Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0386%/8h= +42.3% APRnext payment +$0.48 per $10,000 · paid last 24h +0.001%
Price spread now: 01 Exchange against Hyperliquid+0.315%49s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and 01 Exchange is 0.315% dearer against Hyperliquid than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid kPEPE0.000004761−0.0130get 0.0016% / 1h32m 44s$65.7M$92.5M10x
Short01 Exchange kPEPEUSD0.0000047760.0256get 0.0032% / 1h32m 44s$547$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Hyperliquid. 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

Funding earned
$81.12
Price spread: +0.315% → 0.000%
$31.51
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$96.62
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Hyperliquid: live order book, 11 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 11 min ago2.08 bp6.6 bp −$79.7 bp −$97doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid kPEPElong−0.0130%1h0.000004761long leg$65.7M$92.5M10x
dYdX PEPE-USD0.0000%1h0.000004764+0.072%$17K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004767+0.130%$13K150xas long as short
Kraken Futures PF_PEPEUSD+0.0067%1h0.000004768+0.140%$3.8M$13.7M50xas long as short
Pacifica kPEPE+0.0100%1h0.000004768+0.147%$59K$116K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004769+0.170%$85.8M$289.8M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004765+0.084%$149.5M$64.3M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004771+0.200%$24.3M$54.4M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000004766+0.103%$42.1M$150.1M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004776+0.314%$585K$4.1Mas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX 1000PEPEUSDC+0.0100%4h0.000004782+0.440%$26K$350K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0100%1h0.000004763+0.042%$99K$760K25xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004780+0.403%$1K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004771+0.210%$2K$12K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004770+0.187%$540K$3.5M75xas long as short
Lighter 1000PEPE+0.0128%1h0.000004771+0.210%$601K$6.4M10xas long as short
Paradex kPEPE-USD-PERP+0.0187%8h0.000004767+0.124%$5K$1620xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004770+0.187%$7K15xas long as short
Phemex u1000PEPEUSDT+0.0189%8h0.000004763+0.034%$2.3M$6.4M50xas long as short
OKX PEPE-USDT-SWAP+0.0204%8h0.000004774+0.273%$41.4M$496.1M50xas long as short
01 Exchange kPEPEUSDshort+0.0256%1h0.000004776+0.315%$547$2K10x
BloFin PEPE-USDT+0.0324%8h0.000004770+0.189%$3.9M$22.2M75xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0376% / S −0.0336%1h0.000004000−15.984%$47K100xas long as short
Orderly PERP_1000PEPE_USDC+0.0396%8h0.000004770+0.193%$30K$12K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0400%1h0.000004773+0.252%$574K$25.6M50xas long as short
Injective PEPE/USDC PERP+0.0437%1h0.000004775+0.294%$4K$102K12xas long as short
Backpack kPEPE_USDC_PERP+0.0479%1h0.000004769+0.162%$90K$601K15xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0589%1h0.000004771+0.210%$77K$98K25xas long as short
Binance 1000PEPEUSDT+0.0625%8h0.000004768+0.156%$130.8M$1.06B75xas long as short
MEXC PEPE_USDT+0.0629%8h0.000004771+0.202%$91.7M$280.9M300xas long as short
Aster 1000PEPEUSDT+0.0629%8h0.000004766+0.096%$1.5M$7.3M50xas long as short
Extended 1000PEPE-USD+0.0632%1h0.000004767+0.127%$524K$148K25xas long as short
Aevo 1000PEPE-PERP+0.0632%1h0.000004774+0.273%$135K3xas long as short
BingX 1000PEPE-USDC+0.0637%8h0.000004764+0.074%$2.3Mas long as short
Nado kPEPE-PERP+0.0717%1h0.000004776+0.315%$183K$849K10xas long as short