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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.127%
Price spread now: Aevo against HTX−0.002%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,151as in the Price arb table
costs, in and out, $10k−$1,15311.529% 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 4 days (all we have)+0.161%+$16 · spread now −0.002%, 7d avg −0.017%
Together, before fees+0.243%+$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.083% in total (about 4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PEPE-USDT0.0000049390.0100pay 0.0100% / 8h5h 52m$580K$4.2M75x
ShortAevo 1000PEPE-PERP0.0000049390.0288get 0.0036% / 1h52m 19s$140K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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
$39.48
Price spread: −0.002% → −0.017%
$1.45
Slippage, 4 orders
−$1,124.92
Fee HTX: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$1,111.99
Costs to cover
11.529%
Break-even
204.2 days
Slippage from HTX: live order book, 5 min ago; Aevo: live order book, 59 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 HTX live order book, 5 min ago6.16 bp12.2 bp −$1219.6 bp −$19661.4 bp −$6,135doesn't fit
Sell Aevo live order book, 59 min ago265.35 bp576.0 bp −$576doesn't fitdoesn't fitdoesn't fit

PEPE on 35 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_PEPEUSD−0.0371%1h0.000004939−0.006%$4.6M$15.8M50xas long as short
dYdX PEPE-USD0.0000%1h0.000004940+0.026%$25K$18K10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL0.0000%1h0.000004938−0.022%$57K$115K25xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004943+0.085%$3K150xas long as short
01 Exchange kPEPEUSD+0.0064%1h0.000004941+0.038%$596$2K10xas long as short
Lighter 1000PEPE+0.0096%1h0.000004941+0.038%$595K$9.0M10xas long as short
Nado kPEPE-PERP+0.0100%1h0.000004941+0.038%$146K$943K10xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004940+0.018%$49.9M$154.9M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004944+0.099%$57K$195K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004940+0.020%$94.1M$441.9M50xas long as short
Show all 35 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate PEPE_USDT+0.0100%8h0.000004937−0.043%$151.8M$102.0M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004940+0.024%$24.9M$75.8M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000004939−0.012%$43.5M$230.9M75xas long as short
Backpack kPEPE_USDC_PERP+0.0100%1h0.000004945+0.117%$75K$990K15xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004937−0.038%$643K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004955+0.330%$27K$569K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0100%1h0.000004937−0.043%$143K$850K25xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004948+0.176%$2K$2.5M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004946+0.140%$2K$11K10xas long as short
HTX PEPE-USDTlong+0.0100%8h0.000004939long leg$580K$4.2M75x
Phemex u1000PEPEUSDT+0.0100%8h0.000004933−0.115%$2.3M$8.0M50xas long as short
Paradex kPEPE-USD-PERP+0.0110%8h0.000004944+0.096%$6K20xas long as short
OKX PEPE-USDT-SWAP+0.0135%8h0.000004941+0.038%$44.3M$720.1M50xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004937−0.044%$7K15xas long as short
BloFin PEPE-USDT+0.0259%8h0.000004948+0.180%$4.3M$28.7M75xas long as short
Binance 1000PEPEUSDT+0.0276%8h0.000004942+0.059%$128.2M$1.53B75xas long as short
Extended 1000PEPE-USD+0.0280%1h0.000004937−0.045%$518K$285K25xas long as short
MEXC PEPE_USDT+0.0282%8h0.000004941+0.036%$101.6M$295.0M300xas long as short
Injective PEPE/USDC PERP+0.0284%1h0.000004940+0.018%$4K$122K12xas long as short
Aster 1000PEPEUSDT+0.0286%8h0.000004942+0.059%$1.7M$12.5M50xas long as short
Aevo 1000PEPE-PERPshort+0.0288%1h0.000004939−0.002%$140K3x
BingX 1000PEPE-USDC+0.0310%8h0.000004937−0.043%$2.3Mas long as short
Orderly PERP_1000PEPE_USDC+0.0345%8h0.000004938−0.014%$32K$30K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0400%1h0.000004942+0.059%$739K$38.8M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0839% / S −0.0953%1h0.000004000−19.014%$50K100xas long as short