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

PEPE

all PEPE markets
SwapBacktest
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 +0.003%
Price spread now: HTX against Bybit+0.340%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$490.491% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.126%+$13 on $10k
Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.340%, 7d avg +0.060%
Together, before fees−0.048%−$5 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 0.280% dearer against Bybit than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of +0.060%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit 1000PEPEUSDT0.0000051480.0100pay 0.0100% / 8h4h 14m$99.5M$359.4M50x
ShortHTX PEPE-USDT0.0000051660.0100get 0.0100% / 8h4h 14m$599K$3.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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
$0
Price spread: +0.340% → +0.060%
$28.02
Slippage, 4 orders
−$26.13
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee HTX: 6 bp × 2 orders
−$12
Net
−$21.11
Costs to cover
0.491%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; HTX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago0.97 bp10.2 bp −$1016.2 bp −$16234.6 bp −$3,459doesn't fit
Sell HTX live order book, 5 min ago3.80 bp16.3 bp −$1649.8 bp −$498175.6 bp −$17.6Kdoesn't fit

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%1h0.000005155+0.124%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000005148−0.010%$15K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005166+0.346%$66K$146K10xas long as short
Bybit 1000PEPEUSDTlong+0.0100%8h0.000005148long leg$99.5M$359.4M50x
Gate PEPE_USDT+0.0100%8h0.000005148−0.004%$167.7M$82.4M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005152+0.080%$26.2M$65.5M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005163+0.280%$807K$4.8Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005166+0.348%$28K$480K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005153+0.084%$2K$2.5M20xas long as short
HTX PEPE-USDTshort+0.0100%8h0.000005166+0.340%$599K$3.7M75x
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya kPEPERUSDPERP+0.0189%1h0.000005153+0.085%$8K15xas long as short
Bitget PEPEUSDT+0.0214%8h0.000005155+0.136%$47.6M$180.3M75xas long as short
Injective PEPE/USDC PERP+0.0254%1h0.000005173+0.482%$3K$102K12xas long as short
Orderly PERP_1000PEPE_USDC+0.0358%8h0.000005154+0.109%$34K$24K20xas long as short
OKX PEPE-USDT-SWAP+0.0395%8h0.000005154+0.113%$48.2M$630.4M50xas long as short
BloFin PEPE-USDT+0.0512%8h0.000005167+0.365%$4.6M$26.7M75xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0528%1h0.000005148−0.004%$73K$125K25xas long as short
Phemex u1000PEPEUSDT+0.0592%8h0.000005155+0.136%$2.6M$7.3M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0672%1h0.000005154+0.113%$967K$34.1M50xas long as short
BingX 1000PEPE-USDT+0.0711%8h0.000005153+0.091%$263.0Mas long as short
SoDEX 1000PEPE-USD+0.0746%1h0.000005157+0.171%$2K$10K10xas long as short
MEXC PEPE_USDT+0.0750%8h0.000005158+0.190%$99.2M$292.1M300xas long as short
Extended 1000PEPE-USD+0.0752%1h0.000005153+0.096%$547K$226K25xas long as short
Aevo 1000PEPE-PERP+0.0752%1h0.000005156+0.152%$146K3xas long as short
Binance 1000PEPEUSDT+0.0754%8h0.000005156+0.148%$146.8M$1.26B75xas long as short
Paradex kPEPE-USD-PERP+0.0798%8h0.000005161+0.255%$6K20xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0803% / S −0.1617%1h0.000005000−2.879%$62K100xas long as short
Lighter 1000PEPE+0.0824%1h0.000005158+0.190%$612K$8.3M10xas long as short
ApeX Omni 1000PEPEUSDT+0.0824%1h0.000005166+0.346%$101K$744K25xas long as short
Aster 1000PEPEUSDT+0.0861%8h0.000005154+0.113%$1.8M$9.6M50xas long as short
Nado kPEPE-PERP+0.0941%1h0.000005156+0.142%$185K$903K10xas long as short
01 Exchange kPEPEUSD+0.1104%1h0.000005169+0.404%$623$3K10xas long as short
Backpack kPEPE_USDC_PERP+0.1141%1h0.000005152+0.072%$65K$686K15xas long as short
Kraken Futures PF_PEPEUSD+0.1264%1h0.000005154+0.116%$4.6M$16.0M50xas long as short
Hyperliquid kPEPE+0.1572%1h0.000005159+0.210%$55.7M$142.2M10xas long as short