Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: edgeX against SunX+0.114%7-day average −0.170% · you sell dearer than you buy

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1381.378% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.374%−$37 · spread now +0.114%, 7d avg −0.170%

Together, before fees−0.365%+ Points / potential airdropedgeX: Active · farm board−$36 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: edgeX is 0.284% dearer against SunX than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.170%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 1000PEPE-USDT	0.000005131	0.0100	pay 0.0100% / 8h	1h 37m	$1K	$2.6M	20x
Short	edgeX 1000PEPEUSDC	0.000005136	0.0100	get 0.0050% / 4h	1h 37m	$28K	$541K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.114%Rate

Funding earned: $0
Price spread: +0.114% → −0.170%: $28.4
Slippage, 4 orders: −$120.76
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$109.35
Costs to cover: 1.378%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; edgeX: live order book, 6 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, 10 min ago	29.15 bp	47.1 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 6 min ago	1.45 bp	6.1 bp −$6	44.6 bp −$446	doesn't fit	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
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005141	+0.203%	$9K	$120K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005124	−0.127%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005129	−0.035%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005123	−0.148%	$59K	$181K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005126	−0.090%	$101.0M	$416.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005125	−0.109%	$163.8M	$96.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005124	−0.119%	$25.8M	$72.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005155	+0.468%	$615K	$5.3M	—	as long as short
edgeX 1000PEPEUSDCshort	+0.0100%	4h	0.000005136	+0.114%	$28K	$541K	20x
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000005131	long leg	$1K	$2.6M	20x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005137	+0.117%	$592K	$4.2M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0161%	1h	0.000005128	−0.051%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005126	−0.088%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0295%	8h	0.000005126	−0.084%	$45.9M	$214.7M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0347%	1h	0.000005157	+0.515%	$156K	$822K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0386%	8h	0.000005129	−0.023%	$34K	$26K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0398%	1h	0.000005129	−0.027%	$74K	$855K	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0412%	8h	0.000005127	−0.070%	$47.9M	$724.5M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0455%	1h	0.000005126	−0.095%	$4.6M	$16.9M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0511%	8h	0.000005120	−0.203%	$6K	—	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0531%	1h	0.000005126	−0.090%	$73K	$127K	25x	as long as short
BloFin PEPE-USDT	+0.0544%	8h	0.000005140	+0.183%	$4.6M	$29.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0583%	8h	0.000005130	−0.006%	$2.4M	$8.0M	50x	as long as short
Lighter 1000PEPE	+0.0584%	1h	0.000005125	−0.109%	$612K	$9.0M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005125	−0.109%	$672K	$38.6M	50x	as long as short
01 Exchange kPEPEUSD	+0.0672%	1h	0.000005129	−0.031%	$619	$3K	10x	as long as short
Nado kPEPE-PERP	+0.0733%	1h	0.000005131	0.000%	$163K	$957K	10x	as long as short
BingX 1000PEPE-USDT	+0.0734%	8h	0.000005128	−0.058%	—	$217.5M	—	as long as short
Extended 1000PEPE-USD	+0.0768%	1h	0.000005126	−0.085%	$544K	$286K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0768%	1h	0.000005130	−0.012%	$145K	—	3x	as long as short
MEXC PEPE_USDT	+0.0769%	8h	0.000005130	−0.016%	$98.4M	$303.5M	300x	as long as short
Binance 1000PEPEUSDT	+0.0769%	8h	0.000005129	−0.027%	$141.4M	$1.46B	75x	as long as short
Aster 1000PEPEUSDT	+0.0775%	8h	0.000005128	−0.059%	$1.8M	$11.7M	50x	as long as short
Hyperliquid kPEPE	+0.0987%	1h	0.000005132	+0.027%	$54.9M	$154.6M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1132% / S −0.2257%	1h	0.000005000	−2.546%	$64K	—	100x	as long as short