Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.043%

Price spread now: Orderly against SoDEX+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 SoDEX Short on Orderly

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

The price spread pays, funding is against you. Orderly is 0.067% dearer against SoDEX 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 −$1 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX 1000PEPE-USD	0.000005213	0.0447	pay 0.0056% / 1h	16m 13s	$2K	$10K	10x
Short	Orderly PERP_1000PEPE_USDC	0.000005216	0.0401	get 0.0401% / 8h	3h 16m	$35K	$26K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.067%Rate

Funding earned: −$9.6
Price spread: +0.067% → 0.000%: $6.71
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$16.89
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Orderly: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

SoDEX and Orderly: 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	0.000005222	+0.181%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005210	−0.065%	$14K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	+2.187%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005229	+0.307%	$66K	$163K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005217	+0.073%	$105.9M	$383.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005213	0.000%	$171.9M	$89.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005218	+0.088%	$26.1M	$68.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005213	−0.008%	$661K	$5.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005223	+0.194%	$29K	$534K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005219	+0.111%	$1K	$2.5M	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	0.000005236	+0.432%	$588K	$3.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005218	+0.095%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0318%	8h	0.000005224	+0.207%	$50.7M	$191.1M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0326%	1h	0.000005213	0.000%	$74K	$126K	25x	as long as short
Orderly PERP_1000PEPE_USDCshort	+0.0401%	8h	0.000005216	+0.067%	$35K	$26K	20x
OKX PEPE-USDT-SWAP	+0.0431%	8h	0.000005220	+0.134%	$50.5M	$676.6M	50x	as long as short
SoDEX 1000PEPE-USDlong	+0.0447%	1h	0.000005213	long leg	$2K	$10K	10x
Paradex kPEPE-USD-PERP	+0.0489%	8h	0.000005230	+0.317%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0562%	8h	0.000005244	+0.595%	$4.8M	$28.4M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0683%	8h	0.000005218	+0.096%	$2.5M	$7.6M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005215	+0.038%	$705K	$36.3M	50x	as long as short
BingX 1000PEPE-USDT	+0.0769%	8h	0.000005223	+0.194%	—	$235.7M	—	as long as short
Extended 1000PEPE-USD	+0.0816%	1h	0.000005214	+0.016%	$553K	$231K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0816%	1h	0.000005222	+0.173%	$148K	—	3x	as long as short
MEXC PEPE_USDT	+0.0817%	8h	0.000005216	+0.067%	$98.7M	$296.5M	300x	as long as short
Binance 1000PEPEUSDT	+0.0818%	8h	0.000005215	+0.039%	$151.5M	$1.34B	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0841%	1h	0.000005241	+0.537%	$161K	$810K	25x	as long as short
Nado kPEPE-PERP	+0.0861%	1h	0.000005221	+0.151%	$188K	$917K	10x	as long as short
Aster 1000PEPEUSDT	+0.0915%	8h	0.000005217	+0.084%	$1.8M	$10.4M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0983% / S −0.1975%	1h	0.000005000	−4.086%	$64K	—	100x	as long as short
01 Exchange kPEPEUSD	+0.0984%	1h	0.000005237	+0.460%	$632	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1144%	1h	0.000005220	+0.130%	$68K	$724K	15x	as long as short
Lighter 1000PEPE	+0.1176%	1h	0.000005222	+0.173%	$628K	$8.8M	10x	as long as short
Hyperliquid kPEPE	+0.1527%	1h	0.000005225	+0.230%	$56.9M	$146.0M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1566%	1h	0.000005213	+0.003%	$4.8M	$16.4M	50x	as long as short