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

PEPE

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0571%/8h= +62.5% APRnext payment +$0.71 per $10,000 · paid last 24h +0.073%
Price spread now: Aevo against Reya+0.219%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 fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Aevo is 0.219% dearer against Reya than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya kPEPERUSDPERP0.0000051060.0189pay 0.0024% / 1h13m 01s$8K15x
ShortAevo 1000PEPE-PERP0.0000051170.0760get 0.0095% / 1h13m 01s$145K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Reya. 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
$119.91
Price spread: +0.219% → 0.000%
$21.88
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Aevo: 8 bp × 2 orders
−$16
Net
$119.79
Costs to cover
0.220%
Break-even
0.0 days
Slippage unknown: Reya: no order-book sample; Aevo: live order book, 31 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 Reya no order-book sample
Sell Aevo live order book, 31 min ago362.92 bp1632.9 bp −$1,633doesn't fitdoesn't fitdoesn't fit
Reya: 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
Injective PEPE/USDC PERP−0.0016%1h0.000005095−0.212%$8K$120K12xas long as short
dYdX PEPE-USD0.0000%1h0.000005099−0.133%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0008%1h0.000005104−0.046%$4K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005098−0.153%$59K$181K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005115+0.186%$99.7M$420.0M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005113+0.140%$162.7M$97.4M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005117+0.211%$26.0M$72.5M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005097−0.181%$597K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005097−0.166%$28K$544K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005098−0.157%$1K$2.7M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000005111+0.097%$593K$4.2M75xas long as short
SoDEX 1000PEPE-USD+0.0134%1h0.000005113+0.140%$2K$11K10xas long as short
Reya kPEPERUSDPERPlong+0.0189%1h0.000005106long leg$8K15x
Bitget PEPEUSDT+0.0284%8h0.000005116+0.189%$45.8M$216.0M75xas long as short
ApeX Omni 1000PEPEUSDT+0.0334%1h0.000005099−0.134%$148K$829K25xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0338%1h0.000005109+0.062%$73K$127K25xas long as short
OKX PEPE-USDT-SWAP+0.0393%8h0.000005114+0.160%$47.4M$727.4M50xas long as short
Orderly PERP_1000PEPE_USDC+0.0396%8h0.000005111+0.097%$34K$26K20xas long as short
Backpack kPEPE_USDC_PERP+0.0430%1h0.000005118+0.238%$73K$860K15xas long as short
Kraken Futures PF_PEPEUSD+0.0457%1h0.000005112+0.119%$4.6M$16.5M50xas long as short
Paradex kPEPE-USD-PERP+0.0505%8h0.000005097−0.166%$6K20xas long as short
BloFin PEPE-USDT+0.0513%8h0.000005114+0.160%$4.4M$29.4M75xas long as short
Phemex u1000PEPEUSDT+0.0529%8h0.000005104−0.044%$2.4M$8.0M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0624%1h0.000005116+0.199%$677K$38.6M50xas long as short
01 Exchange kPEPEUSD+0.0672%1h0.000005108+0.043%$616$3K10xas long as short
Lighter 1000PEPE+0.0688%1h0.000005115+0.180%$609K$9.1M10xas long as short
BingX 1000PEPE-USDT+0.0731%8h0.000005115+0.174%$217.9Mas long as short
Nado kPEPE-PERP+0.0746%1h0.000005104−0.043%$164K$959K10xas long as short
Aster 1000PEPEUSDT+0.0753%8h0.000005115+0.185%$1.8M$11.7M50xas long as short
MEXC PEPE_USDT+0.0758%8h0.000005119+0.260%$99.4M$305.9M300xas long as short
Binance 1000PEPEUSDT+0.0759%8h0.000005118+0.231%$140.7M$1.47B75xas long as short
Extended 1000PEPE-USD+0.0760%1h0.000005115+0.173%$537K$284K25xas long as short
Aevo 1000PEPE-PERPshort+0.0760%1h0.000005117+0.219%$145K3x
Hyperliquid kPEPE+0.0943%1h0.000005120+0.278%$53.0M$156.6M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1130% / S −0.2249%1h0.000005000−2.073%$64K100xas long as short