Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0788%/8h= +86.3% APRpaid last 24h +0.089%

Price spread now: 01 Exchange against SunX+0.377%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 01 Exchange

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—needs both histories

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and 01 Exchange is 0.377% dearer against SunX than usual: you sell high and buy low: +$38 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	0.000005010	0.0100	pay 0.0100% / 8h	6h 50m	$2K	$2.5M	20x
Short	01 Exchange kPEPEUSD	0.000005029	0.0888	get 0.0111% / 1h	50m 25s	$1K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.377%Rate

Funding earned: $165.48
Price spread: +0.377% → 0.000%: $37.72
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $188.2
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: SunX: live order book, 6 min ago; 01 Exchange: 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, 6 min ago	29.19 bp	47.3 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	0.000005027	+0.342%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004998	−0.234%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005030	+0.397%	$59K	$122K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005022	+0.228%	$96.7M	$319.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005017	+0.138%	$159.3M	$69.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005032	+0.445%	$25.1M	$58.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005021	+0.218%	$44.6M	$158.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004998	−0.247%	$557K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004981	−0.581%	$46K	$387K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004985	−0.501%	$106K	$751K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000005010	long leg	$2K	$2.5M	20x
HTX PEPE-USDT	+0.0100%	8h	0.000005003	−0.148%	$554K	$3.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005009	−0.014%	$2.4M	$6.8M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005022	+0.243%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0198%	8h	0.000005026	+0.317%	$44.4M	$555.2M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0271%	8h	0.000005012	+0.042%	$32K	$22K	20x	as long as short
BloFin PEPE-USDT	+0.0317%	8h	0.000005011	+0.018%	$4.2M	$24.6M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0374%	8h	0.000005021	+0.221%	$6K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005013	+0.058%	$614K	$28.6M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0441%	1h	0.000005013	+0.058%	$2K	$12K	10x	as long as short
BingX 1000PEPE-USDT	+0.0445%	8h	0.000005020	+0.206%	—	$258.0M	—	as long as short
Extended 1000PEPE-USD	+0.0472%	1h	0.000005020	+0.200%	$552K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0472%	1h	0.000005012	+0.038%	$142K	—	3x	as long as short
MEXC PEPE_USDT	+0.0475%	8h	0.000005035	+0.497%	$95.5M	$287.5M	300x	as long as short
Binance 1000PEPEUSDT	+0.0479%	8h	0.000005030	+0.389%	$139.4M	$1.15B	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0503% / S −0.0409%	1h	0.000004000	−20.161%	$62K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0552%	8h	0.000005029	+0.385%	$1.7M	$7.9M	50x	as long as short
Nado kPEPE-PERP	+0.0601%	1h	0.000005026	+0.324%	$173K	$880K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0748%	1h	0.000005013	+0.058%	$61K	$114K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0804%	1h	0.000005013	+0.050%	$102K	$622K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.0832%	1h	0.000005008	−0.033%	$3.9M	$14.4M	50x	as long as short
01 Exchange kPEPEUSDshort	+0.0888%	1h	0.000005029	+0.377%	$1K	$2K	10x
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005010	−0.002%	$4K	$102K	12x	as long as short
Lighter 1000PEPE	+0.1264%	1h	0.000005037	+0.537%	$650K	$6.8M	10x	as long as short
Hyperliquid kPEPE	+0.2584%	1h	0.000005032	+0.437%	$55.6M	$134.7M	10x	as long as short