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 0.000%

Price spread now: SunX against Pacifica−0.262%7-day average +0.154% · you buy dearer than you sell

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$1591.591% of the position

Long on Pacifica Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.585%+$58 · spread now −0.262%, 7d avg +0.154%

Together, before fees+0.587%+ Points / potential airdropPacifica: Active · farm board+$59 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 0.416% cheaper against Pacifica than usual: you would sell low and buy high, −$42 on $10k if it goes back to its 7-day average of +0.154%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kPEPE	0.000005264	0.0100	pay 0.0013% / 1h	1m 00s	$68K	$147K	10x
Short	SunX 1000PEPE-USDT	0.000005250	0.0100	get 0.0100% / 8h	4h 01m	$2K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Pacifica. 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 PacificabpFee SunXbpOrdersPrice spread, now −0.262%Rate

Funding earned: $0
Price spread: −0.262% → +0.154%: −$41.58
Slippage, 4 orders: −$143.07
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$200.65
Costs to cover: 1.591%
Break-even: never at this rate

Slippage from Pacifica: live order book, 57 min ago; SunX: live order book, 6 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 Pacifica live order book, 57 min ago	4.95 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	29.49 bp	78.8 bp −$79	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	0.000005255	−0.171%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005244	−0.384%	$15K	—	150x	as long as short
Pacifica kPEPElong	+0.0100%	1h	0.000005264	long leg	$68K	$147K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005250	−0.270%	$102.8M	$364.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005251	−0.247%	$171.5M	$84.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005254	−0.182%	$27.1M	$66.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005245	−0.369%	$840K	$4.9M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005247	−0.324%	$37K	$492K	20x	as long as short
SunX 1000PEPE-USDTshort	+0.0100%	8h	0.000005250	−0.262%	$2K	$2.5M	20x
HTX PEPE-USDT	+0.0100%	8h	0.000005270	+0.104%	$611K	$3.8M	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	0.000005252	−0.226%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0233%	8h	0.000005257	−0.131%	$48.4M	$183.0M	75x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005255	−0.171%	$3K	$110K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0366%	8h	0.000005253	−0.205%	$35K	$25K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0402%	8h	0.000005256	−0.152%	$50.7M	$654.5M	50x	as long as short
BloFin PEPE-USDT	+0.0520%	8h	0.000005246	−0.342%	$4.6M	$27.4M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0618%	8h	0.000005249	−0.275%	$2.6M	$7.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005251	−0.247%	$767K	$35.5M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0704%	1h	0.000005248	−0.304%	$74K	$126K	25x	as long as short
BingX 1000PEPE-USDC	+0.0725%	8h	0.000005254	−0.186%	—	$2.3M	—	as long as short
Aevo 1000PEPE-PERP	+0.0768%	1h	0.000005273	+0.171%	$149K	—	3x	as long as short
SoDEX 1000PEPE-USD	+0.0769%	1h	0.000005246	−0.342%	$2K	$10K	10x	as long as short
MEXC PEPE_USDT	+0.0775%	8h	0.000005258	−0.120%	$101.1M	$294.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0781%	8h	0.000005257	−0.131%	$151.1M	$1.29B	75x	as long as short
Extended 1000PEPE-USD	+0.0784%	1h	0.000005256	−0.154%	$557K	$226K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0796%	8h	0.000005259	−0.094%	$6K	—	20x	as long as short
Lighter 1000PEPE	+0.0808%	1h	0.000005251	−0.247%	$643K	$8.4M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0847% / S −0.1723%	1h	0.000005000	−5.015%	$64K	—	100x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0855%	1h	0.000005267	+0.057%	$179K	$746K	25x	as long as short
Aster 1000PEPEUSDT	+0.0899%	8h	0.000005262	−0.040%	$1.9M	$9.8M	50x	as long as short
Nado kPEPE-PERP	+0.0931%	1h	0.000005256	−0.158%	$184K	$909K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1121%	1h	0.000005248	−0.294%	$84K	$715K	15x	as long as short
01 Exchange kPEPEUSD	+0.1128%	1h	0.000005267	+0.057%	$635	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1242%	1h	0.000005244	−0.379%	$4.8M	$16.2M	50x	as long as short
Hyperliquid kPEPE	+0.1558%	1h	0.000005254	−0.190%	$57.0M	$143.3M	10x	as long as short