Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: SunX against edgeX+0.312%7-day average +0.179% · you sell dearer than you buy

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

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.312%, 7d avg +0.179%

Together, before fees+0.053%+ Points / potential airdropedgeX: Active · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.133% dearer against edgeX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.179%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX 1000PEPEUSDC	0.000005196	0.0100	pay 0.0050% / 4h	26m 19s	$37K	$459K	20x
Short	SunX 1000PEPE-USDT	0.000005212	0.0100	get 0.0100% / 8h	4h 26m	$2K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against edgeX. 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 edgeXbpFee SunXbpOrdersPrice spread, now +0.312%Rate

Funding earned: $0
Price spread: +0.312% → +0.179%: $13.32
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$3.68
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 32 min ago; SunX: live order book, 11 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 edgeX live order book, 32 min ago	1.09 bp	5.7 bp −$6	8.7 bp −$87	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	500.08 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	0.000005199	+0.054%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005194	−0.044%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005207	+0.209%	$66K	$144K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005200	+0.072%	$101.5M	$354.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005198	+0.035%	$174.4M	$79.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005209	+0.253%	$26.4M	$65.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005188	−0.165%	$760K	$4.8M	—	as long as short
edgeX 1000PEPEUSDClong	+0.0100%	4h	0.000005196	long leg	$37K	$459K	20x
SunX 1000PEPE-USDTshort	+0.0100%	8h	0.000005212	+0.312%	$2K	$2.5M	20x
HTX PEPE-USDT	+0.0100%	8h	0.000005226	+0.572%	$593K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005214	+0.334%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0198%	8h	0.000005213	+0.326%	$48.3M	$178.5M	75x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005173	−0.446%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0347%	8h	0.000005208	+0.237%	$34K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0378%	8h	0.000005208	+0.228%	$49.2M	$630.1M	50x	as long as short
BloFin PEPE-USDT	+0.0497%	8h	0.000005214	+0.343%	$4.4M	$26.5M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0519%	1h	0.000005207	+0.209%	$74K	$125K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0525%	8h	0.000005211	+0.295%	$2.6M	$7.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005211	+0.286%	$993K	$33.5M	50x	as long as short
BingX 1000PEPE-USDT	+0.0697%	8h	0.000005202	+0.107%	—	$262.7M	—	as long as short
Extended 1000PEPE-USD	+0.0736%	1h	0.000005189	−0.135%	$550K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0736%	1h	0.000005211	+0.286%	$147K	—	3x	as long as short
MEXC PEPE_USDT	+0.0738%	8h	0.000005198	+0.043%	$98.6M	$290.4M	300x	as long as short
Binance 1000PEPEUSDT	+0.0741%	8h	0.000005202	+0.111%	$149.7M	$1.25B	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0775% / S −0.1561%	1h	0.000005000	−3.775%	$64K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0813%	8h	0.000005200	+0.074%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0834%	1h	0.000005220	+0.459%	$104K	$743K	25x	as long as short
Nado kPEPE-PERP	+0.0841%	1h	0.000005215	+0.360%	$194K	$897K	10x	as long as short
Aster 1000PEPEUSDT	+0.0850%	8h	0.000005198	+0.035%	$1.9M	$9.5M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0872%	1h	0.000005211	+0.286%	$2K	$10K	10x	as long as short
Lighter 1000PEPE	+0.0872%	1h	0.000005209	+0.247%	$599K	$8.3M	10x	as long as short
01 Exchange kPEPEUSD	+0.1160%	1h	0.000005192	−0.080%	$626	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1166%	1h	0.000005211	+0.286%	$99K	$666K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1250%	1h	0.000005212	+0.304%	$4.7M	$15.9M	50x	as long as short
Hyperliquid kPEPE	+0.1591%	1h	0.000005220	+0.459%	$56.3M	$141.8M	10x	as long as short