Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0672%/8h= −73.6% APRpaid last 24h +0.026%

Price spread now: SoDEX against MEXC+0.147%7-day average — · you sell dearer than you buy

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

Long on MEXC 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

The price spread pays, funding is against you. SoDEX is 0.147% dearer against MEXC than usual: you sell high and buy low (spread +0.147% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PEPE_USDT	0.000005174	0.0788	pay 0.0788% / 8h	1h 54m	$98.6M	$301.9M	300x
Short	SoDEX 1000PEPE-USD	0.000005182	0.0116	get 0.0015% / 1h	54m 58s	$2K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against MEXC. 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 MEXCbpFee SoDEXbpOrdersPrice spread, now +0.147%Rate

Funding earned: −$141.11
Price spread: +0.147% → 0.000%: $14.69
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$134.42
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: MEXC: live order book, 4 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 MEXC live order book, 4 min ago	0.58 bp	1.1 bp −$1	7.6 bp −$76	46.8 bp −$4,682	79.6 bp −$39.8K
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
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005156	−0.356%	$10K	$119K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005152	−0.431%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005168	−0.114%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005159	−0.298%	$60K	$180K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005173	−0.033%	$101.5M	$413.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005172	−0.046%	$163.9M	$95.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005174	−0.012%	$25.7M	$71.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005162	−0.247%	$615K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005173	−0.028%	$28K	$539K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005186	+0.222%	$2K	$2.6M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005171	−0.060%	$589K	$4.2M	75x	as long as short
SoDEX 1000PEPE-USDshort	+0.0116%	1h	0.000005182	+0.147%	$2K	$11K	10x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005176	+0.029%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0310%	8h	0.000005174	−0.015%	$46.3M	$213.7M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0379%	8h	0.000005181	+0.133%	$34K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0417%	8h	0.000005174	−0.008%	$48.5M	$723.9M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0451%	1h	0.000005179	+0.089%	$4.7M	$16.8M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0515%	8h	0.000005158	−0.316%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0542%	8h	0.000005178	+0.070%	$4.6M	$29.6M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0547%	1h	0.000005181	+0.120%	$72K	$848K	15x	as long as short
Phemex u1000PEPEUSDT	+0.0571%	8h	0.000005179	+0.093%	$2.4M	$8.0M	50x	as long as short
Lighter 1000PEPE	+0.0616%	1h	0.000005184	+0.186%	$624K	$9.0M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005177	+0.050%	$704K	$38.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0648%	1h	0.000005156	−0.356%	$622	$3K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0716%	1h	0.000005180	+0.108%	$74K	$127K	25x	as long as short
Nado kPEPE-PERP	+0.0739%	1h	0.000005173	−0.027%	$164K	$956K	10x	as long as short
BingX 1000PEPE-USDC	+0.0751%	8h	0.000005174	−0.017%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0784%	1h	0.000005175	+0.018%	$547K	$285K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0784%	1h	0.000005178	+0.070%	$146K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0785%	8h	0.000005175	+0.015%	$143.0M	$1.44B	75x	as long as short
MEXC PEPE_USDTlong	+0.0788%	8h	0.000005174	long leg	$98.6M	$301.9M	300x
Aster 1000PEPEUSDT	+0.0812%	8h	0.000005174	−0.013%	$1.8M	$11.6M	50x	as long as short
Hyperliquid kPEPE	+0.0930%	1h	0.000005182	+0.147%	$55.3M	$154.5M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1132% / S −0.2351%	1h	0.000005000	−3.370%	$63K	—	100x	as long as short
ApeX Omni 1000PEPEUSDT	+0.1244%	1h	0.000005189	+0.282%	$157K	$818K	25x	as long as short