Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Pacifica+0.032%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$500.505% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.231%+$23 · spread now +0.032%, 7d avg +0.006%

Together, before fees+0.234%+ Points / potential airdropPacifica: Active · farm board+$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.026% dearer against Pacifica than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kPEPE	0.000004985	0.0100	pay 0.0013% / 1h	32m 33s	$59K	$106K	10x
Short	HTX PEPE-USDT	0.000004987	0.0100	get 0.0100% / 8h	3h 32m	$574K	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → +0.006%: $2.6
Slippage, 4 orders: −$30.45
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$47.85
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from Pacifica: live order book, 15 min ago; HTX: live order book, 2 min ago.

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 Pacifica live order book, 15 min ago	6.06 bp	12.0 bp −$12	20.6 bp −$206	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	5.31 bp	14.6 bp −$15	19.2 bp −$192	doesn't fit	doesn't fit

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	0.000004978	−0.144%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004974	−0.227%	$15K	—	150x	as long as short
Pacifica kPEPElong	+0.0100%	1h	0.000004985	long leg	$59K	$106K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004968	−0.335%	$90.2M	$261.8M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004978	−0.140%	$43.9M	$491.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004978	−0.140%	$151.9M	$59.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004984	−0.016%	$25.2M	$47.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004982	−0.069%	$725K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004988	+0.067%	$28K	$332K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004984	−0.014%	$1K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDTshort	+0.0100%	8h	0.000004987	+0.032%	$574K	$3.7M	75x
Bitget PEPEUSDT	+0.0167%	8h	0.000004980	−0.104%	$47.2M	$138.4M	75x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	0.000004979	−0.122%	$8K	—	15x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0197% / S −0.0087%	1h	0.000004000	−19.759%	$55K	—	100x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004988	+0.060%	$4.1M	$21.6M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0294%	1h	0.000004976	−0.181%	$2K	$9K	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0316%	8h	0.000004980	−0.106%	$31K	$10K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004988	+0.060%	$635K	$25.4M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0470%	1h	0.000005000	+0.301%	$103K	$756K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0473%	8h	0.000004983	−0.040%	$2.4M	$6.2M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0480%	8h	0.000004978	−0.133%	$6K	$26	20x	as long as short
Hyperliquid kPEPE	+0.0528%	1h	0.000004990	+0.100%	$57.1M	$62.9M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0568%	1h	0.000004987	+0.032%	$99K	$576K	15x	as long as short
Nado kPEPE-PERP	+0.0711%	1h	0.000004977	−0.169%	$195K	$848K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0755%	1h	0.000004979	−0.120%	$80K	$91K	25x	as long as short
01 Exchange kPEPEUSD	+0.0760%	1h	0.000004979	−0.120%	$570	$2K	10x	as long as short
BingX 1000PEPE-USDT	+0.0778%	8h	0.000004976	−0.185%	—	$252.5M	—	as long as short
Aevo 1000PEPE-PERP	+0.0816%	1h	0.000004982	−0.060%	$141K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0819%	8h	0.000004975	−0.203%	$133.8M	$969.6M	75x	as long as short
MEXC PEPE_USDT	+0.0820%	8h	0.000004983	−0.048%	$118.0M	$269.3M	300x	as long as short
Extended 1000PEPE-USD	+0.0824%	1h	0.000004976	−0.178%	$549K	$145K	25x	as long as short
Aster 1000PEPEUSDT	+0.0909%	8h	0.000004985	−0.006%	$1.5M	$6.6M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0910%	1h	0.000004977	−0.160%	$4.0M	$12.2M	50x	as long as short
Injective PEPE/USDC PERP	+0.1046%	1h	0.000004995	+0.201%	$5K	$81K	12x	as long as short
Lighter 1000PEPE	+0.1104%	1h	0.000004990	+0.100%	$604K	$4.9M	10x	as long as short