Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0429%/8h= −46.9% APRpaid last 24h −0.037%

Price spread now: Bitget against SoDEX+0.418%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 Bitget

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. Bitget is 0.418% dearer against SoDEX than usual: you sell high and buy low (spread +0.418% now, against zero (this spread has no 7-day history yet)): +$42 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX 1000PEPE-USD	0.000005004	0.0529	pay 0.0066% / 1h	48m 43s	$2K	$12K	10x
Short	Bitget PEPEUSDT	0.000005025	0.0100	get 0.0100% / 8h	6h 48m	$44.6M	$158.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.418%Rate

Funding earned: −$89.99
Price spread: +0.418% → 0.000%: $41.77
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$68.23
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	3.02 bp	9.9 bp −$10	12.7 bp −$127	doesn't fit	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	0.000005023	+0.372%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004994	−0.200%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005027	+0.460%	$62K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005023	+0.380%	$96.8M	$319.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005019	+0.300%	$159.8M	$69.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005026	+0.438%	$25.2M	$59.1M	75x	as long as short
Bitget PEPEUSDTshort	+0.0100%	8h	0.000005025	+0.418%	$44.6M	$158.3M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000004998	−0.125%	$557K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004981	−0.460%	$46K	$387K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004999	−0.100%	$106K	$751K	25x	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	0.000005009	+0.096%	$1K	$2.5M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005013	+0.172%	$555K	$3.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005009	+0.100%	$2.4M	$6.8M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005004	−0.004%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0203%	8h	0.000005024	+0.400%	$44.6M	$555.8M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0273%	8h	0.000005000	−0.076%	$32K	$22K	20x	as long as short
BloFin PEPE-USDT	+0.0318%	8h	0.000005008	+0.080%	$4.2M	$24.6M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0350%	1h	0.000005000	−0.080%	$61K	$114K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0395%	8h	0.000005026	+0.442%	$6K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005011	+0.140%	$636K	$28.6M	50x	as long as short
BingX 1000PEPE-USDC	+0.0447%	8h	0.000005021	+0.346%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0479%	8h	0.000005029	+0.494%	$95.6M	$287.8M	300x	as long as short
Extended 1000PEPE-USD	+0.0480%	1h	0.000005022	+0.369%	$552K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000005000	−0.080%	$141K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0481%	8h	0.000005030	+0.520%	$139.4M	$1.16B	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0504% / S −0.0410%	1h	0.000004000	−20.064%	$62K	—	100x	as long as short
SoDEX 1000PEPE-USDlong	+0.0529%	1h	0.000005004	long leg	$2K	$12K	10x
Aster 1000PEPEUSDT	+0.0555%	8h	0.000005030	+0.516%	$1.7M	$8.0M	50x	as long as short
Nado kPEPE-PERP	+0.0625%	1h	0.000005011	+0.135%	$177K	$883K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0828%	1h	0.000005016	+0.236%	$102K	$623K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.0832%	1h	0.000005006	+0.042%	$3.9M	$14.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005024	+0.400%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.0912%	1h	0.000005016	+0.240%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1192%	1h	0.000005028	+0.480%	$649K	$6.8M	10x	as long as short
Hyperliquid kPEPE	+0.2577%	1h	0.000005034	+0.600%	$55.6M	$134.7M	10x	as long as short