Funding arb · Price arb /

PEPE

all PEPE markets

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 −0.018%

Price spread now: Gate against SunX−0.085%53s7-day average −0.189% · you buy dearer than you sell

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1501.502% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 3 days (all we have)−0.230%−$23 · spread now −0.085%, 7d avg −0.189%

Together, before fees−0.313%−$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: Gate is 0.104% dearer against SunX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.189%. The two prices were read 53 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	SunX 1000PEPE-USDT	0.000004726	0.0100	pay 0.0100% / 8h	9m 18s	$1K	$2.4M	20x
Short	Gate PEPE_USDT	0.000004722	0.0100	get 0.0100% / 8h	9m 18s	$149.2M	$65.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → −0.189%: $10.43
Slippage, 4 orders: −$127.21
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$139.77
Costs to cover: 1.502%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; Gate: 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, 7 min ago	29.07 bp	47.1 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.06 bp	10.6 bp −$11	18.3 bp −$183	56.9 bp −$5,695	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	−0.0321%	1h	0.000004712	−0.296%	$69.3M	$96.3M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004717	−0.194%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004720	−0.135%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0068%	1h	0.000004720	−0.131%	$3.8M	$13.8M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004718	−0.169%	$55K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004723	−0.061%	$86.7M	$293.8M	50x	as long as short
Gate PEPE_USDTshort	+0.0100%	8h	0.000004722	−0.085%	$149.2M	$65.0M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004723	−0.063%	$24.0M	$54.7M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004722	−0.083%	$41.8M	$150.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004715	−0.237%	$567K	$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	0.000004726	−0.004%	$25K	$349K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004728	+0.042%	$99K	$755K	25x	as long as short
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000004726	long leg	$1K	$2.4M	20x
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004721	−0.106%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004721	−0.112%	$533K	$3.5M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0176%	8h	0.000004717	−0.183%	$5K	$16	20x	as long as short
Lighter 1000PEPE	+0.0176%	1h	0.000004725	−0.021%	$571K	$6.6M	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004723	−0.063%	$7K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0199%	8h	0.000004723	−0.072%	$2.3M	$6.5M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0205%	8h	0.000004724	−0.042%	$41.7M	$494.1M	50x	as long as short
01 Exchange kPEPEUSD	+0.0304%	1h	0.000004721	−0.106%	$541	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0324%	8h	0.000004719	−0.148%	$3.8M	$22.2M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0354%	8h	0.000004725	−0.023%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0388% / S −0.0314%	1h	0.000004000	−15.362%	$49K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004719	−0.148%	$565K	$25.3M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004726	0.000%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0531%	1h	0.000004723	−0.057%	$92K	$603K	15x	as long as short
BingX 1000PEPE-USDT	+0.0553%	8h	0.000004725	−0.030%	—	$257.3M	—	as long as short
Aster 1000PEPEUSDT	+0.0564%	8h	0.000004718	−0.172%	$1.5M	$7.3M	50x	as long as short
Binance 1000PEPEUSDT	+0.0570%	8h	0.000004725	−0.028%	$132.2M	$1.07B	75x	as long as short
MEXC PEPE_USDT	+0.0574%	8h	0.000004728	+0.044%	$88.2M	$282.9M	300x	as long as short
Extended 1000PEPE-USD	+0.0576%	1h	0.000004718	−0.171%	$518K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0576%	1h	0.000004724	−0.042%	$134K	—	3x	as long as short
Nado kPEPE-PERP	+0.0622%	1h	0.000004722	−0.084%	$178K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0810%	1h	0.000004721	−0.106%	$76K	$98K	25x	as long as short