Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0636%/8h= −69.7% APRpaid last 24h −0.012%

Price spread now: edgeX against ApeX Omni+0.186%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 3 days (all we have)−0.179%−$18 · spread now +0.186%, 7d avg −0.002%

Together, before fees−0.163%+ Points / potential airdropedgeX: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.188% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.186% now, against its 7-day average of −0.002%): +$19 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 24 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000PEPEUSDT	0.000004809	0.0736	pay 0.0092% / 1h	24m 37s	$100K	$760K	25x
Short	edgeX 1000PEPEUSDC	0.000004818	0.0100	get 0.0050% / 4h	2h 24m	$27K	$337K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against ApeX Omni. 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 ApeX OmnibpFee edgeXbpOrdersPrice spread, now +0.186%Rate

Funding earned: −$133.63
Price spread: +0.186% → −0.002%: $18.79
Slippage, 4 orders: −$19.43
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$153.27
Costs to cover: 0.384%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 64 min ago; edgeX: live order book, 63 min ago.

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 ApeX Omni live order book, 64 min ago	5.79 bp	13.6 bp −$14	89.3 bp −$893	doesn't fit	doesn't fit
Sell edgeX live order book, 63 min ago	0.92 bp	5.6 bp −$6	37.3 bp −$373	doesn't fit	doesn't fit

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
dYdX PEPE-USD	0.0000%	1h	0.000004850	+0.851%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004845	+0.759%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004858	+1.019%	$57.9M	$71.0M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004854	+0.936%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004849	+0.832%	$88.2M	$274.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004852	+0.894%	$151.3M	$62.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004860	+1.065%	$25.2M	$53.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004837	+0.589%	$705K	$3.7M	—	as long as short
edgeX 1000PEPEUSDCshort	+0.0100%	4h	0.000004818	+0.186%	$27K	$337K	20x
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004860	+1.063%	$1K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000004863	+1.123%	$560K	$3.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0148%	8h	0.000004848	+0.811%	$41.6M	$489.2M	50x	as long as short
Bitget PEPEUSDT	+0.0179%	8h	0.000004848	+0.803%	$43.0M	$151.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004854	+0.940%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0267%	8h	0.000004859	+1.040%	$3.9M	$21.9M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0319% / S −0.0217%	1h	0.000004000	−16.823%	$53K	—	100x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0392%	8h	0.000004857	+0.990%	$30K	$11K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0455%	8h	0.000004849	+0.840%	$5K	$16	20x	as long as short
Lighter 1000PEPE	+0.0456%	1h	0.000004855	+0.957%	$619K	$5.2M	10x	as long as short
Phemex u1000PEPEUSDT	+0.0463%	8h	0.000004858	+1.015%	$2.3M	$6.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004856	+0.977%	$581K	$25.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004847	+0.790%	$4K	$110K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0631%	1h	0.000004855	+0.961%	$93K	$623K	15x	as long as short
Nado kPEPE-PERP	+0.0682%	1h	0.000004864	+1.153%	$192K	$855K	10x	as long as short
ApeX Omni 1000PEPEUSDTlong	+0.0736%	1h	0.000004809	long leg	$100K	$760K	25x
Kraken Futures PF_PEPEUSD	+0.0754%	1h	0.000004855	+0.964%	$3.9M	$13.0M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0781%	1h	0.000004853	+0.915%	$82K	$94K	25x	as long as short
BingX 1000PEPE-USDT	+0.0789%	8h	0.000004851	+0.880%	—	$255.0M	—	as long as short
SoDEX 1000PEPE-USD	+0.0812%	1h	0.000004857	+0.998%	$2K	$9K	10x	as long as short
Aevo 1000PEPE-PERP	+0.0832%	1h	0.000004887	+1.622%	$138K	—	3x	as long as short
MEXC PEPE_USDT	+0.0845%	8h	0.000004850	+0.850%	$91.0M	$290.6M	300x	as long as short
Extended 1000PEPE-USD	+0.0848%	1h	0.000004856	+0.974%	$534K	$147K	25x	as long as short
Binance 1000PEPEUSDT	+0.0850%	8h	0.000004855	+0.954%	$129.2M	$1.02B	75x	as long as short
Aster 1000PEPEUSDT	+0.0890%	8h	0.000004854	+0.934%	$1.5M	$6.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.1256%	1h	0.000004880	+1.476%	$559	$2K	10x	as long as short