Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h −0.080%

Price spread now: SunX against ApeX Omni+0.332%73s7-day average +0.173% · you sell dearer than you buy

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

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.332%, 7d avg +0.173%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.158% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.332% now, against its 7-day average of +0.173%): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000PEPEUSDT	0.000005124	0.0134	pay 0.0017% / 1h	49m 34s	$149K	$836K	25x
Short	SunX 1000PEPE-USDT	0.000005141	0.0100	get 0.0100% / 8h	7h 49m	$2K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.332%Rate

Funding earned: −$7.16
Price spread: +0.332% → +0.173%: $15.83
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$9.33
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 49 min ago; SunX: live order book, 8 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 ApeX Omni live order book, 49 min ago	5.32 bp	13.1 bp −$13	75.8 bp −$758	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	500.06 bp	doesn't fit	doesn't fit	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	0.000005135	+0.217%	$19K	$649	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005139	+0.291%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005132	+0.156%	$60K	$186K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005127	+0.060%	$98.9M	$435.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005128	+0.078%	$163.4M	$99.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005142	+0.344%	$636K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005125	+0.028%	$28K	$549K	20x	as long as short
SunX 1000PEPE-USDTshort	+0.0100%	8h	0.000005141	+0.332%	$2K	$2.7M	20x
HTX PEPE-USDT	+0.0100%	8h	0.000005136	+0.244%	$601K	$4.2M	75x	as long as short
ApeX Omni 1000PEPEUSDTlong	+0.0134%	1h	0.000005124	long leg	$149K	$836K	25x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PEPE/USDC PERP	+0.0147%	1h	0.000005124	0.000%	$8K	$120K	12x	as long as short
KuCoin PEPEUSDTM	+0.0156%	8h	0.000005133	+0.168%	$26.8M	$74.7M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005130	+0.124%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0226%	8h	0.000005130	+0.113%	$46.1M	$221.9M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0235%	1h	0.000005133	+0.176%	$2K	$11K	10x	as long as short
OKX PEPE-USDT-SWAP	+0.0346%	8h	0.000005130	+0.117%	$47.3M	$749.6M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0428%	8h	0.000005135	+0.205%	$34K	$26K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0433%	8h	0.000005129	+0.101%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0465%	8h	0.000005141	+0.332%	$4.5M	$30.5M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0491%	1h	0.000005129	+0.094%	$76K	$894K	15x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0504%	1h	0.000005141	+0.332%	$670K	$40.0M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0530%	1h	0.000005132	+0.156%	$73K	$128K	25x	as long as short
01 Exchange kPEPEUSD	+0.0560%	1h	0.000005133	+0.176%	$619	$2K	10x	as long as short
Hyperliquid kPEPE	+0.0577%	1h	0.000005138	+0.273%	$53.2M	$159.9M	10x	as long as short
Nado kPEPE-PERP	+0.0589%	1h	0.000005136	+0.233%	$163K	$964K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0618%	1h	0.000005129	+0.092%	$4.8M	$16.7M	50x	as long as short
Lighter 1000PEPE	+0.0632%	1h	0.000005135	+0.215%	$622K	$9.0M	10x	as long as short
BingX 1000PEPE-USDT	+0.0648%	8h	0.000005132	+0.160%	—	$175.8M	—	as long as short
MEXC PEPE_USDT	+0.0679%	8h	0.000005133	+0.168%	$100.3M	$306.0M	300x	as long as short
Extended 1000PEPE-USD	+0.0680%	1h	0.000005131	+0.128%	$539K	$280K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0680%	1h	0.000005131	+0.137%	$145K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0680%	8h	0.000005132	+0.165%	$141.7M	$1.51B	75x	as long as short
Aster 1000PEPEUSDT	+0.0696%	8h	0.000005132	+0.164%	$1.7M	$12.0M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0725%	8h	0.000005132	+0.160%	$2.4M	$8.1M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1019% / S −0.1149%	1h	0.000005000	−2.420%	$51K	—	100x	as long as short