Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Variational Omni against HTX+0.742%7-day average −0.103% · you sell dearer than you buy

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−0.887%−$89 · spread now +0.742%, 7d avg −0.103%

Together, before fees−0.933%+ Points / potential airdropVariational Omni: Active · farm board−$93 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: Variational Omni is 0.845% dearer against HTX than usual: you sell high and buy low, +$84 on $10k if it goes back to its 7-day average of −0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PEPE-USDT	0.000005013	0.0100	pay 0.0100% / 8h	2h 41m	$565K	$4.1M	75x
Short	Variational Omni 1000PEPE	0.000005051	0.0100	get 0.0100% / 8h	2h 41m	$595K	$5.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.742%Rate

Funding earned: $0
Price spread: +0.742% → −0.103%: $84.49
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $72.49
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. 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	5.57 bp	13.0 bp −$13	49.5 bp −$495	174.4 bp −$17.4K	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	4.95 bp	doesn't fit	18.8 bp −$188	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	0.000005022	+0.168%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0001%	1h	0.000005008	−0.114%	$6K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005027	+0.271%	$58K	$176K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005011	−0.048%	$98.8M	$401.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005010	−0.068%	$162.1M	$93.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005013	−0.010%	$25.2M	$70.4M	75x	as long as short
Variational Omni 1000PEPEshort	+0.0100%	8h	0.000005051	+0.742%	$595K	$5.3M	—
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005029	+0.310%	$28K	$536K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005018	+0.084%	$2K	$2.6M	20x	as long as short
HTX PEPE-USDTlong	+0.0100%	8h	0.000005013	long leg	$565K	$4.1M	75x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX 1000PEPE-USD	+0.0181%	1h	0.000005013	−0.008%	$2K	$10K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005015	+0.040%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0342%	8h	0.000005012	−0.024%	$45.3M	$209.2M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0410%	8h	0.000005013	−0.004%	$33K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0421%	8h	0.000005013	−0.008%	$46.3M	$680.9M	50x	as long as short
BloFin PEPE-USDT	+0.0546%	8h	0.000005011	−0.048%	$4.4M	$27.8M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0548%	8h	0.000005020	+0.129%	$6K	—	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0549%	1h	0.000005012	−0.028%	$71K	$127K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0637%	8h	0.000005006	−0.158%	$2.4M	$7.9M	50x	as long as short
01 Exchange kPEPEUSD	+0.0664%	1h	0.000005026	+0.251%	$606	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0675%	1h	0.000005027	+0.267%	$73K	$828K	15x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0680%	1h	0.000005018	+0.092%	$621K	$36.7M	50x	as long as short
Lighter 1000PEPE	+0.0752%	1h	0.000005016	+0.052%	$597K	$9.0M	10x	as long as short
Nado kPEPE-PERP	+0.0769%	1h	0.000005018	+0.097%	$166K	$942K	10x	as long as short
BingX 1000PEPE-USDC	+0.0769%	8h	0.000005010	−0.066%	—	$2.3M	—	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005014	+0.012%	$142K	—	3x	as long as short
MEXC PEPE_USDT	+0.0805%	8h	0.000005006	−0.152%	$96.9M	$299.8M	300x	as long as short
Binance 1000PEPEUSDT	+0.0805%	8h	0.000005009	−0.098%	$141.2M	$1.40B	75x	as long as short
Extended 1000PEPE-USD	+0.0808%	1h	0.000005012	−0.027%	$533K	$277K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0853%	1h	0.000005009	−0.092%	$4.6M	$16.7M	50x	as long as short
Aster 1000PEPEUSDT	+0.0870%	8h	0.000005010	−0.072%	$1.8M	$11.1M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0970%	1h	0.000005028	+0.291%	$154K	$814K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1078% / S −0.2007%	1h	0.000005000	−0.267%	$64K	—	100x	as long as short
Hyperliquid kPEPE	+0.1106%	1h	0.000005019	+0.112%	$53.2M	$151.1M	10x	as long as short
Injective PEPE/USDC PERP	+0.1379%	1h	0.000005034	+0.411%	$3K	$111K	12x	as long as short