Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.032%

Price spread now: SoDEX against Aster+0.025%7-day average — · you sell dearer than you buy

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

Long on Aster Short on SoDEX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. SoDEX is 0.025% dearer against Aster than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000PEPEUSDT	0.000004804	0.0857	pay 0.0857% / 8h	2h 30m	$1.5M	$6.7M	50x
Short	SoDEX 1000PEPE-USD	0.000004805	0.0705	get 0.0088% / 1h	30m 51s	$2K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Aster. 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 AsterbpFee SoDEXbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$31.9
Price spread: +0.025% → 0.000%: $2.48
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$45.43
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 3 min ago; SoDEX: no order-book sample. 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 Aster live order book, 3 min ago	1.25 bp	11.5 bp −$12	25.9 bp −$259	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PEPE-USD	0.0000%	1h	0.000004793	−0.230%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004800	−0.090%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004802	−0.038%	$56.9M	$70.3M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004796	−0.163%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004800	−0.079%	$88.7M	$273.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004798	−0.121%	$149.0M	$61.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004804	+0.010%	$23.8M	$52.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004799	−0.093%	$705K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004815	+0.236%	$27K	$338K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004813	+0.183%	$2K	$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	0.000004801	−0.058%	$553K	$3.6M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0133%	8h	0.000004803	−0.017%	$41.3M	$488.2M	50x	as long as short
Bitget PEPEUSDT	+0.0171%	8h	0.000004801	−0.052%	$43.2M	$152.2M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004803	−0.011%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0248%	8h	0.000004806	+0.046%	$3.9M	$21.7M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0217%	1h	0.000004000	−16.733%	$52K	—	100x	as long as short
Lighter 1000PEPE	+0.0336%	1h	0.000004805	+0.025%	$591K	$5.1M	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0380%	8h	0.000004804	−0.002%	$29K	$11K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0389%	8h	0.000004801	−0.054%	$5K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004801	−0.058%	$575K	$25.3M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0466%	8h	0.000004800	−0.071%	$2.3M	$6.3M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0498%	1h	0.000004805	+0.027%	$95K	$622K	15x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004809	+0.108%	$4K	$92K	12x	as long as short
Nado kPEPE-PERP	+0.0691%	1h	0.000004798	−0.112%	$179K	$859K	10x	as long as short
SoDEX 1000PEPE-USDshort	+0.0705%	1h	0.000004805	+0.025%	$2K	$9K	10x
ApeX Omni 1000PEPEUSDT	+0.0722%	1h	0.000004816	+0.254%	$100K	$759K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0762%	1h	0.000004804	+0.008%	$3.9M	$13.0M	50x	as long as short
BingX 1000PEPE-USDT	+0.0774%	8h	0.000004807	+0.068%	—	$254.9M	—	as long as short
Extended 1000PEPE-USD	+0.0816%	1h	0.000004805	+0.028%	$526K	$147K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0816%	1h	0.000004807	+0.066%	$136K	—	3x	as long as short
MEXC PEPE_USDT	+0.0818%	8h	0.000004808	+0.085%	$90.3M	$289.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0820%	8h	0.000004806	+0.050%	$127.8M	$1.02B	75x	as long as short
Aster 1000PEPEUSDTlong	+0.0857%	8h	0.000004804	long leg	$1.5M	$6.7M	50x
Deribit 1000PEPE_USDC-PERPETUAL	+0.1000%	1h	0.000004805	+0.025%	$81K	$94K	25x	as long as short
01 Exchange kPEPEUSD	+0.1232%	1h	0.000004810	+0.129%	$551	$2K	10x	as long as short