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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0690%/8h= +75.5% APRnext payment +$0.86 per $10,000 · paid last 24h +0.088%
Price spread now: Hyperliquid against SoDEX+0.613%7-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 +$21 a day on $10k at the current rate, and Hyperliquid is 0.613% dearer against SoDEX than usual: you sell high and buy low: +$61 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX 1000PEPE-USD0.0000052210.0910pay 0.0114% / 1h28m 19s$2K$11K10x
ShortHyperliquid kPEPE0.0000052530.1600get 0.0200% / 1h28m 19s$56.6M$141.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$144.84
Price spread: +0.613% → 0.000%
$61.29
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$189.13
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: SoDEX: no order-book sample; Hyperliquid: live order book, 6 min ago. 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 SoDEX no order-book sample
Sell Hyperliquid live order book, 6 min ago0.97 bp8.9 bp −$914.8 bp −$148doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000005239+0.335%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000005230+0.167%$15K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005239+0.345%$67K$144K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005227+0.107%$102.1M$354.1M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005240+0.364%$175.9M$78.3M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005247+0.490%$26.5M$64.7M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005188−0.640%$760K$4.8Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005196−0.476%$37K$459K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005227+0.115%$2K$2.5M20xas long as short
HTX PEPE-USDT+0.0100%8h0.000005219−0.034%$593K$3.7M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya kPEPERUSDPERP+0.0189%1h0.000005250+0.546%$8K15xas long as short
Bitget PEPEUSDT+0.0196%8h0.000005222+0.021%$48.3M$178.0M75xas long as short
Injective PEPE/USDC PERP+0.0254%1h0.000005173−0.919%$3K$102K12xas long as short
Orderly PERP_1000PEPE_USDC+0.0345%8h0.000005225+0.077%$34K$24K20xas long as short
OKX PEPE-USDT-SWAP+0.0377%8h0.000005226+0.096%$48.9M$629.9M50xas long as short
BloFin PEPE-USDT+0.0499%8h0.000005230+0.172%$4.3M$26.6M75xas long as short
Phemex u1000PEPEUSDT+0.0545%8h0.000005223+0.036%$2.6M$7.3M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0672%1h0.000005241+0.383%$1.0M$33.5M50xas long as short
BingX 1000PEPE-USDT+0.0684%8h0.000005236+0.293%$262.6Mas long as short
Aevo 1000PEPE-PERP+0.0728%1h0.000005224+0.057%$148K3xas long as short
MEXC PEPE_USDT+0.0733%8h0.000005245+0.458%$100.0M$290.1M300xas long as short
Extended 1000PEPE-USD+0.0736%1h0.000005235+0.270%$555K$226K25xas long as short
Binance 1000PEPEUSDT+0.0738%8h0.000005235+0.266%$150.6M$1.25B75xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0769% / S −0.1545%1h0.000005000−4.233%$64K100xas long as short
Nado kPEPE-PERP+0.0794%1h0.000005246+0.472%$195K$896K10xas long as short
Paradex kPEPE-USD-PERP+0.0819%8h0.000005239+0.354%$6K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0844%1h0.000005137−1.609%$102K$743K25xas long as short
Aster 1000PEPEUSDT+0.0849%8h0.000005246+0.471%$1.9M$9.5M50xas long as short
Lighter 1000PEPE+0.0872%1h0.000005230+0.172%$602K$8.3M10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0900%1h0.000005225+0.077%$74K$125K25xas long as short
SoDEX 1000PEPE-USDlong+0.0910%1h0.000005221long leg$2K$11K10x
Backpack kPEPE_USDC_PERP+0.1154%1h0.000005228+0.130%$99K$666K15xas long as short
01 Exchange kPEPEUSD+0.1176%1h0.000005244+0.441%$633$3K10xas long as short
Kraken Futures PF_PEPEUSD+0.1244%1h0.000005238+0.320%$4.7M$15.9M50xas long as short
Hyperliquid kPEPEshort+0.1600%1h0.000005253+0.613%$56.6M$141.6M10x