Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h −0.078%

Price spread now: SunX against 01 Exchange+0.044%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on SunX

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

The price spread pays, funding is against you. SunX is 0.044% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange kPEPEUSD	0.000004794	0.0400	pay 0.0050% / 1h	9m 09s	$549	$2K	10x
Short	SunX 1000PEPE-USDT	0.000004796	0.0100	get 0.0100% / 8h	1h 09m	$1K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against 01 Exchange. 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 01 ExchangebpFee SunXbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$63
Price spread: +0.044% → 0.000%: $4.38
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$73.62
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; SunX: live order book, 7 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 01 Exchange no order-book sample	—	—	—	—	—
Sell SunX live order book, 7 min ago	29.07 bp	78.4 bp −$78	doesn't fit	doesn't fit	doesn't fit

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	0.000004789	−0.113%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004784	−0.217%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004789	−0.104%	$668K	$6.0M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004785	−0.188%	$62.9M	$83.3M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004792	−0.042%	$59K	$114K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004787	−0.138%	$87.0M	$283.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004787	−0.146%	$150.5M	$63.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004785	−0.196%	$24.7M	$54.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004794	−0.003%	$543K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004796	+0.036%	$28K	$344K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDTshort	+0.0100%	8h	0.000004796	+0.044%	$1K	$2.4M	20x
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004789	−0.104%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004787	−0.148%	$540K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0110%	8h	0.000004784	−0.198%	$42.0M	$148.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004789	−0.107%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0219%	8h	0.000004790	−0.083%	$41.4M	$491.2M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0268%	8h	0.000004793	−0.011%	$5K	$16	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0330% / S −0.0357%	1h	0.000004000	−16.562%	$43K	—	100x	as long as short
BloFin PEPE-USDT	+0.0339%	8h	0.000004790	−0.083%	$3.9M	$22.1M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0342%	8h	0.000004789	−0.104%	$2.3M	$6.4M	50x	as long as short
01 Exchange kPEPEUSDlong	+0.0400%	1h	0.000004794	long leg	$549	$2K	10x
ApeX Omni 1000PEPEUSDT	+0.0447%	1h	0.000004792	−0.042%	$101K	$763K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004791	−0.063%	$581K	$25.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0450%	8h	0.000004790	−0.094%	$29K	$11K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0553%	1h	0.000004787	−0.142%	$91K	$615K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0586%	1h	0.000004789	−0.104%	$81K	$94K	25x	as long as short
BingX 1000PEPE-USDT	+0.0726%	8h	0.000004787	−0.154%	—	$256.4M	—	as long as short
Extended 1000PEPE-USD	+0.0744%	1h	0.000004787	−0.146%	$526K	$148K	25x	as long as short
Binance 1000PEPEUSDT	+0.0745%	8h	0.000004791	−0.066%	$130.3M	$1.04B	75x	as long as short
MEXC PEPE_USDT	+0.0750%	8h	0.000004784	−0.204%	$91.6M	$285.9M	300x	as long as short
Nado kPEPE-PERP	+0.0750%	1h	0.000004791	−0.052%	$184K	$845K	10x	as long as short
Aevo 1000PEPE-PERP	+0.0752%	1h	0.000004793	−0.021%	$136K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0764%	8h	0.000004789	−0.098%	$1.5M	$7.2M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004795	+0.021%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1332%	1h	0.000004788	−0.125%	$3.9M	$13.3M	50x	as long as short