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

PEPE

all PEPE markets
SwapBacktest
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 +0.018%
Price spread now: HTX against Gate+0.153%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$510.508% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.083%+$8 on $10k
Price spread, last 3 days (all we have)+0.188%+$19 · spread now +0.153%, 7d avg +0.041%
Together, before fees+0.271%+$27 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 0.112% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PEPE_USDT0.0000049550.0100pay 0.0100% / 8h3h 31m$151.3M$59.4M75x
ShortHTX PEPE-USDT0.0000049630.0100get 0.0100% / 8h3h 31m$571K$3.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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
$0
Price spread: +0.153% → +0.041%
$11.22
Slippage, 4 orders
−$23.83
Fee Gate: 7.5 bp × 2 orders
−$15
Fee HTX: 6 bp × 2 orders
−$12
Net
−$39.61
Costs to cover
0.508%
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; HTX: live order book, 3 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 Gate live order book, 4 min ago2.00 bp12.6 bp −$1319.4 bp −$19463.9 bp −$6,393doesn't fit
Sell HTX live order book, 3 min ago5.31 bp14.6 bp −$1519.2 bp −$192doesn't fitdoesn'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%1h0.000004954−0.024%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004954−0.012%$15K150xas long as short
Pacifica kPEPE+0.0100%1h0.000004959+0.081%$59K$106K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004953−0.038%$90.0M$261.9M50xas long as short
OKX PEPE-USDT-SWAP+0.0100%8h0.000004957+0.040%$43.6M$489.1M50xas long as short
Gate PEPE_USDTlong+0.0100%8h0.000004955long leg$151.3M$59.4M75x
KuCoin PEPEUSDTM+0.0100%8h0.000004957+0.046%$25.1M$47.7M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004982+0.536%$725K$3.7Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004984+0.590%$28K$333K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004964+0.182%$1K$2.4M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDTshort+0.0100%8h0.000004963+0.153%$571K$3.7M75x
Bitget PEPEUSDT+0.0168%8h0.000004955−0.002%$46.9M$138.4M75xas long as short
Reya kPEPERUSDPERP+0.0188%1h0.000004958+0.053%$7K15xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0197% / S −0.0087%1h0.000004000−19.273%$55K100xas long as short
BloFin PEPE-USDT+0.0220%8h0.0000049550.000%$4.1M$21.5M75xas long as short
SoDEX 1000PEPE-USD+0.0257%1h0.000004959+0.081%$2K$9K10xas long as short
Orderly PERP_1000PEPE_USDC+0.0319%8h0.000004955+0.006%$31K$10K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0445%1h0.000004982+0.545%$103K$757K25xas long as short
Phemex u1000PEPEUSDT+0.0460%8h0.000004963+0.163%$2.4M$6.2M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0464%1h0.000004962+0.141%$640K$25.2M50xas long as short
Paradex kPEPE-USD-PERP+0.0475%8h0.000004958+0.063%$6K$2620xas long as short
Hyperliquid kPEPE+0.0502%1h0.000004957+0.040%$56.8M$63.1M10xas long as short
Backpack kPEPE_USDC_PERP+0.0549%1h0.000004957+0.048%$99K$576K15xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0557%1h0.000004959+0.081%$80K$91K25xas long as short
Nado kPEPE-PERP+0.0710%1h0.000004958+0.055%$195K$848K10xas long as short
01 Exchange kPEPEUSD+0.0752%1h0.000004959+0.081%$568$2K10xas long as short
BingX 1000PEPE-USDT+0.0779%8h0.000004956+0.026%$252.5Mas long as short
Extended 1000PEPE-USD+0.0816%1h0.000004958+0.062%$546K$145K25xas long as short
Aevo 1000PEPE-PERP+0.0816%1h0.000004962+0.141%$140K3xas long as short
MEXC PEPE_USDT+0.0819%8h0.000004953−0.034%$117.7M$269.5M300xas long as short
Binance 1000PEPEUSDT+0.0819%8h0.000004958+0.064%$133.8M$970.3M75xas long as short
Aster 1000PEPEUSDT+0.0906%8h0.000004958+0.050%$1.5M$6.6M50xas long as short
Kraken Futures PF_PEPEUSD+0.0913%1h0.000004957+0.049%$4.0M$12.2M50xas long as short
Injective PEPE/USDC PERP+0.1046%1h0.000004970+0.303%$5K$81K12xas long as short
Lighter 1000PEPE+0.1080%1h0.000004965+0.202%$601K$4.9M10xas long as short