Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0380%/8h= +41.6% APRpaid last 24h +0.053%
Price spread now: Extended against SunX+0.350%7-day average −0.198% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$1411.413% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.017%+$2 on $10k
Price spread, last 3 days (all we have)−0.663%−$66 · spread now +0.350%, 7d avg −0.198%
Together, before fees−0.646%+ Points / potential airdropExtended: Active · farm board−$65 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Extended is 0.548% dearer against SunX than usual: you sell high and buy low: +$55 more if the spread goes back to its 7-day average of −0.198%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX 1000PEPE-USDT0.0000050280.0100pay 0.0100% / 8h7h 17m$2K$2.4M20x
ShortExtended 1000PEPE-USD0.0000050450.0480get 0.0060% / 1h17m 00s$555K$148K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$79.8
Price spread: +0.350% → −0.198%
$54.84
Slippage, 4 orders
−$128.32
Fee SunX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$6.68
Costs to cover
1.413%
Break-even
7.6 days
Slippage from SunX: live order book, 9 min ago; Extended: live order book, 56 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 9 min ago29.20 bp47.2 bp −$47doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 56 min ago3.17 bp7.8 bp −$846.4 bp −$464doesn't fitdoesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_PEPEUSD−0.0117%1h0.000005021−0.145%$3.9M$14.2M50xas long as short
dYdX PEPE-USD0.0000%1h0.000005013−0.300%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000005016−0.227%$15K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005019−0.175%$59K$120K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005043+0.302%$94.6M$307.6M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005037+0.183%$161.6M$68.1M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005041+0.261%$25.9M$57.0M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000005045+0.342%$44.1M$153.8M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005008−0.400%$576K$4.4Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005015−0.253%$52K$379K20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX 1000PEPE-USDTlong+0.0100%8h0.000005028long leg$2K$2.4M20x
SoDEX 1000PEPE-USD+0.0100%1h0.000005022−0.115%$2K$12K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000005024−0.082%$567K$3.5M75xas long as short
Phemex u1000PEPEUSDT+0.0100%8h0.000005013−0.298%$2.4M$6.7M50xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005020−0.152%$8K15xas long as short
OKX PEPE-USDT-SWAP+0.0192%8h0.000005049+0.422%$44.9M$542.2M50xas long as short
Paradex kPEPE-USD-PERP+0.0237%8h0.000005019−0.182%$6K$1620xas long as short
ApeX Omni 1000PEPEUSDT+0.0242%1h0.000005019−0.175%$104K$749K25xas long as short
Orderly PERP_1000PEPE_USDC+0.0275%8h0.000005020−0.147%$31K$14K20xas long as short
BloFin PEPE-USDT+0.0310%8h0.000005024−0.076%$4.0M$24.1M75xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0368%1h0.000005029+0.024%$684K$27.6M50xas long as short
BingX 1000PEPE-USDC+0.0465%8h0.000005047+0.384%$2.3Mas long as short
Binance 1000PEPEUSDT+0.0479%8h0.000005047+0.379%$139.4M$1.11B75xas long as short
Extended 1000PEPE-USDshort+0.0480%1h0.000005045+0.350%$555K$148K25x
MEXC PEPE_USDT+0.0480%8h0.000005046+0.364%$100.1M$288.9M300xas long as short
Aevo 1000PEPE-PERP+0.0480%1h0.000005011−0.334%$142K3xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0485% / S −0.0460%1h0.000005000−0.553%$58K100xas long as short
Lighter 1000PEPE+0.0504%1h0.000005028+0.004%$655K$6.8M10xas long as short
Aster 1000PEPEUSDT+0.0517%8h0.000005030+0.050%$1.4M$7.5M50xas long as short
Nado kPEPE-PERP+0.0529%1h0.000005022−0.118%$190K$862K10xas long as short
01 Exchange kPEPEUSD+0.0544%1h0.000005030+0.044%$1K$2K10xas long as short
Backpack kPEPE_USDC_PERP+0.0576%1h0.000005032+0.088%$95K$601K15xas long as short
Injective PEPE/USDC PERP+0.0636%1h0.000005032+0.084%$4K$102K12xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0747%1h0.000005022−0.115%$61K$114K25xas long as short
Hyperliquid kPEPE+0.1611%1h0.000005058+0.601%$57.6M$129.0M10xas long as short