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 +0.009%

Price spread now: edgeX against Pacifica+0.346%52s7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.442% of the position

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.217%−$22 · spread now +0.346%, 7d avg −0.018%

Together, before fees−0.206%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board−$21 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 0.364% dearer against Pacifica than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kPEPE	0.000005134	0.0100	pay 0.0013% / 1h	20m 02s	$65K	$144K	10x
Short	edgeX 1000PEPEUSDC	0.000005152	0.0100	get 0.0050% / 4h	20m 02s	$42K	$463K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Pacifica. 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 PacificabpFee edgeXbpOrdersPrice spread, now +0.346%Rate

Funding earned: $0
Price spread: +0.346% → −0.018%: $36.38
Slippage, 4 orders: −$27.24
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$7.86
Costs to cover: 0.442%
Break-even: never at this rate

Slippage from Pacifica: live order book, 38 min ago; edgeX: live order book, 39 min ago.

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 Pacifica live order book, 38 min ago	4.95 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 39 min ago	1.09 bp	5.8 bp −$6	84.7 bp −$847	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
dYdX PEPE-USD	0.0000%	1h	0.000005126	−0.155%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005112	−0.423%	$15K	—	150x	as long as short
Pacifica kPEPElong	+0.0100%	1h	0.000005134	long leg	$65K	$144K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005129	−0.107%	$99.5M	$358.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005122	−0.234%	$166.7M	$81.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005118	−0.310%	$25.9M	$65.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005124	−0.204%	$801K	$4.8M	—	as long as short
edgeX 1000PEPEUSDCshort	+0.0100%	4h	0.000005152	+0.346%	$42K	$463K	20x
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005123	−0.205%	$2K	$2.5M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005135	+0.027%	$583K	$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
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005119	−0.293%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0208%	8h	0.000005135	+0.027%	$47.4M	$179.9M	75x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005173	+0.760%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0354%	8h	0.000005116	−0.356%	$34K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0382%	8h	0.000005136	+0.039%	$48.1M	$626.1M	50x	as long as short
BloFin PEPE-USDT	+0.0502%	8h	0.000005143	+0.175%	$4.4M	$26.4M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0601%	8h	0.000005129	−0.099%	$2.6M	$7.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005125	−0.175%	$946K	$33.8M	50x	as long as short
BingX 1000PEPE-USDC	+0.0697%	8h	0.000005129	−0.107%	—	$2.3M	—	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0729%	1h	0.000005114	−0.390%	$72K	$125K	25x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0742%	1h	0.000005185	+0.993%	$103K	$744K	25x	as long as short
MEXC PEPE_USDT	+0.0743%	8h	0.000005128	−0.125%	$98.1M	$291.2M	300x	as long as short
Binance 1000PEPEUSDT	+0.0744%	8h	0.000005134	+0.002%	$146.8M	$1.26B	75x	as long as short
Extended 1000PEPE-USD	+0.0744%	1h	0.000005117	−0.323%	$544K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0744%	1h	0.000005167	+0.643%	$146K	—	3x	as long as short
SoDEX 1000PEPE-USD	+0.0751%	1h	0.000005120	−0.273%	$2K	$10K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0785% / S −0.1571%	1h	0.000005000	−2.610%	$62K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0799%	8h	0.000005131	−0.052%	$6K	—	20x	as long as short
Lighter 1000PEPE	+0.0832%	1h	0.000005122	−0.234%	$589K	$8.3M	10x	as long as short
Aster 1000PEPEUSDT	+0.0843%	8h	0.000005113	−0.415%	$1.8M	$9.6M	50x	as long as short
Nado kPEPE-PERP	+0.0934%	1h	0.000005122	−0.225%	$187K	$899K	10x	as long as short
01 Exchange kPEPEUSD	+0.1120%	1h	0.000005129	−0.097%	$619	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1155%	1h	0.000005129	−0.097%	$93K	$666K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1273%	1h	0.000005116	−0.346%	$4.6M	$16.0M	50x	as long as short
Hyperliquid kPEPE	+0.1581%	1h	0.000005136	+0.039%	$55.4M	$142.1M	10x	as long as short