Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0047%/8h= −5.1% APRpaid last 24h −0.063%

Price spread now: HTX against SoDEX+0.116%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 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. HTX is 0.116% dearer against SoDEX than usual: you sell high and buy low (spread +0.116% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX 1000PEPE-USD	0.000005076	0.0147	pay 0.0018% / 1h	21m 56s	$2K	$11K	10x
Short	HTX PEPE-USDT	0.000005082	0.0100	get 0.0100% / 8h	7h 21m	$590K	$4.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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 SoDEXbpFee HTXbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$9.8
Price spread: +0.116% → 0.000%: $11.62
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$18.18
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; HTX: live order book, 2 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 SoDEX no order-book sample	—	—	—	—	—
Sell HTX live order book, 2 min ago	7.43 bp	19.0 bp −$19	25.6 bp −$256	92.7 bp −$9,273	doesn't fit

SoDEX: 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
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005078	+0.039%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005073	−0.059%	$59K	$188K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005001	−1.478%	$96.9M	$443.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004992	−1.655%	$157.6M	$100.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004995	−1.605%	$641K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005020	−1.101%	$35K	$558K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005087	+0.213%	$2K	$2.7M	20x	as long as short
HTX PEPE-USDTshort	+0.0100%	8h	0.000005082	+0.116%	$590K	$4.3M	75x
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005073	−0.065%	$2.3M	$8.1M	50x	as long as short
SoDEX 1000PEPE-USDlong	+0.0147%	1h	0.000005076	long leg	$2K	$11K	10x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PEPE/USDC PERP	+0.0147%	1h	0.000005034	−0.827%	$7K	$121K	12x	as long as short
KuCoin PEPEUSDTM	+0.0164%	8h	0.000004989	−1.722%	$26.3M	$75.0M	75x	as long as short
Bitget PEPEUSDT	+0.0183%	8h	0.000004990	−1.688%	$45.0M	$224.7M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005084	+0.165%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0321%	8h	0.000005000	−1.497%	$46.2M	$740.1M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0363%	1h	0.000005031	−0.887%	$148K	$841K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0393%	1h	0.000005078	+0.032%	$93K	$911K	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0398%	8h	0.000005078	+0.049%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0439%	8h	0.000005060	−0.315%	$4.5M	$30.5M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0440%	8h	0.000005077	+0.016%	$33K	$30K	20x	as long as short
Hyperliquid kPEPE	+0.0449%	1h	0.000005080	+0.079%	$52.6M	$160.4M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0504%	1h	0.000005080	+0.079%	$713K	$39.7M	50x	as long as short
01 Exchange kPEPEUSD	+0.0536%	1h	0.000005079	+0.059%	$613	$2K	10x	as long as short
Lighter 1000PEPE	+0.0616%	1h	0.000005081	+0.099%	$598K	$9.1M	10x	as long as short
BingX 1000PEPE-USDT	+0.0616%	8h	0.000004998	−1.543%	—	$178.4M	—	as long as short
Nado kPEPE-PERP	+0.0617%	1h	0.000005085	+0.182%	$157K	$970K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0625%	1h	0.000005073	−0.065%	$4.8M	$16.8M	50x	as long as short
Extended 1000PEPE-USD	+0.0640%	1h	0.000004986	−1.768%	$522K	$286K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0640%	1h	0.000005076	0.000%	$144K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0643%	8h	0.000004999	−1.513%	$136.6M	$1.53B	75x	as long as short
MEXC PEPE_USDT	+0.0644%	8h	0.000004988	−1.734%	$101.3M	$310.4M	300x	as long as short
Aster 1000PEPEUSDT	+0.0667%	8h	0.000005003	−1.446%	$1.7M	$12.2M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0735%	1h	0.000005080	+0.079%	$73K	$124K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0973% / S −0.1091%	1h	0.000005000	−1.497%	$51K	—	100x	as long as short
dYdX PEPE-USD	+0.4472%	1h	0.000005067	−0.184%	$25K	$12K	10x	as long as short