Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0071%/8h= −7.8% APRnext payment $0.71 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Bitget+0.403%50s7-day average +0.145% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.087%+$9 on $10k
Price spread, last 3 days (all we have)−0.088%−$9 · spread now +0.403%, 7d avg +0.145%
Together, before fees−0.001%$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.258% dearer against Bitget than usual: you sell high and buy low (spread +0.403% now, against its 7-day average of +0.145%): +$26 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 7 days funding on this pair paid +0.087%, so the current rate has only just turned against you. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PEPEUSDT0.0000048670.0171pay 0.0171% / 8h2h 43m$44.6M$150.9M75x
ShortSunX 1000PEPE-USDT0.0000048870.0100get 0.0100% / 8h2h 43m$2K$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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

Funding earned
−$14.91
Price spread: +0.403% → +0.145%
$25.8
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$9.11
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: Bitget: live order book, 6 min ago; SunX: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 6 min ago2.45 bp9.2 bp −$910.5 bp −$10522.2 bp −$2,220doesn't fit
Sell SunX live order book, 3 min ago500.08 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000004870+0.050%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004878+0.212%$14K150xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004876+0.177%$56.8M$69.0M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004876+0.177%$57K$109K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004869+0.037%$88.9M$271.6M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004872+0.095%$148.7M$60.8M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004876+0.175%$25.2M$51.2M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004899+0.639%$716K$3.7Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004885+0.367%$27K$338K20xas long as short
SunX 1000PEPE-USDTshort+0.0100%8h0.000004887+0.403%$2K$2.4M20x
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000004886+0.374%$555K$3.5M75xas long as short
OKX PEPE-USDT-SWAP+0.0112%8h0.000004869+0.033%$42.1M$493.1M50xas long as short
Bitget PEPEUSDTlong+0.0171%8h0.000004867long leg$44.6M$150.9M75x
Reya kPEPERUSDPERP+0.0189%1h0.000004865−0.048%$7K15xas long as short
BloFin PEPE-USDT+0.0232%8h0.000004880+0.259%$3.9M$21.7M75xas long as short
Lighter 1000PEPE+0.0264%1h0.000004877+0.197%$599K$5.1M10xas long as short
Backpack kPEPE_USDC_PERP+0.0307%1h0.000004879+0.244%$105K$620K15xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0319% / S −0.0217%1h0.000004000−17.821%$53K100xas long as short
Paradex kPEPE-USD-PERP+0.0350%8h0.000004879+0.232%$5K$1620xas long as short
Orderly PERP_1000PEPE_USDC+0.0360%8h0.000004883+0.318%$30K$10K20xas long as short
Phemex u1000PEPEUSDT+0.0407%8h0.000004874+0.125%$2.3M$6.3M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0464%1h0.000004879+0.238%$583K$25.7M50xas long as short
Injective PEPE/USDC PERP+0.0555%1h0.000004888+0.423%$4K$92K12xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0570%1h0.000004882+0.300%$82K$94K25xas long as short
SoDEX 1000PEPE-USD+0.0579%1h0.000004881+0.279%$2K$9K10xas long as short
Nado kPEPE-PERP+0.0638%1h0.000004871+0.066%$182K$866K10xas long as short
Kraken Futures PF_PEPEUSD+0.0750%1h0.000004880+0.255%$3.9M$12.8M50xas long as short
BingX 1000PEPE-USDC+0.0754%8h0.000004873+0.107%$2.3Mas long as short
Aevo 1000PEPE-PERP+0.0800%1h0.000004889+0.444%$138K3xas long as short
MEXC PEPE_USDT+0.0805%8h0.000004880+0.251%$91.5M$287.9M300xas long as short
Binance 1000PEPEUSDT+0.0806%8h0.000004877+0.201%$128.8M$1.01B75xas long as short
Extended 1000PEPE-USD+0.0808%1h0.000004878+0.212%$538K$146K25xas long as short
ApeX Omni 1000PEPEUSDT+0.0859%1h0.000004884+0.341%$101K$759K25xas long as short
Aster 1000PEPEUSDT+0.0866%8h0.000004878+0.223%$1.6M$6.7M50xas long as short
01 Exchange kPEPEUSD+0.1440%1h0.000004884+0.341%$559$2K10xas long as short