Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: SunX against KuCoin−0.046%7-day average +0.179% · you buy dearer than you sell

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1511.507% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 3 days (all we have)+0.375%+$38 · spread now −0.046%, 7d avg +0.179%

Together, before fees+0.427%+$43 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 0.225% cheaper against KuCoin than usual: you would sell low and buy high, −$22 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	KuCoin PEPEUSDTM	0.000004791	0.0100	pay 0.0100% / 8h	1h 16m	$24.7M	$54.0M	75x
Short	SunX 1000PEPE-USDT	0.000004789	0.0100	get 0.0100% / 8h	1h 16m	$1K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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 KuCoinbpFee SunXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → +0.179%: −$22.45
Slippage, 4 orders: −$130.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$173.12
Costs to cover: 1.507%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; SunX: live order book, 10 min ago.

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 KuCoin live order book, 2 min ago	1.25 bp	12.7 bp −$13	25.3 bp −$253	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	29.07 bp	78.4 bp −$78	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	0.000004786	−0.106%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004778	−0.273%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004784	−0.150%	$660K	$5.9M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004782	−0.192%	$61.7M	$81.8M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004789	−0.046%	$59K	$114K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004793	+0.042%	$86.5M	$282.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004789	−0.046%	$149.8M	$63.2M	75x	as long as short
KuCoin PEPEUSDTMlong	+0.0100%	8h	0.000004791	long leg	$24.7M	$54.0M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000004812	+0.432%	$543K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004816	+0.511%	$27K	$344K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDTshort	+0.0100%	8h	0.000004789	−0.046%	$1K	$2.4M	20x
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004782	−0.192%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004783	−0.177%	$540K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0122%	8h	0.000004798	+0.144%	$42.1M	$148.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004778	−0.265%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0217%	8h	0.000004802	+0.225%	$41.4M	$491.2M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0291%	8h	0.000004786	−0.099%	$5K	$16	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0319% / S −0.0340%	1h	0.000004000	−16.514%	$43K	—	100x	as long as short
BloFin PEPE-USDT	+0.0328%	8h	0.000004783	−0.171%	$3.9M	$22.1M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0354%	8h	0.000004782	−0.198%	$2.3M	$6.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0408%	1h	0.000004784	−0.150%	$548	$2K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004783	−0.171%	$579K	$25.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0450%	8h	0.000004780	−0.225%	$29K	$11K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0542%	1h	0.000004816	+0.518%	$102K	$764K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0557%	1h	0.000004780	−0.230%	$92K	$614K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0587%	1h	0.000004782	−0.192%	$81K	$94K	25x	as long as short
BingX 1000PEPE-USDT	+0.0749%	8h	0.000004798	+0.152%	—	$256.4M	—	as long as short
Binance 1000PEPEUSDT	+0.0766%	8h	0.000004794	+0.050%	$130.1M	$1.04B	75x	as long as short
Nado kPEPE-PERP	+0.0768%	1h	0.000004783	−0.176%	$184K	$845K	10x	as long as short
Extended 1000PEPE-USD	+0.0768%	1h	0.000004801	+0.212%	$526K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0768%	1h	0.000004784	−0.150%	$135K	—	3x	as long as short
MEXC PEPE_USDT	+0.0770%	8h	0.000004794	+0.067%	$90.9M	$285.4M	300x	as long as short
Aster 1000PEPEUSDT	+0.0780%	8h	0.000004782	−0.202%	$1.5M	$7.1M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004798	+0.142%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1335%	1h	0.000004779	−0.263%	$3.9M	$13.3M	50x	as long as short