Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.026%

Price spread now: SunX against Reya+0.067%7-day average — · you sell dearer than you buy

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

Long on Reya 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—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. SunX is 0.067% dearer against Reya than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kPEPERUSDPERP	0.000005142	0.0189	pay 0.0024% / 1h	35m 12s	$8K	—	15x
Short	SunX 1000PEPE-USDT	0.000005145	0.0100	get 0.0100% / 8h	4h 35m	$2K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Reya. 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 ReyabpFee SunXbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$18.66
Price spread: +0.067% → 0.000%: $6.67
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$25.99
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; SunX: live order book, 2 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 Reya no order-book sample	—	—	—	—	—
Sell SunX live order book, 2 min ago	500.08 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Reya: 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	0.000005137	−0.096%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005132	−0.188%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005140	−0.038%	$66K	$141K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005129	−0.252%	$100.7M	$350.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005126	−0.311%	$170.7M	$76.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005133	−0.169%	$26.0M	$64.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005122	−0.396%	$693K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005142	+0.004%	$36K	$457K	20x	as long as short
SunX 1000PEPE-USDTshort	+0.0100%	8h	0.000005145	+0.067%	$2K	$2.5M	20x
HTX PEPE-USDT	+0.0100%	8h	0.000005135	−0.130%	$586K	$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	+0.0185%	8h	0.000005127	−0.285%	$46.7M	$176.1M	75x	as long as short
Reya kPEPERUSDPERPlong	+0.0189%	1h	0.000005142	long leg	$8K	—	15x
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005127	−0.291%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0338%	8h	0.000005139	−0.048%	$34K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0376%	8h	0.000005128	−0.272%	$47.3M	$612.6M	50x	as long as short
BloFin PEPE-USDT	+0.0493%	8h	0.000005134	−0.155%	$4.3M	$26.0M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0576%	8h	0.000005136	−0.124%	$2.4M	$7.1M	50x	as long as short
BingX 1000PEPE-USDT	+0.0665%	8h	0.000005130	−0.227%	—	$262.2M	—	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005141	−0.019%	$970K	$32.6M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0683% / S −0.0942%	1h	0.000005000	−2.761%	$46K	—	100x	as long as short
MEXC PEPE_USDT	+0.0710%	8h	0.000005138	−0.077%	$97.8M	$288.8M	300x	as long as short
Binance 1000PEPEUSDT	+0.0716%	8h	0.000005136	−0.122%	$145.6M	$1.23B	75x	as long as short
Extended 1000PEPE-USD	+0.0720%	1h	0.000005136	−0.122%	$544K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0720%	1h	0.000005140	−0.038%	$145K	—	3x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0724%	1h	0.000005136	−0.116%	$73K	$124K	25x	as long as short
Nado kPEPE-PERP	+0.0792%	1h	0.000005140	−0.038%	$192K	$891K	10x	as long as short
Aster 1000PEPEUSDT	+0.0812%	8h	0.000005141	−0.029%	$1.8M	$9.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0817%	8h	0.000005131	−0.215%	$6K	—	20x	as long as short
SoDEX 1000PEPE-USD	+0.0876%	1h	0.000005137	−0.097%	$2K	$12K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0933%	1h	0.000005144	+0.039%	$102K	$743K	25x	as long as short
Lighter 1000PEPE	+0.0960%	1h	0.000005139	−0.058%	$582K	$8.2M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1065%	1h	0.000005136	−0.124%	$101K	$657K	15x	as long as short
01 Exchange kPEPEUSD	+0.1120%	1h	0.000005155	+0.253%	$622	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1268%	1h	0.000005136	−0.124%	$4.6M	$15.8M	50x	as long as short
Hyperliquid kPEPE	+0.1517%	1h	0.000005138	−0.077%	$55.3M	$140.8M	10x	as long as short