Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against SunX−0.101%7-day average −0.151% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

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

costs, in and out, $10k−$1491.489% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.101%, 7d avg −0.151%

Together, before fees−0.089%−$9 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: HTX is 0.050% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.151%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 1000PEPE-USDT	0.000004965	0.0100	pay 0.0100% / 8h	4h 10m	$1K	$2.5M	20x
Short	HTX PEPE-USDT	0.000004960	0.0100	get 0.0100% / 8h	4h 10m	$581K	$4.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.101%Rate

Funding earned: $0
Price spread: −0.101% → −0.151%: $4.98
Slippage, 4 orders: −$128.92
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$143.94
Costs to cover: 1.489%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; HTX: live order book, 2 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	29.24 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	5.24 bp	11.4 bp −$11	14.5 bp −$145	65.6 bp −$6,556	doesn't fit

PEPE on 35 exchanges

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
Kraken Futures PF_PEPEUSD	−0.0232%	1h	0.000004958	−0.148%	$4.6M	$16.1M	50x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0007%	1h	0.000004952	−0.274%	$4K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004963	−0.048%	$636K	$9.1M	10x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	0.000004958	−0.149%	$140K	—	3x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	0.000004958	−0.155%	$139K	$941K	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004954	−0.230%	$50.7M	$156.5M	10x	as long as short
Aster 1000PEPEUSDT	+0.0100%	8h	0.000004954	−0.229%	$1.7M	$12.7M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004959	−0.129%	$59K	$198K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	0.000004953	−0.244%	$128.0M	$1.54B	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004952	−0.270%	$92.9M	$446.7M	50x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004954	−0.230%	$44.9M	$723.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004957	−0.169%	$149.8M	$104.5M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	0.000004959	−0.129%	$100.6M	$293.4M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004953	−0.258%	$24.8M	$76.5M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004952	−0.272%	$43.6M	$235.8M	75x	as long as short
BingX 1000PEPE-USDT	+0.0100%	8h	0.000004956	−0.181%	—	$182.4M	—	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004957	−0.165%	$74K	$1.0M	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004954	−0.227%	$680K	$5.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004969	+0.079%	$26K	$575K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004969	+0.073%	$110K	$872K	25x	as long as short
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000004965	long leg	$1K	$2.5M	20x
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004959	−0.129%	$2K	$11K	10x	as long as short
HTX PEPE-USDTshort	+0.0100%	8h	0.000004960	−0.101%	$581K	$4.2M	75x
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004959	−0.123%	$2.3M	$8.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0103%	8h	0.000004957	−0.160%	$15K	$5K	20x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	0.000004955	−0.207%	$520K	$288K	25x	as long as short
01 Exchange kPEPEUSD	+0.0128%	1h	0.000004956	−0.189%	$598	$2K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0154%	1h	0.000004958	−0.149%	$61K	$119K	25x	as long as short
Injective PEPE/USDC PERP	+0.0176%	1h	0.000004904	−1.237%	$3K	$123K	12x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004952	−0.266%	$7K	—	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0200%	8h	0.000004954	−0.238%	$31K	$30K	20x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004960	−0.109%	$4.3M	$28.0M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0320%	1h	0.000004966	+0.012%	$700K	$38.8M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0704% / S −0.0635%	1h	0.000004000	−19.443%	$55K	—	100x	as long as short
dYdX PEPE-USD	+0.4980%	1h	0.000004958	−0.159%	$25K	$18K	10x	as long as short