After costs, if the gap returns to its 7d average, $10k−$35
spread now+0.139%7d average+0.145%fees + slippage, in and out−$34spread needed0.341%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit 1000PEPEUSDT | 0.000004308 | 0.0100 | pay 0.0100% / 8h | 1h 51m | $72.2M | $111.0M | 50x |
| Short | Hyperliquid kPEPE | 0.000004314 | 0.0210 | get 0.0026% / 1h | 51m 49s | $48.5M | $35.7M | 10x |
Bybit 1000PEPEUSDT
Hyperliquid kPEPEPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $13.93
- Funding while held
- $3.29
- Slippage, 4 orders
- −$14.06
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$16.85
- Spread needed to break even
- 0.341%
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0110%
- Per $10,000 a day
- +$3.29
- Average in range /8h
- —
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 Bybit live order book, 4 min ago | 1.16 bp | 7.1 bp −$7 | 14.2 bp −$142 | 41.7 bp −$4,168 | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 2.31 bp | 9.0 bp −$9 | 16.4 bp −$164 | doesn't fit | doesn't fit |
PEPE price on every exchange
against the cheapest. Click to use as the short leg.GMX0.000004000cheapest
Aster0.000004304+7.601%KuCoin0.000004307+7.663%OKX0.000004307+7.675%Extended0.000004307+7.680%Reya0.000004308+7.691%BingX0.000004308+7.695%
GMX
Aster
KuCoin
OKX
Extended
Reya
BingXBybit0.000004308+7.700%
Nado0.000004308+7.709%dYdX0.000004309+7.722%Gate0.000004309+7.725%Injective0.000004309+7.725%BloFin0.000004309+7.725%Binance0.000004310+7.740%MEXC0.000004310+7.752%gTrade (Gains Network)0.000004310+7.763%Phemex0.000004311+7.768%Aevo0.000004311+7.775%Coinbase International0.000004311+7.775%Backpack0.000004312+7.788%Orderly0.000004312+7.788%Paradex0.000004312+7.804%
Nado
dYdX
Gate
Injective
BloFin
Binance
MEXC
gTrade (Gains Network)
Phemex
Aevo
Coinbase International
Backpack
Orderly
ParadexHyperliquid0.000004314+7.850%
Deribit0.000004314+7.850%HTX0.000004314+7.852%Bitget0.000004315+7.868%Kraken Futures0.000004315+7.871%Lighter0.000004315+7.875%Pacifica0.000004315+7.875%SoDEX0.000004315+7.875%ApeX Omni0.000004319+7.975%SunX0.000004320+8.008%edgeX0.000004324+8.109%Variational Omni0.000004325+8.132%
Deribit
HTX
Bitget
Kraken Futures
Lighter
Pacifica
SoDEX
ApeX Omni
SunX
Variational OmniPEPE on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX PEPE/USD [ETH-USDC] | −7.149% | L +0.0364% / S −0.0445% | 1h | $47K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | −0.092% | +0.0379% | 8h | $1.3M | $2.9M | 50x | as long as short |
| KuCoin PEPEUSDTM | −0.035% | +0.0100% | 8h | $19.2M | $25.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | −0.023% | +0.0100% | 8h | $30.7M | $208.9M | 50x | as long as short |
| Extended 1000PEPE-USD | −0.019% | +0.0104% | 1h | $457K | $209K | 25x | as long as short |
| Reya kPEPERUSDPERP | −0.008% | +0.0188% | 1h | $7K | — | 15x | as long as short |
| BingX 1000PEPE-USDC | −0.005% | +0.0100% | 8h | — | $2.3M | — | as long as short |
| Bybit 1000PEPEUSDTlong | 0.000% | +0.0100% | 8h | $72.2M | $111.0M | 50x | |
| Nado kPEPE-PERP | +0.009% | +0.0100% | 1h | $193K | $403K | 10x | as long as short |
| dYdX PEPE-USD | +0.020% | 0.0000% | 1h | $16K | $908 | 10x | as long as short |