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

PEPE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0455%/8h= −49.9% APRnext payment $0.57 per $10,000 · paid last 24h −0.030%
Price spread now: Reya against SoDEX−0.215%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Reya is 0.215% cheaper against SoDEX than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX 1000PEPE-USD0.0000053030.0644pay 0.0081% / 1h41m 44s$2K$10K10x
ShortReya kPEPERUSDPERP0.0000052920.0189get 0.0024% / 1h41m 44s$8K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against SoDEX. 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
−$95.63
Price spread: −0.215% → 0.000%
−$21.55
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Reya: 3 bp × 2 orders
−$6
Net
−$131.18
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell Reya no order-book sample
SoDEX and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000005295−0.150%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000005291−0.221%$15K150xas long as short
Injective PEPE/USDC PERP+0.0092%1h0.000005327+0.453%$3K$111K12xas long as short
Pacifica kPEPE+0.0100%1h0.000005305+0.038%$69K$153K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005316+0.247%$108.3M$375.7M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005321+0.339%$176.0M$86.7M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005329+0.490%$27.0M$67.7M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005314+0.199%$761K$5.1Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005342+0.744%$43K$498K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005296−0.140%$1K$2.5M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000005301−0.034%$607K$3.8M75xas long as short
Reya kPEPERUSDPERPshort+0.0189%1h0.000005292−0.215%$8K15x
Bitget PEPEUSDT+0.0270%8h0.000005321+0.338%$51.8M$188.9M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0382%8h0.000005302−0.015%$35K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0429%8h0.000005320+0.321%$52.5M$678.2M50xas long as short
BloFin PEPE-USDT+0.0556%8h0.000005322+0.358%$4.8M$28.2M75xas long as short
Phemex u1000PEPEUSDT+0.0642%8h0.000005307+0.081%$2.6M$7.5M50xas long as short
SoDEX 1000PEPE-USDlong+0.0644%1h0.000005303long leg$2K$10K10x
Deribit 1000PEPE_USDC-PERPETUAL+0.0694%1h0.000005300−0.057%$75K$126K25xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0712%1h0.000005301−0.038%$735K$36.3M50xas long as short
BingX 1000PEPE-USDC+0.0764%8h0.000005318+0.287%$2.3Mas long as short
Paradex kPEPE-USD-PERP+0.0786%8h0.000005299−0.067%$6K20xas long as short
Aevo 1000PEPE-PERP+0.0800%1h0.000005304+0.019%$150K3xas long as short
Binance 1000PEPEUSDT+0.0803%8h0.000005321+0.349%$155.1M$1.31B75xas long as short
MEXC PEPE_USDT+0.0807%8h0.000005330+0.505%$103.4M$293.3M300xas long as short
Extended 1000PEPE-USD+0.0808%1h0.000005322+0.367%$562K$226K25xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0904% / S −0.1776%1h0.000005000−5.714%$65K100xas long as short
Nado kPEPE-PERP+0.0906%1h0.000005287−0.306%$190K$916K10xas long as short
Aster 1000PEPEUSDT+0.0938%8h0.000005312+0.169%$1.9M$10.1M50xas long as short
ApeX Omni 1000PEPEUSDT+0.1032%1h0.000005324+0.396%$176K$800K25xas long as short
01 Exchange kPEPEUSD+0.1184%1h0.0000053030.000%$640$3K10xas long as short
Backpack kPEPE_USDC_PERP+0.1296%1h0.000005303+0.008%$71K$722K15xas long as short
Lighter 1000PEPE+0.1320%1h0.000005324+0.396%$697K$8.6M10xas long as short
Kraken Futures PF_PEPEUSD+0.1540%1h0.000005300−0.054%$4.9M$16.3M50xas long as short
Hyperliquid kPEPE+0.1769%1h0.000005325+0.415%$58.4M$144.6M10xas long as short