Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0444%/8h= +48.6% APRpaid last 24h +0.155%

Price spread now: 01 Exchange against HTX−0.014%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 01 Exchange

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PEPE-USDT	0.000005107	0.0100	pay 0.0100% / 8h	7h 41m	$598K	$4.2M	75x
Short	01 Exchange kPEPEUSD	0.000005106	0.0544	get 0.0068% / 1h	41m 14s	$616	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.014%Rate

Funding earned: $93.24
Price spread: −0.014% → 0.000%: −$1.37
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $72.87
Costs to cover: 0.190%
Break-even: 1.5 days

Slippage unknown: HTX: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 3 min ago	3.41 bp	9.8 bp −$10	28.6 bp −$286	100.8 bp −$10.1K	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PEPE-USD	0.0000%	1h	0.000005118	+0.213%	$19K	$649	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005094	−0.243%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005119	+0.241%	$60K	$186K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005099	−0.151%	$98.2M	$435.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005100	−0.131%	$162.0M	$99.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005122	+0.293%	$642K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005134	+0.540%	$28K	$551K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005129	+0.433%	$2K	$2.7M	20x	as long as short
HTX PEPE-USDTlong	+0.0100%	8h	0.000005107	long leg	$598K	$4.2M	75x
SoDEX 1000PEPE-USD	+0.0126%	1h	0.000005102	−0.092%	$2K	$11K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PEPE/USDC PERP	+0.0147%	1h	0.000005119	+0.241%	$7K	$121K	12x	as long as short
KuCoin PEPEUSDTM	+0.0164%	8h	0.000005106	−0.010%	$26.7M	$74.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005102	−0.094%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0213%	8h	0.000005098	−0.168%	$45.9M	$222.3M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0336%	8h	0.000005096	−0.210%	$46.8M	$745.4M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0339%	1h	0.000005098	−0.170%	$73K	$128K	25x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0374%	1h	0.000005128	+0.417%	$149K	$837K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0394%	8h	0.000005105	−0.041%	$2.4M	$8.1M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0424%	8h	0.000005117	+0.198%	$6K	—	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0435%	8h	0.000005100	−0.127%	$34K	$26K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0439%	1h	0.000005115	+0.166%	$76K	$895K	15x	as long as short
BloFin PEPE-USDT	+0.0456%	8h	0.000005101	−0.112%	$4.4M	$30.3M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0504%	1h	0.000005121	+0.280%	$673K	$39.8M	50x	as long as short
Hyperliquid kPEPE	+0.0510%	1h	0.000005107	+0.006%	$52.9M	$160.4M	10x	as long as short
01 Exchange kPEPEUSDshort	+0.0544%	1h	0.000005106	−0.014%	$616	$2K	10x
Kraken Futures PF_PEPEUSD	+0.0622%	1h	0.000005097	−0.198%	$4.7M	$16.5M	50x	as long as short
Lighter 1000PEPE	+0.0624%	1h	0.000005103	−0.072%	$610K	$9.0M	10x	as long as short
BingX 1000PEPE-USDT	+0.0642%	8h	0.000005103	−0.070%	—	$176.0M	—	as long as short
Extended 1000PEPE-USD	+0.0664%	1h	0.000005100	−0.127%	$537K	$280K	25x	as long as short
Binance 1000PEPEUSDT	+0.0665%	8h	0.000005099	−0.154%	$140.8M	$1.51B	75x	as long as short
MEXC PEPE_USDT	+0.0668%	8h	0.000005105	−0.023%	$100.7M	$306.7M	300x	as long as short
Nado kPEPE-PERP	+0.0670%	1h	0.000005104	−0.049%	$164K	$965K	10x	as long as short
Aevo 1000PEPE-PERP	+0.0672%	1h	0.000005100	−0.131%	$144K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0682%	8h	0.000005104	−0.059%	$1.7M	$12.0M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1019% / S −0.1149%	1h	0.000005000	−2.089%	$51K	—	100x	as long as short