Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.026%

Price spread now: Reya against SunX+0.081%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Reya is 0.081% dearer against SunX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 1000PEPE-USDT	0.000005209	0.0100	pay 0.0100% / 8h	4h 25m	$1K	$2.5M	20x
Short	Reya kPEPERUSDPERP	0.000005214	0.0189	get 0.0024% / 1h	25m 58s	$8K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.081%Rate

Funding earned: $18.66
Price spread: +0.081% → 0.000%: $8.08
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $12.74
Costs to cover: 0.140%
Break-even: 2.2 days

Slippage unknown: SunX: live order book, 11 min ago; Reya: no order-book sample. Net counts fees only.

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, 11 min ago	500.08 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
dYdX PEPE-USD	0.0000%	1h	0.000005199	−0.198%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005194	−0.296%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005207	−0.044%	$66K	$144K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005194	−0.299%	$101.3M	$354.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005202	−0.140%	$174.5M	$79.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005198	−0.225%	$26.3M	$65.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005200	−0.187%	$761K	$4.8M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005196	−0.252%	$37K	$459K	20x	as long as short
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000005209	long leg	$1K	$2.5M	20x
HTX PEPE-USDT	+0.0100%	8h	0.000005200	−0.177%	$590K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya kPEPERUSDPERPshort	+0.0189%	1h	0.000005214	+0.081%	$8K	—	15x
Bitget PEPEUSDT	+0.0198%	8h	0.000005199	−0.207%	$48.1M	$178.6M	75x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005173	−0.697%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0347%	8h	0.000005208	−0.015%	$34K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0378%	8h	0.000005199	−0.198%	$49.2M	$629.1M	50x	as long as short
BloFin PEPE-USDT	+0.0497%	8h	0.000005214	+0.090%	$4.4M	$26.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0539%	8h	0.000005206	−0.063%	$2.6M	$7.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005200	−0.179%	$1.0M	$33.4M	50x	as long as short
BingX 1000PEPE-USDT	+0.0697%	8h	0.000005207	−0.050%	—	$262.7M	—	as long as short
Aevo 1000PEPE-PERP	+0.0736%	1h	0.000005211	+0.033%	$147K	—	3x	as long as short
MEXC PEPE_USDT	+0.0738%	8h	0.000005207	−0.042%	$98.8M	$290.4M	300x	as long as short
Binance 1000PEPEUSDT	+0.0741%	8h	0.000005202	−0.150%	$149.7M	$1.25B	75x	as long as short
Extended 1000PEPE-USD	+0.0744%	1h	0.000005207	−0.039%	$550K	$226K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0775% / S −0.1561%	1h	0.000005000	−4.018%	$64K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0813%	8h	0.000005200	−0.179%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0834%	1h	0.000005220	+0.205%	$104K	$743K	25x	as long as short
Nado kPEPE-PERP	+0.0841%	1h	0.000005215	+0.107%	$194K	$897K	10x	as long as short
Aster 1000PEPEUSDT	+0.0850%	8h	0.000005210	+0.019%	$1.9M	$9.5M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0859%	1h	0.000005209	−0.006%	$2K	$10K	10x	as long as short
Lighter 1000PEPE	+0.0872%	1h	0.000005212	+0.052%	$599K	$8.3M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0904%	1h	0.000005206	−0.063%	$74K	$125K	25x	as long as short
01 Exchange kPEPEUSD	+0.1160%	1h	0.000005192	−0.332%	$626	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1168%	1h	0.000005207	−0.042%	$99K	$666K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1250%	1h	0.000005209	+0.002%	$4.7M	$15.9M	50x	as long as short
Hyperliquid kPEPE	+0.1592%	1h	0.000005213	+0.071%	$56.2M	$141.8M	10x	as long as short