Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.026%

Price spread now: Reya against HTX−0.066%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.066% cheaper against HTX than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PEPE-USDT	0.000005317	0.0100	pay 0.0100% / 8h	3h 30m	$608K	$3.9M	75x
Short	Reya kPEPERUSDPERP	0.000005314	0.0189	get 0.0024% / 1h	30m 51s	$8K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.066%Rate

Funding earned: $18.67
Price spread: −0.066% → 0.000%: −$6.58
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$5.91
Costs to cover: 0.180%
Break-even: 9.2 days

Slippage unknown: HTX: live order book, 3 min ago; Reya: 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	4.44 bp	11.5 bp −$12	26.8 bp −$268	86.1 bp −$8,610	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	0.000005277	−0.756%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005311	−0.128%	$15K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	+0.182%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005288	−0.551%	$70K	$155K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005306	−0.213%	$107.9M	$378.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005308	−0.175%	$175.9M	$87.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005318	+0.006%	$26.6M	$68.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005312	−0.108%	$747K	$5.1M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005295	−0.412%	$53K	$509K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005321	+0.073%	$2K	$2.5M	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	0.000005317	long leg	$608K	$3.9M	75x
Reya kPEPERUSDPERPshort	+0.0189%	1h	0.000005314	−0.066%	$8K	—	15x
Bitget PEPEUSDT	+0.0287%	8h	0.000005311	−0.115%	$51.8M	$189.8M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0388%	8h	0.000005314	−0.055%	$36K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0434%	8h	0.000005309	−0.156%	$51.9M	$682.4M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0495%	1h	0.000005317	−0.006%	$2K	$10K	10x	as long as short
BloFin PEPE-USDT	+0.0560%	8h	0.000005312	−0.100%	$5.0M	$28.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0630%	8h	0.000005320	+0.043%	$2.6M	$7.5M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005320	+0.051%	$651K	$36.7M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0755%	8h	0.000005279	−0.721%	$6K	—	20x	as long as short
BingX 1000PEPE-USDT	+0.0763%	8h	0.000005315	−0.051%	—	$235.0M	—	as long as short
MEXC PEPE_USDT	+0.0796%	8h	0.000005319	+0.034%	$104.6M	$294.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0798%	8h	0.000005314	−0.055%	$155.0M	$1.32B	75x	as long as short
Extended 1000PEPE-USD	+0.0800%	1h	0.000005319	+0.031%	$562K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005306	−0.213%	$150K	—	3x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0804%	1h	0.000005291	−0.495%	$162K	$808K	25x	as long as short
Nado kPEPE-PERP	+0.0860%	1h	0.000005312	−0.094%	$191K	$916K	10x	as long as short
Aster 1000PEPEUSDT	+0.0914%	8h	0.000005306	−0.214%	$1.9M	$10.3M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0939% / S −0.1863%	1h	0.000005000	−5.967%	$65K	—	100x	as long as short
01 Exchange kPEPEUSD	+0.1032%	1h	0.000005311	−0.118%	$641	$3K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1069%	1h	0.000005315	−0.043%	$75K	$126K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.1225%	1h	0.000005323	+0.103%	$69K	$724K	15x	as long as short
Lighter 1000PEPE	+0.1248%	1h	0.000005317	−0.006%	$701K	$8.7M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1535%	1h	0.000005319	+0.036%	$4.9M	$16.4M	50x	as long as short
Hyperliquid kPEPE	+0.1645%	1h	0.000005315	−0.043%	$58.1M	$145.2M	10x	as long as short