Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0579%/8h= +63.4% APRpaid last 24h −0.018%

Price spread now: BingX against SoDEX−0.065%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on BingX

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. BingX is 0.065% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX 1000PEPE-USD	0.000005099	0.0152	pay 0.0019% / 1h	16m 16s	$2K	$11K	10x
Short	BingX 1000PEPE-USDC	0.000005096	0.0730	get 0.0730% / 8h	1h 16m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SoDEX. 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 SoDEXbpFee BingXbpOrdersPrice spread, now −0.065%Rate

Funding earned: $121.52
Price spread: −0.065% → 0.000%: −$6.47
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: $97.05
Costs to cover: 0.180%
Break-even: 1.4 days

Slippage unknown: SoDEX: no order-book sample; BingX: 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 SoDEX no order-book sample	—	—	—	—	—
Sell BingX live order book, 2 min ago	0.59 bp	13.8 bp −$14	18.3 bp −$183	87.8 bp −$8,780	214.6 bp −$107.3K

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
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005108	+0.177%	$9K	$120K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005093	−0.118%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005090	−0.178%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005099	0.000%	$59K	$181K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005096	−0.053%	$99.4M	$419.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005096	−0.059%	$162.2M	$97.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005098	−0.027%	$596K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005101	+0.047%	$28K	$544K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005106	+0.131%	$2K	$2.7M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005098	−0.027%	$591K	$4.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0101%	8h	0.000005099	+0.008%	$25.9M	$72.5M	75x	as long as short
SoDEX 1000PEPE-USDlong	+0.0152%	1h	0.000005099	long leg	$2K	$11K	10x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005097	−0.032%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0286%	8h	0.000005100	+0.018%	$45.6M	$216.0M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0310%	1h	0.000005094	−0.098%	$154K	$824K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0339%	1h	0.000005097	−0.039%	$73K	$127K	25x	as long as short
OKX PEPE-USDT-SWAP	+0.0394%	8h	0.000005099	0.000%	$47.1M	$725.0M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0394%	8h	0.000005099	−0.004%	$34K	$26K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0425%	1h	0.000005101	+0.037%	$74K	$860K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.0458%	1h	0.000005097	−0.041%	$4.6M	$16.5M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0510%	8h	0.000005100	+0.019%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0516%	8h	0.000005096	−0.059%	$4.4M	$29.3M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0545%	8h	0.000005101	+0.047%	$2.4M	$8.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005102	+0.059%	$680K	$38.6M	50x	as long as short
01 Exchange kPEPEUSD	+0.0680%	1h	0.000005102	+0.059%	$615	$3K	10x	as long as short
Lighter 1000PEPE	+0.0688%	1h	0.000005102	+0.059%	$607K	$9.1M	10x	as long as short
BingX 1000PEPE-USDCshort	+0.0730%	8h	0.000005096	−0.065%	—	$2.3M	—
Nado kPEPE-PERP	+0.0756%	1h	0.000005097	−0.048%	$164K	$959K	10x	as long as short
Aster 1000PEPEUSDT	+0.0757%	8h	0.000005098	−0.028%	$1.7M	$11.7M	50x	as long as short
Extended 1000PEPE-USD	+0.0760%	1h	0.000005098	−0.022%	$541K	$280K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0760%	1h	0.000005107	+0.157%	$144K	—	3x	as long as short
MEXC PEPE_USDT	+0.0763%	8h	0.000005095	−0.078%	$98.5M	$305.8M	300x	as long as short
Binance 1000PEPEUSDT	+0.0764%	8h	0.000005099	0.000%	$140.2M	$1.47B	75x	as long as short
Hyperliquid kPEPE	+0.0943%	1h	0.000005104	+0.098%	$52.8M	$156.6M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1130% / S −0.2249%	1h	0.000005000	−1.942%	$63K	—	100x	as long as short