Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h −0.019%

Price spread now: BloFin against SoDEX+0.189%56s7-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 BloFin

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 +$7 a day on $10k at the current rate, and BloFin is 0.189% dearer against SoDEX than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 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	SoDEX 1000PEPE-USD	0.000004757	0.0100	pay 0.0013% / 1h	26m 20s	$2K	$12K	10x
Short	BloFin PEPE-USDT	0.000004766	0.0324	get 0.0324% / 8h	26m 20s	$3.9M	$22.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.189%Rate

Funding earned: $47.08
Price spread: +0.189% → 0.000%: $18.92
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $46
Costs to cover: 0.200%
Break-even: 0.2 days

Slippage unknown: SoDEX: no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago	1.05 bp	7.0 bp −$7	10.4 bp −$104	23.3 bp −$2,334	58.9 bp −$29.4K

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
Hyperliquid kPEPE	−0.0171%	1h	0.000004748	−0.189%	$66.5M	$93.5M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004753	−0.086%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004752	−0.114%	$13K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004755	−0.034%	$3.8M	$13.7M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004756	−0.021%	$59K	$116K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004754	−0.063%	$85.7M	$290.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004752	−0.105%	$149.3M	$64.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004755	−0.042%	$24.2M	$54.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004753	−0.082%	$42.0M	$150.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004753	−0.085%	$536K	$4.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004770	+0.274%	$25K	$348K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004769	+0.252%	$99K	$754K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004764	+0.141%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USDlong	+0.0100%	1h	0.000004757	long leg	$2K	$12K	10x
HTX PEPE-USDT	+0.0100%	8h	0.000004755	−0.042%	$539K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0112%	1h	0.000004756	−0.021%	$592K	$6.4M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0182%	8h	0.000004755	−0.045%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0184%	8h	0.000004759	+0.036%	$2.3M	$6.5M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004755	−0.041%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0206%	8h	0.000004757	0.000%	$41.4M	$494.6M	50x	as long as short
01 Exchange kPEPEUSD	+0.0264%	1h	0.000004758	+0.021%	$545	$2K	10x	as long as short
BloFin PEPE-USDTshort	+0.0324%	8h	0.000004766	+0.189%	$3.9M	$22.3M	75x
GMX PEPE/USD [ETH-USDC]	L +0.0380% / S −0.0342%	1h	0.000004000	−15.913%	$46K	—	100x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0384%	8h	0.000004756	−0.027%	$30K	$12K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004757	0.000%	$562K	$25.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004767	+0.210%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0592%	1h	0.000004756	−0.021%	$77K	$98K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0593%	1h	0.000004766	+0.189%	$90K	$602K	15x	as long as short
Extended 1000PEPE-USD	+0.0608%	1h	0.000004756	−0.017%	$524K	$148K	25x	as long as short
Aster 1000PEPEUSDT	+0.0610%	8h	0.000004759	+0.051%	$1.5M	$7.3M	50x	as long as short
Binance 1000PEPEUSDT	+0.0610%	8h	0.000004758	+0.013%	$131.1M	$1.06B	75x	as long as short
BingX 1000PEPE-USDC	+0.0612%	8h	0.000004753	−0.076%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0613%	8h	0.000004759	+0.034%	$91.0M	$281.2M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0616%	1h	0.000004758	+0.021%	$135K	—	3x	as long as short
Nado kPEPE-PERP	+0.0671%	1h	0.000004754	−0.063%	$182K	$849K	10x	as long as short