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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0472%/8h= −51.7% APRnext payment $0.59 per $10,000 · paid last 24h +0.034%
Price spread now: 01 Exchange against Aevo−0.083%7-day average · you buy dearer than you sell
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 feesneeds both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and 01 Exchange is 0.083% cheaper against Aevo than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo 1000PEPE-PERP0.0000048220.0688pay 0.0086% / 1h44m 48s$136K3x
Short01 Exchange kPEPEUSD0.0000048180.0216get 0.0027% / 1h44m 48s$552$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$99.12
Price spread: −0.083% → 0.000%
−$8.3
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$130.42
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Aevo: live order book, 34 min ago; 01 Exchange: no order-book sample. 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 Aevo live order book, 34 min ago275.11 bp560.4 bp −$560doesn't fitdoesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid kPEPE−0.0252%1h0.000004805−0.353%$67.4M$88.8M10xas long as short
dYdX PEPE-USD0.0000%1h0.000004810−0.254%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004815−0.153%$14K150xas long as short
Kraken Futures PF_PEPEUSD+0.0066%1h0.000004819−0.058%$3.9M$13.5M50xas long as short
Pacifica kPEPE+0.0100%1h0.000004823+0.021%$59K$115K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004814−0.158%$86.6M$288.6M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004815−0.145%$150.7M$64.0M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004817−0.104%$24.6M$54.3M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000004811−0.224%$42.5M$149.6M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004829+0.143%$591K$4.1Mas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX 1000PEPEUSDC+0.0100%4h0.000004811−0.219%$26K$348K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0100%1h0.000004803−0.394%$101K$762K25xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004826+0.083%$1K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004820−0.041%$2K$12K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004820−0.035%$545K$3.5M75xas long as short
Lighter 1000PEPE+0.0176%1h0.000004813−0.187%$627K$6.3M10xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004818−0.085%$7K15xas long as short
Paradex kPEPE-USD-PERP+0.0207%8h0.000004817−0.097%$5K$1620xas long as short
OKX PEPE-USDT-SWAP+0.0212%8h0.000004814−0.166%$41.7M$498.6M50xas long as short
Phemex u1000PEPEUSDT+0.0213%8h0.000004811−0.226%$2.3M$6.4M50xas long as short
01 Exchange kPEPEUSDshort+0.0216%1h0.000004818−0.083%$552$2K10x
BloFin PEPE-USDT+0.0336%8h0.0000048220.000%$3.9M$22.4M75xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0362% / S −0.0404%1h0.000004000−17.047%$43K100xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0400%1h0.000004824+0.041%$567K$25.8M50xas long as short
Orderly PERP_1000PEPE_USDC+0.0420%8h0.000004820−0.050%$30K$12K20xas long as short
Injective PEPE/USDC PERP+0.0437%1h0.000004831+0.187%$4K$102K12xas long as short
Backpack kPEPE_USDC_PERP+0.0532%1h0.000004818−0.089%$91K$601K15xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0581%1h0.000004820−0.041%$81K$94K25xas long as short
BingX 1000PEPE-USDC+0.0668%8h0.000004814−0.160%$2.3Mas long as short
Binance 1000PEPEUSDT+0.0677%8h0.000004810−0.242%$132.0M$1.05B75xas long as short
Extended 1000PEPE-USD+0.0680%1h0.000004813−0.186%$529K$148K25xas long as short
MEXC PEPE_USDT+0.0680%8h0.000004818−0.075%$93.6M$279.9M300xas long as short
Aster 1000PEPEUSDT+0.0683%8h0.000004820−0.035%$1.5M$7.2M50xas long as short
Aevo 1000PEPE-PERPlong+0.0688%1h0.000004822long leg$136K3x
Nado kPEPE-PERP+0.0811%1h0.000004819−0.058%$184K$847K10xas long as short