Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.005%

Price spread now: SoDEX against BingX−0.049%7-day average — · you buy dearer than you sell

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

Long on BingX Short on SoDEX

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

Funding pays, the price is against you. SoDEX is 0.049% cheaper against BingX than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000PEPE-USDT	0.000005112	0.0647	pay 0.0647% / 8h	4h 40m	—	$261.9M	—
Short	SoDEX 1000PEPE-USD	0.000005109	0.0707	get 0.0088% / 1h	40m 01s	$2K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against BingX. 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 BingXbpFee SoDEXbpOrdersPrice spread, now −0.049%Rate

Funding earned: $12.54
Price spread: −0.049% → 0.000%: −$4.89
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$10.35
Costs to cover: 0.180%
Break-even: 12.8 days

Slippage unknown: BingX: live order book, 14 min ago; SoDEX: 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 BingX live order book, 14 min ago	0.10 bp	5.4 bp −$5	8.4 bp −$84	17.6 bp −$1,764	45.4 bp −$22.7K
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	0.000005100	−0.234%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005096	−0.309%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005109	−0.049%	$65K	$140K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005107	−0.088%	$99.8M	$346.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005102	−0.186%	$168.8M	$76.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005106	−0.115%	$26.2M	$63.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005091	−0.410%	$688K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005091	−0.410%	$31K	$451K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005116	+0.084%	$2K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005107	−0.094%	$585K	$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
Bitget PEPEUSDT	+0.0173%	8h	0.000005114	+0.047%	$46.6M	$175.2M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005108	−0.078%	$8K	—	15x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005044	−1.321%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0334%	8h	0.000005116	+0.094%	$34K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0368%	8h	0.000005113	+0.029%	$46.0M	$605.7M	50x	as long as short
BloFin PEPE-USDT	+0.0482%	8h	0.000005099	−0.245%	$4.4M	$25.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0586%	8h	0.000005105	−0.121%	$2.4M	$7.1M	50x	as long as short
BingX 1000PEPE-USDTlong	+0.0647%	8h	0.000005112	long leg	—	$261.9M	—
ApeX Omni 1000PEPEUSDT	+0.0663%	1h	0.000005050	−1.203%	$100K	$742K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005113	+0.029%	$979K	$32.2M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0674% / S −0.0928%	1h	0.000005000	−2.181%	$46K	—	100x	as long as short
Aevo 1000PEPE-PERP	+0.0688%	1h	0.000005101	−0.205%	$144K	—	3x	as long as short
MEXC PEPE_USDT	+0.0694%	8h	0.000005115	+0.068%	$93.7M	$287.6M	300x	as long as short
Binance 1000PEPEUSDT	+0.0694%	8h	0.000005115	+0.063%	$145.0M	$1.23B	75x	as long as short
Extended 1000PEPE-USD	+0.0696%	1h	0.000005112	+0.005%	$541K	$226K	25x	as long as short
SoDEX 1000PEPE-USDshort	+0.0707%	1h	0.000005109	−0.049%	$2K	$12K	10x
Deribit 1000PEPE_USDC-PERPETUAL	+0.0729%	1h	0.000005110	−0.029%	$72K	$124K	25x	as long as short
Nado kPEPE-PERP	+0.0768%	1h	0.000005110	−0.026%	$199K	$880K	10x	as long as short
Aster 1000PEPEUSDT	+0.0790%	8h	0.000005111	−0.003%	$1.8M	$9.2M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0799%	8h	0.000005110	−0.038%	$6K	—	20x	as long as short
Lighter 1000PEPE	+0.0920%	1h	0.000005108	−0.068%	$581K	$8.2M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0948%	1h	0.000005107	−0.092%	$98K	$655K	15x	as long as short
01 Exchange kPEPEUSD	+0.1032%	1h	0.000005128	+0.323%	$619	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1276%	1h	0.000005106	−0.107%	$4.5M	$15.5M	50x	as long as short
Hyperliquid kPEPE	+0.1453%	1h	0.000005108	−0.068%	$54.8M	$140.3M	10x	as long as short