Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0244%/8h= −26.8% APRpaid last 24h +0.017%

Price spread now: Reya against OKX+0.217%7-day average — · you sell dearer than you buy

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

Long on OKX 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

The price spread pays, funding is against you. Reya is 0.217% dearer against OKX than usual: you sell high and buy low (spread +0.217% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PEPE-USDT-SWAP	0.000005285	0.0433	pay 0.0433% / 8h	3h 29m	$51.7M	$679.5M	50x
Short	Reya kPEPERUSDPERP	0.000005296	0.0189	get 0.0024% / 1h	29m 55s	$8K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against OKX. 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 OKXbpFee ReyabpOrdersPrice spread, now +0.217%Rate

Funding earned: −$51.33
Price spread: +0.217% → 0.000%: $21.67
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$45.66
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	0.94 bp	10.0 bp −$10	15.6 bp −$156	55.1 bp −$5,506	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	0.000005299	+0.274%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005289	+0.076%	$15K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	+0.795%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005309	+0.454%	$70K	$155K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005280	−0.095%	$107.3M	$378.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005276	−0.170%	$175.1M	$87.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005282	−0.057%	$26.4M	$68.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005312	+0.503%	$747K	$5.1M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005295	+0.197%	$53K	$509K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005301	+0.308%	$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-USDT	+0.0100%	8h	0.000005295	+0.189%	$601K	$3.9M	75x	as long as short
Reya kPEPERUSDPERPshort	+0.0189%	1h	0.000005296	+0.217%	$8K	—	15x
Bitget PEPEUSDT	+0.0288%	8h	0.000005282	−0.062%	$51.5M	$189.9M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0317%	1h	0.000005294	+0.170%	$75K	$126K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0388%	8h	0.000005300	+0.276%	$35K	$26K	20x	as long as short
OKX PEPE-USDT-SWAPlong	+0.0433%	8h	0.000005285	long leg	$51.7M	$679.5M	50x
SoDEX 1000PEPE-USD	+0.0477%	1h	0.000005296	+0.208%	$2K	$10K	10x	as long as short
BloFin PEPE-USDT	+0.0560%	8h	0.000005312	+0.511%	$5.0M	$28.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0630%	8h	0.000005296	+0.201%	$2.6M	$7.5M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005304	+0.360%	$650K	$36.6M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0755%	8h	0.000005279	−0.114%	$6K	—	20x	as long as short
BingX 1000PEPE-USDC	+0.0763%	8h	0.000005286	+0.011%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0797%	8h	0.000005279	−0.108%	$103.4M	$295.0M	300x	as long as short
Extended 1000PEPE-USD	+0.0800%	1h	0.000005283	−0.030%	$562K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005278	−0.132%	$149K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0802%	8h	0.000005287	+0.031%	$154.2M	$1.32B	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0804%	1h	0.000005291	+0.114%	$162K	$808K	25x	as long as short
Nado kPEPE-PERP	+0.0861%	1h	0.000005300	+0.293%	$191K	$916K	10x	as long as short
Aster 1000PEPEUSDT	+0.0914%	8h	0.000005281	−0.077%	$1.9M	$10.3M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0943% / S −0.1872%	1h	0.000005000	−5.393%	$65K	—	100x	as long as short
01 Exchange kPEPEUSD	+0.1024%	1h	0.000005303	+0.341%	$640	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1217%	1h	0.000005288	+0.066%	$69K	$724K	15x	as long as short
Lighter 1000PEPE	+0.1248%	1h	0.000005298	+0.246%	$698K	$8.7M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1543%	1h	0.000005291	+0.116%	$4.9M	$16.4M	50x	as long as short
Hyperliquid kPEPE	+0.1634%	1h	0.000005298	+0.246%	$58.0M	$145.2M	10x	as long as short