Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0173%/8h= +19.0% APRpaid last 24h −0.029%

Price spread now: OKX against SoDEX+0.120%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 OKX

What this pair did over the last

the charts below follow

Funding, last 4 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 +$5 a day on $10k at the current rate, and OKX is 0.120% dearer against SoDEX than usual: you sell high and buy low: +$12 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	0.000005002	0.0100	pay 0.0013% / 1h	58m 23s	$2K	$11K	10x
Short	OKX PEPE-USDT-SWAP	0.000005008	0.0273	get 0.0273% / 8h	6h 58m	$45.7M	$742.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.120%Rate

Funding earned: $36.36
Price spread: +0.120% → 0.000%: $12
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $30.36
Costs to cover: 0.180%
Break-even: 1.2 days

Slippage unknown: SoDEX: no order-book sample; OKX: live order book, 6 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 OKX live order book, 6 min ago	1.00 bp	9.1 bp −$9	13.0 bp −$130	35.9 bp −$3,593	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
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005002	+0.002%	$3K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0026%	1h	0.000005005	+0.060%	$4.6M	$17.0M	50x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000005007	+0.100%	$51.6M	$161.8M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005008	+0.120%	$58K	$197K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005005	+0.052%	$96.3M	$446.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005002	0.000%	$159.8M	$99.9M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000005006	+0.090%	$66K	$959K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004998	−0.088%	$653K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005005	+0.058%	$27K	$569K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000005009	+0.140%	$146K	$846K	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	0.000005000	−0.046%	$1K	$2.6M	20x	as long as short
SoDEX 1000PEPE-USDlong	+0.0100%	1h	0.000005002	long leg	$2K	$11K	10x
HTX PEPE-USDT	+0.0100%	8h	0.000005004	+0.048%	$585K	$4.2M	75x	as long as short
Nado kPEPE-PERP	+0.0117%	1h	0.000005005	+0.062%	$152K	$949K	10x	as long as short
Bitget PEPEUSDT	+0.0126%	8h	0.000005005	+0.070%	$44.6M	$225.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0128%	8h	0.000005009	+0.132%	$25.7M	$75.9M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0150%	1h	0.000004996	−0.120%	$57K	$139K	25x	as long as short
01 Exchange kPEPEUSD	+0.0152%	1h	0.000005006	+0.080%	$604	$2K	10x	as long as short
Lighter 1000PEPE	+0.0168%	1h	0.000005011	+0.180%	$592K	$9.0M	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004993	−0.173%	$8K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0201%	8h	0.000005003	+0.020%	$2.3M	$8.0M	50x	as long as short
OKX PEPE-USDT-SWAPshort	+0.0273%	8h	0.000005008	+0.120%	$45.7M	$742.9M	50x
Paradex kPEPE-USD-PERP	+0.0276%	8h	0.000005011	+0.171%	$6K	—	20x	as long as short
Injective PEPE/USDC PERP	+0.0363%	1h	0.000005011	+0.180%	$6K	$121K	12x	as long as short
BloFin PEPE-USDT	+0.0397%	8h	0.000005010	+0.160%	$4.4M	$30.1M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0431%	8h	0.000005008	+0.120%	$32K	$31K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000005002	0.000%	$664K	$39.4M	50x	as long as short
Binance 1000PEPEUSDT	+0.0553%	8h	0.000005008	+0.114%	$131.8M	$1.54B	75x	as long as short
MEXC PEPE_USDT	+0.0559%	8h	0.000005009	+0.130%	$99.6M	$303.0M	300x	as long as short
Extended 1000PEPE-USD	+0.0560%	1h	0.000005007	+0.098%	$525K	$286K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0560%	1h	0.000004997	−0.100%	$141K	—	3x	as long as short
BingX 1000PEPE-USDC	+0.0563%	8h	0.000004995	−0.138%	—	$2.3M	—	as long as short
Aster 1000PEPEUSDT	+0.0573%	8h	0.000005010	+0.161%	$1.8M	$12.3M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0926% / S −0.1034%	1h	0.000005000	−0.040%	$50K	—	100x	as long as short
dYdX PEPE-USD	+0.8700%	1h	0.000005009	+0.150%	$25K	$12K	10x	as long as short