Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.037%

Price spread now: edgeX against SoDEX+0.061%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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.061% dearer against SoDEX than usual: you sell high and buy low, +$6 on $10k if it 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	0.000004816	0.0100	pay 0.0013% / 1h	25m 13s	$2K	$12K	10x
Short	edgeX 1000PEPEUSDC	0.000004819	0.0100	get 0.0050% / 4h	1h 25m	$27K	$342K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → 0.000%: $6.09
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$10.91
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; edgeX: live order book, 58 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 edgeX live order book, 58 min ago	0.93 bp	5.9 bp −$6	112.6 bp −$1,126	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	0.000004805	−0.236%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004810	−0.120%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004816	0.000%	$600K	$5.7M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004809	−0.145%	$62.8M	$80.3M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004806	−0.208%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004813	−0.052%	$87.3M	$281.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004809	−0.145%	$149.8M	$63.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004812	−0.083%	$24.8M	$54.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004813	−0.064%	$537K	$4.0M	—	as long as short
edgeX 1000PEPEUSDCshort	+0.0100%	4h	0.000004819	+0.061%	$27K	$342K	20x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004821	+0.112%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USDlong	+0.0100%	1h	0.000004816	long leg	$2K	$12K	10x
HTX PEPE-USDT	+0.0100%	8h	0.000004816	+0.002%	$543K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0136%	8h	0.000004817	+0.017%	$42.4M	$151.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004813	−0.070%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0208%	8h	0.000004818	+0.042%	$41.9M	$492.8M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0212% / S −0.0091%	1h	0.000004000	−16.944%	$54K	—	100x	as long as short
BloFin PEPE-USDT	+0.0327%	8h	0.000004818	+0.042%	$3.9M	$22.2M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0330%	8h	0.000004805	−0.218%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0376%	8h	0.000004814	−0.046%	$2.3M	$6.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0424%	1h	0.000004813	−0.062%	$551	$2K	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0448%	8h	0.000004817	+0.023%	$29K	$11K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004818	+0.042%	$598K	$25.7M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0591%	1h	0.000004806	−0.212%	$91K	$615K	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0596%	1h	0.000004818	+0.042%	$102K	$763K	25x	as long as short
Nado kPEPE-PERP	+0.0755%	1h	0.000004815	−0.011%	$186K	$853K	10x	as long as short
BingX 1000PEPE-USDC	+0.0780%	8h	0.000004818	+0.031%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0797%	8h	0.000004814	−0.033%	$91.5M	$284.6M	300x	as long as short
Binance 1000PEPEUSDT	+0.0797%	8h	0.000004815	−0.017%	$130.5M	$1.04B	75x	as long as short
Extended 1000PEPE-USD	+0.0800%	1h	0.000004818	+0.042%	$529K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000004815	−0.021%	$136K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0817%	8h	0.000004813	−0.063%	$1.5M	$7.1M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004815	−0.021%	$4K	$103K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0997%	1h	0.000004818	+0.042%	$81K	$94K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.1325%	1h	0.000004815	−0.030%	$3.9M	$13.3M	50x	as long as short