Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against HTX−0.350%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$630.629% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.087%+$9 · spread now −0.350%, 7d avg −0.006%

Together, before fees+0.084%+ Points / potential airdropPacifica: Active · farm board+$8 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: Pacifica is 0.344% cheaper against HTX than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PEPE-USDT	0.000004911	0.0100	pay 0.0100% / 8h	2h 58m	$565K	$3.8M	75x
Short	Pacifica kPEPE	0.000004894	0.0100	get 0.0013% / 1h	58m 29s	$58K	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.350%Rate

Funding earned: $0
Price spread: −0.350% → −0.006%: −$34.42
Slippage, 4 orders: −$42.92
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$97.34
Costs to cover: 0.629%
Break-even: never at this rate

Slippage from HTX: live order book, just now; Pacifica: live order book, 29 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, just now	7.56 bp	18.2 bp −$18	34.0 bp −$340	160.7 bp −$16.1K	doesn't fit
Sell Pacifica live order book, 29 min ago	6.08 bp	15.9 bp −$16	doesn't fit	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	0.000004891	−0.421%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004895	−0.324%	$15K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004902	−0.187%	$56.8M	$66.9M	10x	as long as short
Pacifica kPEPEshort	+0.0100%	1h	0.000004894	−0.350%	$58K	$108K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004898	−0.261%	$88.6M	$268.8M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004902	−0.187%	$42.9M	$490.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004890	−0.432%	$149.2M	$59.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004898	−0.275%	$25.0M	$49.6M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004903	−0.165%	$98K	$588K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004925	+0.272%	$724K	$3.8M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004930	+0.380%	$28K	$336K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004915	+0.069%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004912	+0.016%	$2K	$9K	10x	as long as short
HTX PEPE-USDTlong	+0.0100%	8h	0.000004911	long leg	$565K	$3.8M	75x
Bitget PEPEUSDT	+0.0183%	8h	0.000004903	−0.157%	$46.0M	$141.5M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004902	−0.184%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004909	−0.045%	$4.0M	$21.8M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0310% / S −0.0260%	1h	0.000004000	−18.554%	$48K	—	100x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0342%	8h	0.000004909	−0.045%	$31K	$10K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0360%	8h	0.000004898	−0.277%	$5K	$26	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0374%	1h	0.000004926	+0.301%	$102K	$755K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0420%	8h	0.000004905	−0.126%	$2.4M	$6.2M	50x	as long as short
Lighter 1000PEPE	+0.0424%	1h	0.000004897	−0.289%	$594K	$4.9M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004915	+0.077%	$631K	$25.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0544%	1h	0.000004906	−0.106%	$562	$2K	10x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004922	+0.220%	$4K	$92K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.0745%	1h	0.000004912	+0.022%	$3.9M	$12.5M	50x	as long as short
BingX 1000PEPE-USDT	+0.0764%	8h	0.000004907	−0.083%	—	$253.6M	—	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0769%	1h	0.000004913	+0.037%	$79K	$91K	25x	as long as short
Binance 1000PEPEUSDT	+0.0796%	8h	0.000004904	−0.155%	$131.7M	$993.4M	75x	as long as short
MEXC PEPE_USDT	+0.0799%	8h	0.000004896	−0.312%	$125.3M	$278.9M	300x	as long as short
Extended 1000PEPE-USD	+0.0800%	1h	0.000004904	−0.155%	$537K	$146K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000004900	−0.228%	$139K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0868%	8h	0.000004896	−0.302%	$1.5M	$6.9M	50x	as long as short
Nado kPEPE-PERP	+0.0982%	1h	0.000004904	−0.144%	$193K	$857K	10x	as long as short