Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0591%/8h= −64.8% APRpaid last 24h +0.052%

Price spread now: SoDEX against Binance−0.036%45s7-day average — · you buy dearer than you sell

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

Long on Binance 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—needs both histories

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and SoDEX is 0.036% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 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	Binance 1000PEPEUSDT	0.000004805	0.0691	pay 0.0691% / 8h	48m 30s	$131.8M	$1.05B	75x
Short	SoDEX 1000PEPE-USD	0.000004803	0.0100	get 0.0013% / 1h	48m 30s	$2K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Binance. 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 BinancebpFee SoDEXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$124.2
Price spread: −0.036% → 0.000%: −$3.64
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$145.84
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 10 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 Binance live order book, 10 min ago	0.10 bp	5.4 bp −$5	12.9 bp −$129	31.7 bp −$3,172	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
Hyperliquid kPEPE	−0.0248%	1h	0.000004798	−0.140%	$67.1M	$87.8M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004803	−0.033%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004800	−0.107%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0066%	1h	0.000004802	−0.052%	$3.9M	$13.5M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004806	+0.026%	$59K	$115K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004806	+0.024%	$86.5M	$287.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004803	−0.036%	$150.7M	$63.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004805	+0.005%	$24.6M	$54.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004803	−0.034%	$42.5M	$149.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004816	+0.232%	$585K	$4.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004818	+0.266%	$26K	$348K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004822	+0.359%	$101K	$760K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004809	+0.093%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USDshort	+0.0100%	1h	0.000004803	−0.036%	$2K	$12K	10x
HTX PEPE-USDT	+0.0100%	8h	0.000004805	+0.001%	$544K	$3.5M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004804	−0.018%	$7K	—	15x	as long as short
Lighter 1000PEPE	+0.0192%	1h	0.000004809	+0.088%	$635K	$6.3M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0213%	8h	0.000004806	+0.025%	$5K	$16	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0218%	8h	0.000004806	+0.026%	$41.6M	$497.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0224%	1h	0.000004808	+0.068%	$551	$2K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0232%	8h	0.000004800	−0.103%	$2.3M	$6.4M	50x	as long as short
BloFin PEPE-USDT	+0.0337%	8h	0.000004804	−0.016%	$3.8M	$22.3M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0356% / S −0.0395%	1h	0.000004000	−16.749%	$42K	—	100x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0375%	1h	0.000004800	−0.099%	$81K	$94K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004802	−0.057%	$565K	$25.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0430%	8h	0.000004801	−0.086%	$30K	$12K	20x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004819	+0.297%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0585%	1h	0.000004804	−0.016%	$91K	$601K	15x	as long as short
BingX 1000PEPE-USDC	+0.0682%	8h	0.000004806	+0.022%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0688%	1h	0.000004807	+0.037%	$529K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0691%	8h	0.000004809	+0.084%	$95.1M	$279.3M	300x	as long as short
Binance 1000PEPEUSDTlong	+0.0691%	8h	0.000004805	long leg	$131.8M	$1.05B	75x
Aster 1000PEPEUSDT	+0.0692%	8h	0.000004809	+0.080%	$1.5M	$7.3M	50x	as long as short
Aevo 1000PEPE-PERP	+0.0696%	1h	0.000004805	+0.005%	$136K	—	3x	as long as short
Nado kPEPE-PERP	+0.0824%	1h	0.000004806	+0.029%	$184K	$845K	10x	as long as short