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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0310%/8h= +33.9% APRnext payment +$3.10 per $10,000 · paid last 24h +0.014%
Price spread now: Orderly against HTX+0.210%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Orderly is 0.210% dearer against HTX than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PEPE-USDT0.0000050000.0100pay 0.0100% / 8h2h 38m$561K$4.1M75x
ShortOrderly PERP_1000PEPE_USDC0.0000050110.0410get 0.0410% / 8h2h 38m$33K$26K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
$65.03
Price spread: +0.210% → 0.000%
$21
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
$68.03
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: HTX: live order book, 5 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 5 min ago5.57 bp13.0 bp −$1349.5 bp −$495174.4 bp −$17.4Kdoesn't fit
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000004996−0.094%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0001%1h0.000005001+0.014%$6K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005000−0.004%$57K$177K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005008+0.154%$98.9M$402.5M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005003+0.056%$161.7M$93.7M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005012+0.236%$25.1M$70.5M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005011+0.209%$601K$5.4Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005029+0.575%$28K$536K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005010+0.192%$1K$2.6M20xas long as short
HTX PEPE-USDTlong+0.0100%8h0.000005000long leg$561K$4.1M75x
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX 1000PEPE-USD+0.0188%1h0.000005012+0.236%$2K$10K10xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005001+0.006%$8K15xas long as short
Bitget PEPEUSDT+0.0341%8h0.000005012+0.238%$45.2M$209.5M75xas long as short
Orderly PERP_1000PEPE_USDCshort+0.0410%8h0.000005011+0.210%$33K$26K20x
OKX PEPE-USDT-SWAP+0.0419%8h0.000005013+0.256%$46.1M$682.3M50xas long as short
Paradex kPEPE-USD-PERP+0.0542%8h0.000004999−0.014%$6K20xas long as short
BloFin PEPE-USDT+0.0545%8h0.000005013+0.256%$4.4M$27.9M75xas long as short
01 Exchange kPEPEUSD+0.0648%1h0.000004999−0.024%$603$3K10xas long as short
Backpack kPEPE_USDC_PERP+0.0651%1h0.000005006+0.122%$73K$829K15xas long as short
Phemex u1000PEPEUSDT+0.0665%8h0.000005006+0.108%$2.4M$7.9M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0680%1h0.000005015+0.296%$646K$36.8M50xas long as short
Lighter 1000PEPE+0.0696%1h0.000005010+0.196%$595K$9.0M10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0749%1h0.000005011+0.216%$71K$127K25xas long as short
BingX 1000PEPE-USDT+0.0770%8h0.000005007+0.142%$238.7Mas long as short
Nado kPEPE-PERP+0.0783%1h0.000005000+0.004%$165K$942K10xas long as short
Extended 1000PEPE-USD+0.0800%1h0.000005009+0.170%$530K$277K25xas long as short
Aevo 1000PEPE-PERP+0.0800%1h0.000005008+0.156%$142K3xas long as short
Binance 1000PEPEUSDT+0.0802%8h0.000005009+0.168%$141.2M$1.40B75xas long as short
MEXC PEPE_USDT+0.0804%8h0.000005010+0.196%$95.7M$300.2M300xas long as short
Kraken Futures PF_PEPEUSD+0.0853%1h0.000005009+0.178%$4.6M$16.7M50xas long as short
Aster 1000PEPEUSDT+0.0863%8h0.000005005+0.099%$1.8M$11.1M50xas long as short
ApeX Omni 1000PEPEUSDT+0.0985%1h0.000005018+0.356%$154K$813K25xas long as short
Hyperliquid kPEPE+0.1078%1h0.000005010+0.196%$52.7M$151.6M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1083% / S −0.2019%1h0.000005000−0.004%$63K100xas long as short
Injective PEPE/USDC PERP+0.1379%1h0.000005034+0.676%$3K$111K12xas long as short