Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.026%

Price spread now: Reya against HTX+0.042%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Reya

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Reya is 0.042% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PEPE-USDT	0.000004817	0.0100	pay 0.0100% / 8h	7h 49m	$547K	$3.5M	75x
Short	Reya kPEPERUSDPERP	0.000004819	0.0189	get 0.0024% / 1h	49m 58s	$7K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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

Position, each leg$Hold fordaysFee HTXbpFee ReyabpOrdersPrice spread, now +0.042%Rate

Funding earned: $18.62
Price spread: +0.042% → 0.000%: $4.25
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $4.87
Costs to cover: 0.180%
Break-even: 5.2 days

Slippage unknown: HTX: live order book, 4 min ago; Reya: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 4 min ago	1.66 bp	10.1 bp −$10	22.8 bp −$228	170.2 bp −$17.0K	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_PEPEUSD	−0.0121%	1h	0.000004818	+0.021%	$3.9M	$14.0M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004823	+0.133%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004815	−0.046%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004820	+0.066%	$587K	$6.6M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004817	+0.004%	$65.3M	$105.5M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004827	+0.212%	$57K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004816	−0.017%	$88.6M	$298.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004815	−0.037%	$153.2M	$64.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004818	+0.029%	$24.1M	$55.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004819	+0.037%	$42.6M	$151.8M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 1000PEPE	+0.0100%	8h	0.000004819	+0.041%	$555K	$4.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004812	−0.094%	$26K	$351K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004826	+0.191%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004818	+0.025%	$2K	$12K	10x	as long as short
HTX PEPE-USDTlong	+0.0100%	8h	0.000004817	long leg	$547K	$3.5M	75x
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004820	+0.058%	$2.3M	$6.5M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0173%	8h	0.000004824	+0.159%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERPshort	+0.0189%	1h	0.000004819	+0.042%	$7K	—	15x
OKX PEPE-USDT-SWAP	+0.0189%	8h	0.000004820	+0.066%	$43.0M	$509.1M	50x	as long as short
BloFin PEPE-USDT	+0.0311%	8h	0.000004825	+0.170%	$3.9M	$22.9M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0322%	8h	0.000004818	+0.033%	$30K	$13K	20x	as long as short
01 Exchange kPEPEUSD	+0.0344%	1h	0.000004826	+0.191%	$1K	$2K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004819	+0.046%	$554K	$26.0M	50x	as long as short
Nado kPEPE-PERP	+0.0381%	1h	0.000004820	+0.063%	$181K	$848K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0431% / S −0.0631%	1h	0.000004000	−16.957%	$45K	—	100x	as long as short
BingX 1000PEPE-USDC	+0.0517%	8h	0.000004819	+0.039%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0535%	8h	0.000004823	+0.127%	$92.6M	$280.1M	300x	as long as short
Binance 1000PEPEUSDT	+0.0536%	8h	0.000004816	−0.024%	$136.7M	$1.08B	75x	as long as short
Extended 1000PEPE-USD	+0.0536%	1h	0.000004819	+0.045%	$529K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0536%	1h	0.000004816	−0.017%	$136K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0541%	8h	0.000004822	+0.107%	$1.5M	$7.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004831	+0.295%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0662%	1h	0.000004819	+0.044%	$93K	$602K	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0787%	1h	0.000004817	+0.004%	$100K	$754K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0789%	1h	0.000004817	+0.004%	$78K	$98K	25x	as long as short