Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0628%/8h= +68.7% APRpaid last 24h +0.048%

Price spread now: SoDEX against HTX−0.278%7-day average — · you buy dearer than you sell

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

Long on HTX Short on SoDEX

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—needs both histories

Funding pays, the price is against you. SoDEX is 0.278% cheaper against HTX than usual: you would sell low and buy high (spread −0.278% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 35 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PEPE-USDT	0.000005114	0.0100	pay 0.0100% / 8h	4h 38m	$585K	$3.7M	75x
Short	SoDEX 1000PEPE-USD	0.000005100	0.0728	get 0.0091% / 1h	38m 38s	$2K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.278%Rate

Funding earned: $131.83
Price spread: −0.278% → 0.000%: −$27.77
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $84.06
Costs to cover: 0.200%
Break-even: 2.5 days

Slippage unknown: HTX: live order book, 5 min ago; SoDEX: 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, 5 min ago	3.73 bp	17.6 bp −$18	46.8 bp −$468	99.3 bp −$9,927	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
dYdX PEPE-USD	0.0000%	1h	0.000005109	−0.100%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005096	−0.352%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005116	+0.035%	$65K	$141K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005111	−0.070%	$100.0M	$346.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005105	−0.180%	$169.6M	$76.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005115	+0.022%	$26.2M	$64.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005091	−0.462%	$688K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005091	−0.463%	$31K	$451K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005109	−0.102%	$2K	$2.4M	20x	as long as short
HTX PEPE-USDTlong	+0.0100%	8h	0.000005114	long leg	$585K	$3.7M	75x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0177%	8h	0.000005116	+0.027%	$46.6M	$175.3M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005099	−0.304%	$8K	—	15x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005044	−1.373%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0335%	8h	0.000005101	−0.260%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0366%	8h	0.000005117	+0.055%	$46.3M	$606.8M	50x	as long as short
BloFin PEPE-USDT	+0.0488%	8h	0.000005096	−0.356%	$4.3M	$25.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0584%	8h	0.000005103	−0.219%	$2.4M	$7.1M	50x	as long as short
BingX 1000PEPE-USDC	+0.0642%	8h	0.000005111	−0.070%	—	$2.3M	—	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005102	−0.239%	$973K	$32.2M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0675% / S −0.0930%	1h	0.000005000	−2.233%	$46K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0696%	1h	0.000005117	+0.055%	$541K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0696%	1h	0.000005091	−0.454%	$144K	—	3x	as long as short
MEXC PEPE_USDT	+0.0699%	8h	0.000005120	+0.108%	$94.2M	$287.8M	300x	as long as short
Binance 1000PEPEUSDT	+0.0702%	8h	0.000005114	+0.005%	$145.0M	$1.23B	75x	as long as short
SoDEX 1000PEPE-USDshort	+0.0728%	1h	0.000005100	−0.278%	$2K	$12K	10x
Deribit 1000PEPE_USDC-PERPETUAL	+0.0731%	1h	0.000005100	−0.278%	$72K	$124K	25x	as long as short
Nado kPEPE-PERP	+0.0788%	1h	0.000005103	−0.224%	$199K	$880K	10x	as long as short
Aster 1000PEPEUSDT	+0.0795%	8h	0.000005112	−0.051%	$1.8M	$9.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0813%	8h	0.000005113	−0.018%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0824%	1h	0.000005099	−0.297%	$101K	$743K	25x	as long as short
Lighter 1000PEPE	+0.0912%	1h	0.000005118	+0.074%	$581K	$8.2M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0955%	1h	0.000005103	−0.225%	$98K	$655K	15x	as long as short
01 Exchange kPEPEUSD	+0.1048%	1h	0.000005119	+0.094%	$617	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1278%	1h	0.000005098	−0.314%	$4.5M	$15.5M	50x	as long as short
Hyperliquid kPEPE	+0.1478%	1h	0.000005122	+0.153%	$55.0M	$140.4M	10x	as long as short