Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.024%

Price spread now: HTX against Variational Omni+0.160%7-day average +0.124% · you sell dearer than you buy

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

Long on Variational Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.046%+$5 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now +0.160%, 7d avg +0.124%

Together, before fees+0.030%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.036% dearer against Variational Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.124%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000PEPE	0.000004764	0.0100	pay 0.0100% / 8h	0m 45s	$552K	$4.2M	—
Short	HTX PEPE-USDT	0.000004771	0.0100	get 0.0100% / 8h	0m 45s	$539K	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Variational Omni. 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 Variational OmnibpFee HTXbpOrdersPrice spread, now +0.160%Rate

Funding earned: $0
Price spread: +0.160% → +0.124%: $3.62
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$8.38
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; HTX: live order book, 3 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 Variational Omni RFQ quote, 3 min ago	6.31 bp	doesn't fit	18.9 bp −$189	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	6.82 bp	13.4 bp −$13	24.5 bp −$245	doesn't fit	doesn't fit

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
Hyperliquid kPEPE	−0.0332%	1h	0.000004768	+0.087%	$69.4M	$100.0M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004765	+0.030%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004762	−0.035%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004766	+0.050%	$3.9M	$13.9M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004768	+0.087%	$56K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004773	+0.192%	$87.6M	$295.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004767	+0.066%	$151.1M	$65.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004771	+0.144%	$24.2M	$54.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004774	+0.217%	$42.2M	$151.1M	75x	as long as short
Variational Omni 1000PEPElong	+0.0100%	8h	0.000004764	long leg	$552K	$4.2M	—

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004764	−0.001%	$25K	$352K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004762	−0.039%	$100K	$755K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004772	+0.173%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004768	+0.087%	$2K	$12K	10x	as long as short
HTX PEPE-USDTshort	+0.0100%	8h	0.000004771	+0.160%	$539K	$3.5M	75x
Phemex u1000PEPEUSDT	+0.0156%	8h	0.000004770	+0.139%	$2.3M	$6.5M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0180%	8h	0.000004769	+0.106%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004765	+0.015%	$7K	—	15x	as long as short
Lighter 1000PEPE	+0.0192%	1h	0.000004778	+0.297%	$577K	$6.6M	10x	as long as short
OKX PEPE-USDT-SWAP	+0.0193%	8h	0.000004777	+0.276%	$42.6M	$501.9M	50x	as long as short
BloFin PEPE-USDT	+0.0314%	8h	0.000004771	+0.150%	$3.9M	$22.6M	75x	as long as short
01 Exchange kPEPEUSD	+0.0320%	1h	0.000004768	+0.087%	$546	$2K	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0342%	8h	0.000004770	+0.121%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0397% / S −0.0437%	1h	0.000004000	−16.034%	$43K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004773	+0.192%	$559K	$25.7M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004746	−0.375%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0536%	1h	0.000004769	+0.114%	$93K	$603K	15x	as long as short
BingX 1000PEPE-USDT	+0.0539%	8h	0.000004773	+0.194%	—	$257.4M	—	as long as short
Aster 1000PEPEUSDT	+0.0549%	8h	0.000004775	+0.240%	$1.5M	$7.3M	50x	as long as short
Extended 1000PEPE-USD	+0.0552%	1h	0.000004773	+0.196%	$524K	$148K	25x	as long as short
Binance 1000PEPEUSDT	+0.0555%	8h	0.000004775	+0.228%	$134.3M	$1.07B	75x	as long as short
MEXC PEPE_USDT	+0.0558%	8h	0.000004772	+0.165%	$90.6M	$283.9M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0560%	1h	0.000004769	+0.108%	$135K	—	3x	as long as short
Nado kPEPE-PERP	+0.0584%	1h	0.000004764	−0.001%	$180K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0589%	1h	0.000004769	+0.108%	$77K	$98K	25x	as long as short