Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0458%/8h= +50.1% APRpaid last 24h +0.037%

Price spread now: SoDEX against HTX−0.101%57s7-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 SoDEX

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—needs both histories

Funding pays, the price is against you. SoDEX is 0.101% cheaper against HTX than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 18 hours of funding at the current rate (+$14 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PEPE-USDT	0.000005060	0.0100	pay 0.0100% / 8h	6h 23m	$570K	$3.6M	75x
Short	SoDEX 1000PEPE-USD	0.000005055	0.0558	get 0.0070% / 1h	23m 20s	$2K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.101%Rate

Funding earned: $96.09
Price spread: −0.101% → 0.000%: −$10.08
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $66.01
Costs to cover: 0.200%
Break-even: 2.2 days

Slippage unknown: HTX: live order book, 1 min ago; SoDEX: 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, 1 min ago	8.11 bp	15.8 bp −$16	35.0 bp −$350	104.2 bp −$10.4K	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 34 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	0.000005052	−0.168%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005048	−0.245%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005059	−0.022%	$61K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005049	−0.227%	$98.0M	$323.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005050	−0.200%	$161.2M	$70.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005050	−0.200%	$25.2M	$60.7M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005051	−0.188%	$46.8M	$160.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005092	+0.624%	$624K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005086	+0.510%	$34K	$413K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005059	−0.028%	$1K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDTlong	+0.0100%	8h	0.000005060	long leg	$570K	$3.6M	75x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005051	−0.187%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0231%	8h	0.000005054	−0.121%	$45.0M	$567.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0278%	8h	0.000005047	−0.249%	$33K	$23K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0312%	1h	0.000005063	+0.057%	$106K	$747K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0319%	8h	0.000005067	+0.132%	$2.4M	$7.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005055	−0.101%	$727K	$29.7M	50x	as long as short
BingX 1000PEPE-USDC	+0.0486%	8h	0.000005053	−0.132%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0512% / S −0.0538%	1h	0.000005000	−1.188%	$56K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0520%	1h	0.000005054	−0.128%	$557K	$199K	25x	as long as short
MEXC PEPE_USDT	+0.0522%	8h	0.000005053	−0.136%	$94.7M	$290.8M	300x	as long as short
Binance 1000PEPEUSDT	+0.0523%	8h	0.000005055	−0.105%	$142.8M	$1.17B	75x	as long as short
Aevo 1000PEPE-PERP	+0.0528%	1h	0.000005054	−0.121%	$143K	—	3x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0543%	1h	0.000005050	−0.200%	$61K	$114K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0552%	8h	0.000005059	−0.021%	$6K	$16	20x	as long as short
SoDEX 1000PEPE-USDshort	+0.0558%	1h	0.000005055	−0.101%	$2K	$12K	10x
Aster 1000PEPEUSDT	+0.0618%	8h	0.000005056	−0.073%	$1.7M	$8.2M	50x	as long as short
Nado kPEPE-PERP	+0.0634%	1h	0.000005049	−0.217%	$181K	$881K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0824%	1h	0.000005053	−0.147%	$4.0M	$14.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005098	+0.749%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0927%	1h	0.000005063	+0.067%	$101K	$617K	15x	as long as short
01 Exchange kPEPEUSD	+0.0968%	1h	0.000005056	−0.081%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1560%	1h	0.000005068	+0.156%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2201%	1h	0.000005059	−0.022%	$55.7M	$135.8M	10x	as long as short