Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1236%/8h= −135.3% APRpaid last 24h −0.122%

Price spread now: HTX against 01 Exchange−0.315%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange 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

Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and HTX is 0.315% cheaper against 01 Exchange than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange kPEPEUSD	0.000005359	0.1336	pay 0.0167% / 1h	52m 25s	$646	$3K	10x
Short	HTX PEPE-USDT	0.000005342	0.0100	get 0.0100% / 8h	3h 52m	$618K	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against 01 Exchange. 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 01 ExchangebpFee HTXbpOrdersPrice spread, now −0.315%Rate

Funding earned: −$259.56
Price spread: −0.315% → 0.000%: −$31.54
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$310.1
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; HTX: live order book, 1 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 01 Exchange no order-book sample	—	—	—	—	—
Sell HTX live order book, 1 min ago	16.03 bp	35.4 bp −$35	57.0 bp −$570	105.7 bp −$10.6K	doesn't fit

01 Exchange: 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	0.000005330	−0.550%	$20K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0007%	1h	0.000005336	−0.427%	$4K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005258	−1.885%	$3K	$110K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005331	−0.522%	$70K	$152K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005335	−0.440%	$104.0M	$368.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005328	−0.578%	$175.3M	$85.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005341	−0.338%	$26.9M	$67.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005279	−1.501%	$747K	$5.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005275	−1.571%	$38K	$491K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005338	−0.397%	$1K	$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-USDTshort	+0.0100%	8h	0.000005342	−0.315%	$618K	$3.8M	75x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005336	−0.431%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0247%	8h	0.000005339	−0.366%	$49.2M	$183.8M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0375%	8h	0.000005335	−0.450%	$36K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0409%	8h	0.000005344	−0.280%	$52.1M	$673.0M	50x	as long as short
BloFin PEPE-USDT	+0.0527%	8h	0.000005323	−0.672%	$4.6M	$27.9M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0589%	8h	0.000005329	−0.567%	$2.6M	$7.4M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005337	−0.411%	$758K	$36.1M	50x	as long as short
BingX 1000PEPE-USDC	+0.0742%	8h	0.000005345	−0.265%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0792%	1h	0.000005341	−0.333%	$566K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0792%	1h	0.000005334	−0.467%	$151K	—	3x	as long as short
MEXC PEPE_USDT	+0.0794%	8h	0.000005340	−0.347%	$103.9M	$291.7M	300x	as long as short
Binance 1000PEPEUSDT	+0.0794%	8h	0.000005346	−0.241%	$155.9M	$1.30B	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0799%	8h	0.000005331	−0.516%	$6K	—	20x	as long as short
Nado kPEPE-PERP	+0.0847%	1h	0.000005343	−0.296%	$190K	$913K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0876% / S −0.1728%	1h	0.000005000	−6.699%	$65K	—	100x	as long as short
SoDEX 1000PEPE-USD	+0.0911%	1h	0.000005332	−0.504%	$2K	$10K	10x	as long as short
Aster 1000PEPEUSDT	+0.0921%	8h	0.000005332	−0.504%	$1.9M	$9.8M	50x	as long as short
Lighter 1000PEPE	+0.0984%	1h	0.000005328	−0.578%	$614K	$8.5M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1065%	1h	0.000005332	−0.504%	$76K	$126K	25x	as long as short
01 Exchange kPEPEUSDlong	+0.1336%	1h	0.000005359	long leg	$646	$3K	10x
Backpack kPEPE_USDC_PERP	+0.1419%	1h	0.000005329	−0.565%	$74K	$720K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1530%	1h	0.000005335	−0.449%	$4.9M	$16.2M	50x	as long as short
Hyperliquid kPEPE	+0.1713%	1h	0.000005348	−0.205%	$58.3M	$143.9M	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.1840%	1h	0.000005272	−1.623%	$174K	$798K	25x	as long as short