PEPE

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.081%

7d average—if it closes, per $10,000$8funding while held, a day+$4.16

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kPEPERUSDPERP	0.000004392	0.0188	pay 0.0024% / 1h	33m 37s	$7K	—	15x
Short	Hyperliquid kPEPE	0.000004396	0.0327	get 0.0041% / 1h	33m 37s	$50.0M	$34.7M	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee ReyabpFee HyperliquidbpOrdersClose when spread is

Spread captured: $8.14
Funding while held: $4.16
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$2.7
Spread needed to break even: 0.150%

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 11 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0139%
Per $10,000 a day: +$4.16
Average in range /8h: —

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 Reya no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 11 min ago	3.46 bp	13.8 bp −$14	19.1 bp −$191	doesn't fit	doesn'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 price on every exchange

against the cheapest. Click to use as the short leg.

GMX0.000004000cheapest

ApeX Omni0.000004375+9.375%Injective0.000004378+9.450%BloFin0.000004384+9.600%edgeX0.000004386+9.657%Orderly0.000004388+9.702%Nado0.000004389+9.724%Deribit0.000004389+9.725%gTrade (Gains Network)0.000004390+9.745%Phemex0.000004390+9.745%Aevo0.000004390+9.750%Backpack0.000004392+9.793%SoDEX0.000004392+9.800%BingX0.000004392+9.808%

Reya0.000004392+9.811%

Kraken Futures0.000004393+9.815%Paradex0.000004393+9.823%Aster0.000004393+9.830%MEXC0.000004393+9.830%Extended0.000004393+9.832%HTX0.000004394+9.845%Coinbase International0.000004394+9.850%Variational Omni0.000004394+9.861%OKX0.000004395+9.875%

Hyperliquid0.000004396+9.900%

SunX0.000004396+9.910%dYdX0.000004397+9.937%Pacifica0.000004398+9.950%Bybit0.000004398+9.950%Gate0.000004398+9.950%Bitget0.000004398+9.957%KuCoin0.000004400+9.995%Binance0.000004401+10.033%Lighter0.000004405+10.125%

PEPE on 34 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
GMX PEPE/USD [ETH-USDC]	−8.934%	L +0.0404% / S −0.0539%	1h	$55K	—	100x	as long as short
ApeX Omni 1000PEPEUSDT	−0.397%	+0.0100%	1h	$104K	$711K	25x	as long as short
Injective PEPE/USDC PERP	−0.328%	−0.0104%	1h	$16K	$39K	12x	as long as short
BloFin PEPE-USDT	−0.192%	+0.0220%	8h	$2.9M	$11.5M	75x	as long as short
edgeX 1000PEPEUSDC	−0.140%	+0.0100%	4h	$26K	$325K	20x	as long as short
Orderly PERP_1000PEPE_USDC	−0.098%	+0.0061%	8h	$27K	$3K	20x	as long as short
Nado kPEPE-PERP	−0.079%	+0.0100%	1h	$226K	$402K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	−0.078%	0.0000%	1h	$37K	$63K	25x	as long as short
gTrade (Gains Network) PEPE/USD	−0.060%	L +0.0005% / S −0.0002%	1h	$4K	—	150x	as long as short
Phemex u1000PEPEUSDT	−0.060%	−0.0029%	8h	$2.1M	$5.2M	50x	as long as short

Show all 34 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo 1000PEPE-PERP	−0.055%	+0.0096%	1h	$124K	—	3x	as long as short
Backpack kPEPE_USDC_PERP	−0.016%	+0.0156%	1h	$120K	$188K	15x	as long as short
SoDEX 1000PEPE-USD	−0.010%	+0.0100%	1h	$2K	$7K	10x	as long as short
BingX 1000PEPE-USDC	−0.003%	+0.0100%	8h	—	$2.3M	—	as long as short
Reya kPEPERUSDPERPlong	0.000%	+0.0188%	1h	$7K	—	15x
Kraken Futures PF_PEPEUSD	+0.004%	+0.0530%	1h	$2.8M	$8.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.011%	+0.0098%	8h	$5K	$52	20x	as long as short
Aster 1000PEPEUSDT	+0.018%	+0.0350%	8h	$1.3M	$2.8M	50x	as long as short
MEXC PEPE_USDT	+0.018%	+0.0100%	8h	$109.1M	$206.0M	300x	as long as short
Extended 1000PEPE-USD	+0.020%	+0.0104%	1h	$464K	$207K	25x	as long as short
HTX PEPE-USDT	+0.031%	+0.0100%	8h	$474K	$2.1M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.036%	+0.0200%	1h	$605K	$6.6M	50x	as long as short
Variational Omni 1000PEPE	+0.046%	+0.0100%	8h	$536K	$1.6M	—	as long as short
OKX PEPE-USDT-SWAP	+0.059%	+0.0100%	8h	$32.0M	$212.2M	50x	as long as short
Hyperliquid kPEPEshort	+0.081%	+0.0327%	1h	$50.0M	$34.7M	10x
SunX 1000PEPE-USDT	+0.091%	+0.0100%	8h	$2K	$1.4M	20x	as long as short
dYdX PEPE-USD	+0.115%	0.0000%	1h	$16K	$908	10x	as long as short
Pacifica kPEPE	+0.127%	+0.0100%	1h	$52K	$35K	10x	as long as short
Bybit 1000PEPEUSDT	+0.127%	+0.0100%	8h	$74.5M	$112.2M	50x	as long as short
Gate PEPE_USDT	+0.127%	+0.0100%	8h	$113.2M	$25.6M	75x	as long as short
Bitget PEPEUSDT	+0.134%	+0.0100%	8h	$40.9M	$61.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.168%	+0.0100%	8h	$19.9M	$24.0M	75x	as long as short
Binance 1000PEPEUSDT	+0.202%	+0.0100%	8h	$99.2M	$453.2M	75x	as long as short
Lighter 1000PEPE	+0.286%	+0.0656%	1h	$883K	$2.6M	10x	as long as short