Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0593%/8h= −64.9% APRpaid last 24h +0.037%

Price spread now: SoDEX against BingX−0.127%55s7-day average — · you buy dearer than you sell

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

Long on BingX 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 0.127% cheaper against BingX than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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	BingX 1000PEPE-USDC	0.000004813	0.0693	pay 0.0693% / 8h	51m 21s	—	$2.3M	—
Short	SoDEX 1000PEPE-USD	0.000004807	0.0100	get 0.0013% / 1h	51m 21s	$2K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against BingX. 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 BingXbpFee SoDEXbpOrdersPrice spread, now −0.127%Rate

Funding earned: −$124.53
Price spread: −0.127% → 0.000%: −$12.67
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$155.2
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 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 BingX live order book, 7 min ago	2.29 bp	16.5 bp −$16	19.1 bp −$191	95.3 bp −$9,531	224.2 bp −$112.1K
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	−0.0205%	1h	0.000004810	−0.064%	$66.9M	$87.3M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004810	−0.068%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004816	+0.062%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0066%	1h	0.000004807	−0.130%	$3.9M	$13.4M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004815	+0.039%	$60K	$114K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004818	+0.102%	$86.7M	$287.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004814	+0.019%	$151.0M	$63.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004817	+0.087%	$24.7M	$54.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004817	+0.083%	$42.5M	$149.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004798	−0.317%	$596K	$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	0.000004806	−0.142%	$28K	$344K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004814	+0.023%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USDshort	+0.0100%	1h	0.000004807	−0.127%	$2K	$12K	10x
HTX PEPE-USDT	+0.0100%	8h	0.000004807	−0.125%	$544K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0184%	1h	0.000004820	+0.143%	$636K	$6.3M	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004817	+0.079%	$7K	—	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0214%	1h	0.000004796	−0.355%	$100K	$760K	25x	as long as short
OKX PEPE-USDT-SWAP	+0.0219%	8h	0.000004819	+0.123%	$41.8M	$499.1M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0219%	8h	0.000004817	+0.078%	$5K	$16	20x	as long as short
01 Exchange kPEPEUSD	+0.0240%	1h	0.000004819	+0.123%	$552	$2K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0259%	8h	0.000004807	−0.127%	$2.3M	$6.4M	50x	as long as short
BloFin PEPE-USDT	+0.0339%	8h	0.000004804	−0.189%	$3.9M	$22.3M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0354% / S −0.0391%	1h	0.000004000	−16.893%	$43K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004812	−0.023%	$577K	$25.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0434%	8h	0.000004820	+0.143%	$30K	$12K	20x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004804	−0.189%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0578%	1h	0.000004808	−0.106%	$91K	$602K	15x	as long as short
BingX 1000PEPE-USDClong	+0.0693%	8h	0.000004813	long leg	—	$2.3M	—
Extended 1000PEPE-USD	+0.0696%	1h	0.000004817	+0.089%	$529K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0699%	8h	0.000004819	+0.131%	$96.4M	$278.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0700%	8h	0.000004820	+0.149%	$132.3M	$1.05B	75x	as long as short
Aevo 1000PEPE-PERP	+0.0704%	1h	0.000004806	−0.148%	$136K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0705%	8h	0.000004820	+0.139%	$1.5M	$7.2M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0791%	1h	0.000004807	−0.127%	$81K	$94K	25x	as long as short
Nado kPEPE-PERP	+0.0835%	1h	0.000004817	+0.089%	$184K	$845K	10x	as long as short