Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0213%/8h= +23.3% APRpaid last 24h +0.038%

Price spread now: Aevo against Orderly+0.272%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Aevo

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Aevo is 0.272% dearer against Orderly than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_1000PEPE_USDC	0.000004962	0.0291	pay 0.0291% / 8h	7h 30m	$31K	$14K	20x
Short	Aevo 1000PEPE-PERP	0.000004976	0.0504	get 0.0063% / 1h	30m 39s	$141K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Orderly. 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 OrderlybpFee AevobpOrdersPrice spread, now +0.272%Rate

Funding earned: $44.65
Price spread: +0.272% → 0.000%: $27.2
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: $49.85
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Aevo: live order book, 43 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 Orderly no order-book sample	—	—	—	—	—
Sell Aevo live order book, 43 min ago	273.02 bp	566.1 bp −$566	doesn't fit	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_PEPEUSD	−0.0118%	1h	0.000004961	−0.030%	$3.9M	$14.0M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004968	+0.105%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004961	−0.030%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004969	+0.131%	$58K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004966	+0.073%	$91.1M	$302.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004963	+0.010%	$157.6M	$66.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004968	+0.107%	$25.2M	$55.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004976	+0.278%	$43.4M	$152.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004960	−0.056%	$585K	$4.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004925	−0.761%	$26K	$353K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004967	+0.093%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004962	−0.010%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004964	+0.032%	$561K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004960	−0.054%	$2.4M	$6.6M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0182%	8h	0.000004979	+0.332%	$43.6M	$529.2M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004963	+0.003%	$7K	—	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0205%	8h	0.000004974	+0.232%	$6K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDClong	+0.0291%	8h	0.000004962	long leg	$31K	$14K	20x
BloFin PEPE-USDT	+0.0303%	8h	0.000004961	−0.030%	$4.0M	$23.5M	75x	as long as short
Lighter 1000PEPE	+0.0368%	1h	0.000004975	+0.252%	$583K	$6.7M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004965	+0.050%	$594K	$26.9M	50x	as long as short
Nado kPEPE-PERP	+0.0402%	1h	0.000004962	−0.009%	$194K	$851K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0440%	1h	0.000004944	−0.373%	$102K	$754K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0470% / S −0.0704%	1h	0.000004000	−19.395%	$47K	—	100x	as long as short
01 Exchange kPEPEUSD	+0.0480%	1h	0.000004986	+0.474%	$1K	$2K	10x	as long as short
BingX 1000PEPE-USDC	+0.0493%	8h	0.000004976	+0.264%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0501%	8h	0.000004964	+0.030%	$96.7M	$283.8M	300x	as long as short
Binance 1000PEPEUSDT	+0.0501%	8h	0.000004970	+0.155%	$139.7M	$1.09B	75x	as long as short
Extended 1000PEPE-USD	+0.0504%	1h	0.000004963	+0.005%	$546K	$148K	25x	as long as short
Aevo 1000PEPE-PERPshort	+0.0504%	1h	0.000004976	+0.272%	$141K	—	3x
Hyperliquid kPEPE	+0.0524%	1h	0.000004977	+0.292%	$59.8M	$118.1M	10x	as long as short
Aster 1000PEPEUSDT	+0.0533%	8h	0.000004969	+0.126%	$1.5M	$7.5M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0573%	1h	0.000004963	+0.018%	$94K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004986	+0.474%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0758%	1h	0.000004964	+0.030%	$71K	$107K	25x	as long as short