8h	2h 44m	$554K	$3.5M	75x
Short	Injective PEPE/USDC PERP	0.000004888	0.0555	get 0.0069% / 1h	44m 32s	$4K	$92K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.104%Rate

Funding earned: $95.58
Price spread: +0.104% → 0.000%: $10.44
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $94.01
Costs to cover: 0.120%
Break-even: 0.1 days

Slippage unknown: HTX: live order book, 4 min ago; Injective: 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, 4 min ago	6.63 bp	13.0 bp −$13	28.1 bp −$281	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	0.000004869	−0.295%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004877	−0.125%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004874	−0.182%	$56.7M	$68.9M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004876	−0.141%	$57K	$109K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004873	−0.213%	$88.9M	$271.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004872	−0.223%	$148.8M	$60.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004876	−0.141%	$25.1M	$51.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004899	+0.320%	$716K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004908	+0.507%	$28K	$337K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004888	+0.094%	$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	0.000004883	long leg	$554K	$3.5M	75x
OKX PEPE-USDT-SWAP	+0.0111%	8h	0.000004876	−0.141%	$42.0M	$493.7M	50x	as long as short
Bitget PEPEUSDT	+0.0171%	8h	0.000004874	−0.172%	$44.7M	$150.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004882	−0.022%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0232%	8h	0.000004880	−0.059%	$3.9M	$21.7M	75x	as long as short
Lighter 1000PEPE	+0.0248%	1h	0.000004877	−0.121%	$599K	$5.1M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0314%	1h	0.000004877	−0.115%	$106K	$619K	15x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0319% / S −0.0217%	1h	0.000004000	−18.081%	$53K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0349%	8h	0.000004879	−0.089%	$5K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0359%	8h	0.000004882	−0.010%	$30K	$10K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0413%	8h	0.000004878	−0.098%	$2.3M	$6.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004881	−0.039%	$584K	$25.7M	50x	as long as short
Injective PEPE/USDC PERPshort	+0.0555%	1h	0.000004888	+0.104%	$4K	$92K	12x
SoDEX 1000PEPE-USD	+0.0620%	1h	0.000004877	−0.121%	$2K	$9K	10x	as long as short
Nado kPEPE-PERP	+0.0656%	1h	0.000004879	−0.072%	$182K	$866K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0751%	1h	0.000004878	−0.094%	$3.9M	$12.8M	50x	as long as short
BingX 1000PEPE-USDT	+0.0758%	8h	0.000004879	−0.082%	—	$254.6M	—	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0776%	1h	0.000004880	−0.059%	$82K	$94K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000004886	+0.063%	$138K	—	3x	as long as short
MEXC PEPE_USDT	+0.0805%	8h	0.000004875	−0.156%	$91.5M	$287.8M	300x	as long as short
Binance 1000PEPEUSDT	+0.0806%	8h	0.000004879	−0.084%	$128.8M	$1.01B	75x	as long as short
Extended 1000PEPE-USD	+0.0808%	1h	0.000004875	−0.156%	$538K	$146K	25x	as long as short
Aster 1000PEPEUSDT	+0.0866%	8h	0.000004880	−0.058%	$1.6M	$6.7M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0899%	1h	0.000004912	+0.596%	$102K	$758K	25x	as long as short
01 Exchange kPEPEUSD	+0.1472%	1h	0.000004887	+0.084%	$560	$2K	10x	as long as short