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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0080%/8h= +8.7% APRnext payment +$0.80 per $10,000 · paid last 24h +0.004%
Price spread now: Orderly against OKX+0.277%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 5 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 +$2 a day on $10k at the current rate, and Orderly is 0.277% dearer against OKX than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX PEPE-USDT-SWAP0.0000050160.0191pay 0.0191% / 8h7h 03m$44.6M$545.4M50x
ShortOrderly PERP_1000PEPE_USDC0.0000050300.0271get 0.0271% / 8h7h 03m$32K$22K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against OKX. 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
$16.75
Price spread: +0.277% → 0.000%
$27.71
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
$28.46
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: OKX: live order book, 6 min ago; Orderly: 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 OKX live order book, 6 min ago0.99 bp8.8 bp −$914.3 bp −$14344.6 bp −$4,460doesn't fit
Sell Orderly no order-book sample
Orderly: 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
Kraken Futures PF_PEPEUSD−0.0117%1h0.000005021+0.092%$3.9M$14.3M50xas long as short
dYdX PEPE-USD0.0000%1h0.000005016−0.007%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000005020+0.078%$3K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005020+0.080%$59K$120K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005012−0.076%$95.5M$311.8M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005023+0.140%$161.5M$69.4M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005022+0.116%$25.4M$58.0M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000005018+0.046%$44.4M$156.0M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005053+0.729%$591K$4.4Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005083+1.340%$46K$386K20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX 1000PEPE-USDT+0.0100%8h0.000005026+0.199%$1K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000005023+0.140%$2K$12K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000005023+0.146%$565K$3.5M75xas long as short
Phemex u1000PEPEUSDT+0.0100%8h0.000005021+0.092%$2.4M$6.8M50xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005023+0.145%$8K15xas long as short
OKX PEPE-USDT-SWAPlong+0.0191%8h0.000005016long leg$44.6M$545.4M50x
ApeX Omni 1000PEPEUSDT+0.0235%1h0.000005063+0.937%$111K$752K25xas long as short
Orderly PERP_1000PEPE_USDCshort+0.0271%8h0.000005030+0.277%$32K$22K20x
Paradex kPEPE-USD-PERP+0.0306%8h0.000005018+0.042%$6K$1620xas long as short
BloFin PEPE-USDT+0.0313%8h0.000005013−0.060%$4.1M$24.4M75xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0347%1h0.000005028+0.239%$61K$114K25xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0368%1h0.000005023+0.140%$630K$28.1M50xas long as short
BingX 1000PEPE-USDT+0.0452%8h0.000005018+0.038%$257.7Mas long as short
Extended 1000PEPE-USD+0.0472%1h0.000005029+0.255%$552K$199K25xas long as short
Aevo 1000PEPE-PERP+0.0472%1h0.000005021+0.100%$142K3xas long as short
MEXC PEPE_USDT+0.0475%8h0.000005021+0.096%$96.7M$293.3M300xas long as short
Binance 1000PEPEUSDT+0.0476%8h0.000005017+0.020%$138.7M$1.13B75xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0501% / S −0.0406%1h0.000005000−0.319%$63K100xas long as short
Aster 1000PEPEUSDT+0.0535%8h0.000005027+0.215%$1.7M$7.8M50xas long as short
Nado kPEPE-PERP+0.0590%1h0.000005021+0.103%$188K$867K10xas long as short
Lighter 1000PEPE+0.0616%1h0.000005025+0.179%$650K$6.9M10xas long as short
Injective PEPE/USDC PERP+0.0636%1h0.000005069+1.057%$4K$102K12xas long as short
Backpack kPEPE_USDC_PERP+0.0663%1h0.000005020+0.090%$95K$601K15xas long as short
01 Exchange kPEPEUSD+0.0664%1h0.000005027+0.219%$1K$2K10xas long as short
Hyperliquid kPEPE+0.2287%1h0.000005037+0.419%$56.1M$133.1M10xas long as short