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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0219%/8h= +24.0% APRnext payment +$2.19 per $10,000 · paid last 24h +0.018%
Price spread now: BingX against Orderly−0.276%7-day average · you buy dearer than you sell
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
Funding pays, the price is against you. BingX is 0.276% cheaper against Orderly than usual: you would sell low and buy high (spread −0.276% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 4.2 days of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_1000PEPE_USDC0.0000047510.0379pay 0.0379% / 8h22m 58s$29K$13K20x
ShortBingX 1000PEPE-USDC0.0000047370.0598get 0.0598% / 8h22m 58s$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$46.05
Price spread: −0.276% → 0.000%
−$27.58
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee BingX: 5 bp × 2 orders
−$10
Net
$2.47
Costs to cover
0.160%
Break-even
6.6 days
Slippage unknown: Orderly: no order-book sample; BingX: live order book, 11 min ago. 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 Orderly no order-book sample
Sell BingX live order book, 11 min ago0.63 bp14.4 bp −$1419.4 bp −$19487.1 bp −$8,710252.6 bp −$126.3K
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
Hyperliquid kPEPE−0.0199%1h0.000004744−0.137%$66.7M$93.5M10xas long as short
dYdX PEPE-USD0.0000%1h0.000004740−0.228%$17K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004743−0.166%$13K150xas long as short
Kraken Futures PF_PEPEUSD+0.0067%1h0.000004752+0.040%$3.8M$13.7M50xas long as short
Pacifica kPEPE+0.0100%1h0.000004741−0.200%$59K$116K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004736−0.305%$85.9M$291.6M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004737−0.284%$148.9M$64.7M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004738−0.263%$24.2M$54.5M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000004737−0.280%$41.8M$150.4M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004753+0.052%$536K$4.1Mas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX 1000PEPEUSDC+0.0100%4h0.000004750−0.019%$25K$349K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0100%1h0.000004745−0.116%$99K$754K25xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004754+0.069%$1K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004752+0.032%$2K$12K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004750−0.008%$534K$3.5M75xas long as short
Lighter 1000PEPE+0.0112%1h0.000004754+0.074%$581K$6.4M10xas long as short
Paradex kPEPE-USD-PERP+0.0178%8h0.000004744−0.144%$5K$1620xas long as short
Phemex u1000PEPEUSDT+0.0184%8h0.000004758+0.154%$2.3M$6.5M50xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004747−0.078%$7K15xas long as short
OKX PEPE-USDT-SWAP+0.0200%8h0.000004738−0.263%$41.1M$493.7M50xas long as short
01 Exchange kPEPEUSD+0.0272%1h0.000004745−0.116%$544$2K10xas long as short
BloFin PEPE-USDT+0.0322%8h0.000004749−0.032%$3.9M$22.3M75xas long as short
Orderly PERP_1000PEPE_USDClong+0.0379%8h0.000004751long leg$29K$13K20x
GMX PEPE/USD [ETH-USDC]L +0.0382% / S −0.0344%1h0.000004000−15.798%$46K100xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0400%1h0.000004745−0.116%$560K$25.5M50xas long as short
Injective PEPE/USDC PERP+0.0437%1h0.000004755+0.095%$4K$102K12xas long as short
Backpack kPEPE_USDC_PERP+0.0573%1h0.000004754+0.076%$90K$602K15xas long as short
Aster 1000PEPEUSDT+0.0595%8h0.000004739−0.236%$1.5M$7.3M50xas long as short
BingX 1000PEPE-USDCshort+0.0598%8h0.000004737−0.276%$2.3M
Binance 1000PEPEUSDT+0.0599%8h0.000004738−0.253%$130.6M$1.06B75xas long as short
Extended 1000PEPE-USD+0.0600%1h0.000004737−0.281%$521K$148K25xas long as short
MEXC PEPE_USDT+0.0605%8h0.000004740−0.223%$88.3M$281.8M300xas long as short
Aevo 1000PEPE-PERP+0.0608%1h0.000004747−0.074%$134K3xas long as short
Nado kPEPE-PERP+0.0662%1h0.000004745−0.116%$181K$849K10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.1014%1h0.000004752+0.032%$76K$98K25xas long as short