Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0429%/8h= +46.9% APRpaid last 24h −0.052%

Price spread now: MEXC against SoDEX+0.035%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 MEXC

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 +$13 a day on $10k at the current rate, and MEXC is 0.035% dearer against SoDEX than usual: you sell high and buy low: +$4 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	0.000004791	0.0116	pay 0.0015% / 1h	54m 51s	$2K	$12K	10x
Short	MEXC PEPE_USDT	0.000004793	0.0545	get 0.0545% / 8h	7h 54m	$91.1M	$279.7M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.035%Rate

Funding earned: $90.01
Price spread: +0.035% → 0.000%: $3.55
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: $85.56
Costs to cover: 0.080%
Break-even: 0.3 days

Slippage unknown: SoDEX: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	0.52 bp	1.5 bp −$2	14.4 bp −$144	49.5 bp −$4,946	77.2 bp −$38.6K

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
Kraken Futures PF_PEPEUSD	−0.0122%	1h	0.000004790	−0.018%	$3.9M	$13.9M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004791	−0.005%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004788	−0.071%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004787	−0.083%	$68.5M	$102.2M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004794	+0.063%	$56K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004788	−0.052%	$87.4M	$297.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004788	−0.063%	$152.1M	$64.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004794	+0.071%	$24.0M	$55.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004791	+0.008%	$42.4M	$151.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004801	+0.206%	$554K	$4.2M	—	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	0.000004798	+0.140%	$26K	$350K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004799	+0.163%	$1K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004791	−0.006%	$542K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004797	+0.121%	$2.3M	$6.5M	50x	as long as short
Lighter 1000PEPE	+0.0112%	1h	0.000004794	+0.063%	$575K	$6.6M	10x	as long as short
SoDEX 1000PEPE-USDlong	+0.0116%	1h	0.000004791	long leg	$2K	$12K	10x
Paradex kPEPE-USD-PERP	+0.0175%	8h	0.000004794	+0.059%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004789	−0.037%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0193%	8h	0.000004792	+0.021%	$42.8M	$505.3M	50x	as long as short
BloFin PEPE-USDT	+0.0313%	8h	0.000004800	+0.188%	$3.9M	$22.8M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0331%	8h	0.000004790	−0.015%	$30K	$13K	20x	as long as short
01 Exchange kPEPEUSD	+0.0336%	1h	0.000004788	−0.063%	$548	$2K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004791	0.000%	$551K	$25.8M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0405% / S −0.0447%	1h	0.000004000	−16.510%	$43K	—	100x	as long as short
Nado kPEPE-PERP	+0.0415%	1h	0.000004795	+0.082%	$180K	$848K	10x	as long as short
BingX 1000PEPE-USDC	+0.0532%	8h	0.000004797	+0.136%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0542%	8h	0.000004792	+0.029%	$135.0M	$1.08B	75x	as long as short
Extended 1000PEPE-USD	+0.0544%	1h	0.000004792	+0.029%	$526K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0544%	1h	0.000004780	−0.230%	$135K	—	3x	as long as short
MEXC PEPE_USDTshort	+0.0545%	8h	0.000004793	+0.035%	$91.1M	$279.7M	300x
Aster 1000PEPEUSDT	+0.0546%	8h	0.000004798	+0.138%	$1.5M	$7.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004793	+0.042%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0658%	1h	0.000004795	+0.075%	$94K	$602K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0794%	1h	0.000004792	+0.021%	$77K	$98K	25x	as long as short
ApeX Omni 1000PEPEUSDT	+0.1932%	1h	0.000004800	+0.188%	$100K	$753K	25x	as long as short