Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0339%/8h= +37.1% APRpaid last 24h +0.028%

Price spread now: SoDEX against OKX+0.394%46s7-day average — · you sell dearer than you buy

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

Long on OKX 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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and SoDEX is 0.394% dearer against OKX than usual: you sell high and buy low: +$39 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PEPE-USDT-SWAP	0.000005075	0.0265	pay 0.0265% / 8h	6h 03m	$45.9M	$577.3M	50x
Short	SoDEX 1000PEPE-USD	0.000005095	0.0604	get 0.0076% / 1h	3m 38s	$2K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against OKX. 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 OKXbpFee SoDEXbpOrdersPrice spread, now +0.394%Rate

Funding earned: $71.22
Price spread: +0.394% → 0.000%: $39.41
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $92.63
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago	0.98 bp	6.0 bp −$6	10.5 bp −$105	37.4 bp −$3,742	doesn't fit
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 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	0.000005071	−0.079%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005093	+0.353%	$18K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005081	+0.118%	$62K	$127K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005071	−0.081%	$98.9M	$326.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005075	0.000%	$163.0M	$72.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005075	−0.006%	$25.5M	$61.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005078	+0.063%	$47.4M	$167.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005096	+0.406%	$681K	$4.6M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005115	+0.789%	$27K	$422K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005099	+0.477%	$2K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005093	+0.351%	$580K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005103	+0.556%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAPlong	+0.0265%	8h	0.000005075	long leg	$45.9M	$577.3M	50x
Orderly PERP_1000PEPE_USDC	+0.0291%	8h	0.000005094	+0.382%	$33K	$24K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005106	+0.611%	$929K	$30.7M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0461%	8h	0.000005089	+0.270%	$2.4M	$7.0M	50x	as long as short
BingX 1000PEPE-USDT	+0.0520%	8h	0.000005076	+0.028%	—	$259.6M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0530% / S −0.0562%	1h	0.000005000	−1.478%	$57K	—	100x	as long as short
MEXC PEPE_USDT	+0.0557%	8h	0.000005079	+0.073%	$96.7M	$292.6M	300x	as long as short
Binance 1000PEPEUSDT	+0.0559%	8h	0.000005077	+0.047%	$143.4M	$1.18B	75x	as long as short
Extended 1000PEPE-USD	+0.0560%	1h	0.000005076	+0.019%	$559K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0560%	1h	0.000005094	+0.374%	$144K	—	3x	as long as short
SoDEX 1000PEPE-USDshort	+0.0604%	1h	0.000005095	+0.394%	$2K	$12K	10x
ApeX Omni 1000PEPEUSDT	+0.0615%	1h	0.000005115	+0.788%	$106K	$749K	25x	as long as short
Aster 1000PEPEUSDT	+0.0661%	8h	0.000005090	+0.292%	$1.7M	$8.3M	50x	as long as short
Nado kPEPE-PERP	+0.0669%	1h	0.000005076	+0.029%	$192K	$881K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0679%	8h	0.000005083	+0.152%	$6K	—	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0733%	1h	0.000005091	+0.315%	$62K	$114K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0817%	1h	0.000005095	+0.392%	$4.1M	$14.6M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005109	+0.670%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0954%	1h	0.000005097	+0.430%	$98K	$609K	15x	as long as short
01 Exchange kPEPEUSD	+0.0968%	1h	0.000005081	+0.118%	$613	$3K	10x	as long as short
Lighter 1000PEPE	+0.1816%	1h	0.000005093	+0.355%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2036%	1h	0.000005103	+0.552%	$56.4M	$136.2M	10x	as long as short