Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0533%/8hnext payment −$0.67 per $10,000 · paid last 24h +0.022%

Price spread now: SoDEX against Extended−0.057%7-day average — · you buy dearer than you sell

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

Long on Extended 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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and SoDEX is 0.057% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended 1000PEPE-USD	0.000004971	0.0800	pay 0.0100% / 1h	4m 41s	$546K	$145K	25x
Short	SoDEX 1000PEPE-USD	0.000004968	0.0267	get 0.0033% / 1h	4m 41s	$2K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Extended. 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 ExtendedbpFee SoDEXbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$111.97
Price spread: −0.057% → 0.000%: −$5.69
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$130.65
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 27 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 Extended live order book, 27 min ago	3.04 bp	7.7 bp −$8	44.7 bp −$447	doesn't fit	doesn't fit
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	0.000004966	−0.097%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004967	−0.081%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004970	−0.017%	$59K	$105K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004962	−0.178%	$89.4M	$256.1M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004966	−0.097%	$43.6M	$484.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004968	−0.057%	$151.6M	$58.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004967	−0.077%	$25.5M	$46.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004973	+0.053%	$724K	$3.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004990	+0.382%	$28K	$330K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004980	+0.179%	$2K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000004972	+0.028%	$572K	$3.7M	75x	as long as short
Bitget PEPEUSDT	+0.0141%	8h	0.000004970	−0.017%	$46.9M	$136.2M	75x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	0.000004972	+0.015%	$8K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004969	−0.037%	$4.0M	$21.3M	75x	as long as short
SoDEX 1000PEPE-USDshort	+0.0267%	1h	0.000004968	−0.057%	$2K	$9K	10x
Orderly PERP_1000PEPE_USDC	+0.0291%	8h	0.000004969	−0.035%	$31K	$10K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0293% / S −0.0263%	1h	0.000004000	−19.530%	$46K	—	100x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0307%	1h	0.000004987	+0.325%	$103K	$757K	25x	as long as short
Hyperliquid kPEPE	+0.0477%	1h	0.000004972	+0.024%	$56.8M	$61.7M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0480%	8h	0.000004969	−0.035%	$6K	$26	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0496%	1h	0.000004967	−0.077%	$634K	$25.0M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0503%	8h	0.000004970	−0.017%	$2.4M	$6.1M	50x	as long as short
Nado kPEPE-PERP	+0.0625%	1h	0.000004971	+0.007%	$200K	$795K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0720%	1h	0.000004966	−0.095%	$97K	$573K	15x	as long as short
01 Exchange kPEPEUSD	+0.0728%	1h	0.000004971	+0.003%	$569	$2K	10x	as long as short
BingX 1000PEPE-USDC	+0.0756%	8h	0.000004967	−0.083%	—	$2.3M	—	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0757%	1h	0.000004972	+0.024%	$84K	$87K	25x	as long as short
Lighter 1000PEPE	+0.0760%	1h	0.000004975	+0.084%	$600K	$5.0M	10x	as long as short
Extended 1000PEPE-USDlong	+0.0800%	1h	0.000004971	long leg	$546K	$145K	25x
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000004971	+0.003%	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0802%	8h	0.000004971	+0.010%	$114.2M	$270.2M	300x	as long as short
Binance 1000PEPEUSDT	+0.0803%	8h	0.000004968	−0.059%	$131.6M	$954.3M	75x	as long as short
Aster 1000PEPEUSDT	+0.0898%	8h	0.000004968	−0.052%	$1.5M	$6.4M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.1525%	1h	0.000004968	−0.051%	$4.0M	$12.0M	50x	as long as short
Injective PEPE/USDC PERP	+0.2268%	1h	0.000004956	−0.298%	$5K	$68K	12x	as long as short