Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.078%

Price spread now: 01 Exchange against HTX−0.056%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 01 Exchange

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. 01 Exchange is 0.056% cheaper against HTX than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 15 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PEPE-USDT	0.000004819	0.0100	pay 0.0100% / 8h	1h 21m	$544K	$3.5M	75x
Short	01 Exchange kPEPEUSD	0.000004816	0.0408	get 0.0051% / 1h	21m 16s	$552	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.056%Rate

Funding earned: $64.68
Price spread: −0.056% → 0.000%: −$5.6
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $40.08
Costs to cover: 0.190%
Break-even: 2.7 days

Slippage unknown: HTX: live order book, 3 min ago; 01 Exchange: 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	3.95 bp	13.0 bp −$13	18.8 bp −$188	139.3 bp −$13.9K	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	0.000004811	−0.153%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004811	−0.168%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004820	+0.027%	$670K	$5.8M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004809	−0.201%	$62.8M	$80.5M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004816	−0.056%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004814	−0.098%	$87.1M	$281.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004812	−0.139%	$150.4M	$63.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004816	−0.064%	$24.8M	$54.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004813	−0.120%	$537K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004812	−0.129%	$27K	$343K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004823	+0.091%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004817	−0.035%	$2K	$12K	10x	as long as short
HTX PEPE-USDTlong	+0.0100%	8h	0.000004819	long leg	$544K	$3.5M	75x
Bitget PEPEUSDT	+0.0130%	8h	0.000004813	−0.110%	$42.3M	$152.1M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004815	−0.075%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0206%	8h	0.000004818	−0.015%	$41.9M	$493.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0311%	8h	0.000004804	−0.301%	$5K	$16	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0314% / S −0.0332%	1h	0.000004000	−16.990%	$43K	—	100x	as long as short
BloFin PEPE-USDT	+0.0327%	8h	0.000004808	−0.222%	$3.9M	$22.1M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0359%	8h	0.000004813	−0.116%	$2.3M	$6.4M	50x	as long as short
01 Exchange kPEPEUSDshort	+0.0408%	1h	0.000004816	−0.056%	$552	$2K	10x
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004815	−0.077%	$594K	$25.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0449%	8h	0.000004814	−0.093%	$29K	$11K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0579%	1h	0.000004813	−0.116%	$92K	$615K	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0605%	1h	0.000004813	−0.118%	$102K	$763K	25x	as long as short
Nado kPEPE-PERP	+0.0752%	1h	0.000004815	−0.074%	$186K	$853K	10x	as long as short
BingX 1000PEPE-USDC	+0.0777%	8h	0.000004811	−0.162%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0784%	1h	0.000004816	−0.057%	$529K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0784%	1h	0.000004816	−0.056%	$136K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0785%	8h	0.000004813	−0.116%	$130.4M	$1.04B	75x	as long as short
MEXC PEPE_USDT	+0.0788%	8h	0.000004812	−0.145%	$91.5M	$284.9M	300x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0789%	1h	0.000004816	−0.056%	$81K	$94K	25x	as long as short
Aster 1000PEPEUSDT	+0.0802%	8h	0.000004817	−0.037%	$1.5M	$7.1M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004814	−0.098%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1325%	1h	0.000004815	−0.079%	$3.9M	$13.3M	50x	as long as short