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

PEPE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0096%/8h= −10.5% APRnext payment $0.12 per $10,000 · paid last 24h +0.042%
Price spread now: 01 Exchange against Extended−0.127%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and 01 Exchange is 0.127% cheaper against Extended than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended 1000PEPE-USD0.0000050930.0768pay 0.0096% / 1h21m 50s$538K$280K25x
Short01 Exchange kPEPEUSD0.0000050870.0672get 0.0084% / 1h21m 50s$614$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Extended. 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
−$20.16
Price spread: −0.127% → 0.000%
−$12.72
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$44.88
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 21 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 Extended live order book, 21 min ago2.91 bp7.3 bp −$741.0 bp −$410doesn'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
Injective PEPE/USDC PERP−0.0016%1h0.000005093−0.009%$9K$120K12xas long as short
dYdX PEPE-USD0.0000%1h0.000005092−0.026%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0008%1h0.000005079−0.276%$4K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005096+0.050%$59K$181K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005096+0.050%$99.4M$419.5M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005088−0.108%$162.0M$97.3M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005090−0.072%$25.9M$72.5M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005105+0.219%$598K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005090−0.063%$28K$541K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005091−0.045%$2K$2.7M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000005081−0.245%$589K$4.2M75xas long as short
SoDEX 1000PEPE-USD+0.0187%1h0.000005082−0.225%$2K$11K10xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005082−0.232%$8K15xas long as short
Bitget PEPEUSDT+0.0286%8h0.000005092−0.033%$45.5M$215.8M75xas long as short
ApeX Omni 1000PEPEUSDT+0.0315%1h0.000005091−0.049%$154K$822K25xas long as short
Orderly PERP_1000PEPE_USDC+0.0394%8h0.000005077−0.325%$33K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0399%8h0.000005096+0.050%$47.2M$724.1M50xas long as short
Backpack kPEPE_USDC_PERP+0.0417%1h0.000005084−0.178%$73K$860K15xas long as short
Kraken Futures PF_PEPEUSD+0.0459%1h0.000005080−0.272%$4.6M$16.5M50xas long as short
Paradex kPEPE-USD-PERP+0.0512%8h0.000005098+0.090%$6K20xas long as short
BloFin PEPE-USDT+0.0526%8h0.000005081−0.245%$4.5M$29.2M75xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0538%1h0.000005081−0.245%$72K$127K25xas long as short
Phemex u1000PEPEUSDT+0.0576%8h0.000005085−0.174%$2.4M$8.0M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0624%1h0.000005080−0.265%$678K$38.4M50xas long as short
Lighter 1000PEPE+0.0672%1h0.000005100+0.128%$607K$9.1M10xas long as short
01 Exchange kPEPEUSDshort+0.0672%1h0.000005087−0.127%$614$3K10x
BingX 1000PEPE-USDC+0.0727%8h0.000005090−0.064%$2.3Mas long as short
Aster 1000PEPEUSDT+0.0762%8h0.000005093−0.009%$1.7M$11.8M50xas long as short
Nado kPEPE-PERP+0.0763%1h0.000005083−0.196%$163K$959K10xas long as short
Binance 1000PEPEUSDT+0.0767%8h0.000005099+0.108%$140.3M$1.47B75xas long as short
MEXC PEPE_USDT+0.0767%8h0.000005097+0.063%$98.2M$305.4M300xas long as short
Extended 1000PEPE-USDlong+0.0768%1h0.000005093long leg$538K$280K25x
Aevo 1000PEPE-PERP+0.0768%1h0.000005081−0.245%$144K3xas long as short
Hyperliquid kPEPE+0.0938%1h0.000005098+0.089%$52.7M$156.4M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1130% / S −0.2257%1h0.000005000−1.835%$63K100xas long as short