Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: edgeX against Variational Omni+0.148%7-day average +0.074% · you sell dearer than you buy

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.046%+$5 on $10k

Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.148%, 7d avg +0.074%

Together, before fees−0.008%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board−$1 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: edgeX is 0.074% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000PEPE	0.000005008	0.0100	pay 0.0100% / 8h	7h 17m	$576K	$4.4M	—
Short	edgeX 1000PEPEUSDC	0.000005015	0.0100	get 0.0050% / 4h	3h 17m	$52K	$379K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Variational Omni. 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 Variational OmnibpFee edgeXbpOrdersPrice spread, now +0.148%Rate

Funding earned: $0
Price spread: +0.148% → +0.074%: $7.36
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$1.64
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; edgeX: live order book, 56 min ago. 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 Variational Omni RFQ quote, 2 min ago	4.96 bp	doesn't fit	18.8 bp −$188	doesn't fit	doesn't fit
Sell edgeX live order book, 56 min ago	0.85 bp	5.5 bp −$5	9.1 bp −$91	doesn't fit	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
Kraken Futures PF_PEPEUSD	−0.0117%	1h	0.000005021	+0.257%	$3.9M	$14.2M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005013	+0.100%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005016	+0.174%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005019	+0.226%	$59K	$120K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005035	+0.548%	$94.5M	$307.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005019	+0.226%	$161.0M	$68.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005027	+0.392%	$25.9M	$57.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005035	+0.544%	$44.0M	$153.8M	75x	as long as short
Variational Omni 1000PEPElong	+0.0100%	8h	0.000005008	long leg	$576K	$4.4M	—
edgeX 1000PEPEUSDCshort	+0.0100%	4h	0.000005015	+0.148%	$52K	$379K	20x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005028	+0.402%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005022	+0.286%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005024	+0.320%	$567K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005013	+0.102%	$2.4M	$6.7M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005020	+0.249%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0192%	8h	0.000005040	+0.646%	$44.9M	$541.2M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0237%	8h	0.000005019	+0.220%	$6K	$16	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0242%	1h	0.000005019	+0.226%	$104K	$749K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0275%	8h	0.000005020	+0.254%	$31K	$14K	20x	as long as short
BloFin PEPE-USDT	+0.0310%	8h	0.000005024	+0.326%	$4.0M	$24.1M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000005029	+0.426%	$684K	$27.6M	50x	as long as short
BingX 1000PEPE-USDC	+0.0465%	8h	0.000005032	+0.476%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0479%	8h	0.000005037	+0.589%	$139.1M	$1.11B	75x	as long as short
Extended 1000PEPE-USD	+0.0480%	1h	0.000005021	+0.269%	$552K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0480%	8h	0.000005031	+0.474%	$100.9M	$288.9M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000005011	+0.066%	$142K	—	3x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0485% / S −0.0460%	1h	0.000005000	−0.153%	$58K	—	100x	as long as short
Lighter 1000PEPE	+0.0504%	1h	0.000005028	+0.406%	$655K	$6.8M	10x	as long as short
Aster 1000PEPEUSDT	+0.0517%	8h	0.000005021	+0.267%	$1.4M	$7.5M	50x	as long as short
Nado kPEPE-PERP	+0.0529%	1h	0.000005022	+0.284%	$190K	$862K	10x	as long as short
01 Exchange kPEPEUSD	+0.0544%	1h	0.000005030	+0.446%	$1K	$2K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0576%	1h	0.000005032	+0.490%	$95K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000005032	+0.486%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0747%	1h	0.000005022	+0.286%	$61K	$114K	25x	as long as short
Hyperliquid kPEPE	+0.1611%	1h	0.000005058	+1.005%	$57.6M	$129.0M	10x	as long as short