Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: HTX against Variational Omni+0.488%7-day average +0.124% · you sell dearer than you buy

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

Long on Variational Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.046%+$5 on $10k

Price spread, last 3 days (all we have)−0.344%−$34 · spread now +0.488%, 7d avg +0.124%

Together, before fees−0.298%+ Points / potential airdropVariational Omni: Active · farm board−$30 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 0.364% dearer against Variational Omni than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of +0.124%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000PEPE	0.000004801	0.0100	pay 0.0100% / 8h	7h 52m	$554K	$4.2M	—
Short	HTX PEPE-USDT	0.000004824	0.0100	get 0.0100% / 8h	7h 52m	$547K	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Variational Omni. 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 Variational OmnibpFee HTXbpOrdersPrice spread, now +0.488%Rate

Funding earned: $0
Price spread: +0.488% → +0.124%: $36.42
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: $24.42
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; HTX: live order book, 1 min ago. 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 Variational Omni RFQ quote, 1 min ago	5.21 bp	doesn't fit	19.8 bp −$198	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	1.66 bp	14.9 bp −$15	27.9 bp −$279	208.0 bp −$20.8K	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
Kraken Futures PF_PEPEUSD	−0.0121%	1h	0.000004826	+0.525%	$3.9M	$13.9M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004803	+0.051%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004815	+0.295%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004818	+0.357%	$68.7M	$102.6M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004807	+0.128%	$56K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004818	+0.357%	$88.6M	$297.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004821	+0.420%	$153.2M	$64.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004823	+0.466%	$24.1M	$55.1M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004819	+0.386%	$42.7M	$151.7M	75x	as long as short
Variational Omni 1000PEPElong	+0.0100%	8h	0.000004801	long leg	$554K	$4.2M	—

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004798	−0.065%	$26K	$350K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004822	+0.445%	$1K	$2.4M	20x	as long as short
HTX PEPE-USDTshort	+0.0100%	8h	0.000004824	+0.488%	$547K	$3.5M	75x
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004821	+0.416%	$2.3M	$6.5M	50x	as long as short
Lighter 1000PEPE	+0.0104%	1h	0.000004824	+0.482%	$578K	$6.6M	10x	as long as short
SoDEX 1000PEPE-USD	+0.0149%	1h	0.000004823	+0.461%	$2K	$12K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0174%	8h	0.000004810	+0.199%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004816	+0.317%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0191%	8h	0.000004822	+0.441%	$43.2M	$508.7M	50x	as long as short
BloFin PEPE-USDT	+0.0313%	8h	0.000004821	+0.420%	$4.0M	$22.9M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0328%	8h	0.000004827	+0.551%	$30K	$13K	20x	as long as short
01 Exchange kPEPEUSD	+0.0344%	1h	0.000004815	+0.295%	$552	$2K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004823	+0.461%	$552K	$26.0M	50x	as long as short
Nado kPEPE-PERP	+0.0407%	1h	0.000004812	+0.243%	$181K	$848K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0408% / S −0.0529%	1h	0.000004000	−16.681%	$41K	—	100x	as long as short
BingX 1000PEPE-USDC	+0.0532%	8h	0.000004818	+0.368%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0536%	1h	0.000004822	+0.440%	$529K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0536%	1h	0.000004791	−0.205%	$135K	—	3x	as long as short
MEXC PEPE_USDT	+0.0539%	8h	0.000004829	+0.584%	$92.1M	$279.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0539%	8h	0.000004822	+0.441%	$136.9M	$1.08B	75x	as long as short
Aster 1000PEPEUSDT	+0.0543%	8h	0.000004827	+0.555%	$1.5M	$7.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004812	+0.232%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0716%	1h	0.000004828	+0.572%	$93K	$602K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0787%	1h	0.000004825	+0.503%	$78K	$98K	25x	as long as short
ApeX Omni 1000PEPEUSDT	+0.1932%	1h	0.000004800	−0.018%	$100K	$753K	25x	as long as short