Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against SunX−0.057%7-day average −0.148% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1531.529% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 3 days (all we have)−0.220%−$22 · spread now −0.057%, 7d avg −0.148%

Together, before fees−0.307%−$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.091% dearer against SunX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.148%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 1000PEPE-USDT	0.000004772	0.0100	pay 0.0100% / 8h	34m 06s	$1K	$2.4M	20x
Short	Bitget PEPEUSDT	0.000004769	0.0100	get 0.0100% / 8h	34m 06s	$42.1M	$150.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → −0.148%: $9.12
Slippage, 4 orders: −$132.91
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$143.79
Costs to cover: 1.529%
Break-even: never at this rate

Slippage from SunX: live order book, 2 min ago; Bitget: live order book, 5 min ago.

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 SunX live order book, 2 min ago	29.15 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.09 bp	9.4 bp −$9	11.2 bp −$112	21.8 bp −$2,180	doesn't fit

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	−0.0128%	1h	0.000004761	−0.224%	$65.4M	$92.3M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004762	−0.206%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004760	−0.241%	$13K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004764	−0.163%	$3.8M	$13.7M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004765	−0.140%	$59K	$116K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004768	−0.078%	$85.8M	$289.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004765	−0.140%	$149.5M	$64.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004764	−0.166%	$24.3M	$54.4M	75x	as long as short
Bitget PEPEUSDTshort	+0.0100%	8h	0.000004769	−0.057%	$42.1M	$150.1M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000004776	+0.089%	$585K	$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	0.000004782	+0.215%	$26K	$350K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004782	+0.216%	$99K	$760K	25x	as long as short
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000004772	long leg	$1K	$2.4M	20x
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004764	−0.161%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004766	−0.126%	$540K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0144%	1h	0.000004769	−0.057%	$603K	$6.3M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0188%	8h	0.000004765	−0.144%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004763	−0.174%	$7K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0194%	8h	0.000004762	−0.203%	$2.3M	$6.4M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0204%	8h	0.000004772	+0.006%	$41.4M	$495.9M	50x	as long as short
01 Exchange kPEPEUSD	+0.0256%	1h	0.000004767	−0.098%	$546	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0328%	8h	0.000004763	−0.182%	$3.9M	$22.2M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0375% / S −0.0335%	1h	0.000004000	−16.172%	$47K	—	100x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0380%	1h	0.000004764	−0.161%	$77K	$98K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0398%	8h	0.000004766	−0.128%	$30K	$12K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004765	−0.140%	$573K	$25.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004775	+0.069%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0447%	1h	0.000004767	−0.103%	$90K	$601K	15x	as long as short
Extended 1000PEPE-USD	+0.0632%	1h	0.000004769	−0.057%	$524K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0632%	1h	0.000004768	−0.078%	$135K	—	3x	as long as short
MEXC PEPE_USDT	+0.0634%	8h	0.000004761	−0.220%	$91.5M	$280.7M	300x	as long as short
Binance 1000PEPEUSDT	+0.0634%	8h	0.000004770	−0.038%	$130.6M	$1.06B	75x	as long as short
BingX 1000PEPE-USDC	+0.0637%	8h	0.000004763	−0.176%	—	$2.3M	—	as long as short
Aster 1000PEPEUSDT	+0.0637%	8h	0.000004763	−0.183%	$1.5M	$7.3M	50x	as long as short
Nado kPEPE-PERP	+0.0734%	1h	0.000004763	−0.182%	$182K	$849K	10x	as long as short