Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0721%/8h= +79.0% APRpaid last 24h −0.052%

Price spread now: Binance against SoDEX+0.110%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Binance

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 +$22 a day on $10k at the current rate, and Binance is 0.110% dearer against SoDEX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX 1000PEPE-USD	0.000004822	0.0100	pay 0.0013% / 1h	31m 45s	$2K	$11K	10x
Short	Binance 1000PEPEUSDT	0.000004827	0.0821	get 0.0821% / 8h	1h 31m	$130.7M	$1.03B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now +0.110%Rate

Funding earned: $151.47
Price spread: +0.110% → 0.000%: $10.99
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $144.46
Costs to cover: 0.180%
Break-even: 0.3 days

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 12 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 SoDEX no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	0.10 bp	7.2 bp −$7	11.7 bp −$117	31.8 bp −$3,182	doesn't fit

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
dYdX PEPE-USD	0.0000%	1h	0.000004823	+0.028%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004818	−0.079%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004823	+0.021%	$576K	$5.5M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004823	+0.021%	$62.1M	$79.0M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004827	+0.104%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004823	+0.027%	$87.2M	$280.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004820	−0.041%	$150.8M	$62.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004826	+0.081%	$24.8M	$54.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004851	+0.600%	$581K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004847	+0.521%	$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-USDT	+0.0100%	8h	0.000004830	+0.176%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USDlong	+0.0100%	1h	0.000004822	long leg	$2K	$11K	10x
HTX PEPE-USDT	+0.0100%	8h	0.000004822	+0.002%	$545K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0150%	8h	0.000004826	+0.089%	$42.5M	$151.7M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004820	−0.049%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0205%	8h	0.000004827	+0.104%	$41.7M	$492.5M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0213% / S −0.0092%	1h	0.000004000	−17.047%	$54K	—	100x	as long as short
BloFin PEPE-USDT	+0.0324%	8h	0.000004829	+0.145%	$3.9M	$22.2M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0364%	8h	0.000004827	+0.106%	$5K	$16	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0373%	1h	0.000004821	−0.021%	$81K	$94K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0406%	8h	0.000004828	+0.118%	$2.3M	$6.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0445%	8h	0.000004822	−0.004%	$29K	$11K	20x	as long as short
01 Exchange kPEPEUSD	+0.0448%	1h	0.000004823	+0.021%	$552	$2K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004818	−0.083%	$585K	$25.6M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0585%	1h	0.000004822	+0.010%	$92K	$615K	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0709%	1h	0.000004846	+0.498%	$103K	$764K	25x	as long as short
Nado kPEPE-PERP	+0.0741%	1h	0.000004820	−0.038%	$185K	$855K	10x	as long as short
BingX 1000PEPE-USDC	+0.0808%	8h	0.000004824	+0.044%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0821%	8h	0.000004829	+0.137%	$91.8M	$284.0M	300x	as long as short
Binance 1000PEPEUSDTshort	+0.0821%	8h	0.000004827	+0.110%	$130.7M	$1.03B	75x
Extended 1000PEPE-USD	+0.0824%	1h	0.000004824	+0.036%	$532K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0824%	1h	0.000004824	+0.041%	$136K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0848%	8h	0.000004822	−0.004%	$1.5M	$7.0M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004822	0.000%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1323%	1h	0.000004821	−0.014%	$3.9M	$13.3M	50x	as long as short