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Funding arb · Price arb /

PEPE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −0.057%
Price spread now: HTX against Aevo+0.311%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,113as in the Price arb table
costs, in and out, $10k−$2,14221.420% of the position
Long on AevoShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 3 days (all we have)−0.367%−$37 · spread now +0.311%, 7d avg +0.019%
Together, before fees−0.378%−$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.292% dearer against Aevo than usual: you sell high and buy low (spread +0.311% now, against its 7-day average of +0.019%): +$29 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.011% in total) that is about 6 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo 1000PEPE-PERP0.0000049840.0488pay 0.0061% / 1h39m 43s$141K—3x
ShortHTX PEPE-USDT0.0000050000.0100get 0.0100% / 8h6h 39m$562K$3.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Aevo. 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
−$81.48
Price spread: +0.311% → +0.019%
$29.2
Slippage, 4 orders
−$2,113.98
Fee Aevo: 8 bp × 2 orders
−$16
Fee HTX: 6 bp × 2 orders
−$12
Net
−$2,194.26
Costs to cover
21.420%
Break-even
never at this rate
Slippage from Aevo: live order book, 29 min ago; HTX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 29 min ago440.51 bp1030.3 bp −$1,030doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 4 min ago8.26 bp18.9 bp −$1920.4 bp −$204160.5 bp −$16.0Kdoesn't fit

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%1h0.000005009+0.497%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004973−0.211%$3K—150xas long as short
Pacifica kPEPE+0.0100%1h0.000005012+0.562%$61K$125K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005009+0.498%$97.0M$320.8M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005000+0.321%$159.3M$70.0M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005015+0.624%$24.7M$59.4M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000005011+0.548%$44.4M$158.8M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005000+0.316%$564K$4.5M—as long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005038+1.074%$27K$405K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004981−0.052%$1K$2.5M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDTshort+0.0100%8h0.000005000+0.311%$562K$3.6M75x
Reya kPEPERUSDPERP+0.0189%1h0.000004972−0.240%$8K—15xas long as short
Phemex u1000PEPEUSDT+0.0204%8h0.000005000+0.329%$2.4M$6.8M50xas long as short
OKX PEPE-USDT-SWAP+0.0219%8h0.000005009+0.502%$44.3M$558.5M50xas long as short
Orderly PERP_1000PEPE_USDC+0.0273%8h0.000004990+0.118%$33K$23K20xas long as short
BloFin PEPE-USDT+0.0318%8h0.000005008+0.482%$4.2M$24.6M75xas long as short
ApeX Omni 1000PEPEUSDT+0.0318%1h0.000005030+0.923%$107K$751K25xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0424%1h0.000005004+0.401%$645K$28.7M50xas long as short
Paradex kPEPE-USD-PERP+0.0455%8h0.000005009+0.492%$6K$1620xas long as short
BingX 1000PEPE-USDC+0.0467%8h0.000005007+0.472%—$2.3M—as long as short
Aevo 1000PEPE-PERPlong+0.0488%1h0.000004984long leg$141K—3x
MEXC PEPE_USDT+0.0494%8h0.000005019+0.700%$94.5M$288.7M300xas long as short
Binance 1000PEPEUSDT+0.0495%8h0.000005018+0.681%$140.2M$1.16B75xas long as short
Extended 1000PEPE-USD+0.0496%1h0.000005003+0.385%$549K$199K25xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0505% / S −0.0383%1h0.000004000−19.743%$64K—100xas long as short
SoDEX 1000PEPE-USD+0.0556%1h0.000004996+0.241%$2K$12K10xas long as short
Aster 1000PEPEUSDT+0.0574%8h0.000005005+0.429%$1.7M$8.1M50xas long as short
Nado kPEPE-PERP+0.0665%1h0.000004969−0.291%$174K$880K10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0753%1h0.000004992+0.161%$61K$114K25xas long as short
Kraken Futures PF_PEPEUSD+0.0833%1h0.000005001+0.350%$3.9M$14.4M50xas long as short
Backpack kPEPE_USDC_PERP+0.0881%1h0.000005005+0.421%$102K$626K15xas long as short
Injective PEPE/USDC PERP+0.0909%1h0.000005028+0.883%$4K$102K12xas long as short
01 Exchange kPEPEUSD+0.0952%1h0.000004986+0.040%$1K$2K10xas long as short
Lighter 1000PEPE+0.1288%1h0.000005018+0.682%$652K$6.8M10xas long as short
Hyperliquid kPEPE+0.2396%1h0.000005017+0.662%$55.4M$135.2M10xas long as short