Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h +0.024%

Price spread now: ApeX Omni against Orderly+0.311%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. ApeX Omni is 0.311% dearer against Orderly than usual: you sell high and buy low (spread +0.311% now, against zero (this spread has no 7-day history yet)): +$31 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_1000PEPE_USDC	0.000004954	0.0200	pay 0.0200% / 8h	4h 11m	$31K	$30K	20x
Short	ApeX Omni 1000PEPEUSDT	0.000004969	0.0100	get 0.0013% / 1h	11m 15s	$110K	$872K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now +0.311%Rate

Funding earned: −$21.08
Price spread: +0.311% → 0.000%: $31.09
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$5.99
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 31 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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 31 min ago	5.93 bp	13.8 bp −$14	90.9 bp −$909	doesn't fit	doesn't fit

Orderly: 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 exchanges

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
Kraken Futures PF_PEPEUSD	−0.0232%	1h	0.000004958	+0.090%	$4.6M	$16.1M	50x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0007%	1h	0.000004957	+0.067%	$4K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004963	+0.190%	$636K	$9.1M	10x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	0.000004958	+0.089%	$140K	—	3x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	0.000004958	+0.083%	$139K	$941K	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004958	+0.089%	$50.7M	$156.4M	10x	as long as short
Aster 1000PEPEUSDT	+0.0100%	8h	0.000004960	+0.138%	$1.7M	$12.7M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004961	+0.149%	$59K	$198K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	0.000004961	+0.154%	$128.2M	$1.54B	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004957	+0.069%	$93.0M	$446.7M	50x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004958	+0.089%	$45.0M	$724.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004957	+0.069%	$149.8M	$104.5M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	0.000004961	+0.141%	$100.8M	$293.4M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004959	+0.119%	$24.8M	$76.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004959	+0.107%	$43.6M	$235.8M	75x	as long as short
BingX 1000PEPE-USDC	+0.0100%	8h	0.000004963	+0.186%	—	$2.3M	—	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004957	+0.073%	$74K	$1.0M	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004963	+0.191%	$681K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004969	+0.317%	$26K	$575K	20x	as long as short
ApeX Omni 1000PEPEUSDTshort	+0.0100%	1h	0.000004969	+0.311%	$110K	$872K	25x
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004965	+0.238%	$1K	$2.5M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004959	+0.109%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004960	+0.137%	$581K	$4.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004959	+0.115%	$2.3M	$8.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0103%	8h	0.000004956	+0.058%	$15K	$5K	20x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	0.000004957	+0.068%	$520K	$288K	25x	as long as short
01 Exchange kPEPEUSD	+0.0128%	1h	0.000004959	+0.109%	$598	$2K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0154%	1h	0.000004958	+0.089%	$61K	$119K	25x	as long as short
Injective PEPE/USDC PERP	+0.0176%	1h	0.000004904	−1.001%	$3K	$123K	12x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004956	+0.055%	$7K	—	15x	as long as short
Orderly PERP_1000PEPE_USDClong	+0.0200%	8h	0.000004954	long leg	$31K	$30K	20x
BloFin PEPE-USDT	+0.0220%	8h	0.000004960	+0.129%	$4.3M	$28.0M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0320%	1h	0.000004966	+0.250%	$700K	$38.8M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0704% / S −0.0635%	1h	0.000004000	−19.251%	$55K	—	100x	as long as short
dYdX PEPE-USD	+0.4916%	1h	0.000004958	+0.079%	$25K	$18K	10x	as long as short