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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0167%/8h= +18.2% APRnext payment +$1.67 per $10,000 · paid last 24h +0.032%
Price spread now: BloFin against Orderly−0.070%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. BloFin is 0.070% cheaper against Orderly than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 33 hours of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_1000PEPE_USDC0.0000051630.0383pay 0.0383% / 8h2h 06m$34K$26K20x
ShortBloFin PEPE-USDT0.0000051590.0549get 0.0549% / 8h2h 06m$4.3M$29.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Orderly. 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
$34.98
Price spread: −0.070% → 0.000%
−$6.97
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee BloFin: 6 bp × 2 orders
−$12
Net
$10
Costs to cover
0.180%
Break-even
5.0 days
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell BloFin live order book, 2 min ago8.74 bp14.7 bp −$1518.2 bp −$18231.4 bp −$3,13676.3 bp −$38.1K
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000005138−0.467%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0007%1h0.000005154−0.172%$4K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005144−0.360%$59K$178K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005134−0.554%$100.4M$410.3M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005141−0.418%$162.8M$95.6M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005144−0.358%$26.1M$71.4M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005142−0.407%$614K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005135−0.532%$28K$538K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005165+0.050%$2K$2.6M20xas long as short
HTX PEPE-USDT+0.0100%8h0.000005160−0.050%$586K$4.2M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX 1000PEPE-USD+0.0184%1h0.000005161−0.031%$2K$11K10xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005138−0.477%$8K15xas long as short
Bitget PEPEUSDT+0.0322%8h0.000005137−0.498%$45.7M$212.7M75xas long as short
Orderly PERP_1000PEPE_USDClong+0.0383%8h0.000005163long leg$34K$26K20x
OKX PEPE-USDT-SWAP+0.0422%8h0.000005137−0.496%$47.2M$712.0M50xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0526%1h0.000005158−0.089%$74K$127K25xas long as short
Paradex kPEPE-USD-PERP+0.0547%8h0.000005139−0.452%$6K20xas long as short
BloFin PEPE-USDTshort+0.0549%8h0.000005159−0.070%$4.3M$29.3M75x
Lighter 1000PEPE+0.0592%1h0.000005147−0.302%$621K$9.1M10xas long as short
Phemex u1000PEPEUSDT+0.0611%8h0.000005163+0.004%$2.4M$7.9M50xas long as short
Nado kPEPE-PERP+0.0651%1h0.000005135−0.536%$159K$951K10xas long as short
Backpack kPEPE_USDC_PERP+0.0660%1h0.000005160−0.052%$67K$842K15xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0680%1h0.000005157−0.108%$694K$38.1M50xas long as short
01 Exchange kPEPEUSD+0.0688%1h0.000005141−0.418%$620$3K10xas long as short
BingX 1000PEPE-USDT+0.0760%8h0.000005140−0.430%$239.9Mas long as short
ApeX Omni 1000PEPEUSDT+0.0784%1h0.000005139−0.457%$156K$817K25xas long as short
MEXC PEPE_USDT+0.0797%8h0.000005142−0.391%$98.5M$304.6M300xas long as short
Binance 1000PEPEUSDT+0.0797%8h0.000005142−0.396%$143.0M$1.43B75xas long as short
Extended 1000PEPE-USD+0.0800%1h0.000005139−0.465%$544K$281K25xas long as short
Aevo 1000PEPE-PERP+0.0800%1h0.000005162−0.012%$146K3xas long as short
Kraken Futures PF_PEPEUSD+0.0828%1h0.000005158−0.085%$4.7M$16.7M50xas long as short
Aster 1000PEPEUSDT+0.0831%8h0.000005143−0.389%$1.8M$11.4M50xas long as short
Hyperliquid kPEPE+0.1025%1h0.000005152−0.205%$54.8M$153.5M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1132% / S −0.2351%1h0.000005000−3.150%$63K100xas long as short
Injective PEPE/USDC PERP+0.1379%1h0.000005158−0.089%$10K$119K12xas long as short