Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0428%/8h= −46.9% APRpaid last 24h −0.058%

Price spread now: SunX against Extended+0.087%7-day average +0.196% · you sell dearer than you buy

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

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)+0.211%+$21 · spread now +0.087%, 7d avg +0.196%

Together, before fees+0.189%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and SunX is 0.109% cheaper against Extended than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.196%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended 1000PEPE-USD	0.000005062	0.0528	pay 0.0066% / 1h	25m 18s	$557K	$199K	25x
Short	SunX 1000PEPE-USDT	0.000005066	0.0100	get 0.0100% / 8h	6h 25m	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$89.88
Price spread: +0.087% → +0.196%: −$10.85
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$113.73
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 42 min ago; SunX: live order book, 1 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 Extended live order book, 42 min ago	2.95 bp	7.4 bp −$7	42.1 bp −$421	doesn't fit	doesn't fit
Sell SunX live order book, 1 min ago	500.08 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

PEPE on 34 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	0.000005048	−0.275%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005061	−0.017%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005058	−0.081%	$61K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005062	+0.004%	$98.3M	$323.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005057	−0.100%	$161.3M	$70.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005060	−0.041%	$25.0M	$60.5M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005066	+0.081%	$46.9M	$160.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005092	+0.584%	$624K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005086	+0.471%	$34K	$413K	20x	as long as short
SunX 1000PEPE-USDTshort	+0.0100%	8h	0.000005066	+0.087%	$2K	$2.4M	20x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005060	−0.039%	$570K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005065	+0.048%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0232%	8h	0.000005065	+0.058%	$45.2M	$568.3M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0278%	8h	0.000005063	+0.016%	$33K	$23K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0286%	8h	0.000005060	−0.035%	$2.4M	$6.9M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0321%	1h	0.000005065	+0.058%	$107K	$746K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005067	+0.097%	$627K	$29.6M	50x	as long as short
BingX 1000PEPE-USDT	+0.0487%	8h	0.000005066	+0.075%	—	$258.9M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0511% / S −0.0536%	1h	0.000005000	−1.226%	$56K	—	100x	as long as short
Aevo 1000PEPE-PERP	+0.0520%	1h	0.000005099	+0.729%	$144K	—	3x	as long as short
MEXC PEPE_USDT	+0.0526%	8h	0.000005060	−0.035%	$94.7M	$290.6M	300x	as long as short
Binance 1000PEPEUSDT	+0.0526%	8h	0.000005066	+0.073%	$143.1M	$1.17B	75x	as long as short
Extended 1000PEPE-USDlong	+0.0528%	1h	0.000005062	long leg	$557K	$199K	25x
Paradex kPEPE-USD-PERP	+0.0546%	8h	0.000005058	−0.082%	$6K	$16	20x	as long as short
SoDEX 1000PEPE-USD	+0.0575%	1h	0.000005065	+0.058%	$2K	$12K	10x	as long as short
Aster 1000PEPEUSDT	+0.0629%	8h	0.000005064	+0.029%	$1.7M	$8.2M	50x	as long as short
Nado kPEPE-PERP	+0.0632%	1h	0.000005067	+0.102%	$182K	$881K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0738%	1h	0.000005065	+0.058%	$61K	$114K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0823%	1h	0.000005063	+0.015%	$4.0M	$14.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005098	+0.710%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0943%	1h	0.000005084	+0.425%	$101K	$616K	15x	as long as short
01 Exchange kPEPEUSD	+0.0976%	1h	0.000005061	−0.021%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1520%	1h	0.000005073	+0.216%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2227%	1h	0.000005074	+0.235%	$56.1M	$135.9M	10x	as long as short