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

PEPE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0181%/8h= +19.8% APRpaid last 24h +0.063%
Price spread now: SoDEX against HTX+0.194%7-day average · you sell dearer than you buy
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 feesneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and SoDEX is 0.194% dearer against HTX than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PEPE-USDT0.0000051590.0100pay 0.0100% / 8h36m 49s$600K$4.2M75x
ShortSoDEX 1000PEPE-USD0.0000051690.0281get 0.0035% / 1h36m 49s$2K$11K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against HTX. 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
$37.91
Price spread: +0.194% → 0.000%
$19.38
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$37.3
Costs to cover
0.200%
Break-even
0.1 days
Slippage unknown: HTX: live order book, 2 min ago; SoDEX: 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 HTX live order book, 2 min ago6.77 bp13.2 bp −$1322.3 bp −$22389.3 bp −$8,934doesn't fit
Sell SoDEX no order-book sample
SoDEX: 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%1h0.000005155−0.068%$19K$64910xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0008%1h0.000005163+0.072%$4K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005162+0.058%$60K$183K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005157−0.045%$99.2M$427.8M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005167+0.155%$164.0M$98.8M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005207+0.940%$652K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005167+0.152%$28K$546K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005167+0.153%$2K$2.7M20xas long as short
HTX PEPE-USDTlong+0.0100%8h0.000005159long leg$600K$4.2M75x
KuCoin PEPEUSDTM+0.0129%8h0.000005174+0.289%$26.9M$73.7M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya kPEPERUSDPERP+0.0189%1h0.000005168+0.167%$8K15xas long as short
Bitget PEPEUSDT+0.0269%8h0.000005167+0.163%$46.3M$219.3M75xas long as short
SoDEX 1000PEPE-USDshort+0.0281%1h0.000005169+0.194%$2K$11K10x
Deribit 1000PEPE_USDC-PERPETUAL+0.0331%1h0.000005168+0.174%$74K$127K25xas long as short
OKX PEPE-USDT-SWAP+0.0376%8h0.0000051590.000%$47.6M$745.6M50xas long as short
ApeX Omni 1000PEPEUSDT+0.0378%1h0.000005219+1.163%$151K$833K25xas long as short
Injective PEPE/USDC PERP+0.0404%1h0.000005156−0.058%$8K$120K12xas long as short
Orderly PERP_1000PEPE_USDC+0.0413%8h0.000005169+0.184%$34K$26K20xas long as short
Paradex kPEPE-USD-PERP+0.0481%8h0.000005169+0.194%$6K20xas long as short
BloFin PEPE-USDT+0.0499%8h0.000005170+0.213%$4.4M$30.3M75xas long as short
Backpack kPEPE_USDC_PERP+0.0507%1h0.000005169+0.202%$78K$877K15xas long as short
Phemex u1000PEPEUSDT+0.0530%8h0.000005168+0.165%$2.4M$8.1M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0544%1h0.000005170+0.213%$647K$39.8M50xas long as short
Lighter 1000PEPE+0.0592%1h0.000005171+0.233%$621K$9.0M10xas long as short
Nado kPEPE-PERP+0.0702%1h0.000005168+0.166%$165K$956K10xas long as short
Kraken Futures PF_PEPEUSD+0.0710%1h0.000005165+0.123%$4.7M$16.8M50xas long as short
BingX 1000PEPE-USDT+0.0712%8h0.000005170+0.207%$218.5Mas long as short
01 Exchange kPEPEUSD+0.0720%1h0.000005166+0.136%$623$2K10xas long as short
Aster 1000PEPEUSDT+0.0727%8h0.000005165+0.110%$1.8M$11.9M50xas long as short
Binance 1000PEPEUSDT+0.0741%8h0.000005162+0.054%$142.3M$1.49B75xas long as short
Extended 1000PEPE-USD+0.0744%1h0.000005171+0.240%$542K$284K25xas long as short
Aevo 1000PEPE-PERP+0.0744%1h0.000005165+0.116%$146K3xas long as short
MEXC PEPE_USDT+0.0745%8h0.000005174+0.293%$101.0M$305.8M300xas long as short
Hyperliquid kPEPE+0.0947%1h0.000005174+0.291%$53.9M$157.7M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1068% / S −0.1502%1h0.000005000−3.082%$47K100xas long as short